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24
Photos
2406 S PECAN Drive, Chandler, AZ 85286
$650,000 Asking Price
$---/mo Est. Payment Get Prequalified »
4
beds
2
baths
2,285
sqft
Built in
2008
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.
Features & Amenities
Interior
- General:
- Breakfast Bar, 9+ Flat Ceilings, Kitchen Island, Pantry, Double Vanity, Full Bth Master Bdrm, Separate Shwr & Tub, High Speed Internet
- Laundry:
- Wshr/Dry HookUp Only
- Flooring:
- Carpet, Tile
- A/C:
- Central Air
- Heating:
- Natural Gas
- Fireplace:
- None
Exterior
- General:
- None
- Pool:
- None
- Parking:
- Tandem
Construction
- Roofing:
- Tile, Concrete
- General:
- Stucco, Wood Frame, Painted
Location
- HOA Amenities:
- Management, Maintenance Grounds, 290.72, Quarterly
- Originating MLS:
- Arizona Regional Multiple Listing Service 2
- School District:
- Chandler Unified District #80
- County:
- Maricopa
Lot
- Zoning:
- 30335917
- Fencing:
- Block
Utilities
- Water:
- City Water
- Sewer:
- Public Sewer
Financial
- Source:
- Arizona Regional Multiple Listing Service 2
This listing courtesy of:
eXp Realty, Nicole M. Geving-Williams
Monthly Payment
Disabled 10% or more?
Used a VA Loan before?
Eligible for BAH?
Do you have dependents?
Your BAH amount is for the military housing area.
Loan term (number of years)
Property taxes are generally around 1.2% of the home’s value, but may vary based on location.
Annual homeowners insurance is typically 0.35% of the home’s value but can vary based on insurer.
$---
Est. Payment *
- Principal & Interest $--
- Taxes $--
- Insurance $--
- VA Funding Fee $--
$--- Est. Payment - $--- BAH = $--- Remaining
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About Chandler, AZ
Housing
- Number of Units
- 125,138
- Median Home Value
- $341,428
- Median Rent
- $1,215
32.82% of housing units are renter occupied.
5.98% are vacant.
Commute
- Car
-
58.50%
- Public Transportation
-
0.64%
- Walk to Work
-
0.64%
- Work from Home
-
38.78%
- Other
-
0.77%
The median travel time to work is 17 minutes.
People
- Population
- 307,311
- Median Age
- 38.80
- Median Household Size
- 2.85
Education
- High School
-
17.66%
- Associate’s Degree
-
9.53%
- Bachelor’s Degree
-
28.30%
- Graduate Degree
-
16.69%
Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.
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