730 N Chippewa Pl, Chandler, AZ 85224

Description

DON'T MISS OUT! Special LENDER incentives of 1% of purchase price, up to max of $5,000, may be available to help you save on your monthly mortgage payment or keep more money in your pocket at closing. Offered by Seller's preferred lender, ask for more details! RARE CHANDLER FIND! INCOME POTENTIAL, PRIVATE CASITA, KITCHEN REMODEL & NO HOA! Nestled on a cul-de-sac, this versatile 2,553 sq ft home offers an exciting combination of comfortable living, flexible space, and rental income potential! This home is perfect for families looking for room to spread out, multigenerational living, investors looking for a solid cap rate, or homebuyers looking for additional income to make home ownership affordable. The main residence features 3 bedrooms, 2 bathrooms, a versatile bonus room, just remodeled kitchen with quartz countertops and stainless steel appliances, a huge pantry and attractive luxury vinyl plank flooring throughout much of the home.
Above the garage, the 871 sq ft casita features its own private entrance, spacious living area, kitchenette with quartz countertops, breakfast bar, refrigerator + microwave + stovetop, generously sized bedroom with sitting area and walk-in closet, full bathroom, and its own washer and dryer! Most casita furnishings convey at no monetary value, subject to specified Seller exclusions. The casita does not share any walls with the main area of the home for extra privacy.
The home is currently separated into two living units, but Seller is amenable to replacing the door between the two to create one connected living space for a total of 4 bedrooms, 3 full bathrooms, and 2 bonus rooms.
Outside, enjoy a low-maintenance backyard with a covered patio, RV gate and parking pad for toys, and storage shed. A new roof and A/C were installed in the main residence in 2019, while the casita was added in 2021 with its own roof and A/C. Conveniently located near Downtown Chandler, restaurants, shopping, hospitals, and major freeways, this is a property with possibilities galore worth exploring!
HERE'S WHERE IT GETS EXCITING! With a hypothetical 30-year conventional mortgage, 20% down, and an estimated monthly housing payment of $4,000, the casita's previously achieved rental income of $1,850/month could offset that expense to approximately $2,150/month before rental-related costs! Seller has rented the apartment for $1,850/month over the past two years, offering an appealing opportunity for Buyers interested in supplemental income via house hack or multigenerational living. This is a great opportunity to get into property ownership. Actual financing costs and future rental income will vary.