288 N HARTFORD Street 2, Chandler, AZ 85225 (MLS# 6457271)

288 N HARTFORD Street 2, Chandler, AZ 85225

$1,025,000

Units 1,2,3 back doors Roof and AC Units

Property Type: Multiple Dwellings Status: Closed

Current Price: $1,025,000 Last Modified: 4/21/2025

Overview

Description

1/2 a mile from Vibrant Downtown Chandler, San Marcos Golf Club and Chandler Highschool on a Quiet street surrounded by single family homes. Units face a private gated peaceful landscaped courtyard. Units have backdoors to patios, well lighted motion detected Covered Parking, Private Tenant Storage Units, Cool Covered Breezeway, Laundry onsite and Detached Garage with Bathroom, Shower and Laundry for possible 5th Unit. Owner occupied and shows true pride of ownership through Turnkey Conditioned Property, Metal Roof 2020, All AC Units less then 3 years old, Electrical Panel 2020, Soft Water. Units recently updated with Vinyl Plank Flooring, Butcher Block Counters, Cabinets, Windows, Security Doors and updated bathrooms. Buyer to verify all facts and figures to their satisfaction.

Listing Details MLS# 6457271

Location, Tax & Legal

Map Code/Grid: T38
House Number: 288
Compass: N
Street Name: HARTFORD
St Suffix: Street
City/Town Code: Chandler
State/Province: AZ
Zip Code: 85225
Zip4: 4467
Country: US
County Code: Maricopa
Assessor Number: 302-53-093
Tax Year: 2021
Unit #: 2
Assessor's Map #: 53
Legal Description (Abbrev): PT SE4 SW4 S 75'OF N 150'OF FOL BEG AT PT ON E LI SE4 SW4 SD SEC FR WH NE COR SE4 SW4 BEARS N 0D02'
Assessor's Parcel #: 93
Add'l Parcels: No
Tax Municipality: Chandler
Census Tract: 523002
Taxes: 1546
Legal: PT SE4 SW4 S 75'OF N 150'OF FOL BEG AT PT ON E LI SE4 SW4 SD SEC FR WH NE COR SE4 SW4 BEARS N 0D02'
Marketing Name: Hartford 4

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: 157 X 74
Year Built: 1960
Uncvrd Parking Spcs: 3
Total # of Units: 4
# of Buildings: 3
Zoning: MF-1
Elementary School District: Chandler Unified District
High School District: Chandler Unified District

Remarks Misc

Cross Street: Chandler Blvd and Arizona Ave
Directions: West on Chandler Blvd to Hartford. North/Right to property on West side of street.

Status Change Info

Off Market Date: 2022-09-30
Under Contract Date: 2022-09-14
Close of Escrow Date: 2022-10-13

Legal Info

Township: 1S
Range: 5E
Section: 28

More Information

Income Expenses

Gross Annual Sch Inc: 69600
Net Operating Income: 57623

1 Bedroom Units

# 1 Bedroom Units: Yes
Avg Rent: 950
Avg SqFt: 645
# Baths: Yes

2 Bedroom Units

# 2 Bedroom Units: 2
Avg Rent: 1425
Avg SqFt: 775
# Baths: Yes

3 Bedrooms Units

# 3 Bedroom Units: Yes
Avg Rent: 2000
Avg SqFt: 1020
# Baths: Yes

Sold Info

Loan Type: Other
Payment Type: Other
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
Metal: Yes

Floors

Wood: Yes
Other: Yes

Sale Includes

Land & Building: Yes
Laundry Equipment: Yes

Income & Expenses

Annual Elec Exp: 0
Annual Gas Exp: 360
Annual Ins Exp: 1200
Annual Land Lse Exp: 0
Annual Landscape Exp: 600
Annual Legal & Acctg: 0
Annual Maint Exp: 1000
Annual Mgmt Exp: 5261
Annual Trash Exp: 1050
Annual Wtr/Swr Exp: 960
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 11977
Other Income: 0
Vacancy Allowance: 0.03
Adjusted Gross Inc: 67512

Pmt & Rate Info

Cap Rate: 5.24
Equity: 1100000
Down Payment %: 100
Monthly Payments: 0
Total Owed: 0

Showing Notification Methods

Phone Call: Yes

Lockbox Type

None: Yes

Community Features

See Remarks: Yes

Heating

Natural Gas: Yes

Cooling

Heat Pump: Yes
Individual: Yes

Exterior Amenities

Landscape Water System: Yes
Desert Landscaping: Yes
Fenced: Yes
Patio/Balcony: Yes
Separate Storage: Yes
Other (See Remarks): Yes

Interior Features

Water Softener(s): Yes

Tenant Pays

Gas: Yes
Electricity: Yes

Appliances Included

Dishwasher: Yes
Disposal: Yes
Free-Standing Range: Yes
Washer/Dryer: Yes
W/D Hookup: Yes
Other: Yes

Road Access Type

Alley: Yes

Road Surface Type

Asphalt: Yes
Concrete: Yes

Source of Fincl Data

Owner: Yes
Projected Proforma: Yes

Water Source

City Franchise: Yes
Master Meter: Yes

Sewer

Sewer - Public: Yes

Parking Features

Garage: Yes
Carport: Yes
>1 Space Per Unit: Yes
Paved: Yes

Electric

APS: Yes

Gas

SW Gas: Yes

Owner Pays

Water: Yes
Sewer: Yes
Gas: Yes
Trash Collection: Yes
Landscaping: Yes

New Financing

Conventional: Yes
1031 Exchange: Yes

Existing 1st Loan

Conventional: Yes

Reports/Disclosures

None: Yes

Environmental

None: Yes

Efficiency Units

Avg Rent: 0

4 Bedrooms Units

Avg Rent: 0

Property Features

Project Type: Four Plex Construction: Block Const - Finish: Painted Roofing: Composition; Metal Floors: Wood; Other Sale Includes: Land & Building; Laundry Equipment Community Features: See Remarks Exterior Amenities: Landscape Water System; Desert Landscaping; Fenced; Patio/Balcony; Separate Storage; Other (See Remarks) Interior Features: Water Softener(s) Appliances Included: Free-Standing Range; Dishwasher; Disposal; Washer/Dryer; W/D Hookup; Other Heating: Natural Gas Cooling: Heat Pump; Individual Water Source: City Franchise; Master Meter Sewer: Sewer - Public Electric: APS Gas: SW Gas Parking Features: Garage; Carport; >1 Space Per Unit; Paved Road Access Type: Alley Road Surface Type: Asphalt; Concrete Owner Pays: Water; Gas; Trash Collection; Landscaping Tenant Pays: Electricity; Gas Source of Fincl Data: Owner; Projected Proforma Showing Notification Methods: Phone Call Lockbox Type: None Existing 1st Loan: Conventional New Financing: Conventional; 1031 Exchange Environmental: None

Listing Office: Better Homes & Gardens Real Estate SJ Fowler

Last Updated: April - 21 - 2025