736 W Knox Road, Chandler, AZ 85225 (MLS# 6596390)

736 W Knox Road, Chandler, AZ 85225

$780,000

736 W Knox Road Chandler, AZ from Airobird on Vimeo.

Property Type: Multiple Dwellings Status: Closed

Current Price: $780,000 List Date: 8/30/2023 Last Modified: 5/08/2025

Overview

Description

ELEVATE YOUR PORTFOLIO! Own a slice of the thriving Chandler community—one of the most sought-after and rapidly growing areas in The Valley. This is the kind of property that rarely comes on the market, having been under the same ownership for over 28 years. This 4-plex is perfect for those who want the benefits of a stable rental income history with the opportunity to value-add. Each unit is approximately 882 SF, with 2 bedrooms & 2 bathrooms, in-unit laundry, and central A/C. Parking is a breeze with a dedicated parking lot in the rear of the property with alley access and parking for up to 8 cars, 4 of which are covered.

Supplements: Situated just minutes from Downtown Chandler and the employment corridors, with parks and shopping, ease of access to all of the amenities that make this city so desirable. Valued on its current income, this property presents the right canvas for those seasoned real estate investors looking for a solid addition to their portfolio, or someone seekin ... (Read more)

Listing Details MLS# 6596390

Location, Tax & Legal

House Number: 736
Compass: W
Street Name: Knox
St Suffix: Road
City/Town Code: Chandler
State/Province: AZ
Zip Code: 85225
Zip4: 4343
Country: US
County Code: Maricopa
Subdivision: CHANDLER MANOR
Assessor Number: 302-42-101-A
Tax Year: 2022
Assessor's Map #: 42
Legal Description (Abbrev): LOT 42 CHANDLER MANOR MCR 013834
Assessor's Parcel #: 101
Assessor Parcel Ltr: A
Add'l Parcels: No
Tax Municipality: Chandler
Census Tract: 523003
Taxes: 1863
Legal: LOT 42 CHANDLER MANOR MCR 013834
Marketing Name: Chandler Manor

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: 85x124
Year Built: 1985
Uncvrd Parking Spcs: 4
Total # of Units: 4
# of Buildings: Yes
Zoning: [M-H]
Elementary School District: Chandler Unified District
High School District: Chandler Unified District
Elementary School: John M Andersen Elementary School
Jr. High School: John M Andersen Jr High School
High School: Chandler High School

Remarks Misc

Cross Street: Alma School Rd + Knox
Directions: Alma School Rd - East on Knox Property is on the north side of the road

Status Change Info

Off Market Date: 2023-09-29
Under Contract Date: 2023-09-08
Close of Escrow Date: 2023-09-29

Legal Info

Township: 1S
Range: 5E
Section: 21
Lot Number: 42

More Information

Income Expenses

Gross Annual Sch Inc: 56088
Net Operating Income: 40413

2 Bedroom Units

# 2 Bedroom Units: 4
Avg Rent: 1168.5
Avg SqFt: 882
# Baths: 2

Sold Info

Loan Type: Other
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

Stucco: Yes

Roofing

Tile: Yes

Floors

Other: Yes

Sale Includes

Land & Building: Yes

Income & Expenses

Annual Mgmt Exp: 4777
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual Other Expense: 13812
Operating Exp: 20452
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 56088

Status Update

Multiple Offers Recd: Yes

Pmt & Rate Info

Cap Rate: 5.46
Equity: 740000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0

Lockbox Type

Supra: Yes

Community Features

No Pool: Yes

Heating

Central: Yes

Cooling

Central Air: Yes

Exterior Amenities

Sidewalk(s): Yes

Tenant Pays

Electricity: Yes
Cable TV: Yes

Appliances Included

Refrigerator: Yes
Free-Standing Range: Yes

Road Access Type

Alley: Yes

Road Surface Type

Asphalt: Yes

Source of Fincl Data

Owner: Yes

Water Source

City Franchise: Yes

Sewer

Sewer - Public: Yes

Parking Features

Carport: Yes
<1 Space Per Unit: Yes

Electric

SRP: Yes

Gas

None: Yes

Owner Pays

Water: Yes
Trash Collection: 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: Wood Frame Const - Finish: Stucco Roofing: Tile Floors: Other Sale Includes: Land & Building Community Features: No Pool Exterior Amenities: Sidewalk(s) Appliances Included: Free-Standing Range; Refrigerator Heating: Central Cooling: Central Air Water Source: City Franchise Sewer: Sewer - Public Electric: SRP Gas: None Parking Features: Carport; <1 Space Per Unit Road Access Type: Alley Road Surface Type: Asphalt Owner Pays: Water; Trash Collection Tenant Pays: Electricity; Cable TV Source of Fincl Data: Owner Status Update: Multiple Offers Recd Lockbox Type: Supra New Financing: Conventional; 1031 Exchange Environmental: None

Listing Office: RETSY

Last Updated: May - 08 - 2025