NOT LISTED FOR SALE

2759 E Chandler Blvd Chandler, AZ 85225

East Chandler Neighborhood
10 Beds
6 Baths
892 Sq Ft
1951 Built

Last Sold June 15, 2018

Last sale price $475,000 $533 Per Sq Ft

167 Days on Market

Highlights

  • Evaporated cooling system
  • Chandler Traditional Academy-Humphrey Rated A
  • Multiple Heating Units

About This Home

As of June 2018

VALUE-ADD multi family property RIGHT ON CHANDLER BLVD in Chandler. Get cash flow while waiting to develop or improve the units and increase existing cash flow. Lots of potential!

6 Units and 4 mobile home pads. Mobile home pads are individually metered for electric. Super low taxes $1658 for 2017, AG (agricultural) zoned. Great location! Current rents:
$600 for (4) 2BD/1BA * $500 for (2) 1BD/BA * $400 for (4) Mobile Home Pads. Walk into cashflow and loads of potential today on this property.

Last Agent to Sell the Property

Patrick O'Sullivan

Get Multifamily License #BR634211000 Listed on: 10/28/2017

Last Buyer's Agent

Patrick O'Sullivan

Get Multifamily License #BR634211000 Listed on: 10/28/2017

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,658

Year Built

  • Built in 1951

Home Design

  • Composition Roof
  • Foam Roof
  • Block Exterior

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces

Schools

  • Chandler Traditional Academy - Humphrey Elementary School
  • Willis Junior High School
  • Chandler High School

Utilities

  • Evaporated cooling system
  • Multiple cooling system units
  • Cooling System Mounted To A Wall/Window
  • Multiple Heating Units
  • Heating System Uses Natural Gas
  • Master Water Meter
  • Septic Tank

Listing and Financial Details

  • The owner pays for trash collection, water, landscaping
  • Tax Lot Lot
  • Assessor Parcel Number 303-01-011-B

Community Details

Overview

  • 2 Buildings
  • 10 Units
  • Building Dimensions are 100x350 APPROXIMATE not measured
  • Pt Ne4 Ne4 Sec 36 Beg 1056F W Of Ne Cor Sd Sec Th W 258.52F To Nw Cor Ne4 Ne4 Th S 180F E 258.52F To Subdivision

Building Details

  • Operating Expense $25,145
  • Gross Income $55,860
  • Net Operating Income $30,715

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,658

Year Built

Built in 1951

Lot Details

0

Listing Details

  • Cross Street: Chandler Blvd and Gilbert Rd
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: AG
  • Number Of Buildings: 2
  • Year Built: 1951
  • Average Rent Single Wide: 400.0
  • Mobile Home Prk Info Total Number Spaces: 4
  • Tax Year: 2017
  • Directions: West to property on the South side of Chandler Blvd.
  • Road Surface Type: Gravel, Dirt, Private Street
  • Professional Management Expense: 5586.0
  • Subdivision Name: PT NE4 NE4 SEC 36 BEG 1056F W OF NE COR SD SEC TH W 258.52F TO NW COR NE4 NE4 TH S 180F E 258.52F TO
  • Tax Parcel Letter: B
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:BI OvenRange: Yes

Exterior Features

  • Disclosures: None, Other (See Remarks)
  • Construction Type: Painted, Block
  • Roof: Composition, Foam, Rolled/Hot Mop
  • Construction:Block: Yes

Garage/Parking

  • Open Parking Spaces: 6.0
  • Total Parking Spaces: 6.0
  • General Property Description:Uncvrd Parking Spcs: 6.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking:Free: Yes
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

  • Electric: Master Meter, Individual Meter
  • Cooling: 2 or More Units, Individual, Evaporative Cooling, Wall/Window Unit(s)
  • Heating: 2 or More Units, Electric, Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Master Meter
  • Heating:Natural Gas: Yes
  • Heating:Electric: Yes
  • Sewer Septic Tank: Yes
  • Heating:_two_ or More Units3: Yes
  • Electric Master Meter: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Cable TV Available: Yes
  • Community Amenities:No Pool: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Fuel Expense: 1275.0
  • Trash Expense: 3516.0
  • Annual Water Sewer Expense: 921.0

Schools

  • Elementary School: Chandler Traditional Academy - Humphrey
  • High School: Chandler High School
  • Middle Or Junior School: Willis Junior High School

Lot Info

  • Lot Size: 100x350 APPROXIMATE not measured
  • Additional Parcels: No
  • Parcel #: 303-01-011-B

Multi Family

  • Owner Pays: Trash Collection, Water, Landscaping
  • Number Of Units Total: 10
  • Electric Expense: 4807.0
  • Annual Gross Income: 55860.0
  • Insurance Expense: 2144.0
  • Maintenance Expense: 3000.0
  • Property Net Operating Income: 30715.0
  • Annual Operating Expense: 25145.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1658.0
  • Tax Book Number: 303.00
  • Tax Lot: Lot

Range of Values:

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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 Change Sq Ft Price
06/15/2018 06/15/18 Sold $475,000 -5.0% $533 / Sq Ft
06/01/2018 06/01/18 Price Changed $500,000 0.0% $561 / Sq Ft
05/16/2018 05/16/18 Price Changed $500,000 0.0% $561 / Sq Ft
04/13/2018 04/13/18 Pending -- -- --
03/09/2018 03/09/18 Price Changed $500,000 +11.1% $561 / Sq Ft
03/08/2018 03/08/18 Price Changed $450,000 -10.0% $504 / Sq Ft
02/16/2018 02/16/18 Price Changed $500,000 +11.1% $561 / Sq Ft
12/12/2017 12/12/17 Price Changed $450,000 -5.3% $504 / Sq Ft
11/16/2017 11/16/17 Price Changed $475,000 -4.0% $533 / Sq Ft
10/28/2017 10/28/17 For Sale $495,000 -- $555 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Patrick O'Sullivan

    Seller's Agent in 2018

    Patrick O'Sullivan

    Get Multifamily

    (602) 842-5050

    29 Total Sales

    Patrick O'Sullivan
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5680492

Arizona Regional Multiple Listing Service (ARMLS)
Arizona Maricopa County Chandler 85225 East Chandler

2759 E Chandler Blvd, Chandler, AZ

This home is located at 2759 E Chandler Blvd, Chandler, AZ 85225 since 28 October 2017. This property was built in 1951. 2759 E Chandler Blvd is a home located in Maricopa County with nearby schools including Chandler Traditional Academy-Humphrey, Willis Junior High School, and Imagine West Gilbert Elementary School.

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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