481 N COLORADO Street new Save Request In-Person Tour Request Virtual Tour
Chandler,AZ 85225
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision Greater Chandler Add Blk 8 & 9
MLS Listing ID 6860519
Originating Board Arizona Regional Multiple Listing Service (ARMLS)
Year Built 1951
Annual Tax Amount $871
Tax Year 2024
Lot Dimensions 150 x 50
Property Description
Chandler DUPLEX! TWO detached homes on ONE lot! This is the best CASH COW in the entire Valley! Projected 9% CAP rate! The 3 bed 2 bath home in the front does need some work! The 2 bed 1 bath home in the back (accessible from street behind the home) is in good shape & ready to go! Both units have their own fenced yard, separate entrances (one from the street in the front, the other the road in the back). Literally two separate homes on one lot! Property is located in the #1 school district in the state, short walk to Chandler High & is just blocks from popular Downtown Chandler with lots of dining, entertainment & shops! Located just a few miles from both 101 & 202 freeway to provide easy access to Phoenix/Scottsdale/ASU etc. Pro forma rents are likely lower than what it could receive.
Location
State AZ
County Maricopa
Community Greater Chandler Add Blk 8 & 9
Zoning MF-1
Direction N to Erie, E to Colorado, N to home. To access the other home in the back you can just drive around the corner to the wide alley that serves as the street for the back unit.
Interior
Heating Natural Gas
Cooling Ceiling Fan(s),Heat Pump
Flooring Ceramic Tile,Vinyl
Appliance Built-In Range,Free-Standing Gas Oven,W/D Hookup
Exterior
Parking Features RV/Access Parking,>1 Space Per Unit
Community Features See Remarks
Roof Type Composition
Total Parking Spaces 4
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 302-64-106