$200,001
Chandler, AZ 85225
MLS# 5853468
Status: Closed
1 / 4
Property Description
CASH COW property in popular DOWNTOWN Chandler! This property is literally a couple of blocks from all of the restaurants, entertainment, shopping and fun of Downtown Chandler! The main house in the front is a 2 bed 1 bath, 1008 SF. Behind main house is another building with two different units. Unit 1 is a 3 bedroom 1 bath, 563 SF and Unit 2 is a 2 bedroom 1 bath, 779 SF. Total property has 7 bedrooms and 3 bathrooms and is 2350 SF. Main house and Unit 1 are on the same power panel. Unit 2 has it's own power. Rents are extremely low (currently total rent is $1350). This property could be rented for $2000 a month. All leases are month to month. Tenants pay all utilities. Pro Forma rents and expenses are being used. Property to be sold As-Is.
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $200,001
Sold Price: $200,001
Status: Closed
List Date: 2018-12-03
Location, Tax & Legal
Assessor's Map #: 9
Legal Description (Abbrev): LOT 542 CHANDLER MCR 000534
Assessor's Parcel #: 56
Add'l Parcels: No
Tax Municipality: Chandler
Census Tract: 523104
Taxes: 676
Legal: LOT 542 CHANDLER MCR 000534
Marketing Name: unk
Map Code/Grid: T38
House Number: 120
Compass: S
Street Name: CALIFORNIA
St Suffix: Street
City/Town Code: Chandler
State/Province: AZ
Zip Code: 85225
Zip4: 9530
County Code: Maricopa
Subdivision: CHANDLER
Assessor Number: 303-09-056
Tax Year: 2018
General Property Description
# of Buildings: 2
Uncvrd Parking Spcs: 0
Lot Size Dimensions: 50 x 43
Total # of Units: 3
Elementary School District: Chandler Unified District
High School District: Chandler Unified District
Elementary School: San Marcos Elementary School
Jr. High School: Bogle Junior High School
High School: Hamilton High School
Year Built: 1926
Zoning: MF-2
Legal Info
Range: 5E
Section: 33
Township: 1S
Lot Number: 542
Project Type
Tri-Plex: 1
Construction
Other: 1
Const - Finish
Painted: 1
Roofing
Composition: 1
Floors
Other: 1
Sale Includes
Land & Building: 1
Income & Expenses
Annual Elec Exp: 0
Annual Gas Exp: 0
Annual Ins Exp: 800
Annual Land Lse Exp: 0
Annual Landscape Exp: 0
Annual Legal & Acctg: 0
Annual Maint Exp: 1000
Annual Mgmt Exp: 0
Annual Trash Exp: 0
Annual Wtr/Swr Exp: 0
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Annual Other Expense: 0
Operating Exp: 2476
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 24000
Pmt & Rate Info
Cap Rate: 10.77
Down Payment: 0
Equity: 199900
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Assessment Balance: 0
Community Features
Other: 1
See Remarks: 1
Heating
Other: 1
See Remarks: 1
Cooling
Evaporative Cooling: 1
Central Air: 1
Heat Pump: 1
Window/Wall Unit: 1
Tenant Pays
Gas: 1
Water: 1
Sewer: 1
Electricity: 1
Trash Collection: 1
Cable TV: 1
Landscaping: 1
Appliances Included
Other: 1
Road Access Type
Alley: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Projected Proforma: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
On Street: 1
Electric
SRP: 1
Gas
Other (See Remarks): 1
Owner Pays
None: 1
New Financing
Cash to Loan: 1
No Carry: 1
1031 Exchange: 1
Existing 1st Loan
Other (See Rmks): 1
Existing 1st Loan Type
Not Applicable: 1
Existing 1st Loan Terms
Not Applicable: 1
Existing 2nd Loan
Other (See Remarks): 1
Existing 2nd Loan Type
Not Applicable: 1
Existing 2nd Loan Terms
Not Applicable: 1
Existing 3rd Loan
Other (See Remarks): 1
Existing 3rd Loan Type
Not Applicable: 1
Reports/Disclosures
None: 1
Existing 3rd Loan Terms
Not Applicable: 1
Environmental
None: 1
Existing Othr Ln Trm
Not Applicable: 1
Contact Info
List Agent Home Phn: 480-655-7592
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
# 2 Bedroom Units: 2
Avg Rent: 705
Avg SqFt: 894
# Baths: 1
3 Bedrooms Units
# 3 Bedroom Units: 1
Avg Rent: 590
Avg SqFt: 563
# Baths: 1
4 Bedrooms Units
Avg Rent: 0
Sold Info
Loan Type: Cash
Closing Cost Split: Normal - N
Payment Type: Other
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 0
Seller Concession $/%: $
Remarks Misc
Cross Street: Chandler Blvd/Arizona AvE
Directions: S to Boston, W to California
Geo Lat: 33.301713
Geo Lon: -111.84442
Status Change Info
Off Market Date: 2018-12-05
Under Contract Date: 2018-12-04
Close of Escrow Date: 2018-12-14
Sold Price: $200,001
Income Expenses
Gross Annual Sch Inc: 24000
Net Operating Income: 21524
Property Features
Project Type: Tri-Plex
Construction: Other
Const - Finish: Painted
Roofing: Composition
Floors: Other
Sale Includes: Land & Building
Community Features: Other; See Remarks
Appliances Included: Other
Heating: Other; See Remarks
Cooling: Heat Pump; Window/Wall Unit; Evaporative Cooling; Central Air
Water Source: City Franchise
Sewer: Sewer - Public
Electric: SRP
Gas: Other (See Remarks)
Parking Features: On Street
Road Access Type: Alley
Road Surface Type: Asphalt
Owner Pays: None
Tenant Pays: Water; Sewer; Electricity; Gas; Trash Collection; Cable TV; Landscaping
Source of Fincl Data: Projected Proforma
Existing 1st Loan: Other (See Rmks)
Existing 1st Loan Type: Not Applicable
Existing 1st Loan Terms: Not Applicable
Existing 2nd Loan: Other (See Remarks)
Existing 2nd Loan Type: Not Applicable
Existing 2nd Loan Terms: Not Applicable
Existing 3rd Loan: Other (See Remarks)
Existing 3rd Loan Type: Not Applicable
Existing 3rd Loan Terms: Not Applicable
Existing Othr Ln Trm: Not Applicable
New Financing: Cash to Loan; No Carry; 1031 Exchange
Environmental: None
Listing Office: RE/MAX Solutions
Last Updated: April - 06 - 2026
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