NOT LISTED FOR SALE
1 Bed
1 Bath
500 Sq Ft
0.34 Acres

Last Sold June 22, 2022

Last sale price $2,015,000 $4,030 Per Sq Ft

6 Days on Market

Highlights

  • Cooling Available
  • Ceiling Fan
  • Heating Available
  • Chandler High School Rated A-

About This Home

As of June 2022

12 - Units All Units have mini split A/C units. Master metered for all utilities . Zoned C3 All facts and figures are approximate buyer verify MLS information.

Last Agent to Sell the Property

Daphne Coleman

HomeSmart License #SA654472000 Listed on: 04/25/2022

HomeSmart

Co-Listed By

Rex Coleman

HomeSmart License #SA644876000

Last Buyer's Agent

Jackson Everhart

Orion Investment Real Estate License #SA689433000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,856

Year Built

  • Built in 1948

Lot Details

  • 0.34

Home Design

  • Built-Up Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • Ceiling Fan

Parking

  • 16 Open Parking Spaces
  • 16 Parking Spaces

Schools

  • Hartford Sylvia Encinas Elementary School
  • John M Andersen Jr High Middle School
  • Chandler High School

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer
  • Assessor Parcel Number 302-59-117

Community Details

Overview

  • 3 Buildings
  • 12 Units
  • Building Dimensions are 14941

Building Details

  • Operating Expense $60,771
  • Gross Income $127,430
  • Net Operating Income $64,022

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,856

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Cross Street: Arizona Ave & Chandler Blvd
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: C-3
  • Number Of Buildings: 3
  • Year Built: 1948
  • Tax Year: 2021
  • Directions: Arizona Ave to Oakland Street, property is on the SW corner
  • Road Surface Type: Asphalt
  • Professional Management Expense: 12036.73
  • Co List Office Mls Id: cril23
  • Co List Office Phone: 480-346-7505
  • Cooling:Ceiling Fan(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dishwasher: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Stucco, Block
  • Roof: Built-Up, Rolled/Hot Mop
  • Construction:Block: Yes

Garage/Parking

  • Open Parking Spaces: 16.0
  • Total Parking Spaces: 16.0
  • General Property Description:Uncvrd Parking Spcs: 16.0
  • General Property Description:Total Parking Spcs: 16.0
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

  • Electric: APS, Master Meter
  • Cooling: Individual, Electric, Ceiling Fan(s)
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Electric Master Meter: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Interior Amenities:Unfurnished: Yes

Schools

  • Elementary School: Hartford Sylvia Encinas Elementary
  • High School: Chandler High School
  • Middle Or Junior School: John M Andersen Jr High School

Lot Info

  • Lot Size: 14941
  • Additional Parcels: No
  • Parcel #: 302-59-117

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Cable TV
  • Number Of Units Total: 12
  • Electric Expense: 19639.2
  • Annual Gross Income: 127430.12
  • Insurance Expense: 6394.86
  • Maintenance Expense: 18844.31
  • Property Net Operating Income: 64021.76
  • Annual Operating Expense: 60771.1
  • Vacancy Allowance Rate: 0.01

Tax Info

  • Tax Annual Amount: 3856.0
  • Tax Book Number: 302.00
  • Tax Lot: 0

Range of Values:

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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 Change Sq Ft Price
06/22/2022 06/22/22 Sold $2,015,000 0.0% $4,030 / Sq Ft
06/20/2022 06/20/22 Price Changed $2,015,000 +0.8% $4,030 / Sq Ft
04/25/2022 04/25/22 For Sale $2,000,000 +183.7% $4,000 / Sq Ft
06/09/2017 06/09/17 Sold $704,900 +0.7% $1,410 / Sq Ft
04/13/2017 04/13/17 For Sale $699,900 -- $1,400 / 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: 6389005

Arizona Regional Multiple Listing Service (ARMLS)