481 N Colorado Street, Chandler, AZ 85225
- $396,000
- Sold Price
- $396,000
- List Price
- $425,000
- Closing Date
- May 23, 2025
- Days on Market
- 11
- Status
- CLOSED
- MLS#
- 6860519
- City
- Chandler
- Subdivision
- Greater Chandler Add Blk 8 & 9
- Year Built
- 1951
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.
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Additional Information
- Elementary School
- Galveston Elementary School
- High School
- Chandler High School
- Middle School
- Willis Junior High School
- Community Features
- See Remarks
- Construction
- Block, Painted
- Cooling
- Heat Pump, Ceiling Fan(s)
- Electric
- APS
- Flooring
- Ceramic Tile
- Heating
- Natural Gas
- New Financing
- Cash
- Parking Features
- >1 Space Per Unit, RV Access/Parking
- Roofing
- Composition
- Subdivision
- Greater Chandler Add Blk 8 & 9
- Taxes
- $871
- Tax Year
- 2024
- Tenant Pays
- Electricity
- Units
- 2
- Water
- City Franchise
- Zoning
- MF-1
Courtesy of RE/MAX Solutions. 480-610-6500 Selling Office: Better Homes & Gardens Real Estate SJ Fowler.
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