Renovated 2-Bedroom
For Sale
$289,900
1287 N Alma School Road #210, Chandler, AZ 85224
Updated interiors include a remodeled kitchen and refreshed finishes throughout.
Property Size1,035 SF
Price / SF$280.10
Days on Market13
Property Features for 1287 N Alma School Road #210
General Information
Standard status
Active
Size
1,035 SF
Property subtype
Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$580
Amenities
3/4 Bath Master Bdrm
Breakfast Bar
Quartz Countertops
Tennis Court(s)
Balcony
Building Details
Building Size
1,035 SF
Year Built
1985
Stories
2
Listed By:
Judy Berry-Daw
(602) 380-5171
Source:
Jlberrycompany
Added: Oct 16
Changed: Oct 28
Last Checked: Oct 27 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 Judy Berry-Daw
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Investment Insights
Based on property information with market context.
This 2-bedroom, 2-bathroom condominium offers 1,035 square feet of interior space. Renovations include new flooring, two-coat interior paint, updated baseboards, and recessed LED lighting. The kitchen has soft-close cabinetry, quartz countertops, and a new sink and faucet. Both bathrooms have been remodeled with new shower systems, custom tile flooring, glass doors, and updated plumbing fixtures. Sliding glass doors, electrical outlets, and switches have also been replaced.
Built in 1985, the condominium is located at 1287 N Alma School Road, #210, in Chandler, Arizona.
Built in 1985, the condominium is located at 1287 N Alma School Road, #210, in Chandler, Arizona.
Key Highlights
- 2 bedrooms and 2 bathrooms
- 1,035 square feet of interior space
- Kitchen renovation includes soft‑close cabinets, quartz counters, sink, and faucet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,813
Cap Rate
4.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$236,260
$236.3K
Cap Rate 7%
$168,757
$168.8K
Cap Rate 9%
$131,256
$131.3K
Market Conditions
NOI Build-Up for 1,035 SF
Gross rent
$22.7K $21.96/SF
− Vacancy
−$1.3K −$1.21/SF
EGI
$21.5K $20.75/SF
− OpEx
−$9.7K −$9.34/SF
NOI
$11.8K $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%
$236,260
Cap Rate 7%
$168,757
Cap Rate 9%
$131,256
Alternative Uses
Best Use
Apartment 5plus
$168.8K
$147.7K – $196.9K
NOI $11,813 @ 7.0% cap · market cap 4.07%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$296.7K
$259.6K – $346.1K
NOI $20,766 @ 7.0% cap · market cap 7.16%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
619
Businesses Nearby
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Business Placement
Demographics for 85224, AZ
46,919
Population
21,559
Households
2.2
Avg Household Size
38
Median Age
40%
College-Educated
94%
High-School Grad
9.4 sq mi
ZIP Area
4,991
Density / Sq Mi
$90,886
Median Household Income
$53,408
Median Earnings
$1,785
Median Rent
$391,000
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Updated interiors include a remodeled kitchen and refreshed finishes throughout.
Where is this residential income property located?
The property is located at 1287 N Alma School Road #210 Chandler, AZ.
What is the asking price?
The asking price for this property is $289,900.
What are key features of this property?
This property features: 2 bedrooms and 2 bathrooms; 1,035 square feet of interior space; Kitchen renovation includes soft‑close cabinets, quartz counters, sink, and faucet
