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    261 W Elgin Street

    Chandler, AZ 85225
    • $699,900
    • STATUS: Pending
    • MLS #: 6248799
    Pending
    UPDATED: 43 min ago
    $699,900
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Multi-Family
    Built:
    1950
    County:
    Area:

    School Ratings & Info

    Description

    Within walking distance to Downtown Chandler. House and triplex. Property sits on two lots that total over a 1/4 acre. House is approximately 1239SF, built in 1950 and has 3 beds, 1 bath, with an office and a large laundry area. The triplex consists of all 2 bed/1 bath apartments and was built in 1984. All units have washer dryer hookups and private yards. House has all new synthetic stucco, all new landscaping with pavers, new shingles and some new decking, The interior of the house has all new appliances, new kitchen and bath counters and cabinets, new waterproof vinyl plank flooring, new water heater, new plumbing, new electrical, new interior doors, new front door, new dual pane windows, new tub and tub surround, new lighting, new texture, and new paint.One of the apartments has been remodeled with new texture, paint, kitchen & bath counters and cabinets, new interior doors, new wood look plank flooring, new ceiling fans, lighting, new appliances, and new block fencing with RV gate and RV electrical hookup. The roof in the triplex has a new second layer of shingles, some of the siding was replaced, exterior paint , and new landscaping to include pavers and synthetic grass. Currently, three units are occupied $1150/month on the remodeled apartment and $750/month on the two that are not remodeled. The house is currently vacant. New A/C has been installed on the house on 7/23/21. Current water bill has been averaging just under $150/month. Taxes on both lots for 2020 total $1542/year. THERE ARE NO HISTORICAL FINANCIALS AVAILABLE. There is gas to the property but is currently only being used for heat in the house. All units on package A/C's. PROPERTY IS LOCATED WITHIN AN OPPORTUNITY ZONE.

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    © 2021 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 A.Z. & Associates Real Estate Group. Data last updated 2021-08-03T09:10:54.923.
    www.soldbytlt.com/homes/119125851
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    261 W Elgin Street Chandler, AZ 85225

    • Price: $699,900
    • Status: Pending
    • Updated: 43 min ago
    • MLS #: 6248799
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1950
    Built
    County:
    Maricopa
    Area:
    Chandler
    School District:
    080 - Chandler Unified District
    Property Description
    Within walking distance to Downtown Chandler. House and triplex. Property sits on two lots that total over a 1/4 acre. House is approximately 1239SF, built in 1950 and has 3 beds, 1 bath, with an office and a large laundry area. The triplex consists of all 2 bed/1 bath apartments and was built in 1984. All units have washer dryer hookups and private yards. House has all new synthetic stucco, all new landscaping with pavers, new shingles and some new decking, The interior of the house has all new appliances, new kitchen and bath counters and cabinets, new waterproof vinyl plank flooring, new water heater, new plumbing, new electrical, new interior doors, new front door, new dual pane windows, new tub and tub surround, new lighting, new texture, and new paint.One of the apartments has been remodeled with new texture, paint, kitchen & bath counters and cabinets, new interior doors, new wood look plank flooring, new ceiling fans, lighting, new appliances, and new block fencing with RV gate and RV electrical hookup. The roof in the triplex has a new second layer of shingles, some of the siding was replaced, exterior paint , and new landscaping to include pavers and synthetic grass. Currently, three units are occupied $1150/month on the remodeled apartment and $750/month on the two that are not remodeled. The house is currently vacant. New A/C has been installed on the house on 7/23/21. Current water bill has been averaging just under $150/month. Taxes on both lots for 2020 total $1542/year. THERE ARE NO HISTORICAL FINANCIALS AVAILABLE. There is gas to the property but is currently only being used for heat in the house. All units on package A/C's. PROPERTY IS LOCATED WITHIN AN OPPORTUNITY ZONE.
    Exterior Features

    Construction Frame - Wood Construction Finish PaintedSidingStucco Covered Parking Spaces 8.00 Lot Size Dimensions 100 X 130 Parking Carport Roads Asphalt Roofing Comp Shingle

    Interior Features

    1 Bedroom Unit Avg Sq Ft 0 1 Bedroom Unit Baths 0 2 Bedroom Unit Avg Sq Ft 750 2 Bedroom Units Baths 1 3 Bedroom Unit Avg Sq Ft 1239 3 Bedroom Unit Baths 1 4 Bedroom Unit Avg Sq Ft 0 4 Bedroom Unit Baths 0 Appliances Included Bi Oven/RangeW/D HookupRefrigerator Cooling ElectricHeat Pump Efficiency Unit Avg Sq Ft 0 Efficiency Unit Baths 0 Floors Vinyl Heating ElectricNatural GasIndividual

    Property Features

    1 Bedroom Unit Avg Rent 0.00 1 Bedroom Units 0 2 Bedroom Unit Avg Rent 1083.00 2 Bedroom Units 3 3 Bedroom Unit Avg Rent 1500.00 3 Bedroom Units 1 4 Bedroom Unit Avg Rent 0.00 4 Bedroom Units 0 Adjusted Gross Inc 54150.00 Annual Elec Exp 0.00 Annual Gas Exp 0.00 Annual Ins Exp 1800.00 Annual Land Lse Exp 0.00 Annual Landscape Exp 0.00 Annual Legal And Acctg 0.00 Annual Maint Exp 2400.00 Annual Mgmt Exp 0.00 Annual Ownr Asoc Fee 0.00 Annual Trash Exp 0.00 Annual Wtr Swr Exp 2400.00 Community Amenities No Pool Cross Street Arizona Ave & Chandler Blvd Efficiency Unit Avg Rent 0.00 Efficiency Units 0 Electric Aps Gas Sw Gas Gross Annual Sch Inc 57000.00 Hoa YN No Net Operating Income 46008.00 New Financing ConventionalVaNo CarryFha Operating Exp 8142.00 Other Income 0.00 Other Type House + Rental Units Owner Pays SewerWaterTrash Collection Project Type Four Plex Sale Includes Land & Building Sewer Sewer - Public Source Of Financial Data Projected Proforma Special Owner/Agent Tax Municipality Chandler Taxes 1542.00 Tenant Pays ElectricGas Vacancy Allowance 0.05 Water City Franchise Zoning Mf-1

    Listing courtesy of S. J. Fowler Real Estate Inc..


    © 2021 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 A.Z. & Associates Real Estate Group. Data last updated 2021-08-03T09:10:54.923.
     
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    Glendale AZ, 85308