Real Estate in Phoenix
Marcela Grace Moat
855-286-2202855-286-2202

1002 E Commonwealth Place, Chandler, AZ 85225 (MLS # 6062789)

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PRICE $475,000
BEDS n/a
BATHS 0 baths
HOME SIZE n/a
LOT SIZE n/a

Sharp Chandler 4-plex in extremely tight rental sub-market. Property offers 100% 2-bed units with significant rent upside. In 2018 a new roof was installed. Since then, ownership has lightly upgraded one of the units and has completed numerous repairs on property. Rents are still below $1.00/SF allowing significant upside for a value-add strategy. DO NOT DISTURB TENANTS - NO SHOWINGS WITHOUT ACCEPTED CONTRACT.

DAYS ON MARKET 2 LAST UPDATED 5/25/2020
TRACT S & H Apartments Lot 1-15 YEAR BUILT 1979
COUNTY Maricopa STATUS Pending
PROPERTY TYPE(S) Multi Family

SCHOOLS
School District Chandler Unified District (080)
Grade School Chandler Unified District (080)


ADDITIONAL DETAILS
1 BEDROOM UNITS: # 1 BEDROOM UNITS 0
1 BEDROOM UNITS: # BATHS 0
1 BEDROOM UNITS: AVG RENT 0.00
1 BEDROOM UNITS: AVG SQFT 0
2 BEDROOM UNITS: # 2 BEDROOM UNITS 4
2 BEDROOM UNITS: # BATHS 1
2 BEDROOM UNITS: AVG RENT 769.00
2 BEDROOM UNITS: AVG SQFT 775
3 BEDROOMS UNITS: # 3 BEDROOM UNITS 0
3 BEDROOMS UNITS: # BATHS 0
3 BEDROOMS UNITS: AVG RENT 0.00
3 BEDROOMS UNITS: AVG SQFT 0
4 BEDROOMS UNITS: # 4 BEDROOM UNITS 0
4 BEDROOMS UNITS: # BATHS 0
4 BEDROOMS UNITS: AVG RENT 0.00
4 BEDROOMS UNITS: AVG SQFT 0
APPLIANCES INCLUDED Disposal, F/S Oven/Range, Refrigerator, W/D Hookup, Washer/Dryer
COMMUNITY AMENITIES Barbecue Area(s), No Pool
CONST - FINISH Painted, Stucco
CONSTRUCTION Frame - Metal
COOLING Central A/C, Heat Pump
COUNTY CODE Maricopa
ELECTRIC APS
EXTERIOR AMENITIES Desert Landscaping, Security Light(s)
FLOORS Carpet, Ceramic Tile, Vinyl/Composition
GAS None
HEATING Electric, Heat Pump
INCOME & EXPENSES: ADJUSTED GROSS INC 36144.00
INCOME & EXPENSES: ANNUAL ELEC EXP 0.00
INCOME & EXPENSES: ANNUAL GAS EXP 0.00
INCOME & EXPENSES: ANNUAL INS EXP 1000.00
INCOME & EXPENSES: ANNUAL LAND LSE EXP 0.00
INCOME & EXPENSES: ANNUAL LANDSCAPE EXP 500.00
INCOME & EXPENSES: ANNUAL LEGAL & ACCTG 0.00
INCOME & EXPENSES: ANNUAL MAINT EXP 2384.00
INCOME & EXPENSES: ANNUAL MGMT EXP 1893.00
INCOME & EXPENSES: ANNUAL OTHER EXPENSE 0.00
INCOME & EXPENSES: ANNUAL OWNR ASOC FEE 0.00
INCOME & EXPENSES: ANNUAL PAD FEE 0.00
INCOME & EXPENSES: ANNUAL RPLCMNT RSRVS 0.00
INCOME & EXPENSES: ANNUAL TRASH EXP 1000.00
INCOME & EXPENSES: ANNUAL WTR/SWR EXP 1912.00
INCOME & EXPENSES: GROSS ANNUAL SCH INC 36900.00
INCOME & EXPENSES: NET OPERATING INCOME 26041.00
INCOME & EXPENSES: OPERATING EXP 10134.00
INCOME & EXPENSES: OTHER INCOME 750.00
INCOME & EXPENSES: OWNER ASSOCIATION No
INCOME & EXPENSES: VACANCY ALLOWANCE 0.04
INTERIOR AMENITIES Fire/Smoke Alarm(s), Mini Blinds, Unfurnished
LEGAL INFO: LOT NUMBER 14
LEGAL INFO: RANGE 5E
LEGAL INFO: SECTION 35
LEGAL INFO: TOWNSHIP 1S
LOT SIZE DIMENSIONS irreg
MARKETING NAME Commonwealth 4-Plex
NEW FINANCING Other (See Remarks)
OWNER PAYS Landscaping, Sewer, Trash Collection, Water
PARKING >1 Space Per Unit, Paved Parking, Street Parking
PROJECT TYPE Four Plex
ROADS/STREETS Asphalt, Concrete
ROOFING Comp Shingle
SALE INCLUDES Land & Building
SEWER Sewer - Public
SOURCE OF FINCL DATA Provided by Owner
TAX MUNICIPALITY Chandler
TAXES 1445.00
TENANT PAYS Cable TV, Electric
TOTAL # OF UNITS 4.00
TOTAL PARKING SPCS 6.00
WATER City Franchise
ZONING M-H, MF-2

ZESTIMATE
$471686  1002 E Commonwealth Place, Chandler, AZ

RENT ZESTIMATE
$1210 / mo.  1002 E Commonwealth Place, Chandler, AZ

56 Somewhat Walkable



 
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Data last updated 5/25/20 11:03 AM PDT.
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