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1135 E Chipman Rd, Phoenix, AZ 85040

  • $4,650,000

  • 44

    bed

  • 18

    bath

Multi-family for sale 184 days
$120K price drop
80 homes bought nearby with Movoto recently

About 1135 E Chipman Rd

Property type Multi-family
Neighborhood
Year built 2021
HOA fee $0/month
Property description
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.
Listed by
Listing Agent - Colt Siler
Listing Office - Orion Investment Real Estate
Source: ARMLS mls logo
MLS#6958151 • last updated 2 months ago
Movoto checked ARMLS for data 11 minutes ago
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Overview
Cooling/AC Electric, Heat Pump
Heating Electric
MLS # 6958151
Type Multiple Dwellings
Status Active
Property Tax 20798
Year Built 2021
Interior
Flooring Carpet, Vinyl
Appliances Free-Standing Range, Disposal, Dishwasher, Refrigerator, Microwave, Washer/Dryer
Exterior
Roof Foam
Construction Wood Frame, Painted, Stucco
Parking Paved, Free, >1 Space Per Unit
# of Open Parking Spaces 27
# of Covered Spaces 18
Amenities / Utilities
Water Source Individual Meter, City Franchise
Sewer/Septic Public Sewer
Location
Community Features No Pool
Elementary School John F Kennedy Elementary School
Elementary School District Roosevelt Elementary District
High School District Phoenix Union High School District
High School South Mountain High School
APN 113-50-160
Zoning R-3
Multifamily Details
Total # of Units 18
Expense: Operating 20798
Financial Data Source Owner, Other (See Remarks), Projected Proforma
Vacancy Allowance 0.09
Net Operating Income 259761
Gross Income 361003.37
Gross Scheduled Income 364775
Lot/ Land Details
Road Surface Asphalt
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4/10
Irene Lopez School
public Grades PK, K-8
Roosevelt Elementary District
2/10
South Mountain High School
public Grades 9-12
Phoenix Union High School District
8/10
Phoenix Coding Academy
public Grades 9-12
Phoenix Union High School District
Source: GreatSchools.org © 2026. All rights reserved.

Around South Mountain

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43/100
Walk
97/100
Family
86/100
Dining
92/100
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  • Real Estate
  • AZ
  • Maricopa County
  • Phoenix
  • 85040
  • South Mountain
  • 1135 E Chipman Rd

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