690 S California Street

    Chandler, AZ 85225
    • $388,888
    • STATUS: Active Under Contract
    • ON SITE: 34 days
    • MLS #: 6070914
    Under Contract
    UPDATED: 74 min ago
    $388,888
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1956
    County:
    Area:

    School Information

    Elementary School:
    Middle School:
    High School:

    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.

    Monthly Payment Calculator



    © 2020 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 Brett Tanner Home Selling Team | Keller Williams Realty Phoenix. Data last updated 2020-06-01T21:11:51.813.
    www.yournextphoenixhome.com/homes/105353423

    690 S California Street Chandler, AZ 85225

    • Price: $388,888
    • Status: Active Under Contract
    • Updated: 74 min ago
    • MLS #: 6070914
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1956
    Built
    Neighborhood:
    Chieftain Village
    County:
    Maricopa
    Area:
    Chandler
    Elementary School:
    Frye Elementary School
    Middle School:
    Bogle Junior High School
    High School:
    Hamilton High School
    School District:
    080 - Chandler Unified District
    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.
    Exterior Features

    Construction Block Construction Finish Painted Covered Parking Spaces 0.00 Exterior Amenities FencedPatio/Balcony Lot Size Dimensions 10755 Parking 1 Space/UnitAdd'l Parking AvailPaved ParkingRv/Boat Parking 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 0 2 Bedroom Units Baths 0 3 Bedroom Unit Avg Sq Ft 1000 3 Bedroom Unit Baths 1 4 Bedroom Unit Avg Sq Ft 0 4 Bedroom Unit Baths 0 Appliances Included DishwasherDisposalMicrowaveRefrigeratorW/D HookupWasher/Dryer Cooling 2 Or More UnitsCentral A/C Efficiency Unit Avg Sq Ft 0 Efficiency Unit Baths 0 Floors Ceramic Tile Heating ElectricGas Interior Amenities Mini BlindsUnfurnished

    Property Features

    1 Bedroom Unit Avg Rent 0.00 1 Bedroom Units 0 2 Bedroom Unit Avg Rent 0.00 2 Bedroom Units 0 3 Bedroom Unit Avg Rent 1250.00 3 Bedroom Units 2 4 Bedroom Unit Avg Rent 0.00 4 Bedroom Units 0 Adjusted Gross Inc 31200.00 Annual Elec Exp 0.00 Annual Gas Exp 0.00 Annual Ins Exp 1200.00 Annual Land Lse Exp 0.00 Annual Landscape Exp 0.00 Annual Legal And Acctg 0.00 Annual Maint Exp 0.00 Annual Mgmt Exp 900.00 Annual Other Expense 0.00 Annual Ownr Asoc Fee 0.00 Annual Pad Fee 0.00 Annual Rplcmnt Rsrvs 0.00 Annual Trash Exp 500.00 Annual Wtr Swr Exp 400.00 Community Amenities No PoolPlay Area Cross Street Arizona Ave & Pecos Rd Efficiency Unit Avg Rent 0.00 Efficiency Units 0 Electric Aps Gas Sw Gas Gross Annual Sch Inc 30000.00 Hoa YN No Net Operating Income 27433.00 New Financing ConventionalFhaVa Operating Exp 3767.00 Other Income 1200.00 Owner Pays SewerTrash CollectionWater Project Type Duplex Sale Includes Land & Building Sewer Sewer - Public Source Of Financial Data Provided By Owner Tax Municipality Chandler Taxes 767.00 Tenant Pays Cable TvElectric Totl Mnth Rntal Inc 2500.00 UCB Ucb (Under Contract-Backups) Vacancy Allowance 0.00 Water City Franchise Zoning Multifamily

    Listing courtesy of Exp Realty.


    © 2020 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 Brett Tanner Home Selling Team | Keller Williams Realty Phoenix. Data last updated 2020-06-01T21:11:51.813.
     
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