$455,000
$449,900
1.1%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 04/25/2025
Key Details
Sold Price $455,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Greater Chandler Add Blk 8 & 9
MLS Listing ID 6840758
Sold Date 04/25/25
Originating Board Arizona Regional Multiple Listing Service (ARMLS)
Year Built 1936
Annual Tax Amount $775
Tax Year 2024
Lot Dimensions 80 x 190
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
Location
State AZ
County Maricopa
Community Greater Chandler Add Blk 8 & 9
Zoning MF-1
Direction E to Hamilton, N to property (drive by only)
Interior
Heating Heat Pump, Electric
Cooling Ceiling Fan(s), Electric, Heat Pump
Flooring Wood
Appliance Dishwasher, Refrigerator, Free-Standing Electric Oven, Washer/Dryer
Exterior
Parking Features Free, RV/Access Parking, >1 Space Per Unit
Community Features No Pool
Roof Type Composition
Total Parking Spaces 10
Building
Sewer Public Sewer
Water City Franchise
New Construction No
Schools
Elementary Schools Galveston Elementary School
Middle Schools Willis Junior High School
High Schools Chandler High School
School District Chandler Unified District #80
Others
Senior Community No
Tax ID 302-63-016-B
Acceptable Financing Conventional
Listing Terms Conventional
Financing Other
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Bought with Munroe Multifamily
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