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$4,292,500
1135 E Chipman Rd, Phoenix, AZ 85040
0 Beds
0 Baths
n/a sqft

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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
  • Price:
  • $4,292,500
  • Year Built:
  • 2021
  • Listing ID #:
  • 6174494
  • Street Address:
  • 1135 E Chipman Rd
  • City:
  • Phoenix
  • State:
  • Arizona
  • Postal Code:
  • 85040
  • County:
  • Maricopa
  • Listing Status:
  • Pending
  • Listing Type:
  • ResidentialMultiFamily
0
out of 5

John F Kennedy Elementary School
Public
School Grade Level K-4
School Students 492 students
School Teachers 22 student/
teacher
4
out of 5

Greenfield Junior High School
Public
School Grade Level 7-8
School Students 920 students
School Teachers 20 student/
teacher
0
out of 5

South Mountain High School
Public
School Grade Level 9-12
School Students 2174 students
School Teachers 16 student/
teacher
  • Construction Description:
  • Frame - Wood
  • Exterior Features:
  • Cable Tv Available, Desert Landscaping, Fenced, Patio/Balcony
  • Flooring:
  • Carpet, Vinyl/Composition
  • Interior Features:
  • Fire/Smoke Alarm(s), Unfurnished
  • Number Of Units:
  • 18.00
  • Siding:
  • Painted, Stucco
  • Type Of Roof:
  • Foam
  • Year Built:
  • 2021
  • Adjusted Gross Income:
  • 287556.45
  • Net Operating Income:
  • 211866.00
  • Operating Expense:
  • 1446.00
  • Conforms To Zoning:
  • R-3 Mfh
  • Community Features:
  • No Pool
  • Included In Sale:
  • Land & Building
  • Terms:
  • Conventional
  • Owner Pays:
  • Landscaping, Trash Collection
  • Property Taxes:
  • $1,446
  • Tenant Pays:
  • Electric, Sewer, Water
  • Covered Parking Spaces:
  • 8.00
  • Parking Description:
  • >1 Space Per Unit, Free, Paved Parking
  • Parking Spaces:
  • 35.00
  • Appliances:
  • Dishwasher, Disposal, F/S Oven/Range, Microwave, Refrigerator, Washer/Dryer
  • Cooling System:
  • Electric Refrigeratd, Heat Pump
  • Electricity:
  • Individual Meter, Srp
  • Existing Water:
  • City Franchise, Individual Meter
  • Heating:
  • Electric
  • Sewage Type:
  • Sewer - Public
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo

Source: CINC

  • Listings Provided by Exp Realty
  • ARMLS

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