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

Overview

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..

Listing Details MLS# 1045220

ContractAddressLegal

Original List Price
895000
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

General Property Description

Lot #
Yes
Aprx Acres
0.14
Total Liveable SqFt
1599
Source of Measuremnt
Appraiser
Year Built
1956
Management
Mgmt Company
Gross Vol/Yr $
63000
NOI $
51096
Vac Rate %
3
Cap %
5.71
Baths - Full
3

Tax Info

Taxes
619
Tax Year
2021

Status Change Info

Under Contract Date
2022-04-29
Sold Date
2022-08-16
Sold Price/SqFt
528
Financing
Cash

Unit 1

# BR
Yes
# BA
Yes
SqFt
600
Rent $
1750

Unit 2

# BR
Yes
# BA
Yes
SqFt
600
Rent $
1750

More Information

Unit 3

# BR
Yes
# BA
Yes
SqFt
600
Rent $
1750

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

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..

Building Type

Triplex
Yes

Construction

Frame - Wood
Yes
Stucco
Yes

Cooling

Ceiling Fan(s)
Yes
Heat Pump
Yes

External Amenities

Fence
Yes
Landscaped
Yes
Laundry Facilities
Yes

Flooring

Tile
Yes

Heating

Heat Pump
Yes

Owner Pays

Sewer
Yes
Trash
Yes
Water
Yes

Possession

At Recordation
Yes

Records Available

None
Yes

Road Frontage Type

City Street
Yes

Road Surface Type

Paved
Yes

Road Responsibility

City Maintained Road
Yes

Roof

Asphalt Shingle
Yes

Terms & Conditions

Conventional
Yes
FHA
Yes
VA
Yes

Utilities Installed

Cable TV
Yes
Electricity
Yes
Individual Meter
Yes
Master Meter
Yes
Water - City
Yes
WWT - City Sewer
Yes

Water Heater

Electric
Yes

Unit 1 Info

Ceiling Fan(s)
Yes
Dishwasher
Yes
Disposal
Yes
Fire/Smoke Detectors
Yes
Microwave
Yes
Porch/Patio
Yes
Range/Oven
Yes
Refrigerator
Yes
Storage Room
Yes
W/D Connection
Yes
Other - See Remarks
Yes

Unit 2 Parking

2 Car
Yes

Unit 2 Info

Ceiling Fan(s)
Yes
Dishwasher
Yes
Disposal
Yes
Fire/Smoke Detectors
Yes
Laundry Room
Yes
Microwave
Yes
Porch/Patio
Yes
Range/Oven
Yes
Refrigerator
Yes
Storage Room
Yes
Other - See Remarks
Yes

Unit 3 Parking

2 Car
Yes

Unit 3 Info

Ceiling Fan(s)
Yes
Dishwasher
Yes
Disposal
Yes
Fire/Smoke Detectors
Yes
Range/Oven
Yes
Refrigerator
Yes
Storage Room
Yes
W/D Connection
Yes

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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