125 W GARY Drive, Chandler, AZ 85225
$1,050,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$1,050,000
List Date:
2/17/2022
Last Modified:
2/12/2026
Description
-DOWNTOWN CHANDLER- OPPORTUNITY ZONE. 100% Occupied, and renovated with basic updates/plumbing upgraded in 50% of the property. The property consists of all two-bedroom apartments., new roof, and new HVAC in 2020 for Unit B. Rented at $1300 in two units with patio, and 2 for 1250.. Next door rents are 1475
More Information MLS# 6356619
Contract Info
Ownership: Fee Simple
Current Price: $1,050,000
Sold Price: $1,050,000
Status: Closed
List Date: 2022-02-16
Location, Tax & Legal
Assessor's Map #: 73
Legal Description (Abbrev): LOT 20 OLSEN ADDITION MCR 008123
Assessor's Parcel #: 20
Add'l Parcels: No
Tax Municipality: Chandler
Census Tract: 523003
Taxes: 1370
Legal: LOT 20 OLSEN ADDITION MCR 008123
Marketing Name: OPPORTUNITY ZONE
Map Code/Grid: T38
House Number: 125
Compass: W
Street Name: GARY
St Suffix: Drive
City/Town Code: Chandler
State/Province: AZ
Zip Code: 85225
Zip4: 6664
County Code: Maricopa
Subdivision: OLSEN ADDITION
Assessor Number: 302-73-020
Tax Year: 2020
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 4
Lot Size Dimensions: 9505
Total # of Units: 4
Elementary School District: Chandler Unified District
High School District: Chandler Unified District
Elementary School: Hartford Sylvia Encinas Elementary
High School: Chandler High School
Year Built: 1964
Zoning: MF-2
Legal Info
Range: 5E
Section: 21
Township: 1S
Lot Number: 20
Project Type
Four Plex: 1
Construction
Block: 1
Const - Finish
Painted: 1
Roofing
Built-Up: 1
Floors
Ceramic Tile: 1
Sale Includes
Building(s) Only: 1
Income & Expenses
Annual Elec Exp: 350
Annual Gas Exp: 726
Annual Ins Exp: 1275
Annual Land Lse Exp: 0
Annual Landscape Exp: 0
Annual Legal & Acctg: 0
Annual Maint Exp: 500
Annual Mgmt Exp: 0
Annual Trash Exp: 1200
Annual Wtr/Swr Exp: 894
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Annual Other Expense: 0
Operating Exp: 6315
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 70800
Pmt & Rate Info
Cap Rate: 6.14
Equity: 1050000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Assessment Balance: 0
Payment Includes
Principal: 1
Showing Notification Methods
Email: 1
Lockbox Type
None: 1
Community Features
No Pool: 1
Heating
Natural Gas: 1
Cooling
Electric: 1
Exterior Amenities
Desert Landscaping: 1
Tenant Pays
Gas: 1
Electricity: 1
Cable TV: 1
Appliances Included
Refrigerator: 1
Free-Standing Range: 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
Electric
SRP: 1
Gas
SW Gas: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
New Financing
Cash to Loan: 1
Conventional: 1
1031 Exchange: 1
Other (See Remarks): 1
Existing 1st Loan
Conventional: 1
Existing 1st Loan Type
Not Applicable: 1
Existing 1st Loan Terms
Not Applicable: 1
Existing 2nd Loan Type
Not Applicable: 1
Existing 2nd Loan Terms
Not Applicable: 1
Existing 3rd Loan Type
Not Applicable: 1
Reports/Disclosures
None: 1
Existing 3rd Loan Terms
Not Applicable: 1
Environmental
None: 1
Existing Othr Ln Trm
Not Applicable: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
# 2 Bedroom Units: 4
Avg Rent: 1300
Avg SqFt: 644
# 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: Normal - N
Payment Type: Fixed
Buyer Concession to Seller: 0
Buyer Concession $/%: %
Seller Concession to Buyer: 0
Seller Concession $/%: %
Remarks Misc
Cross Street: Arizona Avenue & Ray Rd.
Directions: W on Ray Rd to California N to Gary E to property
Geo Lat: 33.321253
Geo Lon: -111.844129
Status Change Info
Off Market Date: 2022-04-01
Under Contract Date: 2022-03-02
Close of Escrow Date: 2022-03-31
Sold Price: $1,050,000
Income Expenses
Gross Annual Sch Inc: 70800
Net Operating Income: 64485
Property Features
Project Type: Four Plex
Construction: Block
Const - Finish: Painted
Roofing: Built-Up
Floors: Ceramic Tile
Sale Includes: Building(s) Only
Payment Includes: Principal
Community Features: No Pool
Exterior Amenities: Desert Landscaping
Appliances Included: Free-Standing Range; Refrigerator
Heating: Natural Gas
Cooling: Electric
Water Source: City Franchise
Sewer: Sewer - Public
Electric: SRP
Gas: SW Gas
Parking Features: 1 Space/Unit
Road Surface Type: Asphalt
Owner Pays: Water; Trash Collection
Tenant Pays: Electricity; Gas; Cable TV
Source of Fincl Data: Owner
Showing Notification Methods: Email
Lockbox Type: None
Existing 1st Loan: Conventional
Existing 1st Loan Type: Not Applicable
Existing 1st Loan Terms: Not Applicable
Existing 2nd Loan Type: Not Applicable
Existing 2nd Loan Terms: Not Applicable
Existing 3rd Loan Type: Not Applicable
Existing 3rd Loan Terms: Not Applicable
Existing Othr Ln Trm: Not Applicable
New Financing: Cash to Loan; Conventional; 1031 Exchange; Other (See Remarks)
Environmental: None
Listing Office:
Cluff Real Estate LLC
Last Updated: February - 12 - 2026
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