257 E Oakland Street, Chandler, AZ 85225

$845,000

Property Type: Multiple Dwellings Bedrooms: 3 Baths: 3 Status: Closed

Current Price: $845,000 Last Modified: 4/02/2025

Overview

Description

What an amazing opportunity to acquire a fully gutted and remodeled Triplex in the heart of Chandler. The property is currently under construction and should be available to close in the next 60 days. All new windows, stainless steel appliances, hot water heaters, air conditioners, roof, and so much more. See the Documents for a full list of improvements. Projected rents are $1,750 per door. Should have zero capital expenses for a long time. Buyer to verify all facts and figures.

Listing Details MLS# 6358253

Location, Tax & Legal

Map Code/Grid: T39
House Number: 257
Compass: E
Street Name: Oakland
St Suffix: Street
City/Town Code: Chandler
State/Province: AZ
Zip Code: 85225
Country: US
County Code: Maricopa
Assessor Number: 302-64-139
Tax Year: 2021

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: irr
Year Built: 1956
Uncvrd Parking Spcs: 5
Total # of Units: 3
# of Buildings: 2
Zoning: MF-1
Elementary School District: Chandler Unified District
High School District: Chandler Unified District

Remarks Misc

Cross Street: Ray Rd and Chandler Blvd
Directions: South on Chandler Blvd to Oakland Street and turn East to the Property. Property is on the south side of the street

Status Change Info

Off Market Date: 2022-04-29
Under Contract Date: 2022-04-29
Close of Escrow Date: 2022-08-17

Legal Info

Lot Number: Yes

More Information

1 Bedroom Units

# 1 Bedroom Units: 3
Avg Rent: 1695
Avg SqFt: 550
# Baths: Yes

Structure

Bedrooms Total: 3
Bathrooms Total: 3

Income Expenses

Gross Annual Sch Inc: 63000
Net Operating Income: 51096

Sold Info

Loan Type: Cash
Payment Type: Other
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $

Property Features

Project Type: Tri-Plex Construction: Wood Frame Const - Finish: Painted; Stucco Roofing: Composition Floors: Ceramic Tile Sale Includes: Land & Building; Personal Property Community Features: No Pool Exterior Amenities: Curb(s) & Gutter(s); Sidewalk(s) Appliances Included: Free-Standing Range; Refrigerator; Dishwasher; Disposal; Microwave Heating: Individual; Heat Pump Cooling: Ceiling Fan(s); Heat Pump Water Source: City Franchise; Master Meter Sewer: Sewer - Public; Sewer-In & Connected Electric: APS Gas: None Parking Features: On Street; >1 Space Per Unit; Free; Paved Road Surface Type: Asphalt Owner Pays: Water; Trash Collection; Landscaping Tenant Pays: Electricity; Cable TV Source of Fincl Data: Projected Proforma Lockbox Type: None New Financing: VA; FHA; Conventional; No Carry Environmental: None

Listing Office: Gerchick Real Estate

Office Phone: 602-688-9279

Office Email: linda@justsoldit.com

Last Updated: April - 02 - 2025