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John Herkenrath

johnherkenrath@epiquerealty.com +1(310) 221-2910

$1,200,000

Est. payment - /mo

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Key Details

Property Type Multi-Family

Listing Status Active Under Contract

Purchase Type For Sale

Subdivision Olsen Addition

MLS Listing ID 6926583

Year Built 1971

Annual Tax Amount $1,463

Tax Year 2024

Lot Dimensions Irregular

Source Arizona Regional Multiple Listing Service (ARMLS)

Property Description

This garden-style fourplex offers 4, 2-bedroom, 1-bathroom units, each with private entrances, in-unit washer/dryers, and private yard space. All units recently renovated, as well as new HVAC, roof and sewer lines in the last three years. The property is well-positioned for investors seeking a stabilized asset with rental upside in a prime East Valley location near great food and activities.

Investment Overview:
Unit 1: Leased at $1,775.50/month | Month-to-Month tenancy
Unit 2: Vacant | Ready for immediate lease or to live in and house hack your investment
Unit 3: Leased at $1,550/month
Unit 4: Leased at $1,600/month

The area offers abundant retail, dining, and employment opportunities, driving consistent rental demand.

All facts and figures to be verified by buyer.

Location

State AZ

County Maricopa

Community Olsen Addition

Area Maricopa

Zoning MF-2

Direction From AZ-101, head east to Ray Rd, turn left. Property will be on the right.

Interior

Heating Electric

Cooling Central Air, Ceiling Fan(s)

Flooring Ceramic Tile

Appliance Disposal, Dishwasher, Refrigerator, Free-Standing Electric Oven, Microwave, Washer/Dryer

Exterior

Parking Features Free, 1 Space/Unit, On Street

Community Features No Pool

Roof Type Composition

Private Pool No

Building

Sewer Public Sewer

Water City Franchise

New Construction No

Schools

Elementary Schools Sanborn Elementary School

Middle Schools John M Andersen Jr High School

High Schools Chandler High School

School District Chandler Unified District #80

Others

Senior Community No

Tax ID 302-73-033

Acceptable Financing Conventional, 1031 Exchange, FHA, VA Loan

Disclosures None

Listing Terms Conventional, 1031 Exchange, FHA, VA Loan

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Listed by My Home Group Real Estate

"John takes great pride in helping his clients through every step of the buying and selling process. Leveraging two decades of experience in pre-construction, new home sales and market sales exclusive representation. his vast knowledge in brokering home sales within luxury communities and new developments has proven invaluable to his clients."

+1(310) 221-2910

johnherkenrath@epiquerealty.com

<a href="https://maps.app.goo.gl/pirboN7SMpBm6tb18" target="_blank">3435 E Thousand Oaks Blvd #6354, Westlake Village CA 91359 </a>

1100 N CALIFORNIA Street Chandler, AZ 85225

John Herkenrath

Key Details

Location

Interior

Exterior

Building

Schools

Others

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1100 N CALIFORNIA Street