999 S PALM Lane, Chandler, AZ 85225 (MLS# 6678228)

999 S PALM Lane, Chandler, AZ 85225

$799,000

Status: Pending

Current Price: $799,000 Last Modified: 4/25/2024

Description

Location, Location, Location! Located right off of AZ Ave and 202, this rare gem of an opportunity to own a fourplex in Chandler is now available. Each unit has 2 bedrooms and 1 bath along with a full kitchen, in unit laundry, seperate HVAC units and spacious private front patio areas. The exterior of the property has just been reconditioned including a brand new roof and exterior paint in 2024. This fourplex has been well maintained while keeping the rents very low for the residents creating a stable income for the owner. New owner can adjust rents accordingly. Parking is simple on the North side of the property and there is a storage shed on the East side. Quick easy access to the 202 freeway, Walmart and much more! Definitely go see this one! Perfect for your Investment Portfolio!

More Information MLS# 6678228

Contract Info

Current Price: $799,000 List Price: $799,000 Status: Pending List Date: 2024-03-16 Ownership: Fee Simple Subagents: N Buyer/Broker: Y Buyer Broker $/%: %

Location, Tax & Legal

House Number: 999 Compass: S Street Name: PALM St Suffix: Lane City/Town Code: Chandler State/Province: AZ Zip Code: 85225 Zip4: 6892 Country: USA County Code: Maricopa Legal Description (Abbrev): LOT 15 CHIEFTAIN VILLAGE 3 MCR 010322 Subdivision: CHIEFTAIN VILLAGE 3 Assessor's Map #: 62 Assessor's Parcel #: 93 Add'l Parcels: No Assessor Number: 303-62-093 Legal: LOT 15 CHIEFTAIN VILLAGE 3 MCR 010322 Census Tract: 523104 Tax Municipality: Chandler Taxes: 1627 Tax Year: 2023 Marketing Name: 999 S Palm

General Property Description

Lot Size Dimensions: 112 x 102 Roughly Year Built: 1983 Uncvrd Parking Spcs: 12 Total # of Units: 4 # of Buildings: 1 Zoning: MF-2 Elementary School District: Chandler Unified District High School District: Chandler Unified District

Remarks & Misc

Cross Street: Arizona Ave and Pecos Directions: Go West on Pecos to Palm Lane. Fourplex is on the corner of Pecos and Palm Lane. Geo Lat: 33.29193 Geo Lon: -111.845696

Status Change Info

Status Change Date: 2024-04-24 Off Market Date: 2024-04-24 Under Contract Date: 2024-04-24

Legal Info

Township: 1S Range: 5E Section: 33 Lot Number: 15

Income & Expenses

Owner Association: No Operating Exp: 1627 Gross Annual Sch Inc: 33720 Adjusted Gross Inc: 33720 Net Operating Income: 29393

Pmt & Rate Info

Cap Rate: 3.68 Equity: 799000

Showing Notification Methods

Showing Service: Aligned Showings

2 Bedroom Units

# 2 Bedroom Units: 4 Avg Rent: 702.5 Avg SqFt: 800 # Baths: 1

Contact Info

List Agent Home Phn: 480-503-0700

Property Features

Project Type: Four Plex Construction: Block; Frame - Wood Const - Finish: Painted; Stucco; Siding Roofing: Comp Shingle Floors: Vinyl; Carpet Sale Includes: Land & Building Community Amenities: No Pool Exterior Amenities: Landscape Wtr System; Green Landscaping; Desert Landscaping Interior Amenities: Unfurnished Appliances Included: F/S Oven/Range; Refrigerator; Dishwasher; Disposal; W/D Hookup Cooling: Heat Pump Water: City Franchise Sewer: Sewer - Public; Sewer-In & Connected Electric: SRP Gas: None Parking: Free; Paved Parking Roads/Streets: Gravel; Concrete; Sidewalk(s) Owner Pays: Trash Collection; Landscaping Tenant Pays: Water; Electric; Cable TV Source of Fincl Data: Provided by Owner Status Update: Multiple Offers Recd Showing Notification Methods: Text; Phone Call Lockbox Type: None Existing 1st Loan: Treat as Free&Clear New Financing: Cash; VA; FHA; Conventional; No Carry; 1031 Exchange Reports/Disclosures: Seller Prop Disc Stm Environmental: None

Listing Office: Firebird Housing

Last Updated: April - 25 - 2024

999 S PALM Lane, Chandler, AZ 85225 (MLS# 6678228)