3151 E CHIPMAN Road, Phoenix, AZ 85040

$725,000

Property Type: Multiple Dwellings Status: Pending

Current Price: $725,000 Last Modified: 4/08/2025

Description

This well-maintained 4-unit building offers an excellent opportunity for investors or owner-occupants. Each unit features 2 spacious bedrooms, 1 full bath, and comfortable living areas designed for easy, low-maintenance living. Located in a desirable neighborhood with convenient access to local amenities, shopping, and public transportation, this property offers consistent rental income potential.

More Information MLS# 6790190

Contract Info

Current Price: $725,000 List Price: $725,000 Status: Pending List Date: 2024-12-02 Ownership: Fee Simple

Location Tax Legal

House Number: 3151 Compass: E Street Name: CHIPMAN St Suffix: Road City/Town Code: Phoenix State/Province: AZ Zip Code: 85040 Zip4: 2704 Country: US County Code: Maricopa Subdivision: WIER ESTATES LOTS 159-168 Assessor Number: 122-60-043 Tax Year: 2024

General Property Description

Lot Size Dimensions: 10876 Year Built: 1984 Uncvrd Parking Spcs: 8 Total # of Units: 4 # of Buildings: 1 Zoning: m-m Flood Zone: No Elementary School District: Roosevelt Elementary District High School District: Peoria Unified School District Elementary School: Roosevelt Elementary School Jr. High School: Rover Elementary School High School: South Mountain High School

Remarks Misc

Cross Street: 32nd St and Broadway Rd Directions: south on 32nd st to chipman west to property. property on the south side. Geo Lat: 33.402161 Geo Lon: -112.013312

Status Change Info

Status Change Date: 2025-04-08 Off Market Date: 2025-04-08 Under Contract Date: 2025-04-04

Legal Info

Township: 1N Range: 3E Section: 26 Lot Number: 62

Income Expenses

Gross Annual Sch Inc: 29100

Showing Notification Methods

Showing Service: No Showing Service Used

2 Bedroom Units

# 2 Bedroom Units: 4 Avg Rent: 1450 Avg SqFt: 747 # Baths: 1

Property Features

Project Type: Four Plex Construction: Block Const - Finish: Painted Roofing: Composition Floors: Vinyl Sale Includes: Land & Building Community Features: No Pool Appliances Included: Built-In Range Cooling: Ceiling Fan(s); Electric Water Source: City Franchise; Individual Meter Sewer: Sewer - Public Electric: SRP Gas: None Parking Features: <1 Space Per Unit Owner Pays: Water Tenant Pays: Electricity; Cable TV Source of Fincl Data: Projected Proforma Showing Notification Methods: Text Lockbox Type: None Existing 1st Loan: Treat as Free&Clear Existing 1st Ln Trms: Not Applicable Existing 2nd Ln Type: Not Applicable Existing 2nd Ln Trms: Not Applicable Existing 3rd Ln Type: Not Applicable New Financing: Cash; VA; FHA; Conventional; 1031 Exchange Environmental: None

Listing Office: Gile Commercial Real Estate

Last Updated: April - 08 - 2025

3151 E CHIPMAN Road, Phoenix, AZ 85040 (MLS# 6790190)