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960 N JAY Street #C Chandler, AZ 85225
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Key Details
Sold Price $590,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Holiday Addition
MLS Listing ID 6123496
Sold Date 10/09/20
Originating Board Arizona Regional Multiple Listing Service (ARMLS)
Year Built 1980
Annual Tax Amount $1,445
Tax Year 2019
Lot Dimensions 8712 sqft
Property Description
Amazing cash flow and great multi family units 8 bedrooms/ 4 bathrooms investment opportunity! Very rare and desirable units in Chandler! All 4 units are 2 bedroom 1 bath. The tenant pays their own electric and the owner pays water/trash. Exterior updates includes new roof with 5 year warranty. Washer and dryer hookups for each unit! Excellent Chandler location close to everything! Minutes from the 202! Maintenance work including A/C and safety repairs are up to date! All Units are rented. Owner will be replacing all dishwashers, stoves and hoods.Very low vacancy, easy to rent and easy to manage.
NO HOA! Location is amazing -- next to major shopping centers, restaurants, central freeways, and top-tier Chandler schools. All units are rented, and tenants are great and always on-time; Rent for 3 units is $980.30 (plus tenants pay own gas/electricity, one tenant pays 925.00 plus $50 for water, but plenty of room to further increase rents. Section 8 rent is $1300-$1400 for each unit, (see screenshot in photos)! 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.
Location
State AZ
County Maricopa
Community Holiday Addition
Zoning MF-2
Direction East on Ray Rd. to Jay St. Right on Jay St. Units on right corner.
Interior
Heating Electric
Cooling Central A/C, Individual
Appliance Dishwasher, Disposal, Refrigerator, WD Hookup
Exterior
Parking Features Assigned
Community Features No Pool
Roof Type Composition
Total Parking Spaces 4
Building
Sewer Public Sewer
Water City Franchise
New Construction No
Schools
School District Chandler Unified District
Others
Senior Community No
Tax ID 302-49-205
Acceptable Financing Conventional, FHA, VA Loan
Listing Terms Conventional, FHA, VA Loan
Financing Cash
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