AZ > Chandler > Greater Chandler Add Blk 8 & 9
Chandler, AZ 85225,481 N COLORADO Street
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Chandler, AZ 85225,481 N COLORADO Street
Chandler, AZ 85225,481 N COLORADO Street
Chandler, AZ 85225,481 N COLORADO Street
Chandler, AZ 85225,481 N COLORADO Street
Russell Harris
Russell Harris

Agent | License ID: SA639092000

+1(602) 904-1172

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$ 396,000

$ 425,000 6.8%

Est. payment /mo
Sold on 05/23/2025

481 N COLORADO Street Chandler, AZ 85225

UPDATED:

Key Details

Sold Price $396,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Subdivision Greater Chandler Add Blk 8 & 9

MLS Listing ID 6860519

Sold Date 05/23/25

Year Built 1951

Annual Tax Amount $871

Tax Year 2024

Lot Dimensions 150 x 50

Source Arizona Regional Multiple Listing Service (ARMLS)

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.

Location

State AZ

County Maricopa

Community Greater Chandler Add Blk 8 & 9

Zoning MF-1

Direction N to Erie, E to Colorado, N to home. To access the other home in the back you can just drive around the corner to the wide alley that serves as the street for the back unit.

Interior

Heating Natural Gas

Cooling Ceiling Fan(s), Heat Pump

Flooring Ceramic Tile, Vinyl

Appliance Built-In Range, Free-Standing Gas Oven, W/D Hookup

Exterior

Parking Features RV Access/Parking, >1 Space Per Unit

Community Features See Remarks

Roof Type Composition

Total Parking Spaces 4

Building

Sewer Public Sewer

Water City Franchise

New Construction No

Schools

Elementary Schools Galveston Elementary School

Middle Schools Willis Junior High School

High Schools Chandler High School

School District Chandler Unified District #80

Others

Senior Community No

Tax ID 302-64-106

Financing Cash

Arizona Regional MLS (ARMLS)

Copyright 2025 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

Listed by RE/MAX Solutions
Bought with Better Homes & Gardens Real Estate SJ Fowler
agent

Russell Harris

Agent | License ID: SA639092000

+1(602) 904-1172

GET MORE INFORMATION

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Phone*
Message
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481 N COLORADO Street

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