1135 E CHIPMAN Road, Phoenix, AZ 85040 - MLS #6958151

images$4,770,000 images******** Beds

images******** Bath images2021

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Description

Also available as five separate offerings! This allows investors to tailor their purchase to their operational or investment objectives. Each grouping consists of no more than 4 units in 2 separate buildings which opens the door up to additional financing options. Newly constructed in 2023. Minutes from Downtown Phoenix, this high class asset combines high-end finishes, spacious modern floor plans (2BR/2BA and 3BR/2BA), and immediate access to major employment centers, transportation corridors, and urban amenities.

Property Features
Project Type: Four Plex; 5 - 12 Units; 13 - 24 Units
Construction: Wood Frame
Const - Finish: Painted; Stucco
Roofing: Foam
Floors: Vinyl; Carpet
Sale Includes: Land & Building; Laundry Equipment
Community Features: No Pool
Exterior Amenities: Landscape Water System; Desert Landscaping; Fenced; Curb(s) & Gutter(s); Cable TV Available; Patio/Balcony
Interior Features: Unfurnished; Fire/Smoke Alarm(s)
Appliances Included: Free-Standing Range; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer
Cooling: Electric; Heat Pump
Water Source: City Franchise; Individual Meter
Sewer: Sewer - Public
Electric: SRP; Individual Meter
Gas: None
Parking Features: >1 Space Per Unit; Free; Paved
Road Access Type: Dedicated Street
Road Surface Type: Asphalt
Road Responsibility: Private Maintained Road
Owner Pays: Water; Trash Collection; Landscaping
Tenant Pays: Sewer; Electricity
Source of Fincl Data: Owner; Projected Proforma; Other (See Remarks)
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
Existing 1st Loan: Conventional
Existing 1st Loan Type: Fixed
Existing 1st Loan Terms: Non Assumable
New Financing: Cash; VA; FHA; Conventional; No Carry; 1031 Exchange
Environmental: None
Contract Info
Current Price: $4,770,000
List Price: $4,770,000
Status: Active
List Date: 2025-12-02
Ownership: Fee Simple
Location Tax Legal
House Number: 1135
Compass: E
Street Name: CHIPMAN
St Suffix: Road
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85040
County Code: Maricopa
Assessor Number: 113-50-160
Tax Year: 2025
General Property Description
Lot Size Dimensions: 108x505
Year Built: 2021
Uncvrd Parking Spcs: 27
Total # of Units: 18
# of Buildings: 9
Zoning: R-3
Flood Zone: No
Elementary School District: Roosevelt Elementary District
High School District: Phoenix Union High School District
Elementary School: John F Kennedy Elementary School
High School: South Mountain High School
Remarks Misc
Cross Street: 11th Street & Roeser Road
Geo Lat: 33.401605
Geo Lon: -112.056502
Legal Info
Township: 1N
Range: 3E
Section: 28
Lot Number: 064-B
Cnty Rcrd Bk & Pg #: 113-50
Income Expenses
Gross Annual Sch Inc: 364775
Net Operating Income: 259761
Showing Notification Methods
Showing Service: No Showing Service Used
2 Bedroom Units
# 2 Bedroom Units: 10
Avg Rent: 1601
Avg SqFt: 780
# Baths: 2
3 Bedrooms Units
# 3 Bedroom Units: 8
Avg Rent: 1745
Avg SqFt: 1040
# Baths: 2