Remodeled 1-Bedroom Income
For Sale
$230,000
1100 N PRIEST Drive 2109, Chandler, AZ 85226
Condominium residence with an open layout, private balcony, included appliances, and access to a community pool.
Days on Market66
Property Features for 1100 N PRIEST Drive 2109
General Information
Standard status
Active
Property subtype
Apartment
Units
Unit Mix
1 x 1BR
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$627
Amenities
balcony
pool
Building Details
Building Size
669 SF
Year Built
2007
Listing Agency:
United Real Estate Specialists
(928) 432-1496
Listed By:
Tyler Post
(928) 432-1496
Source:
Gillettegroupaz
Added: May 29
Changed: Aug 2
Last Checked: Aug 2 at 3:13AM
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 United Real Estate Specialists
Investment Insights
Based on property information with market context.
This 1-bedroom residential income property is located within Lumiere Chandler Condominiums and was remodeled with wood-look tile flooring and fresh paint. The open interior connects the living area with sliding-glass-door access to the balcony. The kitchen includes built-in appliances, a pantry, and ample cabinet storage. The bedroom features carpeting and a walk-in closet, while an included washer and dryer add practical convenience.
The condominium community offers a pool, and the property is positioned near restaurants, entertainment, and shopping centers. Built in 2007, the unit combines a refreshed interior with established community amenities and a functional residential layout.
The condominium community offers a pool, and the property is positioned near restaurants, entertainment, and shopping centers. Built in 2007, the unit combines a refreshed interior with established community amenities and a functional residential layout.
Key Highlights
- 1‑bedroom condominium unit in Lumiere Chandler Condominiums
- Remodeled interior with wood‑look tile flooring and fresh paint
- Open floor plan with sliding glass doors to a balcony
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 3.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$191.8K
$167.8K – $223.7K
NOI $13,423 @ 7.0% cap · market cap 5.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
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 - Condominium residence with an open layout, private balcony, included appliances, and access to a community pool.
Where is this residential income property located?
The property is located at 1100 N PRIEST Drive 2109 Chandler, AZ.
What is the asking price?
The asking price for this property is $230,000.
What are key features of this property?
This property features: 1‑bedroom condominium unit in Lumiere Chandler Condominiums; Remodeled interior with wood‑look tile flooring and fresh paint; Open floor plan with sliding glass doors to a balcony
