$4,770,000

1135 E Chipman Rd Phoenix, AZ 85040

South Mountain Neighborhood

Estimated payment $26,800/month

-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

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.

Listing Agent

Colt Siler

Orion Investment Real Estate License #SA691810000 Listed on: 12/02/2025

Co-Listing Agent

Garrett Hemeyer

Orion Investment Real Estate License #SA684184000

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$20,798

Year Built

Built in 2021

Lot Details

0

Listing Details

  • Cross Street: 11th Street & Roeser Road
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 9
  • Ownership: Fee Simple
  • Year Built: 2021
  • Tax Year: 2025
  • Co List Office Mls Id: mlso106
  • Co List Office Phone: 480-634-6934
  • Construction:Wood Frame: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Vinyl
  • Appliances: Free-Standing Range, Disposal, Dishwasher, Refrigerator, Microwave, Washer/Dryer
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Wood Frame, Painted, Stucco
  • Roof: Foam

Garage/Parking

  • Total Covered Spaces: 18.0
  • Parking Features: Paved, Free, >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 27.0
  • Total Parking Spaces: 45.0
  • General Property Description:Covered Parking Spcs: 18.0
  • General Property Description:Uncvrd Parking Spcs: 27.0
  • General Property Description:Total Parking Spcs: 45.0
  • Parking Features Free2: Yes
  • Parking Features >1 Space Per Unit: Yes
  • Parking Features:Paved2: Yes

Utilities

  • Electric: SRP, Individual Meter
  • Cooling: Electric, Heat Pump
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Individual Meter, City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Exterior Amenities:Desert Landscaping: Yes

Schools

  • Elementary School: John F Kennedy Elementary School
  • High School: South Mountain High School
  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 108x505
  • Additional Parcels: No
  • Parcel #: 113-50-160

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Number Of Units Total: 18
  • Annual Gross Income: 361003.37
  • Property Net Operating Income: 259761.0
  • Annual Operating Expense: 20798.0
  • Vacancy Allowance Rate: 0.09

Tax Info

  • Tax Annual Amount: 20798.0
  • Tax Book Number: 113.00
  • Tax Lot: 064-B

Map

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

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 -- -- -- --
2024 -- $75 $75 --
2023 -- $75 $75 --
2022 $0 $75 $75 $0
Source: Public Records

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)

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6958151

Arizona Regional Multiple Listing Service (ARMLS)

APN: 113-50-169

Arizona Maricopa County Phoenix 85040 South Mountain

1135 E Chipman Rd, Phoenix, AZ

For Sale

MultiFamily

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.

Arizona Regional Multiple Listing Service (ARMLS) 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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Colt Siler
Listing Agent
Colt Siler
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Orion Investment Real Estate
(480) 355-2222