Propery Info

•  2319 sq. ft. (Per floor plan)

•  6117 sq. ft. lot

•  4 bedrooms, 4 baths (Per floor plan)

•  Year built- 1941

 

Asking Price – $1,349,000

 

4 units on serene and peaceful residential street, just north of the Chandler bike path, close to shops and restaurants in Magnolia Park. First time on the market in over 60 years, this property consists of a traditional 2 bedroom/one bath home maintaining much of its original charm. Home has a laundry room off of the kitchen. Separate building in the back consists of a two car garage and 3 units (Unit mix and rents shown above) Upper units boast high pitched ceilings and oak hardwood floors with a balcony. Property has deferred maintenance and will be sold “As is”.

  Actual Rent Market Rent    
2 br/1 bath house (905 sq. ft.) $ 1,500 $ 3,400    
1 br/ 1 bath lower unit (518 sq. ft.) 1,300 1,900    
Studio upper unit (340 sq. ft.) 1,600 1,600   Note- studio is vacant & reflects market rent
1 br./1 bath upper unit (556 sq. ft.) 1,500 1,900    
  –––––––– ––––––––    
Total mo. rent $ 5,900 $ 8,800    
         
Annual Rent $ 70,800 $ 105,000