$1,070,000
Chandler, AZ 85225
MLS# 6769995
Status: Closed
1 / 43
Property Description
New Construction Triplex in the heart of Downtown Chandler historic disctrict. Beautifully Craftsman design and top of the line modern updates throughout the property. You have many options with this great property: rent all 3 out as long term rentals with the peace of mind maintanence will be taken care of for years to come (All units seperately metered h20 & electric) very low expenses for LL, offer them as short term or midterm rentals to maximize returns or live in one of the units and have the other two fully cover your living expenses. All units offer 2 bedrooms, vaulted ceilings, private courtyards and private garage. This will not last long!!
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $1,070,000
Sold Price: $1,070,000
Status: Closed
List Date: 2024-10-11
Location, Tax & Legal
Assessor's Map #: 62
Legal Description (Abbrev): LOT 359 CHANDLER MCR 000534
Assessor's Parcel #: 113
Add'l Parcels: No
Tax Municipality: Chandler
Census Tract: 522903
Taxes: 4024
Legal: LOT 359 CHANDLER MCR 000534
Marketing Name: 3 on Colorado
House Number: 337
Compass: N
Street Name: COLORADO
St Suffix: Street
City/Town Code: Chandler
State/Province: AZ
Zip Code: 85225
Zip4: 4607
County Code: Maricopa
Subdivision: CHANDLER
Assessor Number: 302-62-113
Tax Year: 2024
General Property Description
# of Buildings: 2
Uncvrd Parking Spcs: 3
Lot Size Dimensions: 50x150
Flood Zone: No
Total # of Units: 3
Elementary School District: Chandler Unified District
High School District: Chandler Unified District
Year Built: 2023
Zoning: MF-2
Legal Info
Range: 5E
Section: 27
Township: 1S
Lot Number: 359
Project Type
Tri-Plex: 1
Construction
Wood Frame: 1
Const - Finish
Painted: 1
Stucco: 1
Siding: 1
Roofing
Composition: 1
Floors
Vinyl: 1
Sale Includes
Land & Building: 1
Income & Expenses
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 4024
Other Income: 0
Vacancy Allowance: 0.05
Adjusted Gross Inc: 85500
Pmt & Rate Info
Cap Rate: 7.76
Equity: 1050000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Showing Service: Aligned Showings
Lockbox Type
Combo: 1
Community Features
No Pool: 1
Heating
Electric: 1
Cooling
Central Air: 1
Exterior Amenities
Landscape Water System: 1
Interior Features
Unfurnished: 1
Fire/Smoke Alarm(s): 1
Fire Sprinklers: 1
Tenant Pays
Water: 1
Sewer: 1
Electricity: 1
Trash Collection: 1
Cable TV: 1
Appliances Included
Dishwasher: 1
Disposal: 1
Microwave: 1
Free-Standing Range: 1
W/D Hookup: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Projected Proforma: 1
Water Source
Individual Meter: 1
Sewer
Sewer - Public: 1
Parking Features
Garage: 1
Electric
APS: 1
Individual Meter: 1
Gas
None: 1
Owner Pays
Landscaping: 1
New Financing
Cash: 1
VA: 1
Conventional: 1
FHA: 1
1031 Exchange: 1
Existing 1st Loan
Treat as Free&Clear: 1
Reports/Disclosures
None: 1
Environmental
None: 1
Contact Info
List Agent Home Phn: 480-622-0322
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
# 2 Bedroom Units: 3
Avg Rent: 2500
Avg SqFt: 900
# Baths: 2
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Sold Info
Loan Type: Cash
Closing Cost Split: Normal - N
Payment Type: Other
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 3500
Seller Concession $/%: $
Remarks Misc
Cross Street: Chandler Blvd and Arizona Ave
Directions: East on Chandler BLVD to Colorado Colorado South to Property. Property is on the right side of the Road
Geo Lat: 33.308695
Geo Lon: -111.83842
Status Change Info
Off Market Date: 2024-11-13
Under Contract Date: 2024-10-17
Close of Escrow Date: 2024-11-15
Sold Price: $1,070,000
Income Expenses
Gross Annual Sch Inc: 90000
Net Operating Income: 81476
Property Features
Project Type: Tri-Plex
Construction: Wood Frame
Const - Finish: Painted; Stucco; Siding
Roofing: Composition
Floors: Vinyl
Sale Includes: Land & Building
Community Features: No Pool
Exterior Amenities: Landscape Water System
Interior Features: Unfurnished; Fire/Smoke Alarm(s); Fire Sprinklers
Appliances Included: Free-Standing Range; Dishwasher; Disposal; Microwave; W/D Hookup
Cooling: Central Air
Water Source: Individual Meter
Sewer: Sewer - Public
Electric: APS; Individual Meter
Gas: None
Parking Features: Garage
Road Surface Type: Asphalt
Owner Pays: Landscaping
Tenant Pays: Water; Sewer; Electricity; Trash Collection; Cable TV
Source of Fincl Data: Projected Proforma
Lockbox Type: Combo
Existing 1st Loan: Treat as Free&Clear
New Financing: Cash; VA; FHA; Conventional; 1031 Exchange
Environmental: None
Listing Office: Kenneth James Realty
Last Updated: December - 19 - 2025
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