3 N Naco Way, Chandler, AZ 85225
$968,500
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$968,500
Last Modified:
10/14/2025
Description
NEWLY RENOVATED!! Everything is BRAND NEW! BEAUTIFUL 2 Bedroom/ 1 Bathroom 4 plex at Chandler/McQueen in Chandler, AZ! All 4 apartments have NEW laminate flooring, new ceiling fans, new kitchen and bathroom cabinets, new appliances, new track lighting in the kitchen, fresh paint all over, new roof, and new dual pane windows. Kitchens have all NEW stainless appliances, including a refrigerator, stove, built-in microwave, and dishwasher! Washer/Dryer hook-ups are off of the kitchen hidden away in a laundry closet! Tenants all pay 1/4 share of water/sewer/trash bill. No HOA dues. Drive by only--DO NOT DISTURB TENANTS.
More Information MLS# 6403509
Contract Info
Ownership: Fee Simple
Current Price: $968,500
Sold Price: $968,500
Status: Closed
List Date: 2022-05-19
Location, Tax & Legal
Assessor's Map #: 2
Assessor's Parcel #: 152
Add'l Parcels: No
Tax Municipality: Chandler
Taxes: 1475
Legal: LOT 9 S & H APARTMENTS MCR 020401
Marketing Name: FULLY REMODELED 4-PLEX
Map Code/Grid: T39
House Number: 3
Compass: N
Street Name: Naco
St Suffix: Way
City/Town Code: Chandler
State/Province: AZ
Zip Code: 85225
County Code: Maricopa
Assessor Number: 303-02-152
Tax Year: 2021
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 6
Lot Size Dimensions: 8999
Total # of Units: 4
Elementary School District: Chandler Unified District
High School District: Chandler Unified District
Elementary School: Rudy G Bologna Elementary
Jr. High School: Willis Junior High School
High School: Perry High School
Year Built: 1979
Zoning: Multi
Project Type
Four Plex: 1
Construction
Wood Frame: 1
Const - Finish
Painted: 1
Stucco: 1
Roofing
Composition: 1
Floors
Vinyl: 1
Sale Includes
Building(s) Only: 1
Income & Expenses
Annual Elec Exp: 0
Annual Gas Exp: 0
Annual Ins Exp: 0
Annual Land Lse Exp: 0
Annual Landscape Exp: 500
Annual Legal & Acctg: 0
Annual Maint Exp: 1200
Annual Mgmt Exp: 4000
Annual Trash Exp: 600
Annual Wtr/Swr Exp: 1500
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Annual Other Expense: 0
Operating Exp: 9275
Other Income: 0
Vacancy Allowance: 0.01
Adjusted Gross Inc: 74392.56
Pmt & Rate Info
Cap Rate: 5.38
Down Payment: 0
Equity: 1199900
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Assessment Balance: 0
Lockbox Type
None: 1
Community Features
No Pool: 1
Heating
Electric: 1
Cooling
Electric: 1
Interior Features
Unfurnished: 1
Fire/Smoke Alarm(s): 1
Tenant Pays
Water: 1
Sewer: 1
Electricity: 1
Cable TV: 1
Appliances Included
Refrigerator: 1
Built-In Range: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
>1 Space Per Unit: 1
Electric
SRP: 1
Gas
None: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
Landscaping: 1
See Remarks: 1
New Financing
Cash to Loan: 1
VA: 1
Conventional: 1
FHA: 1
Existing 1st Loan
Treat as Free&Clear: 1
Existing 1st Loan Type
Not Applicable: 1
Existing 2nd Loan
Treat as Free&Clear: 1
Existing 2nd Loan Type
Not Applicable: 1
Existing 2nd Loan Terms
Not Applicable: 1
Existing 3rd Loan
Treat as Free&Clear: 1
Existing 3rd Loan Type
Not Applicable: 1
Reports/Disclosures
Other (See Remarks): 1
Existing 3rd Loan Terms
Not Applicable: 1
Environmental
None: 1
Existing Othr Ln Trm
Not Applicable: 1
Contact Info
List Agent Home Phn: 480-382-9681
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
# 2 Bedroom Units: 4
Avg Rent: 1565.5
Avg SqFt: 850
# Baths: 4
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Sold Info
Loan Type: Cash
Closing Cost Split: Normal - N
Payment Type: Fixed
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 0
Seller Concession $/%: $
Remarks Misc
Cross Street: E CHANDLER BLVD/ S MCQUEEN RD
Directions: From N Arizona Ave/ East on Chandler Blvd/ Right onto McQueen Road/ Left toward Naco Way/ Right onto Naco Way/ Complex on LEFT
Geo Lat: 33.303236
Geo Lon: -111.822359
Status Change Info
Off Market Date: 2022-08-01
Under Contract Date: 2022-06-27
Close of Escrow Date: 2022-08-05
Sold Price: $968,500
Legal Info
Lot Number: 9
Income Expenses
Gross Annual Sch Inc: 75144
Net Operating Income: 64523.56
Property Features
Project Type: Four Plex
Construction: Wood Frame
Const - Finish: Painted; Stucco
Roofing: Composition
Floors: Vinyl
Sale Includes: Building(s) Only
Community Features: No Pool
Interior Features: Unfurnished; Fire/Smoke Alarm(s)
Appliances Included: Built-In Range; Refrigerator
Cooling: Electric
Water Source: City Franchise
Sewer: Sewer - Public
Electric: SRP
Gas: None
Parking Features: >1 Space Per Unit
Road Surface Type: Asphalt
Owner Pays: Water; Trash Collection; Landscaping; See Remarks
Tenant Pays: Water; Sewer; Electricity; Cable TV
Source of Fincl Data: Owner
Lockbox Type: None
Existing 1st Loan: Treat as Free&Clear
Existing 1st Loan Type: Not Applicable
Existing 2nd Loan: Treat as Free&Clear
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: Cash to Loan; VA; FHA; Conventional
Environmental: None
Listing Office:
Market Edge Realty, LLC
Last Updated: October - 14 - 2025
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