299 S OREGON Street, Chandler, AZ 85225
$1,350,000
Property Type:
Multiple Dwellings
Status:
UCB (Under Contract-Backups)
Current Price:
$1,350,000
Last Modified:
4/03/2024
Description
This upgraded 6-unit property is located in the heart of Chandler and walkable to all downtown amenities. Upgrades include but aren't limited to new flooring, cabinetry, countertops, bathroom vanities, & shower tiles. With a healthy unit mix of majority 2-bed/1-baths, private backyards, on-site laundry, and on-site parking, this property has a lot to offer in the booming east valley submarket. Tenants are on annual leases at high market rents. Close proximity to Chandler Fashion Center and Loops 101 & 202.
More Information MLS# 6630094
Contract Info
Current Price: $1,350,000
List Price: $1,350,000
Status: UCB (Under Contract-Backups)
List Date: 2023-11-13
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
House Number: 299
Compass: S
Street Name: OREGON
St Suffix: Street
City/Town Code: Chandler
State/Province: AZ
Zip Code: 85225
Zip4: 9592
Country: USA
County Code: Maricopa
Legal Description (Abbrev): CHANDLER BLOCK I MCR 9-2
Assessor's Map #: 9
Assessor's Parcel #: 107
Add'l Parcels: No
Assessor Number: 303-09-107
Legal: CHANDLER MCR 9/2 LOT 913 BLK I
Census Tract: 523104
Tax Municipality: Maricopa - COUNTY
Taxes: 1667
Tax Year: 2022
Marketing Name: NA
General Property Description
Lot Size Dimensions: Rectangular
Year Built: 1967
Uncvrd Parking Spcs: 8
Total # of Units: 6
# of Buildings: 1
Zoning: C-2
Elementary School District: Chandler Unified District
High School District: Chandler Unified District
Remarks & Misc
Cross Street: Arizona Ave & Frye Rd
Directions: Loop 202 freeway to Arizona Ave exit, heading northward. Turn west off of Arizona Ave onto Frye Rd. Located on NE corner of Frye Rd & Oregon St.
Geo Lat: 33.299036
Geo Lon: -111.842455
Status Change Info
Status Change Date: 2024-04-03
UCB or CCBS: UCB (Under Contract-Backups)
Legal Info
Township: 1S
Range: 5E
Section: 33
Lot Number: 913
Income & Expenses
Annual Ins Exp: 2700
Annual Trash Exp: 3500
Annual Wtr/Swr Exp: 1500
Owner Association: No
Operating Exp: 9367
Gross Annual Sch Inc: 104400
Vacancy Allowance: 0.06
Adjusted Gross Inc: 98136
Net Operating Income: 83000
Pmt & Rate Info
Equity: 1400000
Showing Notification Methods
Showing Service: Aligned Showings
1 Bedroom Units
# 1 Bedroom Units: 2
Avg Rent: 1350
Avg SqFt: 455
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 4
Avg Rent: 1500
Avg SqFt: 580
# Baths: 1
Property Features
Project Type: 5 - 12 Units
Construction: Brick
Const - Finish: Painted
Roofing: Comp Shingle
Floors: Ceramic Tile
Sale Includes: Land & Building
Community Amenities: No Pool
Exterior Amenities: Desert Landscaping
Appliances Included: F/S Oven/Range; Refrigerator
Heating: Natural Gas
Cooling: Electric; Window/Wall Unit
Water: City Franchise
Sewer: Sewer - Public
Electric: APS
Gas: SW Gas
Parking: >1 Space Per Unit
Roads/Streets: Asphalt
Owner Pays: Water; Trash Collection
Tenant Pays: Electric; Gas; Cable TV
Source of Fincl Data: Provided by Owner; Projected Proforma
Lockbox Type: None
Existing 2nd Ln Type: Not Applicable
Existing 2nd Ln Trms: Not Applicable
Existing 3rd Loan: Treat as Free&Clear
Existing 3rd Ln Type: Not Applicable
Existing 3rd Ln Trms: Not Applicable
Existing Othr Ln Trm: Not Applicable
New Financing: Conventional; 1031 Exchange; Other (See Remarks)
Reports/Disclosures: Seller Prop Disc Stm; None
Environmental: None
Listing Office: ABI Multifamily
Last Updated: April - 03 - 2024
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