The Avenue Apartments is a nicely renovated 13 unit complex located near Downtown Chandler. This investment opportunity offers a step in 6.7% cap rate with further opportunity to increase NOI through renovating the remaining 5 units. The attractive unit mix includes 5 2bed/1bath units and 8 1bed/1bath units. Major exterior renovations have been done inclucding new exterior stucco and paint, new plumbing, new parking lot asphalt and stripping, and a refurbished courtyard.
Property Details
Property Features
Property Information:
Year Built: 1948
Listing Office:
Office Name: Orion Investment Real Estate
Office Phone: (480) 634-6934
Listing Agent: Jackson Everhart
Interior Features
Interior Information:
Flooring Type: Ceramic Tile, Vinyl
Exterior Features
Parking Information:
Parking: >1 Space Per Unit
Utilities
Utilities Information:
Heating: Natural Gas
Cooling: Other, Electric, Ceiling Fan(s)
Other
Directions Information:
Directions: North on Arizona Ave to Oakland Street, property is on the SW corner
Price Information
Listing Price Info
Price Summary:
List Price: $2,600,000
Tax Information:
Annual Amount: $3,856
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in Chandler, AZ.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
3
/10
Galveston Elementary School
661 E Galveston St
Distance between this listing and this school0.61 miles
Public District Grades PK-6
5
/10
Hartford Sylvia Encinas Elementary School
700 N Hartford St
Distance between this listing and this school0.62 miles
Public District Grades PK-6
3
/10
San Marcos Elementary School
451 W Frye Rd
Distance between this listing and this school0.99 miles
Public District Grades PK-6
Nearby Schools
10
/10
Arizona College Preparatory Oakland Campus
191 W Oakland St
Distance between this listing and this school0.26 miles
Public District Grades 6-8
4
/10
Champion Chandler
222 South McQueen Road
Distance between this listing and this school1.21 miles
Public Charter Grades KG-8
3
/10
Willis Junior High School
401 S McQueen Rd
Distance between this listing and this school1.50 miles
Public District Grades 7-8
Nearby Schools
7
/10
Chandler High School
350 N Arizona Ave
Distance between this listing and this school0.21 miles
Public District Grades 9-12
10
/10
Arizona College Preparatory Erie Campus
1150 W Erie St
Distance between this listing and this school1.13 miles
Public District Grades 7-12
2
/10
Intelli-School
1727 N Arizona Ave Ste 5
Distance between this listing and this school1.50 miles
The neighbors living near this home have an average income of $38,830. Most Chandler, AZ residents have annual incomes less than $35k. Residents typically live in married, with kids family. The most common level of education of people living in this area is high school diploma.
All data provided by Home Junction and Claritas
Living In Chandler, AZ
Content displayed has been generated by an AI model trained on a diverse range of data. While efforts have been made to ensure the quality and reliability of the content, there may be limitations or inaccuracies. The content should not be considered as a substitute for professional advice, and we recommend consulting with appropriate experts and independent sources for specific information or guidance. We assume no responsibility for any consequences arising from the use of this content.
Types of housing in Chandler, AZ.
Chandler's housing market is diverse, offering a range of options from single-family homes to multi-family apartments and townhouses. The architectural styles vary, with a prevalence of contemporary and ranch-style homes. A significant portion of the housing development occurred in the late 20th century, reflecting the city's growth during that period. The homeownership rate in Chandler is robust, with a majority of residents owning their homes.
What is it like to live in Chandler, AZ?
Chandler is celebrated for its family-friendly atmosphere and community-oriented lifestyle. The city prides itself on hosting events like the Chandler Ostrich Festival, which reflects its unique heritage and fosters a sense of community. The area is known for its well-maintained parks and recreational facilities, contributing to the overall character of the city.
Is it easy to get around Chandler, AZ without a car?
The community is served by a comprehensive educational system, including numerous public and private schools that cater to a range of educational needs. Chandler is home to several healthcare facilities, offering a variety of services to meet the medical needs of its residents. The city also features a network of public libraries and a vibrant array of retail and dining options that showcase local culture and cuisine.
Transportation in Chandler, AZ.
Chandler's transport infrastructure includes a network of major roads and highways that facilitate travel and commuting within the city and to neighboring areas. Public transit options are available, providing residents with alternatives to private vehicle use. The city is also equipped with bike lanes and trails, enhancing its bikeability. While specific ride-sharing services are operational in the area, they are part of a broader trend towards flexible transportation solutions.
Frequently Asked Questions About 498 N Arizona Ave
What is the listing price of this property?
The listing price of 498 N Arizona Ave property is $2,600,000.
What type of property is this?
The property 498 N Arizona Ave is a house located in Chandler, Arizona, 85225.
Is this property for sale now?
Accepting Backup Offers: 498 N Arizona Ave is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $3,856 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on June 9, 2017 for $704,900. (source: MLS/tax record).
Which year was this property built?
The year of construction for 498 N Arizona Ave is 1948.
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This home is located at 498 N Arizona Ave in Chandler, AZ and zip code 85225. This home was built in 1948. It has been listed on Rocket Homes since October 08, 2024 and is currently priced at $2,600,000.
Chandler, AZ housing market in October 2024 saw over 31 listings sold above listed price, more than 72 sold at listed price and over 136 sold below. The inventory of homes for sale in Chandler, AZ between September 2024 and October 2024 increased by 9.7%. While the average time on the market in October 2024 was 54 days, the median list price was $535,237.
From Rocket Homes Real Estate and based on county public records data.
The data relating to real estate for sale on this site comes from the Broker Reciprocity/IDX of Arizona Regional Multiple Listing Service, Inc. Indicates a property listed by a real estate brokerage other than Rocket Homes Real Estate, LLC. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Arizona Regional Multiple Listing Service, Inc. do not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing. Information deemed reliable but not guaranteed. Copyright© 2024 Arizona Regional Multiple Listing Service, Inc. All Rights Reserved.
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