337 N COLORADO Street, Chandler, AZ 85225

$1,070,000
Property Type: Multiple Dwellings Status: Closed
Current Price: $1,070,000 Last Modified: 12/19/2025

Overview

Description

New Construction Triplex in the heart of Downtown Chandler historic disctrict. Beautifully Craftsman design and top of the line modern updates throughout the property. You have many options with this great property: rent all 3 out as long term rentals with the peace of mind maintanence will be taken care of for years to come (All units seperately metered h20 & electric) very low expenses for LL, offer them as short term or midterm rentals to maximize returns or live in one of the units and have the other two fully cover your living expenses. All units offer 2 bedrooms, vaulted ceilings, private courtyards and private garage. This will not last long!!

Listing Details MLS# 6769995

Location, Tax & Legal

House Number
337
Compass
N
Street Name
COLORADO
St Suffix
Street
City/Town Code
Chandler
State/Province
AZ
Zip Code
85225
Zip4
4607
Country
US
County Code
Maricopa
Subdivision
CHANDLER
Assessor Number
302-62-113
Tax Year
2024
Assessor's Map #
62
Legal Description (Abbrev)
LOT 359 CHANDLER MCR 000534
Assessor's Parcel #
113
Add'l Parcels
No
Tax Municipality
Chandler
Census Tract
522903
Taxes
4024
Legal
LOT 359 CHANDLER MCR 000534
Marketing Name
3 on Colorado

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
50x150
Year Built
2023
Uncvrd Parking Spcs
3
Total # of Units
3
# of Buildings
2
Zoning
MF-2
Flood Zone
No
Elementary School District
Chandler Unified District
High School District
Chandler Unified District

Remarks Misc

Cross Street
Chandler Blvd and Arizona Ave
Directions
East on Chandler BLVD to Colorado Colorado South to Property. Property is on the right side of the Road

Status Change Info

Off Market Date
2024-11-13
Under Contract Date
2024-10-17
Close of Escrow Date
2024-11-15

Legal Info

Township
1S
Range
5E
Section
27
Lot Number
359

More Information

Income Expenses

Gross Annual Sch Inc
90000
Net Operating Income
81476

Showing Notification Methods

Showing Service
Aligned Showings

2 Bedroom Units

# 2 Bedroom Units
3
Avg Rent
2500
Avg SqFt
900
# Baths
2

Contact Info

List Agent Home Phn
480-622-0322

Sold Info

Loan Type
Cash
Payment Type
Other
Closing Cost Split
Normal - N
Buyer Concession $/%
$
Seller Concession to Buyer
3500
Seller Concession $/%
$
Buyer Concession to Seller
0

Project Type

Tri-Plex
Yes

Construction

Wood Frame
Yes

Const - Finish

Painted
Yes
Stucco
Yes
Siding
Yes

Roofing

Composition
Yes

Floors

Vinyl
Yes

Sale Includes

Land & Building
Yes

Income & Expenses

Owner Association
No
Annual Ownr Asoc Fee
0
Operating Exp
4024
Other Income
0
Vacancy Allowance
0.05
Adjusted Gross Inc
85500

Pmt & Rate Info

Cap Rate
7.76
Equity
1050000
Down Payment %
0
Monthly Payments
0
Total Owed
0

Lockbox Type

Combo
Yes

Community Features

No Pool
Yes

Heating

Electric
Yes

Cooling

Central Air
Yes

Exterior Amenities

Landscape Water System
Yes

Interior Features

Unfurnished
Yes
Fire/Smoke Alarm(s)
Yes
Fire Sprinklers
Yes

Tenant Pays

Water
Yes
Sewer
Yes
Electricity
Yes
Trash Collection
Yes
Cable TV
Yes

Appliances Included

Dishwasher
Yes
Disposal
Yes
Microwave
Yes
Free-Standing Range
Yes
W/D Hookup
Yes

Road Surface Type

Asphalt
Yes

Source of Fincl Data

Projected Proforma
Yes

Water Source

Individual Meter
Yes

Sewer

Sewer - Public
Yes

Parking Features

Garage
Yes

Electric

APS
Yes
Individual Meter
Yes

Gas

None
Yes

Owner Pays

Landscaping
Yes

New Financing

Cash
Yes
VA
Yes
Conventional
Yes
FHA
Yes
1031 Exchange
Yes

Existing 1st Loan

Treat as Free&Clear
Yes

Reports/Disclosures

None
Yes

Environmental

None
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: Tri-Plex Construction: Wood Frame Const - Finish: Painted; Stucco; Siding Roofing: Composition Floors: Vinyl Sale Includes: Land & Building Community Features: No Pool Exterior Amenities: Landscape Water System Interior Features: Unfurnished; Fire/Smoke Alarm(s); Fire Sprinklers Appliances Included: Free-Standing Range; Dishwasher; Disposal; Microwave; W/D Hookup Cooling: Central Air Water Source: Individual Meter Sewer: Sewer - Public Electric: APS; Individual Meter Gas: None Parking Features: Garage Road Surface Type: Asphalt Owner Pays: Landscaping Tenant Pays: Water; Sewer; Electricity; Trash Collection; Cable TV Source of Fincl Data: Projected Proforma Lockbox Type: Combo Existing 1st Loan: Treat as Free&Clear New Financing: Cash; VA; FHA; Conventional; 1031 Exchange Environmental: None
IDX
Listing Office: Kenneth James Realty
Last Updated: December - 19 - 2025
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