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.
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
$510,000 Zestimate®
$227/sqft
$1,816 Estimated rent
What's special
Zillow last checked: 7 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#: 6768954

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
Heating
- Natural Gas
Cooling
- Wall/Window Unit(s), Electric
Appliances
- Included: 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: Free, RV Access/Parking, 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
- Road surface type: Asphalt
Services availability
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Estimated market value
$510,000