$449,900
PENDING

Estimated payment $2,576/month

Total Views 364
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Wood Flooring
  • Cooling Available
  • Heat Pump System
  • Chandler High School Rated A-
  • Ceiling Fan
  • 1-minute walk to Vida Park

About This Home

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

Listing Agent

Justin Cook

RE/MAX Solutions License #BR520620000

RE/MAX Solutions

Co-Listing Agent

Scott Cook

RE/MAX Solutions License #SA564464000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $775

Year Built

  • Built in 1936

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Interior Spaces

  • Ceiling Fan
  • Wood Flooring

Parking

  • 10 Open Parking Spaces
  • 10 Parking Spaces

Schools

  • Galveston Elementary School
  • Willis Junior High School
  • Chandler High School

Utilities

  • Cooling Available
  • Heat Pump System

Listing and Financial Details

  • Tax Lot 12
  • Assessor Parcel Number 302-63-016-B

Community Details

Overview

  • 2 Units
  • Building Dimensions are 80 x 190
  • Greater Chandler Add Blk 8 & 9 Subdivision

Building Details

  • Operating Expense $2,877
  • Gross Income $38,400
  • Net Operating Income $35,523

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$775

Year Built

Built in 1936

Lot Details

0

Listing Details

  • Cross Street: Chandler BLVD & Arizona AVE
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: MF-1
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1936
  • Tax Year: 2024
  • Directions: E to Hamilton, N to property (drive by only)
  • Road Surface Type: Asphalt, Sidewalk(s)
  • Co List Office Mls Id: resol001
  • Co List Office Phone: 480-610-6500
  • Subdivision Name: GREATER CHANDLER ADD BLK 8 & 9
  • Tax Parcel Letter: B
  • Roofing:Composition: Yes
  • Construction:Wood Frame: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Wood
  • Appliances: Dishwasher, Refrigerator, Free-Standing Electric Oven, Washer/Dryer
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Wood Frame, Stucco
  • Roof: Composition

Garage/Parking

  • Parking Features: Free, RV/Access Parking, >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 10.0
  • Total Parking Spaces: 10.0
  • General Property Description:Uncvrd Parking Spcs: 10.0
  • General Property Description:Total Parking Spcs: 10.0
  • Exterior Amenities:RVBoat Parking: Yes

Utilities

  • Electric: SRP, Individual Meter
  • Cooling: Ceiling Fan(s), Electric, Heat Pump
  • Heating: Heat Pump, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Exterior Amenities:Separate Storage: Yes

Fee Information

  • Annual Water Sewer Expense: 1455.0

Schools

  • Elementary School: Galveston Elementary School
  • High School: Chandler High School
  • Junior High Dist: Chandler Unified District #80
  • Middle Or Junior School: Willis Junior High School

Lot Info

  • Lot Size: 80 x 190
  • Additional Parcels: No
  • Parcel #: 302-63-016-B

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 2
  • Annual Gross Income: 38400.0
  • Insurance Expense: 647.0
  • Property Net Operating Income: 35523.0
  • Annual Operating Expense: 2877.0

Tax Info

  • Tax Annual Amount: 775.0
  • Tax Book Number: 302.00
  • Tax Lot: 12

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $775 $8,419 -- --
2024 $760 $8,018 -- --
2023 $760 $31,850 $6,370 $25,480
2022 $736 $22,410 $4,480 $17,930
2021 $756 $21,030 $4,200 $16,830
2020 $752 $17,650 $3,530 $14,120
2019 $726 $14,370 $2,870 $11,500
2018 $705 $13,470 $2,690 $10,780
2017 $662 $12,010 $2,400 $9,610
2016 $640 $9,960 $1,990 $7,970
2015 $614 $7,600 $1,520 $6,080
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/27/2025 03/27/25 Pending -- -- --
03/25/2025 03/25/25 For Sale $449,900 -- --
Source: Arizona Regional Multiple Listing Service (ARMLS)

Deed History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- Chicago Title
Cash Sale Deed $87,000 First American Title Insuran
Trustee Deed $88,802 First American Title
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- Capital Title Agency
Interfamily Deed Transfer -- Security Title Agency
Warranty Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $56,000 New Conventional
Previous Owner $80,000 No Value Available
Closed -- Seller Take Back
Source: Public Records

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Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6840758

Arizona Regional Multiple Listing Service (ARMLS)

APN: 302-63-016B