365 N ALMA SCHOOL Road B, Chandler, AZ 85224
$345,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$345,000
Last Modified:
9/03/2017
Overview
Description
100 % occupied. Long term seller retiring. All rents $100+ a month or so below market. Seller's loss is your gain.
Sold day one on brokers website. This listing added to MLS for COMPARISON purposes only.
This offering was sold significantly higher than the closed sale price.
Seller decided not to carry the note and this would have sold close to list price as verified by the backup offers.
Similar units adjacent to this offering were leased $100 a month higher.
All facts and figures believed to be correct but buyer to verify ALL during DD period.
Listing Details MLS# 5655489
Location, Tax & Legal
- Map Code/Grid
- T38
- House Number
- 365
- Compass
- N
- Street Name
- ALMA SCHOOL
- St Suffix
- Road
- City/Town Code
- Chandler
- State/Province
- AZ
- Zip Code
- 85224
- Zip4
- 4378
- County Code
- Maricopa
- Subdivision
- OWNERS PLAT
- Assessor Number
- 302-52-004-B
- Tax Year
- 2016
- Unit #
- B
- Assessor's Map #
- 52
- Legal Description (Abbrev)
- LOT 1 OWNERS PLAT MCR 007941
- Assessor's Parcel #
- 4
- Assessor Parcel Ltr
- B
- Add'l Parcels
- No
- Tax Municipality
- Chandler
- Census Tract
- 523002
- Taxes
- 1061
- Legal
- LOT 1 OWNERS PLAT MCR 007941
- Marketing Name
- Chandler Fabulous FourPle
Contract Info
- Ownership
- Fee Simple
General Property Description
- Lot Size Dimensions
- 10533
- Year Built
- 1963
- Uncvrd Parking Spcs
- 5
- Total # of Units
- 4
- # of Buildings
- 2
- Zoning
- Multi
- Elementary School District
- Chandler Unified District
- High School District
- Chandler Unified District
Remarks Misc
- Cross Street
- Alma School & Erie
- Directions
- Just north of Chandler and South of Erie
Status Change Info
- Off Market Date
- 2017-09-02
- Under Contract Date
- 2017-08-25
- Close of Escrow Date
- 2017-09-01
Legal Info
- Township
- 1S
- Range
- 5E
- Section
- 28
- Lot Number
- Yes
More Information
Income Expenses
- Gross Annual Sch Inc
- 29028
- Net Operating Income
- 18222.1
2 Bedroom Units
- # 2 Bedroom Units
- 4
- Avg Rent
- 625
- Avg SqFt
- 800
- # Baths
- Yes
Contact Info
- List Agent Home Phn
- 602-265-6617
Sold Info
- Loan Type
- Conventional
- Payment Type
- Fixed
- Closing Cost Split
- Normal - N
- Buyer Concession $/%
- $
- Seller Concession $/%
- $
- Buyer Concession to Seller
- 0
- Seller Concession to Buyer
- 0
Project Type
- Four Plex
- Yes
Construction
- Block
- Yes
Const - Finish
- Painted
- Yes
Roofing
- Composition
- Yes
Floors
- Vinyl
- Yes
- Carpet
- Yes
Sale Includes
- Building(s) Only
- Yes
Income & Expenses
- Annual Elec Exp
- 305.04
- Annual Gas Exp
- 0
- Annual Ins Exp
- 1660
- Annual Land Lse Exp
- 0
- Annual Landscape Exp
- 390
- Annual Legal & Acctg
- 0
- Annual Maint Exp
- 1439.74
- Annual Mgmt Exp
- 3500
- Annual Trash Exp
- 0
- Annual Wtr/Swr Exp
- 1698.72
- Owner Association
- No
- Annual Ownr Asoc Fee
- 0
- Annual PAD Fee
- 0
- Annual Rplcmnt Rsrvs
- 0
- Annual Other Expense
- 0
- Operating Exp
- 10054.5
- Other Income
- 0
- Vacancy Allowance
- 0.05
- Adjusted Gross Inc
- 27576.6
Pmt & Rate Info
- Cap Rate
- 0.46
- Down Payment
- 0
- Equity
- 3950000
- Down Payment %
- 0
- Monthly Payments
- 0
- Total Owed
- 0
- Assessment Balance
- 0
Community Features
- No Pool
- Yes
Heating
- Heat Pump
- Yes
- Electric
- Yes
- Central
- Yes
Cooling
- Ceiling Fan(s)
- Yes
- Electric
- Yes
- 2 or More Units
- Yes
Tenant Pays
- Gas
- Yes
- Electricity
- Yes
- Cable TV
- Yes
Appliances Included
- Refrigerator
- Yes
- Free-Standing Range
- Yes
Road Surface Type
- Asphalt
- Yes
- Concrete
- Yes
Source of Fincl Data
- Owner
- Yes
- Projected Proforma
- Yes
Water Source
- City Franchise
- Yes
Sewer
- Sewer - Public
- Yes
Parking Features
- Carport
- Yes
- On Street
- Yes
- <1 Space Per Unit
- Yes
- Paved
- Yes
- Add'l Parking Avail
- Yes
Electric
- SRP
- Yes
- Individual Meter
- Yes
Gas
- SW Gas
- Yes
- Submetered System
- Yes
Owner Pays
- Water
- Yes
- Sewer
- Yes
- Trash Collection
- Yes
New Financing
- No Carry
- Yes
- Owner May Carry
- Yes
Existing 1st Loan
- Conventional
- Yes
Existing 1st Loan Type
- Fixed
- Yes
Existing 1st Loan Terms
- Non Assumable
- Yes
Existing 2nd Loan
- Treat as Free&Clear
- Yes
Existing 2nd Loan Type
- Not Applicable
- Yes
Existing 2nd Loan Terms
- Not Applicable
- Yes
Existing 3rd Loan
- Treat as Free&Clear
- Yes
Existing 3rd Loan Type
- Not Applicable
- Yes
Reports/Disclosures
- None
- Yes
Existing 3rd Loan Terms
- Not Applicable
- Yes
Environmental
- None
- Yes
Existing Othr Ln Trm
- Not Applicable
- Yes
Efficiency Units
- Avg Rent
- 0
1 Bedroom Units
- Avg Rent
- 0
3 Bedrooms Units
- Avg Rent
- 0
4 Bedrooms Units
- Avg Rent
- 0
Property Features
Project Type:
Four Plex
Construction:
Block
Const - Finish:
Painted
Roofing:
Composition
Floors:
Vinyl; Carpet
Sale Includes:
Building(s) Only
Community Features:
No Pool
Appliances Included:
Free-Standing Range; Refrigerator
Heating:
Central; Heat Pump
Cooling:
Ceiling Fan(s); Electric; 2 or More Units
Water Source:
City Franchise
Sewer:
Sewer - Public
Electric:
SRP; Individual Meter
Gas:
SW Gas; Submetered System
Parking Features:
Carport; On Street; <1 Space Per Unit; Add'l Parking Avail; Paved
Road Surface Type:
Asphalt; Concrete
Owner Pays:
Water; Trash Collection
Tenant Pays:
Electricity; Gas; Cable TV
Source of Fincl Data:
Owner; Projected Proforma
Existing 1st Loan:
Conventional
Existing 1st Loan Type:
Fixed
Existing 1st Loan Terms:
Non Assumable
Existing 2nd Loan:
Treat as Free&Clear
Existing 2nd Loan Type:
Not Applicable
Existing 2nd Loan Terms:
Not Applicable
Existing 3rd Loan:
Treat as Free&Clear
Existing 3rd Loan Type:
Not Applicable
Existing 3rd Loan Terms:
Not Applicable
Existing Othr Ln Trm:
Not Applicable
New Financing:
No Carry; Owner May Carry
Environmental:
None
Listing Office:
Better Homes & Gardens Real Estate SJ Fowler
Last Updated: September - 03 - 2017
Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.