AZ Homes for Sale Search Homes for Sale in Arizona
You can search like a Realtor
1135 E CHIPMAN Road, Phoenix, AZ 85040 (MLS# 6958151)
$4,770,000
1135 E CHIPMAN RoadPhoenix, AZ 85040
MLS# 6958151
1 / 25
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.
Details
Maps
Contract Info
Current Price: $4,770,000
List Price: $4,770,000
Status: Active
List Date: 2025-12-02
Ownership: Fee Simple
Location Tax Legal
House Number: 1135
Compass: E
Street Name: CHIPMAN
St Suffix: Road
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85040
County Code: Maricopa
Assessor Number: 113-50-160
Tax Year: 2025
General Property Description
Lot Size Dimensions: 108x505
Year Built: 2021
Uncvrd Parking Spcs: 27
Total # of Units: 18
# of Buildings: 9
Zoning: R-3
Flood Zone: No
Elementary School District: Roosevelt Elementary District
High School District: Phoenix Union High School District
Elementary School: John F Kennedy Elementary School
High School: South Mountain High School
Remarks Misc
Cross Street: 11th Street & Roeser Road
Geo Lat: 33.401605
Geo Lon: -112.056502
Legal Info
Township: 1N
Range: 3E
Section: 28
Lot Number: 064-B
Cnty Rcrd Bk & Pg #: 113-50
Income Expenses
Gross Annual Sch Inc: 364775
Net Operating Income: 259761
Showing Notification Methods
Showing Service: No Showing Service Used
2 Bedroom Units
# 2 Bedroom Units: 10
Avg Rent: 1601
Avg SqFt: 780
# Baths: 2
3 Bedrooms Units
# 3 Bedroom Units: 8
Avg Rent: 1745
Avg SqFt: 1040
# Baths: 2
Property Features
Project Type: Four Plex; 5 - 12 Units; 13 - 24 Units
Construction: Wood Frame
Const - Finish: Painted; Stucco
Roofing: Foam
Floors: Vinyl; Carpet
Sale Includes: Land & Building; Laundry Equipment
Community Features: No Pool
Exterior Amenities: Landscape Water System; Desert Landscaping; Fenced; Curb(s) & Gutter(s); Cable TV Available; Patio/Balcony
Interior Features: Unfurnished; Fire/Smoke Alarm(s)
Appliances Included: Free-Standing Range; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer
Cooling: Electric; Heat Pump
Water Source: City Franchise; Individual Meter
Sewer: Sewer - Public
Electric: SRP; Individual Meter
Gas: None
Parking Features: >1 Space Per Unit; Free; Paved
Road Access Type: Dedicated Street
Road Surface Type: Asphalt
Road Responsibility: Private Maintained Road
Owner Pays: Water; Trash Collection; Landscaping
Tenant Pays: Sewer; Electricity
Source of Fincl Data: Owner; Projected Proforma; Other (See Remarks)
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
Existing 1st Loan: Conventional
Existing 1st Loan Type: Fixed
Existing 1st Loan Terms: Non Assumable
New Financing: Cash; VA; FHA; Conventional; No Carry; 1031 Exchange
Environmental: None
Listing Office: Orion Investment Real Estate
Last Updated: December - 16 - 2025
Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.
Saturday 21st of March 2026 04:33 AM
