1078 W FLINT Street, Chandler, AZ 85224
$875,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$875,000
Last Modified:
8/05/2024
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.
More Information MLS# 6444349
Contract Info
Ownership: Fee Simple
Current Price: $875,000
Sold Price: $875,000
Status: Closed
List Date: 2022-08-03
Location, Tax & Legal
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
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
County Code: Maricopa
Subdivision: ARROWHEAD MEADOWS 1
Assessor Number: 302-74-011-A
Tax Year: 2021
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 4
Lot Size Dimensions: 75' x 126'
Total # of Units: 4
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
Year Built: 1972
Zoning: MF-2
Legal Info
Range: 5E
Section: 29
Township: 1S
Lot Number: 11
Project Type
Four Plex: 1
Construction
Block: 1
Const - Finish
Painted: 1
Roofing
Foam: 1
Floors
Ceramic Tile: 1
Carpet: 1
Sale Includes
Land & Building: 1
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: 1
Lockbox Type
None: 1
Community Features
No Pool: 1
Heating
Electric: 1
Cooling
Heat Pump: 1
Exterior Amenities
Landscape Water System: 1
Green Landscaping: 1
Cable TV Available: 1
Tenant Pays
Electricity: 1
Cable TV: 1
Appliances Included
Microwave: 1
Refrigerator: 1
Free-Standing Range: 1
W/D Hookup: 1
Road Access Type
Dedicated Street: 1
Source of Fincl Data
Owner: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
Free: 1
On Street: 1
1 Space/Unit: 1
Paved: 1
Electric
SRP: 1
Gas
None: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
Landscaping: 1
New Financing
Conventional: 1
1031 Exchange: 1
Reports/Disclosures
Seller Prop Disc Stm: 1
Environmental
None: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
# 2 Bedroom Units: 4
Avg Rent: 1137.5
Avg SqFt: 800
# Baths: 1
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Sold Info
Loan Type: Conventional
Loan Years: 30
Closing Cost Split: Normal - N
Payment Type: Fixed
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 0
Seller Concession $/%: $
Remarks Misc
Cross Street: Alma School/Chandler
Directions: North to Erie, west to Chippewa, south to Flint, east to property
Geo Lat: 33.309074
Geo Lon: -111.860436
Status Change Info
Off Market Date: 2022-09-30
Under Contract Date: 2022-08-27
Close of Escrow Date: 2022-09-29
Sold Price: $875,000
Income Expenses
Gross Annual Sch Inc: 54600
Net Operating Income: 48348
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
Listing Office:
Coldwell Banker Realty
Last Updated: August - 05 - 2024
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