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Image 1 - 142 W Ivanhoe Pl, Chandler, Arizona, 85225 - House for sale
Image 2 - 142 W Ivanhoe Pl, Chandler, Arizona, 85225 - House for sale
Image 3 - 142 W Ivanhoe Pl, Chandler, Arizona, 85225 - House for sale
Image 4 - 142 W Ivanhoe Pl, Chandler, Arizona, 85225 - House for sale
Image 5 - 142 W Ivanhoe Pl, Chandler, Arizona, 85225 - House for sale
Image 6 - 142 W Ivanhoe Pl, Chandler, Arizona, 85225 - House for sale
Image 7 - 142 W Ivanhoe Pl, Chandler, Arizona, 85225 - House for sale
Image 8 - 142 W Ivanhoe Pl, Chandler, Arizona, 85225 - House for sale
Image 9 - 142 W Ivanhoe Pl, Chandler, Arizona, 85225 - House for sale
Home For Sale In Chandler, Arizona
142 W Ivanhoe Pl, Chandler, Arizona, 85225

Home For Sale In Chandler, Arizona

house for sale
Listed: 05/31/24

142 W Ivanhoe Pl, Chandler, Arizona, 85225

3 Bed:
2 Bath:
1,619 Sq Ft Living Area:
Save
Price
$ 750,000
Price:  Increased

About This House

Calling all investors! Tenant in place paying $5500/mo and priced at an 8% cap rate! Perfect investment opportunity to purchase a highly profitable and extremely easy rental income property with a long term tenant in place. Property is licensed as a behavioral group home for up to 5 residents with the city of Chandler. Property can be increased in size and zoned for 10. The tenant has been running his business in the home since 2020. Current lease agreement through December1, 2024,at a monthly rate of $5500 per month. The monthly expenses for the property are approximately $425/month including taxes and insurance. This also includes $142/mo for solar - Home was remodeled in 2018. Please do not disturb tenants - offer with proof of funds to be submitted prior to show.

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Chandler Housing & Living

Average sale prices for houses

2 bed
3 bed
4+ bed
Show as List Show as Graph
In May 2024, the asking price for 3 bed houses for sale in/near Chandler, United States averaged $560,006, an increase of 1.6% from the previous month.
Median price trends for properties for sale in Chandler, United States as of May 2024.

Household Income

Median household income: $77,278
Number of households: 87,286
The average household income in Chandler, AZ grew from $74,329 to $77,278 in the past year. This data is an estimate based upon 87,286 households in Chandler, AZ.
The chart below presents how household income is distributed in Chandler, AZ in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $800-$1,500
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Chandler, AZ compared to median property taxes around the country. The prevalent amount of property taxes in Chandler, AZ equals $800-$1,500 , which is more than the national average.