2406 S Pecan Dr Chandler, AZ 85286
Clemente Ranch NeighborhoodEstimated payment $3,964/month
Total Views
2,465
4
Beds
2
Baths
2,285
Sq Ft
$284
Price per Sq Ft
Highlights
- Popular Property
- 0.22 Acre Lot
- Dual Vanity Sinks in Primary Bathroom
- Robert and Danell Tarwater Elementary School Rated A
- Tandem Parking
- Cooling Available
About This Home
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.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $2,866
Year Built
- Built in 2008
Lot Details
- 9,609 Sq Ft Lot
- Desert faces the front of the property
- Block Wall Fence
- Front and Back Yard Sprinklers
- Sprinklers on Timer
HOA Fees
- $97 Monthly HOA Fees
Parking
- 3 Car Garage
- Tandem Parking
Home Design
- Wood Frame Construction
- Tile Roof
- Concrete Roof
- Stucco
Interior Spaces
- 2,285 Sq Ft Home
- 1-Story Property
- Ceiling height of 9 feet or more
- Washer and Dryer Hookup
Kitchen
- Breakfast Bar
- Kitchen Island
Flooring
- Carpet
- Tile
Bedrooms and Bathrooms
- 4 Bedrooms
- Primary Bathroom is a Full Bathroom
- 2 Bathrooms
- Dual Vanity Sinks in Primary Bathroom
- Bathtub With Separate Shower Stall
Schools
- Robert And Danell Tarwater Elementary School
- Bogle Junior High School
- Hamilton High School
Utilities
- Cooling Available
- Heating System Uses Natural Gas
- High Speed Internet
- Cable TV Available
Community Details
- Association fees include ground maintenance
- Trestle Mgm Association, Phone Number (480) 422-0888
- Built by Shea Homes
- Clemente Ranch Parcel 2 Subdivision, Chagall Floorplan
Listing and Financial Details
- Tax Lot 70
- Assessor Parcel Number 303-35-917
Map
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $2,866 | $37,303 | -- | -- |
| 2024 | $2,807 | $35,526 | -- | -- |
| 2023 | $2,807 | $49,620 | $9,920 | $39,700 |
| 2022 | $2,708 | $37,430 | $7,480 | $29,950 |
| 2021 | $2,838 | $36,060 | $7,210 | $28,850 |
| 2020 | $2,826 | $32,850 | $6,570 | $26,280 |
| 2019 | $2,718 | $30,720 | $6,140 | $24,580 |
| 2018 | $2,631 | $30,080 | $6,010 | $24,070 |
| 2017 | $2,453 | $28,310 | $5,660 | $22,650 |
| 2016 | $2,363 | $29,010 | $5,800 | $23,210 |
| 2015 | $2,290 | $26,910 | $5,380 | $21,530 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/19/2025 04/19/25 | For Sale | $650,000 | -- | $284 / Sq Ft |
Source: Arizona Regional Multiple Listing Service (ARMLS)
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $316,208 | First American Title Ins Co | |
| Warranty Deed | -- | First American Title Ins Co |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $338,400 | New Conventional | |
| Closed | $294,830 | FHA | |
| Closed | $312,088 | FHA |
Source: Public Records
Similar Homes in the area
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6854214
APN: 303-35-917
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393
Nearby Homes
- 2448 S Salida Del Sol
- 2468 S Salida Del Sol
- 2390 S Walnut Dr
- 1940 W Oriole Way
- 1782 W Oriole Way
- 1677 W Seagull Ct
- 1584 W Lark Dr
- 1708 W Seagull Ct
- 1783 W Homestead Dr
- 2640 S Los Altos Dr
- 1613 W Sparrow Dr
- 2781 S Santa Anna St
- 1893 W Canary Way
- 1471 W Canary Way
- 1473 W Flamingo Dr
- 2081 W Musket Place
- 1890 W Wisteria Dr
- 1314 W Kingbird Dr
- 2072 S Navajo Ct
- 1821 S Brentwood Place