1135 E Chipman Rd Phoenix, AZ 85040
South Mountain NeighborhoodEstimated payment $26,528/month
Highlights
- Cooling Available
- Carpet
- Heat Pump System
- Phoenix Coding Academy Rated A
About This Home
Also available as five separate offerings!
This allows investors to tailor their purchase to their operational or investment objectives. Each grouping consists of no more than 4 units in 2 separate buildings which opens the door up to additional financing options. Newly constructed in 2023. Minutes from Downtown Phoenix, this high class asset combines high-end finishes, spacious modern floor plans (2BR/2BA and 3BR/2BA), and immediate access to major employment centers, transportation corridors, and urban amenities.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $20,798
Year Built
- Built in 2021
Home Design
- Wood Frame Construction
- Foam Roof
- Stucco
Flooring
- Carpet
- Vinyl
Parking
- 27 Open Parking Spaces
- 45 Parking Spaces
- 18 Covered Spaces
- Over 1 Space Per Unit
- Free Parking
- Paved Parking
Schools
- John F Kennedy Elementary School
- South Mountain High School
Utilities
- Cooling Available
- Heat Pump System
Listing and Financial Details
- Tax Lot 064-B
- Assessor Parcel Number 113-50-160
Community Details
Overview
- 9 Buildings
- 18 Units
- Building Dimensions are 108x505
Building Details
- Operating Expense $20,798
- Gross Income $361,003
- Net Operating Income $259,761
Map
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 |
|---|---|---|---|---|
| 2021 | $1,446 | $20,190 | $20,190 | $0 |
| 2020 | -- | $20,295 | $20,295 | $0 |
| 2019 | -- | $17,460 | $17,460 | $0 |
| 2018 | -- | $15,285 | $15,285 | $0 |
| 2017 | -- | $11,655 | $11,655 | $0 |
| 2016 | -- | $10,950 | $10,950 | $0 |
| 2015 | -- | $9,184 | $9,184 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/02/2025 12/02/25 | For Sale | $4,770,000 | -- | -- |
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6958151
APN: 113-50-169
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
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