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690 S CALIFORNIA Street Chandler, AZ 85225
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Key Details
Sold Price $381,500
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Chieftain Village
MLS Listing ID 6070914
Sold Date 06/15/20
Originating Board Arizona Regional Multiple Listing Service (ARMLS)
Year Built 1956
Annual Tax Amount $767
Tax Year 2019
Lot Dimensions 10755
Property Description
PRICE REDUCED!!! Buyer to verify all facts, figures and financials. Amazing cash flow and great DUPLEX property near Downtown Chandler! Gigantic oversized lot with huge front yard and backyard, including children's playground, making these units perfect for families! Each unit has 3 bedrooms and 1 bathroom, has a private yard, in-unit laundry, and large private driveway. Both units were recently remodeled with several updates (including new plumbing/sewer in both units!). Other updates include new flooring, interior paint, and doors/closets in several rooms across both units and a new AC system in one unit! Location is amazing -- next to major shopping centers, restaurants, central freeways, and top-tier Chandler schools. Both units are rented, and tenants are great and always on-time; Rent for each unit is $1250 (plus tenants pay own gas/electricity, and are backcharged for water, sewer, and trash!), but plenty of room to further increase rents. Proforma rent is $1450 for each unit, and proforma Section 8 rents are between $1500-$1650+ for each unit (see screenshot in photos)! No HOA and fantastic cap rate! Hurry - this won't last long - don't miss out on this rare multi-family property with both great financials and real-estate fundamentals! Please do not disturb tenants, interior showing after signed and accepted contract.
Location
State AZ
County Maricopa
Community Chieftain Village
Zoning multifamily
Direction W on Pecos Rd, N on California St to duplex on corner
Interior
Heating Electric, Natural Gas
Cooling 2 or More Units, Central A/C
Appliance Dishwasher, Disposal, Refrigerator, WD Hookup, Microwave, WasherDryer
Exterior
Parking Features Assigned
Community Features Play Area, No Pool
Roof Type See Remarks, Composition
Total Parking Spaces 6
Building
Sewer Public Sewer
Water City Franchise
New Construction No
Schools
Elementary Schools Frye Elementary School
Middle Schools Bogle Junior High School
High Schools Hamilton High School
School District Chandler Unified District
Others
Senior Community No
Tax ID 303-62-021-B
Acceptable Financing Conventional, FHA, VA Loan
Listing Terms Conventional, FHA, VA Loan
Financing Other
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