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Morelos Apartments (Short Sale)
185 W. Morelos St., Chandler, AZ 85225
12 Units | Multifamily
Multifamily Property - Off Market
- No. Units:
- Building Size:
- 5,282 SF
- Property Type:
- Property Sub-type:
- Property Use Type:
- Cap Rate:
- Gross Rent Multiplier:
- No. Stories:
- Year Built:
- Lot Size:
- 15,620 SF
- APN / Parcel ID:
- 303-62-085, 6
- Listing ID
- Last Updated
- over 1 year ago
- History of High Occupancy
- Master Metered
- High Rental-Demand Area
- Upside Potential
- Evaporative Cooling
- On-Site Laundry
SHORT SALE!!! Location Location location. The Morelos Apartments are located in Chandler, one of the fastest growing cities in the U.S. with an annual population growth rate of 5%! This is a high-rental-demand area and is dominated by Motorola and Intel as a hot bed for electronic technology manufacturing.
The apartments are cute, well-kept, easily rented and offer affordable rental rates. The property has a history of strong occupancy plus current rents are below market. The property would be perfect for a local owner. The single-level, block construction with evaporative cooling offers an owner low-cost maintenance. The property consists mostly of one-bedroom units surrounding a central shaded courtyard.
Morelos Apartments are located in a strong rental sub-market in a quiet Chandler neighborhood. The property is near Pecos & Arizona Ave. and within a half mile to the Loop 202.
Take the 202 east from the Loop 101 to north on Arizona Ave., go west on Pecos Road to Palm Ln. then north on Palm Ln. to Morelos St., then east to property.
Map of 185 W. Morelos St., Chandler, AZ 85225 (Maricopa County)
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The information above has
been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified
it and make no guarantee, warranty or representation about it. It is your responsibility to independently
confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are
for example only and do not represent the current or future performance of the property. The value of
this transaction to you depends on tax and other factors which should be evaluated by your tax, financial,
and legal advisors. You and your advisors should conduct a careful, independent investigation of the
property to determine to your satisfaction the suitability of the property for your needs. TB-P