581 N Colorado St Chandler, AZ 85225
North Chandler Neighborhood
--
Bed
--
Bath
1,561
Sq Ft
7,492
Sq Ft Lot
Highlights
- RV or Boat Parking
- Cooling System Mounted To A Wall/Window
- Heating System Uses Natural Gas
- Chandler High School Rated A-
- Ceramic Tile Flooring
About This Home
As of December 2024This triplex in Chandler is the perfect investment opportunity with a cumulative rental income of $4,030/month. The property consists of three units, each currently occupied by long-term tenants on month-to-month leases.
Situated just minutes from Downtown Chandler, the area offers convenient access to shopping, dining, and entertainment. Buyers are encouraged to verify all facts, including rental income, lease agreements, and zoning information. With consistent cash flow and potential for appreciation, this triplex is an excellent option for investors looking to expand their portfolio.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $756
Year Built
- Built in 1951
Home Design
- Wood Frame Construction
- Composition Roof
- Stucco
Flooring
- Carpet
- Ceramic Tile
Parking
- 10 Open Parking Spaces
- 10 Parking Spaces
- On-Street Parking
- RV or Boat Parking
Schools
- Hartford Sylvia Encinas Elementary School
- John M Andersen Jr High Middle School
- Chandler High School
Utilities
- Cooling System Mounted To A Wall/Window
- Heating System Uses Natural Gas
Listing and Financial Details
- Tenant pays for electricity
- The owner pays for gas, trash collection, water, sewer
- Tax Lot 3
- Assessor Parcel Number 302-64-094
Community Details
Overview
- 2 Buildings
- 3 Units
- Building Dimensions are 0.172 acres / 7,510 sqf
- Greater Chandler Add Blk 8 & 9 Subdivision
Building Details
- Operating Expense $756
- Gross Income $48,360
- Net Operating Income $47,604
Map
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/12/2024 12/12/24 | Sold | $460,000 | -1.1% | $295 / Sq Ft |
| 11/27/2024 11/27/24 | Price Changed | $465,000 | 0.0% | $298 / Sq Ft |
| 11/04/2024 11/04/24 | Pending | -- | -- | -- |
| 10/30/2024 10/30/24 | For Sale | $465,000 | 0.0% | $298 / Sq Ft |
| 10/18/2024 10/18/24 | Pending | -- | -- | -- |
| 10/17/2024 10/17/24 | For Sale | $465,000 | 0.0% | $298 / Sq Ft |
| 10/15/2024 10/15/24 | Pending | -- | -- | -- |
| 10/12/2024 10/12/24 | For Sale | $465,000 | 0.0% | $298 / Sq Ft |
| 10/10/2024 10/10/24 | Pending | -- | -- | -- |
| 10/09/2024 10/09/24 | For Sale | $465,000 | -4.1% | $298 / Sq Ft |
| 06/30/2022 06/30/22 | Sold | $485,000 | -7.6% | $311 / Sq Ft |
| 06/03/2022 06/03/22 | Price Changed | $525,000 | -4.5% | $336 / Sq Ft |
| 05/14/2022 05/14/22 | Price Changed | $550,000 | -8.2% | $352 / Sq Ft |
| 04/18/2022 04/18/22 | For Sale | $599,000 | -- | $384 / Sq Ft |
Source: Arizona Regional Multiple Listing Service (ARMLS)
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 | $770 | $8,372 | -- | -- |
| 2024 | $756 | $7,973 | -- | -- |
| 2023 | $756 | $31,730 | $6,340 | $25,390 |
| 2022 | $608 | $22,700 | $4,540 | $18,160 |
| 2021 | $637 | $20,910 | $4,180 | $16,730 |
| 2020 | $634 | $15,770 | $3,150 | $12,620 |
| 2019 | $610 | $12,950 | $2,590 | $10,360 |
| 2018 | $591 | $11,850 | $2,370 | $9,480 |
| 2017 | $551 | $10,450 | $2,090 | $8,360 |
| 2016 | $530 | $8,650 | $1,730 | $6,920 |
| 2015 | $514 | $6,800 | $1,360 | $5,440 |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $368,000 | New Conventional | |
| Previous Owner | $388,000 | New Conventional | |
| Previous Owner | $174,100 | Commercial | |
| Previous Owner | $136,000 | Purchase Money Mortgage | |
| Previous Owner | $138,500 | Purchase Money Mortgage | |
| Previous Owner | $53,200 | New Conventional | |
| Closed | $34,000 | No Value Available |
Source: Public Records
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $440,000 | Pinnacle Title Services | |
| Warranty Deed | $440,000 | Pinnacle Title Services | |
| Warranty Deed | -- | -- | |
| Warranty Deed | $485,000 | Magnus Title | |
| Special Warranty Deed | $190,000 | Fidelity Natl Ttl Agcy Inc | |
| Warranty Deed | $167,500 | Capital Title Agency Inc | |
| Warranty Deed | -- | Transnation Title Ins Co | |
| Warranty Deed | $56,000 | Security Title Agency |
Source: Public Records
Similar Home in Chandler, AZ
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6768954
APN: 302-64-094
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393
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