$455,000
Chandler, AZ 85225
MLS# 6840758
Status: Closed
1 / 4
Property Description
This Chandler duplex is the ultimate CASH COW (nearly 8% CAP rate)! Located in downtown Chandler this property never has vacancies. ADDITIONAL INCOME opportunity with HUGE lot that can be used to park trailers, boats or additional vehicles. Main unit is approx 1265 SF with 4 beds & 1.5 baths. Second unit is approx 365 SF with 1 bed & 1 bath. Each unit has its own fenced private yard. Both AC units are approx 4-5 years old. Roof is approx 3-4 years old. Property also has dual pane windows. It does need repairing/updating consistent with a rental property with long term tenants but this duplex will make you some serious money & is in amazing location. Pro forma rents are likely lower than what it could receive. Both tenants are month to month & would love to stay with no required repairs
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $455,000
Sold Price: $455,000
Status: Closed
List Date: 2025-03-25
Location, Tax & Legal
Assessor's Map #: 63
Legal Description (Abbrev): GREATER CHANDLER ADD N 75F OF S 200F OF E 190F OF LOT 12 BLK 8
Assessor's Parcel #: 16
Assessor Parcel Ltr: B
Add'l Parcels: No
Tax Municipality: Chandler
Census Tract: 522903
Taxes: 775
Legal: GREATER CHANDLER ADD N 75F OF S 200F OF E 190F OF LOT 12 BLK 8
Marketing Name: Chandler Duplex
House Number: 300
Compass: N
Street Name: HAMILTON
St Suffix: Street
City/Town Code: Chandler
State/Province: AZ
Zip Code: 85225
Zip4: 4926
County Code: Maricopa
Subdivision: GREATER CHANDLER ADD BLK 8 & 9
Assessor Number: 302-63-016-B
Tax Year: 2024
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 10
Lot Size Dimensions: 80 x 190
Total # of Units: 2
Elementary School District: Chandler Unified District #80
High School District: Chandler Unified District #80
Elementary School: Galveston Elementary School
Jr. High School: Willis Junior High School
High School: Chandler High School
Year Built: 1936
Zoning: MF-1
Legal Info
Range: 5E
Section: 27
Township: 1S
Lot Number: 12
Project Type
Duplex: 1
Construction
Wood Frame: 1
Const - Finish
Stucco: 1
Roofing
Composition: 1
Floors
Wood: 1
Sale Includes
Land & Building: 1
Income & Expenses
Annual Elec Exp: 0
Annual Gas Exp: 0
Annual Ins Exp: 647
Annual Land Lse Exp: 0
Annual Landscape Exp: 0
Annual Legal & Acctg: 0
Annual Maint Exp: 0
Annual Mgmt Exp: 0
Annual Trash Exp: 0
Annual Wtr/Swr Exp: 1455
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Annual Other Expense: 0
Operating Exp: 2877
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 38400
Pmt & Rate Info
Cap Rate: 7.9
Equity: 449900
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Showing Service: No Showing Service Used
Lockbox Type
None: 1
Community Features
No Pool: 1
Heating
Heat Pump: 1
Electric: 1
Cooling
Ceiling Fan(s): 1
Electric: 1
Heat Pump: 1
Exterior Amenities
Desert Landscaping: 1
Partially Fenced: 1
RV/Boat Parking: 1
Sidewalk(s): 1
Separate Storage: 1
Tenant Pays
Electricity: 1
Appliances Included
Dishwasher: 1
Free-Standing Electric Oven: 1
Refrigerator: 1
Washer/Dryer: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Projected Proforma: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
Free: 1
>1 Space Per Unit: 1
RV Access/Parking: 1
Electric
SRP: 1
Individual Meter: 1
Gas
None: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
New Financing
Cash: 1
Conventional: 1
Existing 1st Loan
Treat as Free&Clear: 1
Reports/Disclosures
None: 1
Environmental
None: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
# 1 Bedroom Units: 1
Avg Rent: 1200
Avg SqFt: 365
# Baths: 1
2 Bedroom Units
Avg Rent: 0
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
# 4 Bedroom Units: 1
Avg Rent: 2000
Avg SqFt: 1265
# Baths: 15
Sold Info
Loan Type: Other
Loan Years: 30
Closing Cost Split: Normal - N
Payment Type: Fixed
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 0
Seller Concession $/%: $
Remarks Misc
Cross Street: Chandler BLVD & Arizona AVE
Directions: E to Hamilton, N to property (drive by only)
Geo Lat: 33.308503
Geo Lon: -111.833219
Status Change Info
Off Market Date: 2025-03-28
Under Contract Date: 2025-03-27
Close of Escrow Date: 2025-04-25
Sold Price: $455,000
Income Expenses
Gross Annual Sch Inc: 38400
Net Operating Income: 35523
Property Features
Project Type: Duplex
Construction: Wood Frame
Const - Finish: Stucco
Roofing: Composition
Floors: Wood
Sale Includes: Land & Building
Community Features: No Pool
Exterior Amenities: Desert Landscaping; Partially Fenced; RV/Boat Parking; Sidewalk(s); Separate Storage
Appliances Included: Free-Standing Electric Oven; Refrigerator; Dishwasher; Washer/Dryer
Heating: Heat Pump
Cooling: Ceiling Fan(s); Electric; Heat Pump
Water Source: City Franchise
Sewer: Sewer - Public
Electric: SRP; Individual Meter
Gas: None
Parking Features: >1 Space Per Unit; RV Access/Parking; Free
Road Surface Type: Asphalt
Owner Pays: Water; Trash Collection
Tenant Pays: Electricity
Source of Fincl Data: Projected Proforma
Lockbox Type: None
Existing 1st Loan: Treat as Free&Clear
New Financing: Cash; Conventional
Environmental: None
Listing Office: RE/MAX Solutions
Last Updated: April - 06 - 2026
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