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    1135 E Chipman Road

    Phoenix, AZ 85040
    • $4,292,500
    • STATUS: Active
    • ON SITE: 62 days
    • MLS #: 6174494
    UPDATED: 54 min ago
    $4,292,500
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Multi-Family
    Built:
    2021
    County:
    Area:

    Description

    An awesome opportunity to purchase a unique, under construction, New-build 18 Unit Apartment Complex with separate parcels with a duplex on each parcel. Interior to include Shaker cabinets with dove-tailed drawers and slow-close hinges and drawer glides. Counter tops will be white Quartz with under-mount sinks. Stainless steel appliances in the kitchen with microwave above the electric range. Also included in each apartment will be a stackable washer & dryer. Main flooring will be durable wood-look plank with carpet in each bedroom. One (1) year Builder's warranty and Five (5) year roof warranty included. Project will be delivered at 70% rented capacity at top market rates. Detailed Info in Documents

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    © 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than Yost Realty Group at RE/MAX Casa Grande. Data last updated 2021-02-25T08:11:45.99.
    www.yosthomes.com/homes/112855472
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    1135 E Chipman Road Phoenix, AZ 85040

    • Price: $4,292,500
    • Status: Active
    • Updated: 54 min ago
    • MLS #: 6174494
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    2021
    Built
    County:
    Maricopa
    Area:
    Phoenix
    Elementary School:
    John F Kennedy Elementary School
    Middle School:
    Greenfield Junior High School
    High School:
    South Mountain High School
    School District:
    066 - Roosevelt Elementary District
    Property Description
    An awesome opportunity to purchase a unique, under construction, New-build 18 Unit Apartment Complex with separate parcels with a duplex on each parcel. Interior to include Shaker cabinets with dove-tailed drawers and slow-close hinges and drawer glides. Counter tops will be white Quartz with under-mount sinks. Stainless steel appliances in the kitchen with microwave above the electric range. Also included in each apartment will be a stackable washer & dryer. Main flooring will be durable wood-look plank with carpet in each bedroom. One (1) year Builder's warranty and Five (5) year roof warranty included. Project will be delivered at 70% rented capacity at top market rates. Detailed Info in Documents
    Exterior Features

    Construction Frame - Wood Construction Finish PaintedStucco Covered Parking Spaces 8.00 Exterior Amenities Cable Tv AvailableDesert LandscapingFencedPatio/Balcony Lot Size Dimensions 108X505 Parking >1 Space Per UnitFreePaved Parking Roads Dedicated Street Roofing Foam

    Interior Features

    1 Bedroom Unit Avg Sq Ft 0 1 Bedroom Unit Baths 0 2 Bedroom Unit Avg Sq Ft 780 2 Bedroom Units Baths 2 3 Bedroom Unit Avg Sq Ft 1044 3 Bedroom Unit Baths 2 4 Bedroom Unit Avg Sq Ft 0 4 Bedroom Unit Baths 0 Appliances Included DishwasherDisposalF/S Oven/RangeMicrowaveRefrigeratorWasher/Dryer Cooling Electric RefrigeratdHeat Pump Efficiency Unit Avg Sq Ft 0 Efficiency Unit Baths 0 Floors CarpetVinyl/Composition Heating Electric Interior Amenities Fire/Smoke Alarm(S)Unfurnished

    Property Features

    1 Bedroom Unit Avg Rent 0.00 1 Bedroom Units 0 2 Bedroom Unit Avg Rent 1230.00 2 Bedroom Units 10 3 Bedroom Unit Avg Rent 1662.00 3 Bedroom Units 8 4 Bedroom Unit Avg Rent 0.00 4 Bedroom Units 0 Adjusted Gross Inc 287556.45 Annual Ownr Asoc Fee 0.00 Community Amenities No Pool Cross Street 11th Street & Roeser Road Efficiency Unit Avg Rent 0.00 Efficiency Units 0 Electric Individual MeterSrp Gas None Gross Annual Sch Inc 302691.00 Hoa YN No Net Operating Income 211866.00 New Financing Conventional Operating Exp 1446.00 Other Income 0.00 Owner Pays LandscapingTrash Collection Project Type 13 - 24 Units Sale Includes Land & Building Sewer Sewer - Public Source Of Financial Data Projected Proforma Tax Municipality Phoenix Taxes 1446.00 Tenant Pays ElectricSewerWater Totl Mnth Rntal Inc 25141.00 Vacancy Allowance 0.05 Water City FranchiseIndividual Meter Zoning R-3 Mfh

    Listing courtesy of Exp Realty.


    © 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than Yost Realty Group at RE/MAX Casa Grande. Data last updated 2021-02-25T08:11:45.99.
     
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    Yost Realty Group at RE/MAX Casa Grande
    317 E. Cottonwood Lane, Suite C
    Casa Grande AZ, 85122