Properties
Phoenix, AZ 85040 1135 E CHIPMAN Road
$4,650,000
20 more
Presented By: Orion Investment Real Estate; 480-634-6934
Home Details
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.
Presented By: Orion Investment Real Estate; 480-634-6934
Interior Features for 1135 E CHIPMAN Road
Bathrooms
Total Baths
Other Interior Features
Air Conditioning Y/NYes
FlooringCarpet, Vinyl
Heating Y/NYes
General for 1135 E CHIPMAN Road
Additional Parcels Y/NNo
Attached Garage No
Cap Rate5.45
Carport Y/NNo
CityPhoenix
Community FeaturesNo Pool
Construction MaterialsWood Frame, Painted, Stucco
CoolingElectric, Heat Pump
CountyMaricopa
DisclosuresNone
ElectricSRP, Individual Meter
Elementary SchoolJohn F Kennedy Elementary School
Elementary School DistrictRoosevelt Elementary District
Garage Y/NNo
Gross Income361003.37
HeatingElectric
High SchoolSouth Mountain High School
High School DistrictPhoenix Union High School District
Lease Considered Y/NNo
Lease Renewal Y/NNo
MobileHomeRemainsYNNo
Net Operating Income259761.0
New ConstructionNo
New Financing: CashTrue
New Financing: ConventionalTrue
New Financing: FHATrue
New Financing: VATrue
Number Of Units Total18
Occupancy TypeTenant
Open Parking Spaces27.0
Operating Expense20798.0
OwnerPaysTrash Collection, Water, Sewer, Landscaping
OwnershipFee Simple
OwnershipFee Simple
Property TypeMultiple Dwellings
Rent Control Y/NNo
RoofFoam
Senior CommunityN
SewerPublic Sewer
Standard StatusActive
StatusActive
Tax Annual Amount20798.0
Tax Lot064-B
Tax Year2025
Township1N
Year Built2021
ZoningR-3
Exterior for 1135 E CHIPMAN Road
Covered Spaces18.0
Crops Included Y/NNo
Irrigation Water Rights Y/NNo
Lot Dimensions108x505
Number of Buildings9
Parking FeaturesPaved, Free, >1 Space Per Unit
Road Surface TypeAsphalt
SpaNo
Total Parking45.0
Water SourceIndividual Meter, City Franchise
Additional Details
Price History
Schools
Elementary School
John F Kennedy Elementary School
Middle School
N/A
High School
South Mountain High School
