261 W Elgin St, Chandler, AZ 85225

Within walking distance to Downtown Chandler. House and triplex. Property sits on two lots that total over a 1/4 acre. House is approximately 1239SF, built in 1950 and has 3 beds, 1 bath, with an office and a large laundry area. The triplex consists of all 2 bed/1 bath apartments and was built in 1984. All units have washer dryer hookups and private yards. House has all new synthetic stucco, all new landscaping with pavers, new shingles and some new decking, The interior of the house has all new appliances, new kitchen and bath counters and cabinets, new waterproof vinyl plank flooring, new water heater, new plumbing, new electrical, new interior doors, new front door, new dual pane windows, new tub and tub surround, new lighting, new texture, and new paint. One of the apartments has been remodeled with new texture, paint, kitchen & bath counters and cabinets, new interior doors, new wood look plank flooring, new ceiling fans, lighting, new appliances, and new block fencing with RV gate and RV electrical hookup. The roof in the triplex has a new second layer of shingles, some of the siding was replaced, exterior paint , and new landscaping to include pavers and synthetic grass. Currently, three units are occupied $1150/month on the remodeled apartment and $750/month on the two that are not remodeled. The house is currently vacant. New A/C has been installed on the house on 7/23/21. Current water bill has been averaging just under $150/month. Taxes on both lots for 2020 total $1542/year. THERE ARE NO HISTORICAL FINANCIALS AVAILABLE. There is gas to the property but is currently only being used for heat in the house. All units on package A/C's. PROPERTY IS LOCATED WITHIN AN OPPORTUNITY ZONE.