UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 2,285 sqft
Price per Sqft $284
Subdivision Clemente Ranch Parcel 2
MLS Listing ID 6854214
Bedrooms 4
HOA Fees $290/qua
HOA Y/N Yes
Originating Board Arizona Regional Multiple Listing Service (ARMLS)
Year Built 2008
Annual Tax Amount $2,866
Tax Year 2024
Lot Size 9,609 Sqft
Acres 0.22
Property Sub-Type Single Family Residence
Property Description
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.
Location
State AZ
County Maricopa
Community Clemente Ranch Parcel 2
Direction 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
Rooms
Other Rooms Great Room
Den/Bedroom Plus 4
Separate Den/Office N
Interior
Interior Features Breakfast Bar, 9+ Flat Ceilings, Kitchen Island, Pantry, Double Vanity, Full Bth Master Bdrm, Separate Shwr & Tub, High Speed Internet
Heating Natural Gas
Cooling Central Air
Flooring Carpet, Tile
Fireplaces Type None
Fireplace No
SPA None
Laundry Wshr/Dry HookUp Only
Exterior
Parking Features Tandem
Garage Spaces 3.0
Garage Description 3.0
Fence Block
Pool None
Amenities Available Management
Roof Type Tile,Concrete
Porch Covered Patio(s), Patio
Private Pool No
Building
Lot Description Sprinklers In Rear, Sprinklers In Front, Desert Front, Gravel/Stone Front, Gravel/Stone Back, Auto Timer H2O Front, Auto Timer H2O Back
Story 1
Builder Name Shea Homes
Sewer Public Sewer
Water City Water
New Construction No
Schools
Elementary Schools Robert And Danell Tarwater Elementary
Middle Schools Bogle Junior High School
High Schools Hamilton High School
School District Chandler Unified District #80
Others
HOA Name Clemente Ranch
HOA Fee Include Maintenance Grounds
Senior Community No
Tax ID 303-35-917
Ownership Fee Simple
Acceptable Financing Cash, Conventional, FHA, VA Loan
Horse Property N
Listing Terms Cash, Conventional, FHA, VA Loan
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