$399,509
Chandler, AZ 85225
MLS# 6974742
1 / 2
Property Description
This property must be sold along with 355 W Colorado. Although this is legally two parcels, the buildings share parking and spaces, of which there are additional ones. The lot may be large enough to add another building. There are washer/dryer hookups in each of the units. This is two parcels of a five- parcel portfolio that the investors are ready to sell. There is currently an American Home Sheild Warranty on the units which is not included in the expenses. The property has been self-managed. by the owner.
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $399,509
List Price: $399,509
Status: Active
List Date: 2026-01-26
Location, Tax & Legal
Assessor's Map #: 62
Legal Description (Abbrev): LOT 357 CHANDLER MCR
Assessor's Parcel #: 111
Add'l Parcels: No
Tax Municipality: Chandler
Census Tract: 522903
Taxes: 730
Legal: LOT 357 CHANDLER MCR
Marketing Name: NA
House Number: 345
Compass: N
Street Name: COLORADO
St Suffix: Street
City/Town Code: Chandler
State/Province: AZ
Zip Code: 85225
Zip4: 4632
County Code: Maricopa
Subdivision: CHANDLER
Assessor Number: 302-62-111
Tax Year: 2025
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 2
Lot Size Dimensions: 7431
Flood Zone: TBD
Total # of Units: 2
Elementary School District: Chandler Unified District #80
High School District: Chandler Unified District #80
Elementary School: Galveston Elementary School
Jr. High School: Willis Junior High School
High School: Chandler High School
Year Built: 1982
Zoning: MF-2
Legal Info
Range: 5E
Section: 27
Township: 1S
Lot Number: 357
Project Type
Duplex: 1
Construction
Wood Frame: 1
Const - Finish
Painted: 1
Stucco: 1
Roofing
Other: 1
Floors
Ceramic Tile: 1
Other: 1
Sale Includes
Land & Building: 1
Income & Expenses
Annual Ins Exp: 600
Annual Maint Exp: 2400
Annual Wtr/Swr Exp: 1200
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 4930
Other Income: 0
Vacancy Allowance: 0.03
Adjusted Gross Inc: 23280
Total Monthly Rental Income: 2000
Pmt & Rate Info
Cap Rate: 4.41
Equity: 449000
Down Payment %: 100
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Showing Service: Aligned Showings
Text: 1
Email: 1
Phone Call: 1
Lockbox Type
None: 1
Community Features
No Pool: 1
Heating
Electric: 1
Cooling
Electric: 1
Interior Features
Unfurnished: 1
Tenant Pays
Electricity: 1
Cable TV: 1
Appliances Included
Refrigerator: 1
Built-In Range: 1
See Remarks: 1
Road Access Type
City Street: 1
Road Surface Type
Gravel: 1
Source of Fincl Data
Owner: 1
Road Responsibility
City Maintained Road: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
<1 Space Per Unit: 1
Electric
APS: 1
Gas
None: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
New Financing
Cash: 1
Conventional: 1
No Carry: 1
1031 Exchange: 1
Existing 1st Loan
Treat as Free&Clear: 1
Reports/Disclosures
Seller Prop Disc Stm: 1
Environmental
None: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
# 2 Bedroom Units: 2
Avg Rent: 1000
Avg SqFt: 900
# Baths: 1
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Cross Street: Chandler Blvd and Arizona Ave
Directions: E Chandler Blvd, N Colorado
Geo Lat: 33.308833
Geo Lon: -111.838422
Income Expenses
Gross Annual Sch Inc: 24000
Net Operating Income: 19800
Property Features
Project Type: Duplex
Construction: Wood Frame
Const - Finish: Painted; Stucco
Roofing: Other
Floors: Ceramic Tile; Other
Sale Includes: Land & Building
Community Features: No Pool
Interior Features: Unfurnished
Appliances Included: Built-In Range; Refrigerator; See Remarks
Cooling: Electric
Water Source: City Franchise
Sewer: Sewer - Public
Electric: APS
Gas: None
Parking Features: <1 Space Per Unit
Road Access Type: City Street
Road Surface Type: Gravel
Road Responsibility: City Maintained Road
Owner Pays: Water; Trash Collection
Tenant Pays: Electricity; Cable TV
Source of Fincl Data: Owner
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
Existing 1st Loan: Treat as Free&Clear
New Financing: Cash; Conventional; No Carry; 1031 Exchange
Environmental: None
Listing Office: Coldwell Banker Realty
Last Updated: February - 10 - 2026
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