$510,000
Chandler, AZ 85225
MLS# 6310240
Status: Closed
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Property Description
Excellent multi family opportunity in the heart of Downtown Chandler. Main house is a 1253 sqft single family home with 3 bedrooms, 2 bathrooms plus a carport. There is a detached du-plex behind the main house, both 1 bedroom 1 bathroom units. 100% occupied with long term tenants but on month to month leases. The tenants are paying significantly less than fair market rent creating a fantastic value add opportunity. Don't miss this opportunity to own an income producing property on a good size lot, zoned multi family, in one of the most desirable Cities and top rated school districts.
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $510,000
Sold Price: $510,000
Status: Closed
List Date: 2021-10-21
Location, Tax & Legal
Assessor's Map #: 18
Legal Description (Abbrev): LOT 60 DOBSON ADD MCR 003618
Assessor's Parcel #: 58
Add'l Parcels: No
Tax Municipality: Chandler
Census Tract: 523102
Taxes: 1431
Legal: LOT 60 DOBSON ADD MCR 003618
Marketing Name: Chandler Tri-Plex
Map Code/Grid: T39
House Number: 436
Compass: S
Street Name: COLORADO
St Suffix: Street
City/Town Code: Chandler
State/Province: AZ
Zip Code: 85225
Zip4: 6312
County Code: Maricopa
Subdivision: DOBSON ADD
Assessor Number: 303-18-058
Tax Year: 2021
General Property Description
# of Buildings: 2
Uncvrd Parking Spcs: 6
Lot Size Dimensions: 50 x 150
Flood Zone: No
Total # of Units: 3
Elementary School District: Chandler Unified District
High School District: Chandler Unified District
Elementary School: Frye Elementary School
Jr. High School: Willis Junior High School
High School: Chandler High School
Year Built: 1965
Zoning: MF-2
Legal Info
Range: 5E
Section: 34
Township: 1S
Lot Number: 60
Project Type
Tri-Plex: 1
Construction
Block: 1
Wood Frame: 1
Other: 1
Const - Finish
Painted: 1
Roofing
Composition: 1
Floors
Ceramic Tile: 1
Carpet: 1
Sale Includes
Land & Building: 1
Income & Expenses
Annual Elec Exp: 0
Annual Gas Exp: 0
Annual Ins Exp: 1200
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: 0
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Annual Other Expense: 0
Operating Exp: 2631
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 20760
Total Monthly Rental Income: 1730
Pmt & Rate Info
Cap Rate: 3.63
Equity: 499900
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Phone Call: 1
Lockbox Type
None: 1
Community Features
No Pool: 1
Heating
Natural Gas: 1
Cooling
Electric: 1
Exterior Amenities
Fenced: 1
Tenant Pays
Gas: 1
Water: 1
Sewer: 1
Electricity: 1
Trash Collection: 1
Cable TV: 1
Landscaping: 1
Appliances Included
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
Carport: 1
Electric
SRP: 1
Gas
SW Gas: 1
Owner Pays
None: 1
New Financing
Conventional: 1
1031 Exchange: 1
Reports/Disclosures
None: 1
Environmental
None: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
# 1 Bedroom Units: 2
Avg Rent: 540
Avg SqFt: 416
# Baths: 1
2 Bedroom Units
Avg Rent: 0
3 Bedrooms Units
# 3 Bedroom Units: 1
Avg Rent: 650
Avg SqFt: 1253
# Baths: 1
4 Bedrooms Units
Avg Rent: 0
Sold Info
Loan Type: Conventional
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: Arizona Avenue & Pecos
Directions: North on Arizona Avenue, East on Elgin, South on Colorado.
Geo Lat: 33.29637
Geo Lon: -111.839273
Status Change Info
Off Market Date: 2021-12-03
Under Contract Date: 2021-10-22
Close of Escrow Date: 2021-11-24
Sold Price: $510,000
Income Expenses
Gross Annual Sch Inc: 20760
Net Operating Income: 18129
Property Features
Project Type: Tri-Plex
Construction: Block; Wood Frame; Other
Const - Finish: Painted
Roofing: Composition
Floors: Ceramic Tile; Carpet
Sale Includes: Land & Building
Community Features: No Pool
Exterior Amenities: Fenced
Appliances Included: Built-In Range
Heating: Natural Gas
Cooling: Electric
Water Source: City Franchise
Sewer: Sewer - Public
Electric: SRP
Gas: SW Gas
Parking Features: Carport
Road Surface Type: Asphalt
Owner Pays: None
Tenant Pays: Water; Sewer; Electricity; Gas; Trash Collection; Cable TV; Landscaping
Source of Fincl Data: Owner
Showing Notification Methods: Phone Call
Lockbox Type: None
New Financing: Conventional; 1031 Exchange
Environmental: None
Listing Office: RE/MAX Solutions
Last Updated: April - 07 - 2026
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