EXCLUSIVELY LISTED BY ORION INVESTMENT REAL ESTATE'S Jackson Everhart, Vice President -
This 13-unit property in Chandler, Arizona presents an exceptional investment opportunity in a high-barrier-to-entry market. Featuring a spacious courtyard that fosters a strong sense of community, the property has undergone substantial upgrades, including improvements to plumbing, electrical systems, the roof, and the exterior. Additionally, 8 of the units have been fully renovated and now include in-unit washers and dryers. The remaining 5 units offer a value-add potential for further renovations while still generating positive cash flow.
Downtown Chandler has experienced significant growth and investment over the past five years, focusing on retail, office, and hospitality sectors. This development has led to a shortage of affordable housing for the local workforce. With strong demographics, including a household income exceeding $125,000, there is a growing demand for quality housing. The property’s proximity to Chandler High School, a major educational institution, further attracts families seeking nearby accommodation. As more families move to Chandler, the need for well-maintained and affordable housing continues to rise.
Considering these factors, this property offers a prime opportunity for investors seeking strong cash flow in a high demand market with substantial entry barriers. The property is notably low maintenance, requiring minimal operational costs and management time. With potential for additional renovations, it represents a unique and valuable investment prospect.