Triplex under remodel in downtown Chandler

02-21-2022
08-12-2022

257 E Oakland St, Chandler, AZ 85225

NEW PLUMBING

NEW DOORS INTERIOR AND EXTERIOR

NEW ELECTRIC

NEW PARKING

NEW ROOF

NEW AIR CONDITIONERS

DUAL PANE WINDOWS

NEW CONCRETE SUBFLOORS

DELIVERY DATE IS APPROX. 4/30/2022 GUT & MODERN REMODEL

ABOVE AVERAGE FINISHES

DOWNTOWN CHANDLER

 
STAINLESS APPLIANCES

DD TO START AFTER CONSTRUCTION IS COMPLETE

QUARTZ COUNTER TOPS 

Property 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.

Unit Mix

Description No. of Units Sq ft. Avg. Monthly Rent
1 bedroom 1 bath 3 600 $ 1,750

Key Property Information

Listing Status
Under Contract
Listing Type
Highest & best offer
Multifamily type
2-4 Units
Price
$ 895,000
No. of Units
3
Cap Rate
5.7%
Average Occupancy
100%
Year Built
1956
Year Renovated
2022
Building Size
1,599 Sq ft
Lot Size
6085 sq ft
No. of Stories
1
APN
302-64-139
Zoning Code
M-1
No. of Parking Spots
6
Opportunity Zone
No
Buy Side Fee
3%
Price per unit
$ 298,333

Financial Details

Gross Income
$ 63,000
Effective Gross Income
$ 61,100
Operating Expenses
$ 10,004
Net Operating Income
$ 51,096
View broker details
Sign in to use the inquiry form

33.311462, -111.838099