$799,000
Chandler, AZ 85225
MLS# 6678228
Status: Pending
1 / 47
Property Description
Location, Location, Location! Located right off of AZ Ave and 202, this rare gem of an opportunity to own a fourplex in Chandler is now available. Each unit has 2 bedrooms and 1 bath along with a full kitchen, in unit laundry, seperate HVAC units and spacious private front patio areas. The exterior of the property has just been reconditioned including a brand new roof and exterior paint in 2024. This fourplex has been well maintained while keeping the rents very low for the residents creating a stable income for the owner. New owner can adjust rents accordingly. Parking is simple on the North side of the property and there is a storage shed on the East side. Quick easy access to the 202 freeway, Walmart and much more! Definitely go see this one! Perfect for your Investment Portfolio!
Details
Maps
Contract Info
Current Price: $799,000
List Price: $799,000
Status: Pending
List Date: 2024-03-16
Ownership: Fee Simple
Subagents: N
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
House Number: 999
Compass: S
Street Name: PALM
St Suffix: Lane
City/Town Code: Chandler
State/Province: AZ
Zip Code: 85225
Zip4: 6892
Country: USA
County Code: Maricopa
Legal Description (Abbrev): LOT 15 CHIEFTAIN VILLAGE 3 MCR 010322
Subdivision: CHIEFTAIN VILLAGE 3
Assessor's Map #: 62
Assessor's Parcel #: 93
Add'l Parcels: No
Assessor Number: 303-62-093
Legal: LOT 15 CHIEFTAIN VILLAGE 3 MCR 010322
Census Tract: 523104
Tax Municipality: Chandler
Taxes: 1627
Tax Year: 2023
Marketing Name: 999 S Palm
General Property Description
Lot Size Dimensions: 112 x 102 Roughly
Year Built: 1983
Uncvrd Parking Spcs: 12
Total # of Units: 4
# of Buildings: 1
Zoning: MF-2
Elementary School District: Chandler Unified District
High School District: Chandler Unified District
Remarks & Misc
Cross Street: Arizona Ave and Pecos
Directions: Go West on Pecos to Palm Lane. Fourplex is on the corner of Pecos and Palm Lane.
Geo Lat: 33.29193
Geo Lon: -111.845696
Status Change Info
Status Change Date: 2024-04-24
Off Market Date: 2024-04-24
Under Contract Date: 2024-04-24
Legal Info
Township: 1S
Range: 5E
Section: 33
Lot Number: 15
Income & Expenses
Owner Association: No
Operating Exp: 1627
Gross Annual Sch Inc: 33720
Adjusted Gross Inc: 33720
Net Operating Income: 29393
Pmt & Rate Info
Cap Rate: 3.68
Equity: 799000
Showing Notification Methods
Showing Service: Aligned Showings
2 Bedroom Units
# 2 Bedroom Units: 4
Avg Rent: 702.5
Avg SqFt: 800
# Baths: 1
Contact Info
List Agent Home Phn: 480-503-0700
Property Features
Project Type: Four Plex
Construction: Block; Frame - Wood
Const - Finish: Painted; Stucco; Siding
Roofing: Comp Shingle
Floors: Vinyl; Carpet
Sale Includes: Land & Building
Community Amenities: No Pool
Exterior Amenities: Landscape Wtr System; Green Landscaping; Desert Landscaping
Interior Amenities: Unfurnished
Appliances Included: F/S Oven/Range; Refrigerator; Dishwasher; Disposal; W/D Hookup
Cooling: Heat Pump
Water: City Franchise
Sewer: Sewer - Public; Sewer-In & Connected
Electric: SRP
Gas: None
Parking: Free; Paved Parking
Roads/Streets: Gravel; Concrete; Sidewalk(s)
Owner Pays: Trash Collection; Landscaping
Tenant Pays: Water; Electric; Cable TV
Source of Fincl Data: Provided by Owner
Status Update: Multiple Offers Recd
Showing Notification Methods: Text; Phone Call
Lockbox Type: None
Existing 1st Loan: Treat as Free&Clear
New Financing: Cash; VA; FHA; Conventional; No Carry; 1031 Exchange
Reports/Disclosures: Seller Prop Disc Stm
Environmental: None
Listing Office: Firebird Housing
Last Updated: April - 25 - 2024
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