Chipman Apartments 1135 E Chipman Rd 18 Unit Apartment Building $4,770,000 ($265,000/Unit) Phoenix, AZ 85040

Newly constructed in 2023, Chipman Apartments is an 18-unit luxury multifamily community located at 1135 East Chipman Road in Phoenix, Arizona. Strategically positioned just 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. Chipman Apartments presents an ideal low-maintenance investment opportunity for buyers seeking stable, hassle-free cash flow. Featuring simple, desert-friendly landscaping and modern construction, the property is designed to minimize upkeep and operating expenses, making it especially appealing to 1031 exchange investors focused on passive wealth preservation. With strong occupancy, consistent rent collections, and efficient operations, this turnkey asset offers dependable income and long-term security in one of Phoenix’s fastest growing urban corridors. Surrounded by a growing population, improving demographics, and strong local fundamentals, including a 5-mile daytime population of over 425,000 and average 1-mile household income of nearly $95,000, Chipman Apartments presents a turnkey, low-maintenance asset ideal for passive wealth preservation and long-term capital appreciation.