999 S PALM Lane, Chandler, AZ 85225
$803,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$803,000
Last Modified:
5/19/2025
Description
Location, Location, Location! Located right off of AZ Ave and 202, this rare gem of an opportunity to own a fourplex in Chandler is now available. Each unit has 2 bedrooms and 1 bath along with a full kitchen, in unit laundry, seperate HVAC units and spacious private front patio areas. The exterior of the property has just been reconditioned including a brand new roof and exterior paint in 2024. This fourplex has been well maintained while keeping the rents very low for the residents creating a stable income for the owner. New owner can adjust rents accordingly. Parking is simple on the North side of the property and there is a storage shed on the East side. Quick easy access to the 202 freeway, Walmart and much more!
Definitely go see this one! Perfect for your Investment Portfolio!
More Information MLS# 6678228
Contract Info
Ownership: Fee Simple
Current Price: $803,000
Sold Price: $803,000
Status: Closed
List Date: 2024-03-16
Location, Tax & Legal
Assessor's Map #: 62
Legal Description (Abbrev): LOT 15 CHIEFTAIN VILLAGE 3 MCR 010322
Assessor's Parcel #: 93
Add'l Parcels: No
Tax Municipality: Chandler
Census Tract: 523104
Taxes: 1627
Legal: LOT 15 CHIEFTAIN VILLAGE 3 MCR 010322
Marketing Name: 999 S Palm
House Number: 999
Compass: S
Street Name: PALM
St Suffix: Lane
City/Town Code: Chandler
State/Province: AZ
Zip Code: 85225
Zip4: 6892
County Code: Maricopa
Subdivision: CHIEFTAIN VILLAGE 3
Assessor Number: 303-62-093
Tax Year: 2023
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 12
Lot Size Dimensions: 112 x 102 Roughly
Total # of Units: 4
Elementary School District: Chandler Unified District
High School District: Chandler Unified District
Year Built: 1983
Zoning: MF-2
Legal Info
Range: 5E
Section: 33
Township: 1S
Lot Number: 15
Project Type
Four Plex: 1
Construction
Block: 1
Wood Frame: 1
Const - Finish
Painted: 1
Stucco: 1
Siding: 1
Roofing
Composition: 1
Floors
Vinyl: 1
Carpet: 1
Sale Includes
Land & Building: 1
Income & Expenses
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 1627
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 33720
Status Update
Multiple Offers Recd: 1
Pmt & Rate Info
Cap Rate: 3.68
Equity: 799000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Showing Service: Aligned Showings
Text: 1
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
Desert Landscaping: 1
Sidewalk(s): 1
Interior Features
Unfurnished: 1
Tenant Pays
Water: 1
Electricity: 1
Cable TV: 1
Appliances Included
Dishwasher: 1
Disposal: 1
Refrigerator: 1
Free-Standing Range: 1
W/D Hookup: 1
Road Surface Type
Concrete: 1
Gravel: 1
Source of Fincl Data
Owner: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Sewer-In & Connected: 1
Parking Features
Free: 1
Paved: 1
Electric
SRP: 1
Gas
None: 1
Owner Pays
Trash Collection: 1
Landscaping: 1
New Financing
Cash: 1
VA: 1
Conventional: 1
FHA: 1
No Carry: 1
1031 Exchange: 1
Existing 1st Loan
Treat as Free&Clear: 1
Reports/Disclosures
Seller Prop Disc Stm: 1
Environmental
None: 1
Contact Info
List Agent Home Phn: 480-503-0700
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
# 2 Bedroom Units: 4
Avg Rent: 702.5
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: Arizona Ave and Pecos
Directions: Go West on Pecos to Palm Lane. Fourplex is on the corner of Pecos and Palm Lane.
Geo Lat: 33.29193
Geo Lon: -111.845696
Status Change Info
Off Market Date: 2024-04-24
Under Contract Date: 2024-04-24
Close of Escrow Date: 2024-05-31
Sold Price: $803,000
Income Expenses
Gross Annual Sch Inc: 33720
Net Operating Income: 29393
Property Features
Project Type: Four Plex
Construction: Block; Wood Frame
Const - Finish: Painted; Stucco; Siding
Roofing: Composition
Floors: Vinyl; Carpet
Sale Includes: Land & Building
Community Features: No Pool
Exterior Amenities: Landscape Water System; Green Landscaping; Desert Landscaping; Sidewalk(s)
Interior Features: Unfurnished
Appliances Included: Free-Standing Range; Refrigerator; Dishwasher; Disposal; W/D Hookup
Cooling: Heat Pump
Water Source: City Franchise
Sewer: Sewer - Public; Sewer-In & Connected
Electric: SRP
Gas: None
Parking Features: Free; Paved
Road Surface Type: Gravel; Concrete
Owner Pays: Trash Collection; Landscaping
Tenant Pays: Water; Electricity; Cable TV
Source of Fincl Data: Owner
Status Update: Multiple Offers Recd
Showing Notification Methods: Text; Phone Call
Lockbox Type: None
Existing 1st Loan: Treat as Free&Clear
New Financing: Cash; VA; FHA; Conventional; No Carry; 1031 Exchange
Environmental: None
Listing Office:
Firebird Housing
Last Updated: May - 19 - 2025
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