111 S CHOLLA Street, Gilbert, AZ 85233, Gilbert, 85233 - 4 bed, 4 bath
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Gilbert, AZ 85233
This Turn-Key Income-Producing Residence is listed at $699,000, positioned below the $708,525 Fair Market Value by 1%. This valuation gap offers $9,525 in Instant Equity. Boasting an Excellent Condition Rating, the property features a comprehensive top-to-bottom renovation, including a modern kitchen and wood-look tile flooring. The oversized lot includes a sparkling pool with slide and a rare fourth outdoor bathroom, perfectly supporting its current success as a high-occupancy short-term rental near Downtown Gilbert. This asset is ideal for Short-Term Rental Investors or Owner-Occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 111 S CHOLLA Street Subject | $699,000* List Price | 4 | 4 | 1,849 | $383 | - |
A 417 S BONITO Drive Sold | $630,000 | 4 | 2 | 1,642 | $384 | 0.4 mi |
B 545 S ASH Street Sold | $535,000 | 3 | 2 | 1,479 | $362 | 0.6 mi |
C 380 W SMOKE TREE Road Sold | $581,000 List Price | 4 | 2 | 1,642 | 0.3 mi | |
D 1042 W BRUCE Avenue Sold | $669,990 | 4 | 3 | 2,118 | $316 | 0.9 mi |
E 1053 W WASHINGTON Avenue Sold | $532,000 | 3 | 2 | 1,868 | $285 | 0.9 mi |
F 240 W BROOKS Street Active | $599,000 List Price | 4 | 2 | 1,903 | $315 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1974, the property has undergone a comprehensive top-to-bottom renovation within the last 5 years. The interior features modern wood-look tile flooring, a fully updated kitchen with contemporary flat-panel cabinetry, quartz countertops, and stainless steel appliances. The bathrooms have been completely remodeled with new vanities, modern fixtures, and designer tile work. With new paint, doors, trim, and a brand-new pool pump, the home meets current quality standards with no visible deferred maintenance.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8780, living area = 1849.
The property is a successfully operating short-term rental with proven occupancy and the option to purchase fully furnished, offering immediate cash flow for investors.
Completely updated from top to bottom, the home features new tile flooring, a remodeled kitchen, updated bathrooms, and a refreshed pool area with a brand-new pump.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
Built in 1974, the home may have older underlying infrastructure or systems that could require more maintenance compared to newer constructions in the area.
The assigned public schools for this location currently hold lower ratings (4/10), which may be a drawback for families prioritizing top-tier educational performance.
Stylish, Turn-Key Home with Income Opportunity!! Located on Quiet Cul-de-sac, Minutes from Downtown Gilbert. Completely Renovated Top to Bottom with New Tile Flooring throughout & Fresh Interior Paint - including Doors, Trim & Ceilings. Spacious & Open Kitchen with Updated Cabinetry, Countertops with Seating, Sink, Hardware, Light Fixtures & Pantry + Additional Eating Area & Sliding Glass Door to Covered Patio. Updated Living Area with Fireplace + Large Laundry Room with Storage & Additional Exit to Backyard & Pool. Bedrooms feature New Doors & Closets. 3 Bathrooms inside with New Vanities, Fixtures, Tubs/Showers & 4th Outdoor Bathroom, accessible from the Back Patio/Pool. Huge Yard with Sparkling Pool & Slide, Brand New Pool Pump, New Landscaping & Multiple Sitting Areas - Perfect for Sunbathing, Fire Pit & Grilling. Successfully Operating as a Short-Term Rental with Strong Occupancy & Consistent Bookings. Seller is Willing to Transfer All Future Reservations - Offering Immediate Income Potential & Seamless Setup for Investors looking for a Turn-Key Rental. Option to Purchase Fully Furnished, including ALL items needed to continue operating, or Move in & Enjoy as Your Own!
No exterior & parking available.
Grades PK-6 • 0.3 mi
Grades 6-8 • 0.2 mi
Grades 8-12 • 1.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 4.0 | 2.0 | 97% |
| Square foot | 1,849 | 1,952.5 | 43% |
| Lot Size | 8,780 | 7,148.5 | 81% |
| Price | $699.0K | $446.0K | 89% |
| Price per sq ft | $378 | $233 | 97% |
| Built year | 1974 | 1994 | 1% |
| HOA | $0 | $101 | 11% |
| Days on market | 22 | 2273 | 1% |
Mar 31, 2026
$699,000
Initial Listing