372 N Chippewa Place, Chandler, AZ 85224 (MLS# 6561590)

372 N Chippewa Place, Chandler, AZ 85224

$850,000

Property Type: Multiple Dwellings Status: Closed

Current Price: $850,000 Last Modified: 8/04/2023

Overview

Listing Details MLS# 6561590

Location, Tax & Legal

Map Code/Grid: T38
House Number: 372
Compass: N
Street Name: Chippewa
St Suffix: Place
City/Town Code: Chandler
State/Province: AZ
Zip Code: 85224
Country: US
County Code: Maricopa
Subdivision: ARROWHEAD MEADOWS UNIT 1 LOT 19 EX ARROWHEAD MEADOWS UNIT 1 LOT 19 EX W 4F
Assessor Number: 302-74-019-A
Tax Year: 2022
Assessor's Map #: 74
Assessor's Parcel #: 19
Assessor Parcel Ltr: A
Add'l Parcels: No
Tax Municipality: Chandler
Taxes: 1709
Legal: ARROWHEAD MEADOWS 1
Marketing Name: Chippewa

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: 12066
Year Built: 1973
Uncvrd Parking Spcs: 3
Total # of Units: 4
# of Buildings: Yes
Zoning: MF-2
Elementary School District: Chandler Unified District
High School District: Chandler Unified District

Status Change Info

Off Market Date: 2023-08-04
Under Contract Date: 2023-07-17
Close of Escrow Date: 2023-07-31

Income Expenses

Gross Annual Sch Inc: 65220
Net Operating Income: 46024

More Information

2 Bedroom Units

# 2 Bedroom Units: 4
Avg Rent: 1359
Avg SqFt: 826
# Baths: 4

Sold Info

Loan Type: Cash
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

Block: Yes
Brick: Yes

Const - Finish

Painted: Yes
Stucco: Yes

Roofing

Tile: Yes

Floors

Vinyl: Yes
Wood: Yes

Sale Includes

Land & Building: Yes

Income & Expenses

Annual Elec Exp: 6914
Annual Ins Exp: 972
Annual Landscape Exp: 1720
Annual Legal & Acctg: 1666
Annual Maint Exp: 3835
Annual Mgmt Exp: 2232
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual Rplcmnt Rsrvs: 1200
Annual Other Expense: 643
Operating Exp: 20891
Other Income: 1695
Vacancy Allowance: 0.06
Adjusted Gross Inc: 62900.1

Pmt & Rate Info

Cap Rate: 4.74
Equity: 970000
Down Payment %: 60
Monthly Payments: 0
Total Owed: 0

Showing Notification Methods

Text: Yes

Lockbox Type

None: Yes

Community Features

No Pool: Yes

Heating

Ceiling: Yes

Cooling

Ceiling Fan(s): Yes
Individual: Yes

Exterior Amenities

Desert Landscaping: Yes

Tenant Pays

Electricity: Yes

Appliances Included

Dishwasher: Yes
Microwave: Yes
Refrigerator: Yes
Built-In Range: Yes
Free-Standing Range: Yes
Washer/Dryer: Yes

Road Surface Type

Asphalt: Yes

Source of Fincl Data

Owner: Yes

Water Source

City Franchise: Yes

Sewer

Sewer - Public: Yes

Parking Features

>1 Space Per Unit: Yes

Electric

SRP: Yes

Gas

SW Gas: Yes

Owner Pays

Water: Yes
Sewer: Yes
Trash Collection: Yes
Landscaping: Yes

New Financing

Conventional: Yes
FHA: Yes

Reports/Disclosures

None: 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; Brick Const - Finish: Painted; Stucco Roofing: Tile Floors: Vinyl; Wood Sale Includes: Land & Building Community Features: No Pool Exterior Amenities: Desert Landscaping Appliances Included: Built-In Range; Free-Standing Range; Refrigerator; Dishwasher; Microwave; Washer/Dryer Heating: Ceiling Cooling: Ceiling Fan(s); Individual Water Source: City Franchise Sewer: Sewer - Public Electric: SRP Gas: SW Gas Parking Features: >1 Space Per Unit Road Surface Type: Asphalt Owner Pays: Water; Trash Collection; Landscaping Tenant Pays: Electricity Source of Fincl Data: Owner Showing Notification Methods: Text Lockbox Type: None New Financing: FHA; Conventional Environmental: None

Listing Office: Marcus & Millichap

Last Updated: August - 04 - 2023