209 E MORELOS Street, Chandler, AZ 85225

$220,000
Property Type: Multiple Dwellings Status: Closed
Current Price: $220,000 Last Modified: 4/07/2026

Overview

Description

Great investment opportunity, fully occupied, cash flowing 4 Plex in the heart of Downtown Chandler. 2 of the tenants have been there for 1.5 and 3 years but now month to month. The other 2 tenants were just secured in September and signed 1 year leases. This is a great investment opportunity in the up and coming downtown area with a lot of re gentrification already in process. Rental rates are below market, opportunity to increase CAP rate and property value.

Listing Details MLS# 5528683

Location, Tax & Legal

Map Code/Grid
T38
House Number
209
Compass
E
Street Name
MORELOS
St Suffix
Street
City/Town Code
Chandler
State/Province
AZ
Zip Code
85225
Zip4
6367
Country
US
County Code
Maricopa
Assessor Number
303-17-137
Tax Year
2016
Assessor's Map #
17
Legal Description (Abbrev)
WINNS ADD
Assessor's Parcel #
137
Add'l Parcels
No
Tax Municipality
Maricopa - COUNTY
Census Tract
523102
Taxes
1008
Legal
WINNS ADD
Marketing Name
Great Investment Opp

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
49.50 x 141.51
Year Built
1974
Uncvrd Parking Spcs
4
Total # of Units
4
# of Buildings
Yes
Zoning
MULIT-FAMILY
Elementary School District
Chandler Unified District
High School District
Chandler Unified District
Elementary School
Frye Elementary School
Jr. High School
Willis Junior High School
High School
Chandler High School

Remarks Misc

Cross Street
PECOS AND ARIZONA AVENUE
Directions
North on Pecos, East on Morelos

Status Change Info

Off Market Date
2017-01-06
Under Contract Date
2016-12-08
Close of Escrow Date
2017-01-05

Legal Info

Township
1S
Range
5E
Section
34
Lot Number
97

More Information

Income Expenses

Net Operating Income
14390.16

2 Bedroom Units

# 2 Bedroom Units
4
Avg Rent
425
Avg SqFt
600
# 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

Composition
Yes
Built-Up
Yes

Floors

Ceramic Tile
Yes
Carpet
Yes

Sale Includes

Land & Building
Yes

Income & Expenses

Annual Elec Exp
440.28
Annual Gas Exp
0
Annual Ins Exp
1272.48
Annual Land Lse Exp
0
Annual Landscape Exp
1200
Annual Legal & Acctg
0
Annual Maint Exp
0
Annual Mgmt Exp
0
Annual Trash Exp
1409.88
Annual Wtr/Swr Exp
679.2
Owner Association
No
Annual Ownr Asoc Fee
0
Annual PAD Fee
0
Annual Rplcmnt Rsrvs
0
Annual Other Expense
0
Operating Exp
6009.84
Other Income
0
Vacancy Allowance
0
Adjusted Gross Inc
0
Total Monthly Rental Income
1700

Pmt & Rate Info

Cap Rate
5.76
Down Payment
0
Equity
250000
Down Payment %
0
Monthly Payments
0
Total Owed
0
Assessment Balance
0

Community Features

No Pool
Yes

Heating

Natural Gas
Yes
Individual
Yes
2 or More Units
Yes

Cooling

Ceiling Fan(s)
Yes
Central Air
Yes
2 or More Units
Yes

Exterior Amenities

Partially Fenced
Yes
Cable TV Available
Yes
Security Light(s)
Yes

Tenant Pays

Gas
Yes
Electricity
Yes
Cable TV
Yes
Other (See Remarks)
Yes

Appliances Included

Refrigerator
Yes
Free-Standing Range
Yes
Other
Yes

Road Surface Type

Asphalt
Yes

Source of Fincl Data

Owner
Yes

Water Source

City Franchise
Yes
Master Meter
Yes

Sewer

Sewer - Public
Yes

Parking Features

1 Space/Unit
Yes

Electric

SRP
Yes
Master Meter
Yes
Individual Meter
Yes

Gas

SW Gas
Yes
Individual Meter
Yes

Owner Pays

Water
Yes
Sewer
Yes
Trash Collection
Yes
Landscaping
Yes
Other
Yes
See Remarks
Yes

New Financing

VA
Yes
Conventional
Yes

Existing 1st Loan

Treat as Free&Clear
Yes

Existing 1st Loan Type

Not Applicable
Yes

Existing 1st Loan Terms

Not Applicable
Yes

Existing 2nd Loan

Treat as Free&Clear
Yes
Other (See Remarks)
Yes

Existing 2nd Loan Type

Not Applicable
Yes

Existing 2nd Loan Terms

Not Applicable
Yes

Existing 3rd Loan

Treat as Free&Clear
Yes

Existing 3rd Loan Type

Not Applicable
Yes

Reports/Disclosures

Seller Prop Disc Stm
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: Composition; Built-Up Floors: Ceramic Tile; Carpet Sale Includes: Land & Building Community Features: No Pool Exterior Amenities: Partially Fenced; Cable TV Available; Security Light(s) Appliances Included: Free-Standing Range; Refrigerator; Other Heating: Natural Gas; Individual; 2 or More Units Cooling: Ceiling Fan(s); Central Air; 2 or More Units Water Source: City Franchise; Master Meter Sewer: Sewer - Public Electric: SRP; Master Meter; Individual Meter Gas: SW Gas; Individual Meter Parking Features: 1 Space/Unit Road Surface Type: Asphalt Owner Pays: Water; Trash Collection; Landscaping; Other; See Remarks Tenant Pays: Electricity; Gas; Cable TV; Other (See Remarks) Source of Fincl Data: Owner Existing 1st Loan: Treat as Free&Clear Existing 1st Loan Type: Not Applicable Existing 1st Loan Terms: Not Applicable Existing 2nd Loan: Treat as Free&Clear; Other (See Remarks) Existing 2nd Loan Type: Not Applicable Existing 2nd Loan Terms: Not Applicable Existing 3rd Loan: Treat as Free&Clear Existing 3rd Loan Type: Not Applicable Existing 3rd Loan Terms: Not Applicable Existing Othr Ln Trm: Not Applicable New Financing: VA; Conventional Environmental: None
IDX
Listing Office: RE/MAX Solutions
Last Updated: April - 07 - 2026
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