142 W IVANHOE Place, Chandler, AZ 85225

Huge Price Improvement! Long term tenant in place paying $5500/mo until December 2024 and will renew for minimum 12-18 month extension. Calling all investors! Behavioral Group Home licensed up to 5 residents in Chandler AZ with long term tenant in place (Real Estate Only) – priced at over a 10% cap rate! Perfect investment opportunity or 1031 exchange opportunity to purchase a highly profitable and extremely easy rental income property with a long term tenant in place. Property can be increased in size and zoned for 10 with addition and fire sprinklers. The tenant has been running his business in the home since 2020. Tenant pays rent on time every month. Complete rental history available including all operating expenses. Low overhead and easy rental income property.