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581 N COLORADO Street Chandler, AZ 85225
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Key Details
Sold Price $460,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Greater Chandler Add Blk 8 & 9
MLS Listing ID 6768954
Sold Date 12/12/24
Originating Board Arizona Regional Multiple Listing Service (ARMLS)
Year Built 1951
Annual Tax Amount $756
Tax Year 2023
Lot Dimensions 0.172 acres / 7,510 sqf
Property Description
This 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.
Location
State AZ
County Maricopa
Community Greater Chandler Add Blk 8 & 9
Zoning R-8.5
Direction North to Arizona Avenue, east on Galveston, South on Colorado
Interior
Heating Natural Gas
Cooling Electric, Wall/Window Unit(s)
Flooring Carpet, Ceramic Tile
Appliance F/S Oven/Range
Exterior
Parking Features Free, RV/Boat Parking, Street Parking
Community Features No Pool
Roof Type Composition
Total Parking Spaces 10
Building
Sewer Public Sewer
Water City Franchise
New Construction No
Schools
Elementary Schools Hartford Sylvia Encinas Elementary
Middle Schools John M Andersen Jr High School
High Schools Chandler High School
School District Chandler Unified District
Others
Senior Community No
Tax ID 302-64-094
Acceptable Financing Conventional, 1031 Exchange, FHA, VA Loan
Listing Terms Conventional, 1031 Exchange, FHA, VA Loan
Financing Conventional
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Bought with Epique Realty
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