$2,999,999
Chandler, AZ 85225
MLS# 6635709
1 / 14
Property Description
Well kept investment property located near Downtown Chandler. All units are currently tenant occupied. All tenants are on a month to month lease. Sold As Is. No CarryBack
Details
Maps
Contract Info
Current Price: $2,999,999
List Price: $2,999,999
Status: Active
List Date: 2023-11-30
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
House Number: 1014
Compass: N
Street Name: CALIFORNIA
St Suffix: Street
City/Town Code: Chandler
State/Province: AZ
Zip Code: 85225
Zip4: 6680
Country: USA
County Code: Maricopa
Legal Description (Abbrev): LOT 25 OLSEN ADDITION MCR 008123
Subdivision: OLSEN ADDITION
Assessor's Map #: 73
Assessor's Parcel #: 25
Assessor Parcel Ltr: A
Add'l Parcels: Yes
Assessor Number: 302-73-025-A
Legal: LOT 25 OLSEN ADDITION MCR 008123
Census Tract: 523003
Tax Municipality: Chandler
Taxes: 5358
Tax Year: 2023
Marketing Name: California Apartments
General Property Description
Lot Size Dimensions: 13113
Year Built: 1966
Uncvrd Parking Spcs: 21
Total # of Units: 21
# of Buildings: 2
Zoning: mf-2
Elementary School District: Chandler Unified District
High School District: Chandler Unified District
Remarks & Misc
Cross Street: Ray Rd and Arizona Ave Di
Directions: West on Ray Rd and north on California St.
Geo Lat: 33.320909
Geo Lon: -111.844875
Status Change Info
Status Change Date: 2023-11-30
Legal Info
Township: 1S
Range: 5E
Section: 21
Lot Number: 25
Income & Expenses
Annual Elec Exp: 1100
Annual Gas Exp: 4100
Annual Ins Exp: 4300
Annual Landscape Exp: 1300
Annual Trash Exp: 4700
Annual Wtr/Swr Exp: 4300
Owner Association: No
Operating Exp: 25158
Gross Annual Sch Inc: 207400
Other Income: 3200
Adjusted Gross Inc: 210600
Net Operating Income: 185442
Pmt & Rate Info
Cap Rate: 6.18
Equity: 2999999
Showing Notification Methods
Showing Service: No Showing Service Used
Efficiency Units
# Efficiency Units: 16
Avg Rent: 900
Avg SqFt: 350
# Baths: 1
1 Bedroom Units
# 1 Bedroom Units: 4
Avg Rent: 1000
Avg SqFt: 700
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 1
Avg Rent: 1100
Avg SqFt: 950
# Baths: 1
Contact Info
List Agent Home Phn: 520-233-2894
Property Features
Project Type: 13 - 24 Units
Construction: Block
Const - Finish: Painted
Roofing: Comp Shingle; Foam
Floors: Ceramic Tile
Sale Includes: Laundry Equipment
Community Amenities: No Pool
Exterior Amenities: Landscape Wtr System; Green Landscaping; Patio/Balcony; Security Light(s)
Interior Amenities: Fire/Smoke Alarm(s)
Appliances Included: F/S Oven/Range; Refrigerator
Heating: Window/Wall Unit(s)
Cooling: Window/Wall Unit
Water: City Franchise
Sewer: Sewer - Public
Electric: SRP
Gas: SW Gas
Parking: 1 Space/Unit
Roads/Streets: Gravel; Concrete
Owner Pays: Water; Electric; Gas; Trash Collection
Tenant Pays: Electric
Source of Fincl Data: Provided by Owner
Lockbox Type: None
Existing 1st Loan: Conventional
Existing 1st Ln Type: Fixed
Existing 1st Ln Trms: Non Assumable
New Financing: Conventional; No Carry
Reports/Disclosures: Seller Prop Disc Stm
Environmental: None
Listing Office: DeLex Realty
Last Updated: November - 30 - 2023
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