125 W GARY Drive, Chandler, AZ 85225

$1,050,000
Property Type: Multiple Dwellings Bedrooms: 8 Baths: 4 Status: Closed
Current Price: $1,050,000 List Date: 2/17/2022 Last Modified: 2/12/2026

Overview

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

Listing Details MLS# 6356619

Location, Tax & Legal

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
Country
US
County Code
Maricopa
Subdivision
OLSEN ADDITION
Assessor Number
302-73-020
Tax Year
2020

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
9505
Year Built
1964
Uncvrd Parking Spcs
4
Total # of Units
4
# of Buildings
Yes
Zoning
MF-2
Elementary School District
Chandler Unified District
High School District
Chandler Unified District
Elementary School
Hartford Sylvia Encinas Elementary
High School
Chandler High School

Remarks Misc

Cross Street
Arizona Avenue & Ray Rd.
Directions
W on Ray Rd to California N to Gary E to property

Status Change Info

Off Market Date
2022-04-01
Under Contract Date
2022-03-02
Close of Escrow Date
2022-03-31

Legal Info

Township
1S
Range
5E
Section
21
Lot Number
20

More Information

2 Bedroom Units

# 2 Bedroom Units
4
Avg Rent
1300
Avg SqFt
644
# Baths
Yes

Structure

Bedrooms Total
8
Bathrooms Total
4

Income Expenses

Gross Annual Sch Inc
70800
Net Operating Income
64485

Sold Info

Loan Type
Conventional
Loan Years
30
Payment Type
Fixed
Closing Cost Split
Normal - N
Buyer Concession $/%
%
Seller Concession $/%
%

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
IDX
Listing Office: Cluff Real Estate LLC
Office Phone: 480-252-4576
Office Email: chadcluff@gmail.com
Last Updated: February - 12 - 2026
Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.