1078 W FLINT Street, Chandler, AZ 85224

$875,000
Property Type: Multiple Dwellings Status: Closed
Current Price: $875,000 Last Modified: 8/05/2024

Overview

Description

Incredible Chandler four-flex with 100% occupancy located steps away from dining, shopping, parks, and schools. This exceptionally well maintained property includes one 2 bed/2 bath unit and three 2 bed/1 bath units. All units have long term, stable tenants. This is a low maintenance property that requires minimal attention. One unit has been recently remodeled, while the others are in excellent condition. New roof in 2018. Tenant pays for electric, cable, internet. No HOA. Do not disturb tenants.

Listing Details MLS# 6444349

Location, Tax & Legal

Map Code/Grid
T38
House Number
1078
Compass
W
Street Name
FLINT
St Suffix
Street
City/Town Code
Chandler
State/Province
AZ
Zip Code
85224
Zip4
4396
Country
US
County Code
Maricopa
Subdivision
ARROWHEAD MEADOWS 1
Assessor Number
302-74-011-A
Tax Year
2021
Assessor's Map #
74
Legal Description (Abbrev)
LOT 11 ARROWHEAD MEADOWS 1 MCR 008140
Assessor's Parcel #
11
Assessor Parcel Ltr
A
Add'l Parcels
No
Tax Municipality
Chandler
Census Tract
523006
Taxes
1694
Legal
LOT 11 ARROWHEAD MEADOWS 1 MCR 008140
Marketing Name
ARROWHEAD MEADOWS

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
75' x 126'
Year Built
1972
Uncvrd Parking Spcs
4
Total # of Units
4
# of Buildings
Yes
Zoning
MF-2
Elementary School District
Chandler Unified District
High School District
Chandler Unified District
Elementary School
San Marcos Elementary School
Jr. High School
John M Andersen Jr High School
High School
Chandler High School

Remarks Misc

Cross Street
Alma School/Chandler
Directions
North to Erie, west to Chippewa, south to Flint, east to property

Status Change Info

Off Market Date
2022-09-30
Under Contract Date
2022-08-27
Close of Escrow Date
2022-09-29

Legal Info

Township
1S
Range
5E
Section
29
Lot Number
11

More Information

Income Expenses

Gross Annual Sch Inc
54600
Net Operating Income
48348

2 Bedroom Units

# 2 Bedroom Units
4
Avg Rent
1137.5
Avg SqFt
800
# Baths
Yes

Sold Info

Loan Type
Conventional
Loan Years
30
Payment Type
Fixed
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

Block
Yes

Const - Finish

Painted
Yes

Roofing

Foam
Yes

Floors

Ceramic Tile
Yes
Carpet
Yes

Sale Includes

Land & Building
Yes

Income & Expenses

Annual Landscape Exp
1800
Annual Maint Exp
1000
Annual Trash Exp
840
Annual Wtr/Swr Exp
1176
Owner Association
No
Annual Ownr Asoc Fee
0
Annual Other Expense
1436
Operating Exp
7946
Other Income
0
Vacancy Allowance
0
Adjusted Gross Inc
54600
Total Monthly Rental Income
4550

Pmt & Rate Info

Cap Rate
5.37
Equity
900000
Down Payment %
0
Monthly Payments
0
Total Owed
0

Showing Notification Methods

Phone Call
Yes

Lockbox Type

None
Yes

Community Features

No Pool
Yes

Heating

Electric
Yes

Cooling

Heat Pump
Yes

Exterior Amenities

Landscape Water System
Yes
Green Landscaping
Yes
Cable TV Available
Yes

Tenant Pays

Electricity
Yes
Cable TV
Yes

Appliances Included

Microwave
Yes
Refrigerator
Yes
Free-Standing Range
Yes
W/D Hookup
Yes

Road Access Type

Dedicated Street
Yes

Source of Fincl Data

Owner
Yes

Water Source

City Franchise
Yes

Sewer

Sewer - Public
Yes

Parking Features

Free
Yes
On Street
Yes
1 Space/Unit
Yes
Paved
Yes

Electric

SRP
Yes

Gas

None
Yes

Owner Pays

Water
Yes
Sewer
Yes
Trash Collection
Yes
Landscaping
Yes

New Financing

Conventional
Yes
1031 Exchange
Yes

Reports/Disclosures

Seller Prop Disc Stm
Yes

Environmental

None
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: Block Const - Finish: Painted Roofing: Foam Floors: Ceramic Tile; Carpet Sale Includes: Land & Building Community Features: No Pool Exterior Amenities: Landscape Water System; Green Landscaping; Cable TV Available Appliances Included: Free-Standing Range; Refrigerator; Microwave; W/D Hookup Cooling: Heat Pump Water Source: City Franchise Sewer: Sewer - Public Electric: SRP Gas: None Parking Features: On Street; 1 Space/Unit; Free; Paved Road Access Type: Dedicated Street Owner Pays: Water; Trash Collection; Landscaping Tenant Pays: Electricity; Cable TV Source of Fincl Data: Owner Showing Notification Methods: Phone Call Lockbox Type: None New Financing: Conventional; 1031 Exchange Environmental: None
IDX
Listing Office: Coldwell Banker Realty
Last Updated: August - 05 - 2024
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