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Sold for $460,000 on 12/12/24
  • $460,000

    581 N Colorado St, Chandler, AZ 85225

    4beds
    3baths
    2,024sqft
    Multi Family
    Built in 1951
    -- sqft lot
    $504,200 Zestimate®
    $227/sqft
    $2,055 Estimated rent

    Owner options

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    $2,055/mo

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    $2,055/mo

    Rent Zestimate®

    Refinance and save

    $2,560/mo

    Est. payment

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    $2,560/mo

    Est. payment

    What's special

    This triplex in Chandler is the perfect investment opportunity with a cumulative rental income of $4,030/month. The property consists of three units, each currently occupied by long-term tenants on month-to-month leases. Situated just minutes from Downtown Chandler, the area offers convenient access to shopping, dining, and entertainment. Buyers are encouraged to verify all facts, including rental income, lease agreements, and zoning information. With consistent cash flow and potential for appreciation, this triplex is an excellent option for investors looking to expand their portfolio.

    Zillow last checked: 8 hours ago

    Listing updated: December 13, 2024 at 01:09am

    Listed by:

    Britney Galvan 818-398-0602,

    UMe Realty Group,

    Andrew Kallien 503-705-9350,

    UMe Realty Group

    Bought with:

    Paul Mosley, SA672232000

    Epique Realty

    Source: ARMLS,MLS#: 6768954MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 3
    Heating
    • Natural Gas
    Cooling
    • Wall/Window Unit(s), Electric
    Appliances
    • Included: Free-Standing Range, Refrigerator
    Features
    • Flooring: Carpet, Ceramic Tile
    Interior area
    • Total structure area: 2,024
    • Total interior livable area: 2,024 sqft

    Property

    Parking
    • Total spaces: 10
    • Parking features: RV Access/Parking, Free, On Street
    • Uncovered spaces: 10
    Lot
    • Dimensions: 0.172 acres / 7,510 sqf
    Details
    • Parcel number: 30264094
    • Zoning: R-8.5

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Wood Frame, Stucco
    • Roof: Composition
    Condition
    • Year built: 1951

    Utilities & green energy

    • Electric: APS
    • Sewer: Public Sewer
    • Water: City Franchise

    Community & neighborhood

    Community
    • Community features: No Pool
    Location
    • Region: Chandler
    • Subdivision: GREATER CHANDLER ADD BLK 8 & 9

    Other

    Other facts
    • Listing terms: Conventional,1031 Exchange,FHA,VA Loan
    • Ownership: Fee Simple
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    Estimated market value
    $504,200