$420,000
$435,000
3.4%For more information regarding the value of a property, please contact us for a free consultation.
498 E DETROIT Street Chandler, AZ 85225
Key Details
Sold Price $420,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Lot 8 Greater Chandler
MLS Listing ID 6188591
Sold Date 03/24/21
Year Built 1946
Annual Tax Amount $776
Tax Year 2020
Lot Dimensions 110X297
Source Arizona Regional Multiple Listing Service (ARMLS)
Property Description
HOME WAS REMODELED IN ABOUT 2005, HAS 3 BEDROOMS, 2 BATHS, WALK-IN CLOSETS IN ALL BEDROOMS, CEILING FANS T/O, KITCHEN HAS SMOOTH TOP RANGEM MICROWAVE, INSIDE LAUNDRY, DUAL PANE WINDOWS. MOBILE HOMES ARE OWNED BY THE TENANTS, ALL ARE VERY LONG TERM. HOME IS RENTED AT ABOUT $1000/MO. ON SECTION 8 HOUSING, RENT IS BELIEVED TO BE BELOW MARKET, WHICH AFFECTS CAP RATE---DO NOT DISTURB. NORMAL FINANCING APPEARS TO BE AN ISSUE DUE TO DUAL ZONING, HAVE BEEN TOLD THIS PROJECT WOULD BE NON-CONFORMING, SELLER WANTS CASH SALE. POSSIBLY BUYER COULD LOOK INTO COMMERCIAL FINANCING
Location
State AZ
County Maricopa
Community Lot 8 Greater Chandler
Area Maricopa
Zoning MH1
Direction GO EAST ON CHANDLER BLVD , TURN LEFT ON EXETER, TO DETROIT
Interior
Heating Natural Gas
Cooling Ceiling Fan(s), Electric
Flooring Carpet
Appliance Free-Standing Range, Disposal, Dishwasher, Refrigerator, Microwave, W/D Hookup
Exterior
Parking Features Free, >1 Space Per Unit
Community Features No Pool
Roof Type Composition
Private Pool No
Building
Sewer Sewer-In & Connected, Public Sewer
Water Master Meter, City Franchise
New Construction No
Schools
Elementary Schools Galveston Elementary School
Middle Schools Willis Junior High School
High Schools Chandler High School
School District Chandler Unified District
Others
Senior Community No
Tax ID 302-63-009
Acceptable Financing Other (See Remarks)
Disclosures Seller Prop Disc Stm
Listing Terms Other (See Remarks)
Financing Cash
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