Renovated One-Bedroom
For Sale
$236,800
1100 N PRIEST Drive 1135, Chandler, AZ 85226
Open-concept condominium with updated finishes, gated community amenities, and convenient access to restaurants, shopping, schools, parks, and I-10.
Days on Market19
Property Features for 1100 N PRIEST Drive 1135
General Information
Standard status
Active
Property subtype
Apartment
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Additional Details
Highway Access
Yes
Amenities
clubhouse
24 hour fitness center
billiard table
EV charging stations
two sparkling resort style swimming pools & spas
Building Details
Building Size
669 SF
Year Built
2007
Listing Agency:
Canam Realty Group
(480) 759-2242
Listed By:
Rick Metcalfe · License #SA561835000
(480) 759-2242
Source:
Gillettegroupaz
Added: Jul 15
Changed: Jul 31
Last Checked: Aug 1 at 10:55AM
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 Canam Realty Group
Investment Insights
Based on property information with market context.
This one-bedroom, one-bath condominium at Lumiere Chandler Condominiums features an open-concept floor plan with abundant natural light. The kitchen includes stainless steel appliances, Corian countertops, a pantry, and ample cabinetry. The living room has a wood-burning fireplace, while the home also offers a walk-in closet, upgraded ceiling fans, and a covered patio with a storage room.
The property was built in 2007 and includes a newer AC installed in 2025, a renovated bathroom with a custom walk-in shower completed in 2023, and LVP flooring installed in 2023. The gated community offers a clubhouse with a 24-hour fitness center, billiard table, EV charging stations, two swimming pools, and spas. The condominium is near restaurants, shopping, schools, and parks, with access to I-10.
The property was built in 2007 and includes a newer AC installed in 2025, a renovated bathroom with a custom walk-in shower completed in 2023, and LVP flooring installed in 2023. The gated community offers a clubhouse with a 24-hour fitness center, billiard table, EV charging stations, two swimming pools, and spas. The condominium is near restaurants, shopping, schools, and parks, with access to I-10.
Key Highlights
- 1 bedroom, 1 bath condominium at Lumiere Chandler Condominiums
- Newer AC installed in 2025
- Renovated bathroom with custom walk‑in shower completed in 2023
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $14.7k | $21.96 |
| − Vacancy | −$808 | −$1.21 |
| EGI | $13.9k | $20.75 |
| − OpEx | −$6.2k | −$9.34 |
| NOI | $7.6k | $11.41 |
669 SF · lease $21.96/SF/yr · vacancy 5.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$109.1K
$95.5K – $127.3K
NOI $7,636 @ 7.0% cap · market cap 3.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$191.8K
$167.8K – $223.7K
NOI $13,423 @ 7.0% cap · market cap 5.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
701
Businesses Nearby
Explore this area
Business Placement
Demographics for 85226, AZ
40,689
Population
17,406
Households
2.3
Avg Household Size
38
Median Age
50%
College-Educated
96%
High-School Grad
38.4 sq mi
ZIP Area
1,060
Density / Sq Mi
$103,740
Median Household Income
$58,515
Median Earnings
$1,785
Median Rent
$452,400
Median Home Value
Market
Properties on Market for Residential income properties in Chandler
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Open-concept condominium with updated finishes, gated community amenities, and convenient access to restaurants, shopping, schools, parks, and I-10.
Where is this residential income property located?
The property is located at 1100 N PRIEST Drive 1135 Chandler, AZ.
What is the asking price?
The asking price for this property is $236,800.
What are key features of this property?
This property features: 1 bedroom, 1 bath condominium at Lumiere Chandler Condominiums; Newer AC installed in 2025; Renovated bathroom with custom walk‑in shower completed in 2023
