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 $4,150/month lease through 2029 - With lease clause for increase yearly " Professionally managed " Located in Clemente Ranch - a highly sought-after Chandler neighborhood with proximity to A Rated Schools, freeways, medical centers, shopping, and dining This is not a typical residential listing and is intended for investors seeking steady income with low turnover risk. For serious inquiries lease terms/license documentation available.
Property Attributes
MLS#6854214
Type Single Family
CountyMARICOPA
City Chandler
NeighborhoodCLEMENTE RANCH PARCEL 2
Zip85286
StyleResidential
Year Built2008
Taxes$ 2866
Price$ 650,000
Bedrooms 4
Full Bathrooms 2
Half Bathrooms 0
Sqr Footage2285
Lot Size0.22 Acres
Data Source:
Arizona Regional MLS (ARMLSN)
Price History
4/19/2025Listed $650,000
Sewer
Public Sewer
Heating
Natural Gas
Cooling
Central Air
Utilities
SRP
Possession
Close Of Escrow
Roof
Tile,Concrete
HOA Fee
290.72
Garage Spaces
3.0
Association Fee Includes
Maintenance Grounds
Pool Features
None
Construction Materials
Stucco,Wood Frame,Painted
Year Built
2008
Township
2S
Property Subtype
Single Family Residence
Tax Year
2024
Ownership
Fee Simple
Assoc Fee Paid Per
Quarterly
County
Maricopa
New Construction
No
Property Type
Residential
HOA
Yes
Attached Garage
No
Subdivision Name
CLEMENTE RANCH PARCEL 2
Special Listing Conditions
N/A
Status
Active
Directions
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
High School
Hamilton High School
City
Chandler
Disclosures
Agency Discl Req,Other (See Remarks),Seller Discl Avail
Association Name
Clemente Ranch
High School District
Chandler Unified District #80
Open Parking Spaces
0.0
Lot Size Units
Square Feet
Lot Size Square Feet
9609.0
Carport Spaces
0.0
Carport Y/N
No
Spa Features
None
Elementary School
Robert And Danell Tarwater Elementary
Property Attached Y/N
No
Land Lease Y/N
No
Tax Annual Amount
2866.0
Home Warranty Y/N
No
Current Financing
FHA,Non Assumable
Middle/Junior High School
Bogle Junior High School
Property Condition
Complete Spec Home
Lease Renewal Y/N
No
Lease Considered Y/N
No
Rent Control Y/N
No
Builder Name
Shea Homes
Standard Status
Active
Occupancy Type
Tenant
Elementary School District
Chandler Unified District #80
Tax Lot
70
MobileHomeRemainsYN
No
New Financing: Conventional
True
Senior Community
No
New Financing: FHA
True
Ttl Monthly Fee Equiv
96.91
New Financing Cash
True
New Financing: VA
True