$292,500
Chandler, AZ 85225
MLS# 6974770
Status: Closed
1 / 2
Property Description
This property must be sold along with 345 W Colorado (MLS 6974742). Although this is legally two parcels, the buildings share parking and spaces, of which there are additional ones. The lot may be large enough to add another building. There are washer/dryer hookups in each of the units. 345 & 355 are two parcels of a five- parcel portfolio that the investors are ready to sell. There is currently an American Home Sheild Warranty on the units which is not included in the expenses. The property has been self-managed by the owner.
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $292,500
Sold Price: $292,500
Status: Closed
List Date: 2026-01-26
Location, Tax & Legal
Assessor's Map #: 62
Assessor's Parcel #: 109
Add'l Parcels: No
Tax Municipality: Chandler
Taxes: 707
Legal: LOT 355 CHANDLER MCR
Marketing Name: CHANDLER
House Number: 355
Compass: N
Street Name: Colorado
St Suffix: Street
City/Town Code: Chandler
State/Province: AZ
Zip Code: 85225
County Code: Maricopa
Subdivision: CHANDLER
Assessor Number: 302-62-109
Tax Year: 2025
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 2
Lot Size Dimensions: duplex
Flood Zone: No
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: 1982
Zoning: MF-2
Project Type
Duplex: 1
Construction
Wood Frame: 1
Const - Finish
Painted: 1
Stucco: 1
Roofing
Other: 1
Floors
Laminate: 1
Ceramic Tile: 1
Sale Includes
Land & Building: 1
Income & Expenses
Annual Ins Exp: 538.27
Annual Maint Exp: 2249
Annual Wtr/Swr Exp: 989.68
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual Other Expense: 1051.86
Operating Exp: 5535.81
Other Income: 0
Vacancy Allowance: 0.03
Adjusted Gross Inc: 22601
Total Monthly Rental Income: 2000
Pmt & Rate Info
Cap Rate: 3.85
Equity: 449000
Down Payment %: 100
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
Electric: 1
Cooling
Electric: 1
Tenant Pays
Electricity: 1
Cable TV: 1
Other (See Remarks): 1
Appliances Included
Refrigerator: 1
Built-In Range: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
1 Space/Unit: 1
Electric
APS: 1
Gas
None: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
New Financing
Cash: 1
Conventional: 1
1031 Exchange: 1
Reports/Disclosures
Seller Prop Disc Stm: 1
Environmental
None: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
# 2 Bedroom Units: 2
Avg Rent: 1000
Avg SqFt: 1000
# Baths: 1
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Sold Info
Loan Type: Other
Loan Years: 30
Closing Cost Split: Normal - N
Payment Type: Other
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 7500
Seller Concession $/%: $
Remarks Misc
Cross Street: Chandler Blvd/Arizona Ave
Directions: Chandler Blvd/Arizona Ave- East. North on Colorado to property on right.
Geo Lat: 33.308963
Geo Lon: -111.838415
Status Change Info
Off Market Date: 2026-04-02
Under Contract Date: 2026-02-18
Close of Escrow Date: 2026-04-02
Sold Price: $292,500
Legal Info
Lot Number: 355
Income Expenses
Gross Annual Sch Inc: 23300
Net Operating Income: 17271.45
Property Features
Project Type: Duplex
Construction: Wood Frame
Const - Finish: Painted; Stucco
Roofing: Other
Floors: Laminate; Ceramic Tile
Sale Includes: Land & Building
Community Features: No Pool
Appliances Included: Built-In Range; Refrigerator
Cooling: Electric
Water Source: City Franchise
Sewer: Sewer - Public
Electric: APS
Gas: None
Parking Features: 1 Space/Unit
Road Surface Type: Asphalt
Owner Pays: Water; Trash Collection
Tenant Pays: Electricity; Cable TV; Other (See Remarks)
Source of Fincl Data: Owner
Lockbox Type: None
New Financing: Cash; Conventional; 1031 Exchange
Environmental: None
Listing Office: Coldwell Banker Realty
Last Updated: April - 03 - 2026
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.
