$960,000
Chandler, AZ 85224
MLS# 6933789
Status: Closed
1 / 51
Property Description
Units 1,3 & 4 have been completely remodeled with new soft close tongue and groove cabinets, quartz counters, new stainless steel appliances, tiled tub surrounds, new hardware and blinds, carpet, tile and plank vinyl flooring. Unit 2 was remodeled in 2012 with new cabinets and counters. These Two Bedroom Units All Have A Full Bath With An Additional Sink Area With Counter Space Next To The Ample Walk In Closet In The Primary Bedroom. The Roof completely New In 2022. Newer HVAC Units. Electric Is Separately Metered For Each Unit For Ease Of Management. The Entire Exterior And The Interior Of Three Units Have Been Painted. Private Patios At Each Unit For BBQ, Pets Etc. Units 1 And 3 Have Been Left Vacant For Owner Occupant Opportunities Which Can Be Purchased With FHA Finance
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $960,000
Sold Price: $960,000
Status: Closed
List Date: 2025-10-15
Location, Tax & Legal
Assessor's Map #: 48
Legal Description (Abbrev): LOT 113 COLONIA GRANADA UNIT 5 MCR 022205
Assessor's Parcel #: 791
Add'l Parcels: No
Tax Municipality: Chandler
Census Tract: 523006
Taxes: 2332
Legal: LOT 113 COLONIA GRANADA UNIT 5 MCR 022205
Marketing Name: Colonia Granada
House Number: 765
Compass: N
Street Name: ARROWHEAD
St Suffix: Drive
City/Town Code: Chandler
State/Province: AZ
Zip Code: 85224
Zip4: 3593
County Code: Maricopa
Subdivision: COLONIA GRANADA UNIT 5
Assessor Number: 302-48-791
Tax Year: 2024
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 2
Lot Size Dimensions: 12027
Flood Zone: No
Total # of Units: 4
Elementary School District: Chandler Unified District #80
High School District: Chandler Unified District #80
Elementary School: Basha Elementary
Jr. High School: John M Andersen Jr High School
High School: Chandler High School
Year Built: 1984
Zoning: MF-2
Legal Info
Range: 5E
Section: 29
Township: 1S
Lot Number: 113
Project Type
Four Plex: 1
Construction
Wood Frame: 1
Const - Finish
Painted: 1
Stucco: 1
Roofing
Foam: 1
Floors
Vinyl: 1
Ceramic Tile: 1
Carpet: 1
Sale Includes
Land & Building: 1
Income & Expenses
Annual Ins Exp: 2448
Annual Trash Exp: 1260
Annual Wtr/Swr Exp: 1200
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 7240
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 6375
Pmt & Rate Info
Cap Rate: 0.59
Equity: 990000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Showing Service: Aligned Showings
Text: 1
Email: 1
Phone Call: 1
Lockbox Type
Supra: 1
Combo: 1
Community Features
No Pool: 1
Heating
Heat Pump: 1
Electric: 1
Cooling
Ceiling Fan(s): 1
Central Air: 1
Electric: 1
Individual: 1
Exterior Amenities
Desert Landscaping: 1
Cable TV Available: 1
Patio/Balcony: 1
Separate Storage: 1
Interior Features
Unfurnished: 1
Fire/Smoke Alarm(s): 1
Mini Blinds: 1
Tenant Pays
Electricity: 1
Cable TV: 1
Appliances Included
Dishwasher: 1
Disposal: 1
Free-Standing Electric Oven: 1
Microwave: 1
Refrigerator: 1
Washer/Dryer: 1
W/D Hookup: 1
Road Access Type
Alley: 1
City Street: 1
Road Surface Type
Concrete: 1
Source of Fincl Data
Owner: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Sewer-In & Connected: 1
Parking Features
Detached Carport: 1
Carport: 1
1 Space/Unit: 1
Paved: 1
Electric
SRP: 1
Individual Meter: 1
Gas
None: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
Landscaping: 1
New Financing
Cash: 1
VA: 1
Conventional: 1
FHA: 1
Existing 1st Loan
Treat as Free&Clear: 1
Existing 1st Loan Type
Not Applicable: 1
Reports/Disclosures
Seller Prop Disc Stm: 1
Environmental
None: 1
Contact Info
List Agent Cell Phn2: 602-679-2199
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
# 2 Bedroom Units: 4
Avg Rent: 1700
Avg SqFt: 980
# Baths: 1
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Sold Info
Loan Type: Conventional
Loan Years: 30
Closing Cost Split: Normal - N
Payment Type: Fixed
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 0
Seller Concession $/%: $
Remarks Misc
Cross Street: Dobson and Ray
Directions: East on Ray, south on Arrowhead to 765
Geo Lat: 33.316208
Geo Lon: -111.867288
Status Change Info
Off Market Date: 2025-12-25
Under Contract Date: 2025-10-30
Close of Escrow Date: 2025-12-24
Sold Price: $960,000
Income Expenses
Gross Annual Sch Inc: 6375
Net Operating Income: 5872
Property Features
Project Type: Four Plex
Construction: Wood Frame
Const - Finish: Painted; Stucco
Roofing: Foam
Floors: Vinyl; Ceramic Tile; Carpet
Sale Includes: Land & Building
Community Features: No Pool
Exterior Amenities: Desert Landscaping; Cable TV Available; Patio/Balcony; Separate Storage
Interior Features: Unfurnished; Fire/Smoke Alarm(s); Mini Blinds
Appliances Included: Free-Standing Electric Oven; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer; W/D Hookup
Heating: Heat Pump
Cooling: Ceiling Fan(s); Electric; Individual; Central Air
Water Source: City Franchise
Sewer: Sewer - Public; Sewer-In & Connected
Electric: SRP; Individual Meter
Gas: None
Parking Features: Carport; 1 Space/Unit; Detached Carport; Paved
Road Access Type: Alley; City Street
Road Surface Type: Concrete
Owner Pays: Water; Trash Collection; Landscaping
Tenant Pays: Electricity; Cable TV
Source of Fincl Data: Owner
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: Supra; Combo
Existing 1st Loan: Treat as Free&Clear
Existing 1st Loan Type: Not Applicable
New Financing: Cash; VA; FHA; Conventional
Environmental: None
Listing Office: Keller Williams Realty Sonoran Living
Last Updated: December - 25 - 2025
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