Great investment opportunity, fully occupied, cash flowing 4 Plex in the heart of Downtown Chandler. 2 of the tenants have been there for 1.5 and 3 years but now month to month. The other 2 tenants were just secured in September and signed 1 year leases. This is a great investment opportunity in the up and coming downtown area with a lot of re gentrification already in process. Rental rates are below market, opportunity to increase CAP rate and property value.
Off market
Zestimate®
$541,800
209 E Morelos St, Chandler, AZ 85225
--beds
0baths
2,484sqft
MultiFamily
Built in 1974
-- sqft lot
$541,800 Zestimate®
$218/sqft
$1,936 Estimated rent
Owner options
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Heating
- Forced air, Gas
Cooling
- Central
Appliances
- Included: Range / Oven, Refrigerator
Features
- Flooring: Tile, Carpet
Interior area
- Total interior livable area: 2,484 sqft
Property
Features
- Exterior features: Cement / Concrete
Lot
- Size: 6,969 sqft
Details
- Parcel number: 30317137
Construction
Type & style
- Home type: MultiFamily
Materials
- concrete
- Roof: Built-up
Condition
- Year built: 1974
Utilities & green energy
- Electric: Individual Meter, Master Meter, SRP
- Gas: SW Gas, Individual Meter
- Sewer: Sewer - Public
Community & neighborhood
Location
- Region: Chandler
Other
Other facts
- Ownership: Fee Simple
- Community Amenities: No Pool
- Cooling: 2 or More Units, Central A/C
- Electric: Individual Meter, Master Meter, SRP
- Gas: SW Gas, Individual Meter
- Parking: 1 Space/Unit
- Project Type: Four Plex
- Sewer: Sewer - Public
- Water: City Franchise
- Water: Master Meter
- Sale Includes: Land & Building
- Const - Finish: Painted
- Owner Pays: Water, Landscaping, Trash, Sewer, Other (See Remarks)
- Tenant Pays: Electric, Cable TV, Cable TV, Gas, Other (See Remarks)
- Source of Fincl Data: Provided by Owner
- New Financing: Conventional, VA
- Construction: Block
- Tax Municipality: Maricopa - COUNTY
- Status - Contingent: UCB (Under Contract-Backups)
- Jr. High School: Willis Junior High School
- High School: Chandler High School
- Elementary School: Frye Elementary School
- Roads/Streets: Asphalt/Blacktop
- Special Listing Cond: FIRPTA may apply
- Ownership: Fee Simple
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$541,800