2406 South PECAN Drive Chandler, AZ 85286

$650,000
4
Beds
2
Baths
0.22
Acres
2,285
SQFT
284
$/SQFT
$650,000
4
Beds
2
Baths
2,285   sf
$284 / sf
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CALLING ALL INVESTORS, an exceptional investment opportunity awaits. Investor Only Opportunity | Home is a Licensed Residential Care Facility with Long-Term LeaseProperty located in the highly desirable Clemente Ranch community of Chandler, AZ 85286. This 2,253 sq ft single-family home features 5 bedrooms and 2 bathrooms and is currently operating as a licensed residential care facility. (Not a Sober living/halfway house) This property is leased to a long-term tenant under a 5-year agreement, generating $4,150 per month in rental income ($49,800 annually). With minimal landlord responsibilities, this asset offers a projected CAP rate of approximately 5.4%, making it a solid and stable addition to any investor's portfolio.Key Investment Highlights:" Long-term tenant in place (not owner-occupied)" Licensed and operating residential care facility" Stable $4,150/month lease through 2029 - With lease clause for increase yearly" Professionally managed" Located in Clemente Ranch - a highly sought-after Chandler neighborhood with proximity to A Rated Schools, freeways, medical centers, shopping, and diningThis is not a typical residential listing and is intended for investors seeking steady income with low turnover risk. For serious inquiries lease terms/license documentation available.

CALLING ALL INVESTORS, an exceptional investment opportunity awaits. Investor Only Opportunity | Home is a Licensed Residential Care Facility with Long-Term LeaseProperty located in the highly desirable Clemente Ranch community of Chandler, AZ 85286. This 2,253 sq ft single-family home features 5 bedrooms and 2 bathrooms and is currently operating as a licensed residential care facility. (Not a Sober living/halfway house) This property is leased to a long-term tenant under a 5-year agreement, generating $4,150 per month in rental income ($49,800 annually). With minimal landlord responsibilities, this asset offers a projected CAP rate of approximately 5.4%, making it a solid and stable addition to any investor's portfolio.Key Investment Highlights:" Long-term tenant in place (not owner-occupied)" Licensed and operating residential care facility" Stable $4,150/month lease through 2029 - With lease clause for increase yearly" Professionally managed" Located in Clemente Ranch - a highly sought-after Chandler neighborhood with proximity to A Rated Schools, freeways, medical centers, shopping, and diningThis is not a typical residential listing and is intended for investors seeking steady income with low turnover risk. For serious inquiries lease terms/license documentation available.

  • Neighborhood
  • Type
  • Total Baths
  • County
    Maricopa
  • Area
    Chandler
  • HOA Dues
    $96/mo
  • Tax Amount
    $2,866
  • Status
    Active
  • Listing #
    6854214
  • Built
    2008
  • Lot Size
    0.22
  • Listed on site
    39 days
  • Listing Agent Phone
    520-203-1890
  • Builder Name
    Shea Homes

Listed by:
eXp Realty

mls source logo Listing provided courtesy of Arizona Regional Multiple Listing Service, Inc. (ARMLS)
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Property details

Community Features

  • Has HOA
  • Not Age Restricted

Exterior features

  • Has garage
  • No Pool

Style

  • Ranch / One Story
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Photo of John Harding
John Harding