$320,000
264 N CHIPPEWA Place
Chandler, AZ 85224
MLS# 5885174
Status: Closed



264 N CHIPPEWA Place, Chandler, AZ 85224
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264 N CHIPPEWA Place, Chandler, AZ 85224 264 N CHIPPEWA Place, Chandler, AZ 85224 264 N CHIPPEWA Place, Chandler, AZ 85224

Property Description
OWNER SAYS TO MOVE IT! Price to be systematically reduced until SOLD! Professionally maintained office building divided into 4 suites ranging in size from 337 square feet to 603 square feet. Each suite has a private bathroom. All suites currently occupied with one lease coming up in Sept 2019. Walking distance to Chase Bank, Wells Fargo, Bank of American, Western State Bank, Starbucks, restaurants, and other neighborhood stores.

Details
Maps
Documents
Contract Info
Current Price: $320,000
Sold Price: $320,000
Status: Closed
List Date: 2019-02-19
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: T38
House Number: 264
Compass: N
Street Name: CHIPPEWA
St Suffix: Place
City/Town Code: Chandler
State/Province: AZ
Zip Code: 85224
Zip4: 4365
Country: USA
County Code: Maricopa
Legal Description (Abbrev): LOT 20 ARROWHEAD MEADOWS 2 MCR 008720
Subdivision: ARROWHEAD MEADOWS 2
Assessor's Map #: 74
Assessor's Parcel #: 76
Add'l Parcels: No
Assessor Number: 302-74-076
Census Tract: 523006
Legal: LOT 20 ARROWHEAD MEADOWS 2 MCR 008720
Tax Municipality: Chandler
Taxes: 2425
Tax Year: 2018
General Property Description
Ttl Apx SqFt Bldg: 2050
# of Buildings: 1
Year Built: 1979
Uncvrd Parking Spcs: 9
Zoning: MF2
Remarks & Misc
Cross Street: Chippewa Place and Chandler Boulevard
Directions: North on Chippewa Place from Chandler Boulevard - on west side of Chippewa Place.
Geo Lat: 33.307205
Geo Lon: -111.861821
Status Change Info
Status Change Date: 2019-08-09
Off Market Date: 2019-07-01
Under Contract Date: 2019-06-28
Close of Escrow Date: 2019-08-05
Sold Price: $320,000
Legal Info
Township: 1S
Range: 5E
Section: 29
Lot Number: 20
Income & Expenses
Annual Ins Exp: 1200
Annual Maint Exp: 1500
Owner Association: No
Operating Exp: 5125
Net Operating Income: 26410
Pmt & Rate Info
Cap Rate: 8.11
Equity: 325500
Sold Info
Loan Type: Cash
Payment Type: Other
Clsing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Property Features
Building Type: Commercial; Office
Current Use: Service Business; Office
Stories: 1 Story
Construction: Block
Roofing: Built-Up
Floors: Carpet
Ceiling Height: 8 Feet or Less
Cooling: Office A/C
Loading Facilities: None
Interior: Finished
Fencing: None
Parking: Private Parking; Paved Parking
Electric: SRP
Gas: None
Water: City Franchise
Sewer: Sewer - Public
Lockbox Type: None
Source of Fincl Data: Provided by Owner
Existing 1st Loan: Treat as Free&Clear
Existing 1st Ln Type: Not Applicable
Existing 1st Ln Trms: Not Applicable
Existing 2nd Loan: Treat as Free&Clear
Existing 2nd Ln Type: Not Applicable
Existing 2nd Ln Trms: Not Applicable
Existing 3rd Loan: Treat as Free&Clear
Existing 3rd Ln Type: Not Applicable
Existing 3rd Ln Trms: Not Applicable
Existing Othr Ln Trm: Not Applicable
Roads/Streets: Asphalt; Dedicated Street
Reports/Disclosures: None
Environmental: None

Listing Office: Central Real Estate Co

Last Updated: June - 12 - 2020

264 N CHIPPEWA Place, Chandler, AZ 85224 - MLS# 5885174
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