1745 E CHEYENNE Street, Gilbert, AZ 85296, Gilbert, 85296 - 2 bed, 2 bath
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Gilbert, AZ 85296
This Income-Generating Residential Asset represents a Prime Investment Opportunity with a List Price of $375,000—positioned well below the $440,026 Fair Market Value by 14%. This valuation gap secures $65,026 in Instant Equity, outperforming recent local comparable sales. In Fair Condition with original finishes, the home offers a Large Covered Patio and corner lot. A lease through 2026 provides immediate stability near San Tan Village and Greenfield Junior High. This is an ideal acquisition for Buy-and-Hold Investors or Portfolio Managers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1745 E CHEYENNE Street Subject | $375,000* List Price | 2 | 2 | 1,034 | $426 | - |
A 1675 E ROBIN Lane Sold | $445,000 | 3 | 2 | 1,226 | $363 | 0.3 mi |
B 1434 E Comstock Drive Sold | $410,000 | 3 | 2 | 1,283 | $320 | 0.4 mi |
C 2085 E SMOKE TREE Road Active Under Contract | $460,000 List Price | 3 | 2 | 1,393 | $330 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1998, this property is approximately 26 years old and retains most of its original features, including 90s-style oak cabinetry in the kitchen and bathrooms, fluorescent box lighting, and standard laminate/cultured marble countertops. While the listing mentions it is freshly painted and shows some updated appliances (stainless dishwasher), the core components like the kitchen and bathrooms have not undergone a full modern renovation. It is well-maintained and move-in ready for an investor, but the overall style and age of the major systems and finishes align with the 'fair' condition category.
Ideally situated minutes from downtown Gilbert and San Tan Village with rapid access to US-60 and major loops, ensuring high desirability and convenience.
The property features a long-term lease in place until November 2026 with a tenant who wishes to stay, providing immediate and stable cash flow for investors.
Positioned on a spacious corner lot, the home offers a large private backyard, fenced side yards, and a covered patio, providing more outdoor utility than typical for this size.
The requirement to honor the existing lease until late 2026 makes this property unsuitable for owner-occupants looking for an immediate primary residence.
At 1,034 square feet, the interior living space is relatively compact, which may limit appeal for buyers or tenants requiring more expansive indoor areas.
Gilbert Gem - 2 bedrms + office/den that is freshly painted waiting for a lucky new investor! Located on a corner lot w/ a large private yard & spacious side yards. Highly desired Gilbert neighborhood, all single level homes w/ space between you & your neighbor. Open den has direct access to the garage-perfect set up for a home office. The oversized backyard has plenty of space including a fenced in side yard & a large covered patio. Minutes to downtown Gilbert w/ restaurants, entertainment & shopping. Close to city parks & San Tan Village. Easy commute around town! Quick access to US-60, I-10, Loop 101 & 202. Hurry & add this home to your investment portfolio before it's gone. Lease in place until November 2026. Lease must be honored. Tenant would like to stay for many years.
No exterior & parking available.
Grades K-6 • 0.6 mi
Grades 7-8 • 0.9 mi
Grades 8-12 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 4.0 | 1% |
| Baths | 2.0 | 3.0 | 43% |
| Square foot | 1,034 | 2,089 | 1% |
| Lot Size | 6,691 | 6,756 | 50% |
| Price | $375.0K | $445.0K | 41% |
| Price per sq ft | $363 | $232 | 94% |
| Built year | 1998 | 2001 | 42% |
| HOA | $160 | $140 | 62% |
| Days on market | 70 | 2528 | 1% |
Feb 12, 2026
$375,000
Initial Listing