1007 E COMMONWEALTH Place, Chandler, AZ 85225

$720,000
Property Type: Multiple Dwellings Status: Closed
Current Price: $720,000 Last Modified: 1/08/2022

Overview

Description

Great investment opportunity! Easy to rent 4-plex with convenient location. All units are 2 bedroom/1 bathroom and are currently leased. Drive by only. Please do not walk the property or disturb the tenants.

Listing Details MLS# 6326801

Location, Tax & Legal

Map Code/Grid
T39
House Number
1007
Compass
E
Street Name
COMMONWEALTH
St Suffix
Place
City/Town Code
Chandler
State/Province
AZ
Zip Code
85225
Zip4
5459
Country
US
County Code
Maricopa
Subdivision
S & H APARTMENTS
Assessor Number
303-02-147
Tax Year
2021
Assessor's Map #
2
Legal Description (Abbrev)
S & H APARTMENTS MCR 204-1
Assessor's Parcel #
147
Add'l Parcels
No
Tax Municipality
Chandler
Census Tract
811600
Taxes
1482
Legal
Provided by escrow company
Marketing Name
S & H Apartments

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
125 x 64
Year Built
1979
Uncvrd Parking Spcs
8
Total # of Units
4
# of Buildings
Yes
Zoning
M-H / MF-2
Elementary School District
Chandler Unified District
High School District
Chandler Unified District
Elementary School
Rudy G Bologna Elementary
Jr. High School
Willis Junior High School
High School
Perry High School

Remarks Misc

Cross Street
Chandler Blvd & Mcqueen
Directions
Chandler Blvd & Mcqueen Directions: South on Mcqueen to Commonwealth Place, East on Commomwealth Place to property

Status Change Info

Off Market Date
2022-01-08
Under Contract Date
2021-12-02
Close of Escrow Date
2022-01-07

Legal Info

Township
1S
Range
5E
Section
35
Lot Number
4

More Information

Income Expenses

Net Operating Income
28166

2 Bedroom Units

# 2 Bedroom Units
4
Avg Rent
650
Avg SqFt
800
# Baths
Yes

Sold Info

Loan Type
Conventional
Loan Years
30
Payment Type
Other
Closing Cost Split
Normal - N
Buyer Concession $/%
%
Seller Concession $/%
%
Buyer Concession to Seller
0
Seller Concession to Buyer
0

Project Type

Four Plex
Yes

Construction

Wood Frame
Yes

Const - Finish

Painted
Yes
Stucco
Yes

Roofing

Composition
Yes

Floors

Vinyl
Yes
Ceramic Tile
Yes

Sale Includes

Land & Building
Yes

Income & Expenses

Annual Elec Exp
0
Annual Gas Exp
0
Annual Ins Exp
750
Annual Land Lse Exp
0
Annual Landscape Exp
0
Annual Legal & Acctg
0
Annual Maint Exp
0
Annual Mgmt Exp
0
Annual Trash Exp
1284
Annual Wtr/Swr Exp
1000
Owner Association
No
Annual Ownr Asoc Fee
0
Annual PAD Fee
0
Annual Rplcmnt Rsrvs
0
Annual Other Expense
0
Operating Exp
4516
Other Income
0
Vacancy Allowance
0
Adjusted Gross Inc
0
Total Monthly Rental Income
2855

Pmt & Rate Info

Cap Rate
3.91
Down Payment
0
Equity
720000
Down Payment %
0
Monthly Payments
0
Total Owed
0
Assessment Balance
0

Showing Notification Methods

Text
Yes
Email
Yes
Phone Call
Yes

Lockbox Type

None
Yes

Community Features

No Pool
Yes

Heating

Heat Pump
Yes
Electric
Yes

Cooling

Ceiling Fan(s)
Yes
Central Air
Yes

Exterior Amenities

Desert Landscaping
Yes

Tenant Pays

Electricity
Yes

Appliances Included

Dishwasher
Yes
Disposal
Yes
Refrigerator
Yes
Free-Standing Range
Yes
Washer/Dryer
Yes
W/D Hookup
Yes

Road Surface Type

Asphalt
Yes

Source of Fincl Data

Owner
Yes

Water Source

City Franchise
Yes

Sewer

Sewer - Public
Yes

Parking Features

On Street
Yes
>1 Space Per Unit
Yes
Assigned
Yes

Electric

SRP
Yes

Gas

None
Yes

Owner Pays

Water
Yes
Sewer
Yes
Trash Collection
Yes
Landscaping
Yes

New Financing

Other (See Remarks)
Yes

Existing 1st Loan

Other (See Rmks)
Yes

Existing 1st Loan Type

Fixed
Yes

Existing 1st Loan Terms

Non Assumable
Yes

Existing 2nd Loan

Other (See Remarks)
Yes

Existing 2nd Loan Type

Not Applicable
Yes

Existing 2nd Loan Terms

Not Applicable
Yes

Existing 3rd Loan

Other (See Remarks)
Yes

Existing 3rd Loan Type

Not Applicable
Yes

Reports/Disclosures

Other (See Remarks)
Yes

Existing 3rd Loan Terms

Not Applicable
Yes

Environmental

Other (See Remarks)
Yes

Existing Othr Ln Trm

Not Applicable
Yes

Efficiency Units

Avg Rent
0

1 Bedroom Units

Avg Rent
0

3 Bedrooms Units

Avg Rent
0

4 Bedrooms Units

Avg Rent
0

Property Features

Project Type: Four Plex Construction: Wood Frame Const - Finish: Painted; Stucco Roofing: Composition Floors: Vinyl; Ceramic Tile Sale Includes: Land & Building Community Features: No Pool Exterior Amenities: Desert Landscaping Appliances Included: Free-Standing Range; Refrigerator; Dishwasher; Disposal; Washer/Dryer; W/D Hookup Heating: Heat Pump Cooling: Ceiling Fan(s); Central Air Water Source: City Franchise Sewer: Sewer - Public Electric: SRP Gas: None Parking Features: On Street; >1 Space Per Unit; Assigned Road Surface Type: Asphalt Owner Pays: Water; Trash Collection; Landscaping Tenant Pays: Electricity Source of Fincl Data: Owner Showing Notification Methods: Text; Email; Phone Call Lockbox Type: None Existing 1st Loan: Other (See Rmks) Existing 1st Loan Type: Fixed Existing 1st Loan Terms: Non Assumable Existing 2nd Loan: Other (See Remarks) Existing 2nd Loan Type: Not Applicable Existing 2nd Loan Terms: Not Applicable Existing 3rd Loan: Other (See Remarks) Existing 3rd Loan Type: Not Applicable Existing 3rd Loan Terms: Not Applicable Existing Othr Ln Trm: Not Applicable New Financing: Other (See Remarks) Environmental: Other (See Remarks)
IDX
Listing Office: Russ Lyon Sotheby's International Realty
Last Updated: January - 08 - 2022
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