$845,000
Chandler, AZ 85225
MLS# 1045220
Status: Closed
1599 sqft
1 / 1
Property Description
What an amazing opportunity to acquire a fully gutted and remodeled Triplex in the heart of Chandler. The property is currently under construction and should be available to close in the next 60 days. All new windows, stainless steel appliances, hot water heaters, air conditioners, roof, and so much more. See the Documents for a full list of improvements. Projected rents are $1,750 per door. Should have zero capital expenses for a long time. Buyer to verify all facts and figures..
Details
Maps
Contract/Address/Legal
Original List Price: 895000
Listing Date: 2022-02-13
Status: Closed
Listing Price: 895000
List Price/SqFt: 560
Rent/Lease: No
Street #: 257
Direction: E
Street Name: Oakland
St Suffix: Street
City/Township: Chandler
State: AZ
Zip Code: 85225
County: Maricopa
Zoning: MF-1
REO/Short Sale: Not Applicable
Tax Parcel: 302-64-139
Assessor's Book #: 302
Assessor's Map #: 64
Assessor's Parcel #: 139
Legal: Legal Description supplied by Title to govern
General Property Description
Lot #: 1
Lot Size: 6085
Aprx Acres: 0.14
Total Liveable SqFt: 1599
Source of Measuremnt: Appraiser
Year Built: 1956
Management: Mgmt Company
Gross Vol/Yr $: 63000
NOI $: 51096
Vac Rate %: 3
Cap %: 5.71
Baths - Full: 3
Tax Info
Taxes: 619
Tax Year: 2021
Remarks & Misc
Directions: Ray Road and Chandler Blvd
South on Chandler Blvd to Oakland Street and turn East to the Property. Property is on the south side of the street
Office/Member Info
Compensation: 3
Compensation Type: $
Status Change Info
Under Contract Date: 2022-04-29
Sold Date: 2022-08-16
Sold Price: $845,000
Sold Price/SqFt: 528
Financing: Cash
Unit 1
# BR: 1
# BA: 1
SqFt: 600
Rent $: 1750
Unit 2
# BR: 1
# BA: 1
SqFt: 600
Rent $: 1750
Unit 3
# BR: 1
# BA: 1
SqFt: 600
Rent $: 1750
Property Features
Building Type: Triplex
Construction: Frame - Wood; Stucco
Cooling: Ceiling Fan(s); Heat Pump
External Amenities: Fence; Landscaped; Laundry Facilities
Flooring: Tile
Heating: Heat Pump
Owner Pays: Trash; Water
Possession: At Recordation
Records Available: None
Road Frontage Type: City Street
Road Surface Type: Paved
Road Responsibility: City Maintained Road
Roof: Asphalt Shingle
Terms & Conditions: Conventional; FHA; VA
Utilities Installed: Cable TV; Electricity; Individual Meter; Master Meter; Water - City; WWT - City Sewer
Water Heater: Electric
Unit 1 Info: Ceiling Fan(s); Dishwasher; Disposal; Fire/Smoke Detectors; Microwave; Porch/Patio; Range/Oven; Refrigerator; Storage Room; W/D Connection; Other - See Remarks
Unit 2 Parking: 2 Car
Unit 2 Info: Ceiling Fan(s); Dishwasher; Disposal; Fire/Smoke Detectors; Laundry Room; Microwave; Porch/Patio; Range/Oven; Refrigerator; Storage Room; Other - See Remarks
Unit 3 Parking: 2 Car
Unit 3 Info: Ceiling Fan(s); Dishwasher; Disposal; Fire/Smoke Detectors; Range/Oven; Refrigerator; Storage Room; W/D Connection
Listing Office: Gerchick Real Estate
Last Updated: August - 17 - 2022
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