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736 W Knox Road, Chandler, AZ 85225
$780,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$780,000
List Date:
8/30/2023
Last Modified:
5/08/2025
Description
ELEVATE YOUR PORTFOLIO! Own a slice of the thriving Chandler community—one of the most sought-after and rapidly growing areas in The Valley. This is the kind of property that rarely comes on the market, having been under the same ownership for over 28 years. This 4-plex is perfect for those who want the benefits of a stable rental income history with the opportunity to value-add. Each unit is approximately 882 SF, with 2 bedrooms & 2 bathrooms, in-unit laundry, and central A/C. Parking is a breeze with a dedicated parking lot in the rear of the property with alley access and parking for up to 8 cars, 4 of which are covered.
Supplements: Situated just minutes from Downtown Chandler and the employment corridors, with parks and shopping, ease of access to all of the amenities that make this city so desirable. Valued on its current income, this property presents the right canvas for those seasoned real estate investors looking for a solid addition to their portfolio, or someone seeking a dynamic opportunity to capitalize on its location and established success.
More Information MLS# 6596390
Contract Info
Current Price: $780,000
Sold Price: $780,000
Status: Closed
List Date: 2023-08-24
Ownership: Fee Simple
Location Tax Legal
House Number: 736
Compass: W
Street Name: Knox
St Suffix: Road
City/Town Code: Chandler
State/Province: AZ
Zip Code: 85225
Zip4: 4343
Country: US
County Code: Maricopa
Subdivision: CHANDLER MANOR
Assessor Number: 302-42-101-A
Tax Year: 2022
General Property Description
Lot Size Dimensions: 85x124
Year Built: 1985
Uncvrd Parking Spcs: 4
Total # of Units: 4
# of Buildings: 1
Zoning: [M-H]
Elementary School District: Chandler Unified District
High School District: Chandler Unified District
Elementary School: John M Andersen Elementary School
Jr. High School: John M Andersen Jr High School
High School: Chandler High School
Remarks Misc
Cross Street: Alma School Rd + Knox
Directions: Alma School Rd - East on Knox
Property is on the north side of the road
Geo Lat: 33.328141
Geo Lon: -111.853632
Status Change Info
Status Change Date: 2023-09-29
Off Market Date: 2023-09-29
Under Contract Date: 2023-09-08
Close of Escrow Date: 2023-09-29
Sold Price: $780,000
Legal Info
Township: 1S
Range: 5E
Section: 21
Lot Number: 42
Income Expenses
Gross Annual Sch Inc: 56088
Net Operating Income: 40413
2 Bedroom Units
# 2 Bedroom Units: 4
Avg Rent: 1168.5
Avg SqFt: 882
# Baths: 2
Sold Info
Loan Type: Other
Payment Type: Other
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Property Features
Project Type: Four Plex
Construction: Wood Frame
Const - Finish: Stucco
Roofing: Tile
Floors: Other
Sale Includes: Land & Building
Community Features: No Pool
Appliances Included: Free-Standing Range; Refrigerator
Heating: Central
Cooling: Central Air
Water Source: City Franchise
Sewer: Sewer - Public
Electric: SRP
Gas: None
Parking Features: Carport; <1 Space Per Unit
Owner Pays: Water; Trash Collection
Tenant Pays: Electricity; Cable TV
Source of Fincl Data: Owner
Status Update: Multiple Offers Recd
Lockbox Type: Supra
New Financing: Conventional; 1031 Exchange
Environmental: None
Listing Office: RETSY
Last Updated: May - 08 - 2025

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