366 N DELAWARE Street, Chandler, AZ 85225 ⋆ Arizona luxury homes, estates and mansions for sale.

$750,000

366 N DELAWARE Street
Chandler, AZ 85225
MLS# 6645121
Status: Closed

1 / 4

Property Description
Remodeled triplex in Chandler! 2 of the 3 rents haven't been fully increased, so there is room to create additional income. 2 of the three AC units were recently replaced. Fully rented. All 2 bedrooms units with their own stackable washer/dryers... If the 2 rents are increased to the $1,600 that the newest tenant is paying, that would be approximately $600 per month over current income.... Inspection with accepted offer. Do not disturb tenants.

Details

Maps

Documents

Contract Info

Ownership: Fee Simple

Current Price: $750,000

Sold Price: $750,000

Status: Closed

List Date: 2024-01-02

Location, Tax & Legal

Assessor's Map #: 62

Legal Description (Abbrev): LOT 352 CHANDLER MCR 000534

Assessor's Parcel #: 106

Add'l Parcels: No

Tax Municipality: Chandler

Census Tract: 522903

Taxes: 1143

Legal: LOT 352 CHANDLER MCR 000534

Marketing Name: unknown

House Number: 366

Compass: N

Street Name: DELAWARE

St Suffix: Street

City/Town Code: Chandler

State/Province: AZ

Zip Code: 85225

Zip4: 5576

County Code: Maricopa

Subdivision: CHANDLER

Assessor Number: 302-62-106

Tax Year: 2023

General Property Description

# of Buildings: 1

Uncvrd Parking Spcs: 0

Lot Size Dimensions: .176 acres

Total # of Units: 3

Elementary School District: Chandler Unified District

High School District: Chandler Unified District

Year Built: 1988

Zoning: MF-2

Legal Info

Range: 5E

Section: 27

Township: 1S

Lot Number: 352

Project Type

Tri-Plex: 1

Construction

Wood Frame: 1

Const - Finish

Stucco: 1

Roofing

Composition: 1

Floors

Ceramic Tile: 1

Sale Includes

Land & Building: 1

Income & Expenses

Owner Association: No

Annual Ownr Asoc Fee: 0

Operating Exp: 1143

Other Income: 0

Vacancy Allowance: 0

Adjusted Gross Inc: 50226.36

Pmt & Rate Info

Cap Rate: 6.1

Equity: 750000

Down Payment %: 0

Monthly Payments: 0

Total Owed: 0

Showing Notification Methods

Showing Service: No Showing Service Used

Lockbox Type

None: 1

Community Features

No Pool: 1

Heating

Electric: 1

Cooling

Electric: 1

Tenant Pays

Electricity: 1

Cable TV: 1

Appliances Included

Refrigerator: 1

Washer/Dryer: 1

Road Surface Type

Asphalt: 1

Source of Fincl Data

Owner: 1

Water Source

City Franchise: 1

Sewer

Sewer - Public: 1

Parking Features

1 Space/Unit: 1

>1 Space Per Unit: 1

Electric

APS: 1

Gas

None: 1

Owner Pays

Water: 1

Sewer: 1

Trash Collection: 1

Landscaping: 1

New Financing

VA: 1

Conventional: 1

FHA: 1

Existing 1st Loan

Treat as Free&Clear: 1

Reports/Disclosures

None: 1

Environmental

None: 1

Efficiency Units

Avg Rent: 0

1 Bedroom Units

Avg Rent: 0

2 Bedroom Units

# 2 Bedroom Units: 4

Avg Rent: 1395.17

Avg SqFt: 750

# Baths: 1

3 Bedrooms Units

Avg Rent: 0

4 Bedrooms Units

Avg Rent: 0

Sold Info

Loan Type: Conventional

Loan Years: 30

Closing Cost Split: Seller Paid - S

Payment Type: Fixed

Buyer Concession to Seller: 0

Buyer Concession $/%: $

Seller Concession to Buyer: 3

Seller Concession $/%: %

Remarks Misc

Cross Street: Arizona Av and Chandler BLVD

Directions: East on Chandler to Delaware, north to property

Geo Lat: 33.309109

Geo Lon: -111.837869

Status Change Info

Off Market Date: 2024-01-22

Under Contract Date: 2024-01-19

Close of Escrow Date: 2024-02-21

Sold Price: $750,000

Income Expenses

Gross Annual Sch Inc: 50226.36

Net Operating Income: 45755

Property Features

Project Type: Tri-Plex

Construction: Wood Frame

Const - Finish: Stucco

Roofing: Composition

Floors: Ceramic Tile

Sale Includes: Land & Building

Community Features: No Pool

Appliances Included: Refrigerator; Washer/Dryer

Cooling: Electric

Water Source: City Franchise

Sewer: Sewer - Public

Electric: APS

Gas: None

Parking Features: 1 Space/Unit; >1 Space Per Unit

Road Surface Type: Asphalt

Owner Pays: Water; Trash Collection; Landscaping

Tenant Pays: Electricity; Cable TV

Source of Fincl Data: Owner

Lockbox Type: None

Existing 1st Loan: Treat as Free&Clear

New Financing: VA; FHA; Conventional

Environmental: None

Listing Documents

Last two year's financials

Listing Office: My Home Group Real Estate

Last Updated: May - 29 - 2024