350 E Detroit Street

    Chandler, AZ 85225
    • $1,700,000
    • STATUS: Active
    • ON SITE: 139 days
    • MLS #: 5830104
    UPDATED: 8 min ago
    $1,700,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Multi-Family
    Built:
    1987
    County:
    Area:

    School Ratings & Info

    Description

    Rare opportunity to purchase four well maintained one story fourplexes in an excellent rental area less than one mile from downtown Chandler. All of the units have long time tenants. Purchase can be split with eight units on Commonwealth offered at $800,000 or eight units on Detroit/Nevada offered at $900,000.Buyer must drive the properties before an offer will be considered. The Seller is firm on the price, not subject to Appraisal or financing and wants to sell ''As Is''. 1031 Exchanges are welcome. Drive by only, please do not disturb the tenants. Residential financing may be available

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    © 2019 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 2019-02-23T10:11:09.843.
    www.yosthomes.com/homes/88282111

    350 E Detroit Street Chandler, AZ 85225

    • Price: $1,700,000
    • Status: Active
    • Updated: 8 min ago
    • MLS #: 5830104
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1987
    Built
    Neighborhood:
    Greater Chandler Add Blk 7
    County:
    Maricopa
    Area:
    Chandler
    School District:
    080 - Chandler Unified District
    Property Description
    Rare opportunity to purchase four well maintained one story fourplexes in an excellent rental area less than one mile from downtown Chandler. All of the units have long time tenants. Purchase can be split with eight units on Commonwealth offered at $800,000 or eight units on Detroit/Nevada offered at $900,000.Buyer must drive the properties before an offer will be considered. The Seller is firm on the price, not subject to Appraisal or financing and wants to sell ''As Is''. 1031 Exchanges are welcome. Drive by only, please do not disturb the tenants. Residential financing may be available
    Exterior Features

    Construction Frame - Wood Construction Finish Painted Covered Parking Spaces 8.00 Exterior Amenities Partially Fenced Lot Size Dimensions irr Parking Carport>1 Space Per UnitStreet Parking Roads Asphalt/Blacktop Roofing Comp Shingle Total Parking Spaces 32.00

    Interior Features

    1 Bedroom Unit Avg Sq Ft 720 1 Bedroom Unit Baths 1 2 Bedroom Unit Avg Sq Ft 755 2 Bedroom Units Baths 1 3 Bedroom Unit Avg Sq Ft 0 3 Bedroom Unit Baths 0 4 Bedroom Unit Avg Sq Ft 0 4 Bedroom Unit Baths 0 Appliances Included F/S Oven/RangeW/D HookupDisposal Cooling IndividualHeat Pump Efficiency Unit Avg Sq Ft 0 Efficiency Unit Baths 0 Floors CarpetCeramic Tile Heating Electric Interior Amenities Fire/Smoke Alarm(S)

    Property Features

    1 Bedroom Unit Avg Rent 640.00 1 Bedroom Units 1 2 Bedroom Unit Avg Rent 757.00 2 Bedroom Units 15 3 Bedroom Unit Avg Rent 0.00 3 Bedroom Units 0 4 Bedroom Unit Avg Rent 0.00 4 Bedroom Units 0 Adjusted Gross Inc 139598.52 Annual Elec Exp 720.00 Annual Gas Exp 0.00 Annual Ins Exp 5582.00 Annual Land Lse Exp 0.00 Annual Landscape Exp 0.00 Annual Legal And Acctg 0.00 Annual Maint Exp 26979.00 Annual Mgmt Exp 4188.00 Annual Other Expense 2094.00 Annual Ownr Asoc Fee 0.00 Annual Pad Fee 0.00 Annual Rplcmnt Rsrvs 0.00 Annual Trash Exp 2000.00 Annual Wtr Swr Exp 6000.00 Community Amenities No Pool Cross Street Near Chandler & Arizona Avenue Efficiency Unit Avg Rent 0.00 Efficiency Units 0 Electric Aps Gas None Gross Annual Sch Inc 143916.00 Hoa YN No Net Operating Income 86685.00 New Financing ConventionalNo Carry1031 Exchange Operating Exp 52914.00 Other Income 0.00 Owner Pays WaterTrashSewer Payment Includes PrincipalInterest Project Type Four Plex13 - 24 Units Sale Includes Land & Building Sewer Sewer - Public Source Of Financial Data Provided By Owner Tax Municipality Chandler Taxes 5351.00 Tenant Pays ElectricCable Tv Vacancy Allowance 0.03 Water City Franchise Zoning Mh-1

    Listing courtesy of Kasten Long Commercial Group.
    © 2019 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 2019-02-23T10:11:09.843.
     
    Yost Realty Group at RE/MAX Casa Grande
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    Casa Grande AZ, 85122