CLEMENTE RANCH PARCEL 2
Property • Residential
Web ID # 6854214
$650,000.00
4 Beds • 2 Baths
Property Features
Arizona Regional Multiple Listing Service (ARMLS)
CALLING ALL INVESTORS, an exceptional investment opportunity awaits.
Investor Only Opportunity | Home is a Licensed Residential Care Facility with Long-Term Lease
Property 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 dining
This 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.
South on Dobson - left on S Earl Blvd - left on S Santa Anna St - left on W Lark Dr - Continue on S Salida del Sol - right on W Macaw Dr to Pecan
Dwelling Type: Residential
Subdivision: CLEMENTE RANCH PARCEL 2
Year Built: 2008, County: US
South on Dobson - left on S Earl Blvd - left on S Santa Anna St - left on W Lark Dr - Continue on S Salida del Sol - right on W Macaw Dr to Pecan
Virtual Tour
Listing is courtesy of eXp Realty
