NOT LISTED FOR SALE
10 Beds
6 Baths
-- Sq Ft
1967 Built

Last Sold May 10, 2024

Last sale price $1,260,000

140 Days on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • Ceramic Tile Flooring
  • Heating System Uses Natural Gas
  • Bogle Junior High School Rated A

About This Home

As of May 2024

This upgraded 6-unit property is located in the heart of Chandler and walkable to all downtown amenities. Upgrades include but aren't limited to new flooring, cabinetry, countertops, bathroom vanities, & shower tiles. With a healthy unit mix of majority 2-bed/1-baths, private backyards, on-site laundry, and on-site parking, this property has a lot to offer in the booming east valley submarket. Tenants are on annual leases at high market rents. Close proximity to Chandler Fashion Center and Loops 101 & 202.

Last Agent to Sell the Property

Colin Kreager

ABI Multifamily License #SA693849000 Listed on: 11/13/2023

Last Buyer's Agent

Brandon Dufour

West USA Realty License #SA661262000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,667

Year Built

  • Built in 1967

Home Design

  • Brick Exterior Construction
  • Composition Roof

Flooring

  • Ceramic Tile Flooring

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces
  • Over 1 Space Per Unit

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Natural Gas

Listing and Financial Details

  • The owner pays for trash collection, water, sewer
  • Tax Lot 913
  • Assessor Parcel Number 303-09-107

Community Details

Overview

  • 6 Units
  • Building Dimensions are Rectangular

Building Details

  • Operating Expense $9,367
  • Gross Income $98,136
  • Net Operating Income $83,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,667

Year Built

Built in 1967

Lot Details

0

Listing Details

  • Cross Street: Arizona Ave & Frye Rd
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: C-2
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1967
  • Tax Year: 2022
  • Directions: Loop 202 freeway to Arizona Ave exit, heading northward. Turn west off of Arizona Ave onto Frye Rd. Located on NE corner of Frye Rd & Oregon St.
  • Road Surface Type: Asphalt
  • Construction Brick: Yes
  • Roofing:Composition: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: Free-Standing Range, Refrigerator
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: None, Seller Prop Disc Stm
  • Construction Type: Painted, Brick
  • Roof: Composition

Garage/Parking

  • Parking Features: >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 8.0
  • Total Parking Spaces: 8.0
  • General Property Description:Uncvrd Parking Spcs: 8.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking Features >1 Space Per Unit: Yes

Utilities

  • Electric: APS
  • Cooling: Window/Wall Unit, Electric
  • Heating: Electric, Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Desert Landscaping: Yes

Fee Information

  • Trash Expense: 3500.0
  • Annual Water Sewer Expense: 1500.0

Schools

  • Junior High Dist: Chandler Unified District

Lot Info

  • Lot Size: Rectangular
  • Additional Parcels: No
  • Parcel #: 303-09-107

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 6
  • Annual Gross Income: 98136.0
  • Insurance Expense: 2700.0
  • Property Net Operating Income: 83000.0
  • Annual Operating Expense: 9367.0
  • Vacancy Allowance Rate: 0.06

Tax Info

  • Tax Annual Amount: 1667.0
  • Tax Book Number: 303.00
  • Tax Lot: 913

Range of Values:

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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 Change Sq Ft Price
05/10/2024 05/10/24 Sold $1,260,000 -6.7% --
02/06/2024 02/06/24 Price Changed $1,350,000 -3.6% --
11/13/2023 11/13/23 For Sale $1,400,000 +324.2% --
06/30/2015 06/30/15 Sold $330,000 -5.7% --
05/06/2015 05/06/15 Pending -- -- --
02/10/2015 02/10/15 For Sale $350,000 -- --
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: 6630094

Arizona Regional Multiple Listing Service (ARMLS)