2406 S PECAN Drive, Chandler, AZ 85286
$650,000
Property Type:
Residential
Bedrooms:
4
Baths:
2
Square Footage:
2,285
Lot Size (sq. ft.):
9,609
Status:
Active
Current Price:
$650,000
Last Modified:
7/16/2025
Description
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)
Supplements: 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.
More Information MLS# 6854214
Contract Information
List Price: $650,000
Status: Active
Current Price: $650,000
List Date: 2025-04-19
Type: Exclusive Right To Sell
Ownership: Fee Simple
Co-Ownership (Fractional) Agreement YN: No
Location Tax Legal
House Number: 2406
Compass: S
Street Name: PECAN
St Suffix: Drive
City/Town Code: Chandler
State/Province: AZ
Zip Code: 85286
Zip4: 7406
County Code: Maricopa
Assessor Number: 303-35-917
Subdivision: CLEMENTE RANCH PARCEL 2
Tax Year: 2024
General Property Description
Dwelling Type: Single Family Residence
Dwelling Styles: Detached
Exterior Stories: 1
# of Interior Levels: 1
# Bedrooms: 4
# Bathrooms: 2
Approx SQFT: 2285
Price/SqFt: 284.46
Horses: N
Model: CHAGALL
Builder Name: Shea Homes
Year Built: 2008
Approx Lot SqFt: 9609
Approx Lot Acres: 0.221
Community Pool Y/N: No
Private Pool Y/N: No
Elementary School District: Chandler Unified District #80
High School District: Chandler Unified District #80
Elementary School: Robert And Danell Tarwater Elementary
Jr. High School: Bogle Junior High School
High School: Hamilton High School
Remarks Misc
Cross Street: DOBSON & GERMANN
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
Geo Lat: 33.270082
Geo Lon: -111.874515
Legal Info
Township: 2S
Range: 5E
Section: 8
Lot Number: 70
Basement
Basement Y/N: N
Parking Spaces
Garage Spaces: 3
Total Covered Spaces: 3
Showing Notification Methods
Showing Service: Aligned Showings
Property Features
Special Listing Cond: N/A
Master Bathroom: Full Bth Master Bdrm; Separate Shwr & Tub; Double Vanity
Additional Bedroom: Master Bedroom Walk-in Closet
Fireplace Features: No Fireplace
Flooring: Carpet; Tile
Private Pool Features: No Pool
Spa: None
Dining Area: Formal; Breakfast Bar; Dining in LR/GR; Breakfast Room
Kitchen Features: Disposal; Dishwasher; Pantry; Kitchen Island
Laundry: Wshr/Dry HookUp Only; Inside
Other Rooms: Great Room
Features: 9+ Flat Ceilings
Technology: Cable TV Avail; High Speed Internet; Ntwrk Wrng Multi Rms
Exterior Features: Covered Patio(s); Patio
Parking Features: Tandem Garage
Construction: Wood Frame
Const - Finish: Painted; Stucco
Construction Status: Complete Spec Home
Roofing: Tile; Concrete
Cooling: Central Air
Heating: Natural Gas
Utilities: SRP; SW Gas
Water Source: City Water
Sewer: Sewer - Public
Services: City Services
Fencing: Block
Property Description: North/South Exposure
Landscaping: Gravel/Stone Front; Gravel/Stone Back; Desert Front; Yrd Wtring Sys Front; Yrd Wtring Sys Back; Auto Timer H2O Front; Auto Timer H2O Back
Showing Notification Methods: Text; Email
Lockbox Type: Supra
Possession: Close of Escrow
Association Fee Incl: Common Area Maint
Existing 1st Loan: FHA
Existing 1st Ln Trms: Non Assumable
New Financing: Cash; VA; FHA; Conventional
Disclosures: Seller Discl Avail; Agency Discl Req; Other (See Remarks)
Listing Office: eXp Realty
Last Updated: July - 16 - 2025
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