Furnished Short-Term Rental
For Sale
$325,000
1351 N PLEASANT Drive 1116, Chandler, AZ 85225
Ground-floor end unit with a garage, greenbelt views, and two primary suites.
Days on Market186
Property Features for 1351 N PLEASANT Drive 1116
General Information
Standard status
Active
Total Parking Spaces
1
Property subtype
Apartment
Amenities
pool
spa
BBQs
Building Details
Building Size
1,300 SF
Year Built
2003
Listing Agency:
SERHANT.
(480) 560-7255
Listed By:
Shar Rundio · License #BR529868000
(480) 560-7255
Source:
Gillettegroupaz
Added: Jan 27
Changed: Jul 31
Last Checked: Aug 1 at 10:36AM
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 SERHANT.
Investment Insights
Based on property information with market context.
This ground-floor end-unit condo is offered fully furnished and configured for short-term rental use, a lock-and-leave second home, or full-time residence. The open great room plan includes a breakfast bar, built-in entertainment center, and neutral modern finishes. The kitchen features custom glass-panel cabinetry, a smooth-top stove, built-in microwave, newer stainless steel appliances, and an R/O system. Two primary suites and a 1-car garage complete the residence.
Community amenities include a pool, spa, and BBQ areas. The property is located at 1351 N Pleasant Drive in Chandler, Arizona, with walkable access to Chandler's Apache Park. Built in 2003, the condo combines furnished flexibility with a residential layout suited to multiple occupancy and use options.
Community amenities include a pool, spa, and BBQ areas. The property is located at 1351 N Pleasant Drive in Chandler, Arizona, with walkable access to Chandler's Apache Park. Built in 2003, the condo combines furnished flexibility with a residential layout suited to multiple occupancy and use options.
Key Highlights
- Ground‑floor end‑unit condo with serene greenbelt views
- Fully furnished and offered with no short‑term rental restrictions
- Two spacious primary suites and an open great room layout
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 | $28.5k | $21.96 |
| − Vacancy | −$1.6k | −$1.21 |
| EGI | $27.0k | $20.75 |
| − OpEx | −$12.1k | −$9.34 |
| NOI | $14.8k | $11.41 |
1,300 SF · lease $21.96/SF/yr · vacancy 5.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$212.0K
$185.5K – $247.3K
NOI $14,838 @ 7.0% cap · market cap 4.57%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$372.6K
$326.0K – $434.7K
NOI $26,083 @ 7.0% cap · market cap 8.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
889
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Short term rental property - Ground-floor end unit with a garage, greenbelt views, and two primary suites.
Where is this short term rental property located?
The property is located at 1351 N PLEASANT Drive 1116 Chandler, AZ.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Ground‑floor end‑unit condo with serene greenbelt views; Fully furnished and offered with no short‑term rental restrictions; Two spacious primary suites and an open great room layout
