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Sold on 03/02/2018

2945 E Chipman Rd, Phoenix, AZ 85040

  • $188,000

    Last sold 03/02/2018 after 115 Days

  • 6

    bed

  • 4

    bath

Multi-family not for sale
80 homes bought nearby with Movoto recently

About 2945 E Chipman Rd

Property type Multi-family
Neighborhood
Year built 2003
HOA fee $0/month
Property description
*DO NOT DISTURB TENANTS* Investor special with great returns and very limited maintenance. Long term tenants have been in place and buyers have option to renew leases in escrow, tenants love their homes and want to stay! Both units are 3 Bedroom - 1 Bathroom -900 square feet with full kitchens and appliances included. Both units are identical to each other and are in high demand always. Home offers a 9% CAP in a market where people are buying for 6%.
Listed by
Listing Agent - Tanner B Lee
Listing Office - Beehive Property Management, LLC
Source: ARMLS mls logo
MLS#5684631 • last updated 7 years ago
Movoto checked ARMLS for data 4 minutes ago
Overview
Cooling/AC Heat Pump
Heating Electric
MLS # 5684631
Type Multiple Dwellings
Status Closed
Property Tax 823
Year Built 2003
Interior
Flooring Vinyl
Appliances Free-Standing Range, Refrigerator, Microwave, Washer/Dryer
Exterior
Roof Composition
Construction Painted, Block
Parking >1 Space Per Unit
# of Open Parking Spaces 4
Amenities / Utilities
Water Source City Franchise
Sewer/Septic Public Sewer
Location
Community Features No Pool
Middle School North High School
High School District Phoenix Union High School District
APN 122-60-031
Directions South On 24th, To Chipman, East On Chipman, Property On South Side Of The Road.
Multifamily Details
Total # of Units 2
Expense: Operating 2323
Financial Data Source Other (See Remarks)
Vacancy Allowance 0.05
Net Operating Income 17100
Expense: Professional Management 1500
We are not permitted to show value estimates for this property.
  • Mar 2018
    mls logo MLS # 5684631
  • Mar 2, 2018 Sold
    $188,000 (-2.5%)
  • Nov 7, 2017 Listed
    $192,900
  • 2945 E Chipman Rd
    $188K
  • South Mountain
    $435K +1% y/y
  • 85040
    $374K 0% y/y
  • Phoenix
    $474K -2% y/y
No chart available
Statistics calculated by Movoto

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1/10
Percy L Julian School
public Grades 4-8
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.

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  • Real Estate
  • AZ
  • Maricopa County
  • Phoenix
  • 85040
  • South Mountain
  • 2945 E Chipman Rd
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