257 E Oakland Street, Chandler, AZ 85225
$845,000
Property Type:
Multi-Family
Square Footage:
1,599
Lot Size (sq. ft.):
6,098
Status:
Closed
Current Price:
$845,000
List Date:
2/13/2022
Last Modified:
8/17/2022
Description
What an amazing opportunity to acquire a fully gutted and remodeled Triplex in the heart of Chandler. The property is currently under construction and should be available to close in the next 60 days. All new windows, stainless steel appliances, hot water heaters, air conditioners, roof, and so much more. See the Documents for a full list of improvements. Projected rents are $1,750 per door. Should have zero capital expenses for a long time. Buyer to verify all facts and figures..
More Information MLS# 1045220
Contract/Address/Legal
List Price/SqFt: 560
Rent/Lease: No
REO/Short Sale: Not Applicable
Zoning: MF-1
Assessor's Book #: 302
Assessor's Map #: 64
Assessor's Parcel #: 139
Legal: Legal Description supplied by Title to govern
General Property Description
Aprx Acres: 0.14
Lot #: 1
Lot Size: 6085
Source of Measuremnt: Appraiser
Management: Mgmt Company
Gross Vol/Yr $: 63000
Vac Rate %: 3
Total Liveable SqFt: 1599
Year Built: 1956
NOI $: 51096
Cap %: 5.71
Baths - Full: 3
Tax Info
Taxes: 619
Tax Year: 2021
Remarks & Misc
Directions: Ray Road and Chandler Blvd
South on Chandler Blvd to Oakland Street and turn East to the Property. Property is on the south side of the street
Remarks: What an amazing opportunity to acquire a fully gutted and remodeled Triplex in the heart of Chandler. The property is currently under construction and should be available to close in the next 60 days. All new windows, stainless steel appliances, hot water heaters, air conditioners, roof, and so much more. See the Documents for a full list of improvements. Projected rents are $1,750 per door. Should have zero capital expenses for a long time. Buyer to verify all facts and figures..
Status Change Info
Sold Price/SqFt: 528
Financing: Cash
Under Contract Date: 2022-04-29
Sold Date: 2022-08-16
Sold Price: $845,000
Building Type
Triplex: 1
Construction
Frame - Wood: 1
Stucco: 1
Cooling
Ceiling Fan(s): 1
Heat Pump: 1
External Amenities
Fence: 1
Landscaped: 1
Laundry Facilities: 1
Flooring
Tile: 1
Heating
Heat Pump: 1
Owner Pays
Sewer: 1
Trash: 1
Water: 1
Possession
At Recordation: 1
Records Available
None: 1
Road Frontage Type
City Street: 1
Road Surface Type
Paved: 1
Road Responsibility
City Maintained Road: 1
Roof
Asphalt Shingle: 1
Terms & Conditions
Conventional: 1
FHA: 1
VA: 1
Utilities Installed
Cable TV: 1
Electricity: 1
Individual Meter: 1
Master Meter: 1
Water - City: 1
WWT - City Sewer: 1
Water Heater
Electric: 1
Unit 1
# BR: 1
# BA: 1
SqFt: 600
Rent $: 1750
Unit 1 Info
Ceiling Fan(s): 1
Dishwasher: 1
Disposal: 1
Fire/Smoke Detectors: 1
Microwave: 1
Porch/Patio: 1
Range/Oven: 1
Refrigerator: 1
Storage Room: 1
W/D Connection: 1
Other - See Remarks: 1
Unit 2
# BR: 1
# BA: 1
SqFt: 600
Rent $: 1750
Unit 2 Parking
2 Car: 1
Unit 2 Info
Ceiling Fan(s): 1
Dishwasher: 1
Disposal: 1
Fire/Smoke Detectors: 1
Laundry Room: 1
Microwave: 1
Porch/Patio: 1
Range/Oven: 1
Refrigerator: 1
Storage Room: 1
Other - See Remarks: 1
Unit 3
# BR: 1
# BA: 1
SqFt: 600
Rent $: 1750
Unit 3 Parking
2 Car: 1
Unit 3 Info
Ceiling Fan(s): 1
Dishwasher: 1
Disposal: 1
Fire/Smoke Detectors: 1
Range/Oven: 1
Refrigerator: 1
Storage Room: 1
W/D Connection: 1
ContractAddressLegal
Original List Price: 895000
Listing Date: 2022-02-13
Status: Closed
Listing Price: 895000
Street #: 257
Direction: E
Street Name: Oakland
St Suffix: Street
City/Township: Chandler
State: AZ
Zip Code: 85225
County: Maricopa
Tax Parcel: 302-64-139
Property Features
Building Type: Triplex
Construction: Frame - Wood; Stucco
Cooling: Ceiling Fan(s); Heat Pump
External Amenities: Fence; Landscaped; Laundry Facilities
Flooring: Tile
Heating: Heat Pump
Owner Pays: Trash; Water
Possession: At Recordation
Records Available: None
Road Frontage Type: City Street
Road Surface Type: Paved
Road Responsibility: City Maintained Road
Roof: Asphalt Shingle
Utilities Installed: Cable TV; Electricity; Individual Meter; Master Meter; Water - City; WWT - City Sewer
Water Heater: Electric
Unit 1 Info: Ceiling Fan(s); Dishwasher; Disposal; Fire/Smoke Detectors; Microwave; Porch/Patio; Range/Oven; Refrigerator; Storage Room; W/D Connection; Other - See Remarks
Unit 2 Parking: 2 Car
Unit 2 Info: Ceiling Fan(s); Dishwasher; Disposal; Fire/Smoke Detectors; Laundry Room; Microwave; Porch/Patio; Range/Oven; Refrigerator; Storage Room; Other - See Remarks
Unit 3 Parking: 2 Car
Unit 3 Info: Ceiling Fan(s); Dishwasher; Disposal; Fire/Smoke Detectors; Range/Oven; Refrigerator; Storage Room; W/D Connection
Listing Office:
Gerchick Real Estate
Last Updated: August - 17 - 2022
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