NOT LISTED FOR SALE
6 Beds
-- Bath
1,850 Sq Ft
1966 Built

Last Sold September 09, 2024

Last sale price $2,675,000 $1,446 Per Sq Ft

227 Days on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • Ceramic Tile Flooring
  • Window Unit Heating System
  • Chandler High School Rated A-

About This Home

As of September 2024

Well kept investment property located near Downtown Chandler. All units are currently tenant occupied. All tenants are on a month to month lease. Sold As Is. No CarryBack

Last Agent to Sell the Property

Alma Magana

DeLex Realty License #SA582641000 Listed on: 11/30/2023

DeLex Realty

Last Buyer's Agent

Jackson Everhart

Orion Investment Real Estate License #SA689433000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,358

Year Built

  • Built in 1966

Home Design

  • Composition Roof
  • Foam Roof
  • Block Exterior

Parking

  • 21 Open Parking Spaces
  • 21 Parking Spaces

Utilities

  • Cooling System Mounted To A Wall/Window
  • Window Unit Heating System

Additional Features

  • Ceramic Tile Flooring
  • Additional Parcels

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for gas, electricity, trash collection, water, sewer
  • Tax Lot 25
  • Assessor Parcel Number 302-73-025-A

Community Details

Overview

  • 2 Buildings
  • 21 Units
  • Building Dimensions are 13113
  • Olsen Addition Subdivision

Building Details

  • Operating Expense $25,158
  • Gross Income $210,600
  • Net Operating Income $185,442

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,358

Year Built

Built in 1966

Lot Details

0

Listing Details

  • Cross Street: Ray Rd and Arizona Ave Di
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: mf-2
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1966
  • Tax Year: 2023
  • Road Surface Type: Gravel, Concrete
  • Subdivision Name: OLSEN ADDITION
  • Tax Parcel Letter: A
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: F/S Oven/Range
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Block
  • Roof: Composition, Foam
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: 1 Space/Unit
  • Attached Garage: No
  • Open Parking Spaces: 21.0
  • Total Parking Spaces: 21.0
  • General Property Description:Uncvrd Parking Spcs: 21.0
  • General Property Description:Total Parking Spcs: 21.0
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: SRP
  • Cooling: Wall/Window Unit(s)
  • Heating: Window/Wall Unit(s)
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:WindowWall Unit(s): Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Green Landscaping: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Community Amenities:No Pool: Yes

Fee Information

  • Annual Fuel Expense: 4100.0
  • Trash Expense: 4700.0
  • Annual Water Sewer Expense: 4300.0

Schools

  • Junior High Dist: Chandler Unified District

Lot Info

  • Lot Size: 13113
  • Additional Parcels: Yes
  • Parcel #: 302-73-025-A

Multi Family

  • Owner Pays: Gas, Electricity, Trash Collection, Water, Sewer
  • Tenant Pays: Electricity
  • Number Of Units Total: 21
  • Electric Expense: 1100.0
  • Annual Gross Income: 210600.0
  • Insurance Expense: 4300.0
  • Property Net Operating Income: 185442.0
  • Annual Operating Expense: 25158.0

Tax Info

  • Tax Annual Amount: 5358.0
  • Tax Book Number: 302.00
  • Tax Lot: 25

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/09/2024 09/09/24 Sold $2,675,000 -10.8% $1,446 / Sq Ft
08/16/2024 08/16/24 Price Changed $2,999,999 0.0% $1,622 / Sq Ft
07/17/2024 07/17/24 Price Changed $2,999,999 0.0% $1,622 / Sq Ft
07/17/2024 07/17/24 For Sale $2,999,999 0.0% $1,622 / Sq Ft
07/15/2024 07/15/24 Pending -- -- --
05/16/2024 05/16/24 Pending -- -- --
11/30/2023 11/30/23 For Sale $2,999,999 -- $1,622 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6635709

Arizona Regional Multiple Listing Service (ARMLS)