Ground-Floor Residential Income
For Sale
$285,000
1075 E CHANDLER Boulevard Unit 124, Chandler, AZ 85225
Ground-floor unit located near the pool in Chandler, Arizona.
Property Size1,003 SF
Days on Market37
Property Features for 1075 E CHANDLER Boulevard Unit 124
General Information
Standard status
Active
Size
1,003 SF
Property subtype
Apartment
Taxes and HOA fees
Annual Taxes
$571
Building Details
Building Size
1,003 SF
Year Built
1985
Listing Agency:
Edge Realty, LLC
Listed By:
Scott Harris
(480) 694-0340
Source:
Gillettegroupaz
Added: Aug 31
Changed: Oct 4
Last Checked: Oct 5 at 11:12PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Edge Realty, LLC
Investment Insights
Based on property information with market context.
This residential income property is a ground-floor unit at 1075 E Chandler Boulevard, Unit 124. The property was built in 1985 and is positioned close to the pool.
Located in Chandler, Arizona, the unit is within the 85225 ZIP code and forms part of a residential community.
Located in Chandler, Arizona, the unit is within the 85225 ZIP code and forms part of a residential community.
Key Highlights
- Ground‑floor unit
- Located near the pool
- Built in 1985
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,448
Cap Rate
4.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$228,960
$229.0K
Cap Rate 7%
$163,543
$163.5K
Cap Rate 9%
$127,200
$127.2K
Market Conditions
NOI Build-Up for 1,003 SF
Gross rent
$22.0K $21.96/SF
− Vacancy
−$1.2K −$1.21/SF
EGI
$20.8K $20.75/SF
− OpEx
−$9.4K −$9.34/SF
NOI
$11.4K $11.41/SF
Area
Chandler, AZ
Vacancy
5.50%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$228,960
Cap Rate 7%
$163,543
Cap Rate 9%
$127,200
Alternative Uses
Best Use
Apartment 5plus
$163.5K
$143.1K – $190.8K
NOI $11,448 @ 7.0% cap · market cap 4.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$287.5K
$251.6K – $335.4K
NOI $20,124 @ 7.0% cap · market cap 7.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
320
Businesses Nearby
Explore this area
Business Placement
Demographics for 85225, AZ
73,551
Population
28,930
Households
2.5
Avg Household Size
35
Median Age
33%
College-Educated
88%
High-School Grad
12.7 sq mi
ZIP Area
5,791
Density / Sq Mi
$86,036
Median Household Income
$45,692
Median Earnings
$1,662
Median Rent
$386,800
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Ground-floor unit located near the pool in Chandler, Arizona.
Where is this residential income property located?
The property is located at 1075 E CHANDLER Boulevard Unit 124 Chandler, AZ.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: Ground‑floor unit; Located near the pool; Built in 1985
