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Z. Otto B.
  • Rental Property Investor
  • Indiana
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$111,000 per unit in Chandler AZ?

Z. Otto B.
  • Rental Property Investor
  • Indiana
Posted Nov 26 2018, 18:02

Just saw a deal close brokered by CBRE in Chandler AZ:

$1.7m for 16 units, or $111k / unit. The buyer is planning a re-position / value add strategy so it's not currently in Class A condition.

Is this the going rate in Chandler AZ right now for a value add deal? For anyone there local or familiar with the market, just curious. 

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