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29325072
29325089

1001 W Flint St, Chandler, AZ 85224

BS
SA692958000 (AZ)
Matthews
KI
AZ SA691658000
Matthews
Listed by Matthews
$1,050,000
134 days on market
Updated 70 days ago

1001 W Flint St

Details
APN 302-74-018A
Property Type Multifamily
Sub Type Apartment Building
Square Footage 3,200
Net Rentable (SqFt) 3,200
Units 4
NOI $49,142
Occupancy 100%
Pro-Forma Cap Rate 6.19%
Pro-Forma NOI $64,997
Price per SqFt $328
Broker Co-Op Yes
Year Built 1972
Year Renovated 2021
Buildings 1
Stories 1
Lot Size (SqFt) 8,335
Zoning R-4
Investment Type Stabilized

Multifamily | 4 Units | Chandler, AZ

Marketing description

Matthews™ is pleased to present 1001 W Flint St, a four-unit multifamily property located in a highly desirable area of Chandler, Arizona. Built in 1972, the property is comprised entirely of two-bedroom, one-bath units, each featuring private patios, fully renovated interiors, and in-unit washer and dryer. Interior upgrades include modern cabinetry, stainless steel appliances, granite countertops, new flooring, and more. Exterior improvements include new electrical & water heaters throughout, as well as updates to the plumbing system.

1001 W Flint St is located just minutes from Downtown Chandler, offering convenient access to a variety of shopping, dining, and entertainment options. The property also benefits from quick access to Loop 101 and Loop 202, providing an easy commute to major employment centers throughout the East Valley. With its renovated unit mix and infill Chandler location, the property presents a solid opportunity for either an owner-occupant or investors seeking stable cash flow in a proven rental market.


Investment highlights

Total Units: 4

Year Built/Renovated: 1972/2021

Unit Mix: (4) 2 Bedroom + 1 Bathroom

Average Unit Size: ±800 SF

Current Average Rent: $1,656 + RUBS

Fully Renovated Interiors and Exterior Upgrades

Submarket: Downtown Chandler

Listing Contacts

BS
SA692958000 (AZ)
Matthews
KI
AZ SA691658000
Matthews
Listed by Matthews

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$49,142.00
$4,095.17/mo

Valuation Metrics

0
DSCR
4.68%
Cap Rate
4.68%
ROI

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Additional Information

Name
David Harrington
License
BR715518000, CO701910000 (AZ)
Brokerage
Matthews Real Estate Investment Services, Inc
Brokerage Phone
(866) 889-0550
Title
Broker of Record
Brokerage Address
4110 N Scottsdale Rd Suite 100, Scottsdale, AZ 85251
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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