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1885 Chestnut Ave
Off-Market Call for Pricing
Call for Pricing
- Unknown Bedrooms
- Unknown Bathrooms
- Unknown Sq Ft
- 7,487 Sq Ft
Description
Amazing prime investment opportunity at 1885 Chestnut Ave, located in an OPPORTUNITY ZONE. Well-maintained in a high demand rental area. This 7-unit plus 1 non-conforming remodeled unit complex has excellent unit mixes of (2) 3 bedrooms/1 bathroom, (5) 2 bedrooms/1 bathroom, and (1) 1 bedroom/1 bathroom. Four (4) units have been tastefully remodeled to go along with a brand NEW roof and brand new water heater. Has great potential rental upside, while Cap Rate on current rents is at 7.60% and 8.8 GRM. There’s 4 individual garages, laundry room, & spacious courtyard.
Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $1,899,000 |
| Property Type | Condo/Co-Op |
| Usable Sqft | Unknown |
| Number of Stories | 2 stories |
| Parking Spots | 4 spots |
| Year Built | 1944 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| HOA Fees: | $0 |
| Association Name: | Unknown |
| Association Amenities: | Unknown |
| APN # | 7209028007 |
| MLS # | PW25018988 |
| Property ID | 321220461 |
| Lot Sqft | 7,487 |
| Zoning | LBR2N |
| Total Units | 8 |
| Days on Market | 342 |
| Original List Price | $1,950,000 |
| Applicances | Gas Range% |
| Date Updated | May 29, 2025 |
| Date Created | January 23, 2025 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | $7 | $0 |
| Net Income (Yr) | $ 124,690 |
| Cap Rate | 6.4% |
Listing Provided By
Branden Chhuor an agent of . Lic #01948722
© 2025 CRMLS. All rights reserved. Some listings on this website are from CRMLS as of May 29, 2025 The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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- America/Phoenix
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Robert Crawford
REAL ESTATE AGENT