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142 West IVANHOE Place Chandler, AZ 85225

$575,000
3
Beds
2
Baths
0.17
Acres
1,619
SQFT
355
$/SQFT
$575,000
3
Beds
2
Baths
1,619   sf
$355 / sf
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price reduced
1/24
Street View

Calling All Investors! Long term tenant in place currently paying $5,500 in rent until December 2024. Tenant willing to renew for minimum 12-18 month extension & Seller willing to do up to $150K seller carry back loan! Behavioral Group Home licensed up to 5 residents in Chandler AZ with long term tenant in place (Real Estate Only) - priced at over a 10% cap rate! Perfect investment opportunity or 1031 exchange opportunity to purchase a highly profitable and extremely easy rental income property. Tenant pays for utilities except solar payment. Property can be zoned for 10 with addition sq ft and fire sprinklers. The tenant has been running his business in the home since 2020. Complete rental history available including all operating expenses. Low overhead and easy rental income home.

Calling All Investors! Long term tenant in place currently paying $5,500 in rent until December 2024. Tenant willing to renew for minimum 12-18 month extension & Seller willing to do up to $150K seller carry back loan! Behavioral Group Home licensed up to 5 residents in Chandler AZ with long term tenant in place (Real Estate Only) - priced at over a 10% cap rate! Perfect investment opportunity or 1031 exchange opportunity to purchase a highly profitable and extremely easy rental income property. Tenant pays for utilities except solar payment. Property can be zoned for 10 with addition sq ft and fire sprinklers. The tenant has been running his business in the home since 2020. Complete rental history available including all operating expenses. Low overhead and easy rental income home.

Listed by:
HomeSmart

mls source logo Listing provided courtesy of Arizona Regional Multiple Listing Service, Inc. (ARMLS)
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School Info

Property details

Community Features

  • No HOA
  • Not Age Restricted

Exterior features

  • No Pool

Property History

DateDays AgoEventNew Price
Sep 18, 20241 day agoPrice decreased20,000 (3%)$575,000
Aug 22, 202428 days agoPrice decreased4,000 (1%)$595,000
Jul 29, 20242 mos agoPrice decreased51,000 (8%)$599,000
Jul 19, 20242 mos agoPrice decreased25,000 (4%)$650,000
Jul 11, 20242 mos agoPrice decreased14,000 (2%)$675,000
Jun 21, 20243 mos agoPrice decreased10,000 (1%)$689,000
Jun 7, 20243 mos agoPrice decreased51,000 (7%)$699,000
May 29, 20244 mos agoNew on market$750,000
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