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
Overview
Description
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
- 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
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
Income Expenses
- Gross Annual Sch Inc
- 70800
- Net Operating Income
- 64485
2 Bedroom Units
- # 2 Bedroom Units
- 4
- Avg Rent
- 1300
- Avg SqFt
- 644
- # Baths
- Yes
Sold Info
- Loan Type
- Conventional
- Loan Years
- 30
- Payment Type
- Fixed
- Closing Cost Split
- Normal - N
- Buyer Concession $/%
- %
- Seller Concession $/%
- %
- Buyer Concession to Seller
- 0
- Seller Concession to Buyer
- 0
Project Type
- Four Plex
- Yes
Construction
- Block
- Yes
Const - Finish
- Painted
- Yes
Roofing
- Built-Up
- Yes
Floors
- Ceramic Tile
- Yes
Sale Includes
- Building(s) Only
- Yes
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
- Yes
Showing Notification Methods
- Yes
Lockbox Type
- None
- Yes
Community Features
- No Pool
- Yes
Heating
- Natural Gas
- Yes
Cooling
- Electric
- Yes
Exterior Amenities
- Desert Landscaping
- Yes
Tenant Pays
- Gas
- Yes
- Electricity
- Yes
- Cable TV
- Yes
Appliances Included
- Refrigerator
- Yes
- Free-Standing Range
- Yes
Road Surface Type
- Asphalt
- Yes
Source of Fincl Data
- Owner
- Yes
Water Source
- City Franchise
- Yes
Sewer
- Sewer - Public
- Yes
Parking Features
- 1 Space/Unit
- Yes
Electric
- SRP
- Yes
Gas
- SW Gas
- Yes
Owner Pays
- Water
- Yes
- Sewer
- Yes
- Trash Collection
- Yes
New Financing
- Cash to Loan
- Yes
- Conventional
- Yes
- 1031 Exchange
- Yes
- Other (See Remarks)
- Yes
Existing 1st Loan
- Conventional
- Yes
Existing 1st Loan Type
- Not Applicable
- Yes
Existing 1st Loan Terms
- Not Applicable
- Yes
Existing 2nd Loan Type
- Not Applicable
- Yes
Existing 2nd Loan Terms
- Not Applicable
- Yes
Existing 3rd Loan Type
- Not Applicable
- Yes
Reports/Disclosures
- None
- Yes
Existing 3rd Loan Terms
- Not Applicable
- Yes
Environmental
- None
- Yes
Existing Othr Ln Trm
- Not Applicable
- Yes
Efficiency Units
- Avg Rent
- 0
1 Bedroom Units
- Avg Rent
- 0
3 Bedrooms Units
- Avg Rent
- 0
4 Bedrooms Units
- Avg Rent
- 0
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
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.