Listing ID6403509
Sold For$968,500
StatusClosed
Sold Date8/05/2022
CountyMaricopa
Year Built1979
Property TypeMultiple Dwellings
NEWLY RENOVATED!! Everything is BRAND NEW! BEAUTIFUL 2 Bedroom/ 1 Bathroom 4 plex at Chandler/McQueen in Chandler, AZ! All 4 apartments have NEW laminate flooring, new ceiling fans, new kitchen and bathroom cabinets, new appliances, new track lighting in the kitchen, fresh paint all over, new roof, and new dual pane windows. Kitchens have all NEW stainless appliances, including a refrigerator, stove, built-in microwave, and dishwasher! Washer/Dryer hook-ups are off of the kitchen hidden away in a laundry closet! Tenants all pay 1/4 share of water/sewer/trash bill. No HOA dues. Drive by only--DO NOT DISTURB TENANTS.
County
Maricopa
Property Type
Multiple Dwellings
Year Built
1979
Zoning
Multi
2 Bedroom Units # Baths
4
2 Bedroom Units Avg SqFt
850
Cooling
Electric
Cooling
yes
Heating
Electric
Heating
yes
Community Features
No Pool
Country
US
Directions
From N Arizona Ave/ East on Chandler Blvd/ Right onto McQueen Road/ Left toward Naco Way/ Right onto Naco Way/ Complex on LEFT
Elementary School
Rudy G Bologna Elementary
Elementary School District
Chandler Unified District
General Property Description Elementary School
Rudy G Bologna Elementary
General Property Description Elementary School District2
Chandler Unified District
General Property Description High School
Perry High School
General Property Description High School District
Chandler Unified District
General Property Description Jr High School
Willis Junior High School
High School
Perry High School
High School District
Chandler Unified District
Middle Or Junior School
Willis Junior High School
Postal City
Chandler
Water Source
City Franchise
Attached Garage
no
Construction Materials
Painted, Stucco, Frame - Wood
Electric
SRP
General Property Description # of Buildings
1
General Property Description Lot Size Dimensions
8999
General Property Description Total # of Units
4
General Property Description Uncvrd Parking Spcs
6
Lot Size Dimensions
8999
Number Of Buildings
1
Number Of Units Total
4
Open Parking Spaces
6
Parking Features
>1 Space Per Unit
Parking Total
6
Road Surface Type
Asphalt
Roof
Composition
Sewer
Public Sewer
Buyer Agency Compensation
2.00
Mls Status
Closed
2 Bedroom Units Avg Rent
1565.5
Cap Rate
5.38
Disclosures
Other (See Remarks)
Gardener Expense
500
Gross Income
74392.56
Gross Scheduled Income
75144
Listing Terms
CTL, Conventional, FHA, VA Loan
Maintenance Expense
1200
Net Operating Income
64523.56
Operating Expense
9275
Owner Pays
See Remarks, Trash Collection, Water, Sewer, Landscaping
Professional Management Expense
4000
Tax Annual Amount
1475
Tax Book Number
303.00
Tax Lot
9
Tax Year
2021
Tenant Pays
Electricity, Water, Sewer, Cable TV
Trash Expense
600
Water Sewer Expense
1500
Contact - Listing ID 6403509
Michael Bohlman
2425 S. Stearman Dr. Suite 120
Chandler, AZ 85286
Phone: 480-797-3800
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