864 E CHANDLER Boulevard, Chandler, AZ 85225

$950,000
Property Type: Multiple Dwellings Status: Closed
Current Price: $950,000 Last Modified: 12/08/2024

Overview

Description

Over $100,000 put into improvements repositioning this property. See list of improvements in document tab. Upside on rents as they are full and have waiting list.

Listing Details MLS# 5427762

Location, Tax & Legal

Map Code/Grid
S39
House Number
864
Compass
E
Street Name
CHANDLER
St Suffix
Boulevard
City/Town Code
Chandler
State/Province
AZ
Zip Code
85225
Zip4
5652
Country
US
County Code
Maricopa
Assessor Number
302-71-015
Tax Year
2015
Assessor's Map #
71
Legal Description (Abbrev)
PT SE4 SE4 DAF BEG NW COR E2 SW4 SE4 SE4 TH E 66F S 620F W 132F N 620F E 66F TO POB EX N 100F
Assessor's Parcel #
15
Add'l Parcels
No
Tax Municipality
Maricopa - COUNTY
Census Tract
522904
Taxes
3533
Legal
PT SE4 SE4 DAF BEG NW COR E2 SW4 SE4 SE4 TH E 66F S 620F W 132F N 620F E 66F TO POB EX N 100F
Marketing Name
Unknown

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
132 x 520
Year Built
1962
Uncvrd Parking Spcs
48
Total # of Units
17
# of Buildings
4
Zoning
multi
Elementary School District
Chandler Unified District
High School District
Chandler Unified District

Remarks Misc

Cross Street
McQueen and Chandler BLVD
Directions
From Chandler BLVD and Arizona Avenue go East to 864 E. Chandler Blvd.

Status Change Info

Off Market Date
2016-04-22
Under Contract Date
2016-04-21
Close of Escrow Date
2016-06-20

Legal Info

Township
1S
Range
5E
Section
27

More Information

Income Expenses

Gross Annual Sch Inc
134640
Net Operating Income
127908

1 Bedroom Units

# 1 Bedroom Units
2
Avg Rent
650
Avg SqFt
600
# Baths
Yes

2 Bedroom Units

# 2 Bedroom Units
15
Avg Rent
650
Avg SqFt
600
# Baths
Yes

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

13 - 24 Units
Yes

Construction

Wood Frame
Yes

Const - Finish

Painted
Yes
Siding
Yes

Roofing

Composition
Yes

Floors

Vinyl
Yes
Ceramic Tile
Yes
Carpet
Yes

Sale Includes

Land & Building
Yes
Personal Property
Yes

Income & Expenses

Annual Elec Exp
340
Annual Gas Exp
0
Annual Ins Exp
2200
Annual Land Lse Exp
0
Annual Landscape Exp
0
Annual Legal & Acctg
0
Annual Maint Exp
6000
Annual Mgmt Exp
0
Annual Trash Exp
2000
Annual Wtr/Swr Exp
3456
Owner Association
No
Annual Ownr Asoc Fee
0
Annual PAD Fee
0
Annual Rplcmnt Rsrvs
0
Annual Other Expense
0
Operating Exp
17529
Other Income
0
Vacancy Allowance
0.05
Adjusted Gross Inc
127908
Total Monthly Rental Income
11220

Pmt & Rate Info

Cap Rate
12.86
Down Payment
0
Equity
995000
Down Payment %
0
Monthly Payments
0
Total Owed
0
Assessment Balance
0

Community Features

No Pool
Yes

Heating

Natural Gas
Yes

Cooling

Window/Wall Unit
Yes

Exterior Amenities

Desert Landscaping
Yes

Interior Features

Fire/Smoke Alarm(s)
Yes
Mini Blinds
Yes

Tenant Pays

Gas
Yes
Electricity
Yes

Appliances Included

Refrigerator
Yes
Free-Standing Range
Yes

Road Surface Type

Asphalt
Yes

Source of Fincl Data

Projected Proforma
Yes

Water Source

City Franchise
Yes

Sewer

Sewer - Public
Yes

Parking Features

>1 Space Per Unit
Yes
Add'l Parking Avail
Yes
RV Access/Parking
Yes

Electric

APS
Yes

Gas

SW Gas
Yes

Owner Pays

Water
Yes
Sewer
Yes
Trash Collection
Yes

New Financing

Conventional
Yes

Existing 1st Loan

Treat as Free&Clear
Yes

Existing 1st Loan Type

Not Applicable
Yes

Existing 1st Loan Terms

Not Applicable
Yes

Existing 2nd Loan

Treat as Free&Clear
Yes

Existing 2nd Loan Type

Not Applicable
Yes

Existing 2nd Loan Terms

Not Applicable
Yes

Existing 3rd Loan

Treat as Free&Clear
Yes

Existing 3rd Loan Type

Not Applicable
Yes

Reports/Disclosures

Seller Prop Disc Stm
Yes

Existing 3rd Loan Terms

Not Applicable
Yes

Environmental

None
Yes

Existing Othr Ln Trm

Not Applicable
Yes

Efficiency Units

Avg Rent
0

3 Bedrooms Units

Avg Rent
0

4 Bedrooms Units

Avg Rent
0

Property Features

Project Type: 13 - 24 Units Construction: Wood Frame Const - Finish: Painted; Siding Roofing: Composition Floors: Vinyl; Ceramic Tile; Carpet Sale Includes: Land & Building; Personal Property Community Features: No Pool Exterior Amenities: Desert Landscaping Interior Features: Fire/Smoke Alarm(s); Mini Blinds Appliances Included: Free-Standing Range; Refrigerator Heating: Natural Gas Cooling: Window/Wall Unit Water Source: City Franchise Sewer: Sewer - Public Electric: APS Gas: SW Gas Parking Features: >1 Space Per Unit; Add'l Parking Avail; RV Access/Parking Road Surface Type: Asphalt Owner Pays: Water; Trash Collection Tenant Pays: Electricity; Gas Source of Fincl Data: Projected Proforma Existing 1st Loan: Treat as Free&Clear Existing 1st Loan Type: Not Applicable Existing 1st Loan Terms: Not Applicable Existing 2nd Loan: Treat as Free&Clear Existing 2nd Loan Type: Not Applicable Existing 2nd Loan Terms: Not Applicable Existing 3rd Loan: Treat as Free&Clear Existing 3rd Loan Type: Not Applicable Existing 3rd Loan Terms: Not Applicable Existing Othr Ln Trm: Not Applicable New Financing: Conventional Environmental: None
IDX
Listing Office: Red Brick Realty, LLC
Last Updated: December - 08 - 2024
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