599 E DETROIT Street, Chandler, AZ 85225

$500,000
Property Type: Multiple Dwellings Status: Closed
Current Price: $500,000 Last Modified: 6/15/2026

Overview

Description

Great Opportunity to Own 4 Units near Thriving Downtown Chandler Arizona in the Booming Southeast Valley. Nice Unit Mix with Two detached Duplex's on a Huge 14,636 Sq.Ft. Corner Lot. Great Curb appeal with Lush landscaping and Classic Building Design Flow. Same Tenants for many years that are Month to Month with lots of Upside on Rents. Laundry Hookups, Some Covered Parking and outside privacy. See Document Tab for Flyer ,Proforma with Market Rents are a 5.88 Cap rate. Facts and Figures are approximate, Buyer to verify to their own satisfaction.

Listing Details MLS# 6185804

Location, Tax & Legal

Map Code/Grid
T39
House Number
599
Compass
E
Street Name
DETROIT
St Suffix
Street
City/Town Code
Chandler
State/Province
AZ
Zip Code
85225
Zip4
4917
Country
US
County Code
Maricopa
Subdivision
GREATER CHANDLER ADD BLK 7
Assessor Number
302-63-023-C
Tax Year
2020
Assessor's Map #
63
Legal Description (Abbrev)
GREATER CHANDLER ADDITION MCR 31-27 LOT 13 BLK 9 EX S 197.10F
Assessor's Parcel #
23
Assessor Parcel Ltr
C
Add'l Parcels
No
Tax Municipality
Chandler
Census Tract
522903
Taxes
1180
Legal
GREATER CHANDLER ADDITION MCR 31-27 LOT 13 BLK 9 EX S 197.10F
Marketing Name
Chandler 4

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
147 X 99
Year Built
1946
Uncvrd Parking Spcs
4
Total # of Units
4
# of Buildings
2
Zoning
MF-1
Elementary School District
Chandler Unified District
High School District
Chandler Unified District

Remarks Misc

Cross Street
Arizona Ave and Chandler Blvd
Directions
East on Chandler BLVD to Hamilton, North to Detroit. Property is on Corner Lot Southwest Corner of Hamilton and Detroit.

Status Change Info

Off Market Date
2021-03-19
Under Contract Date
2021-01-27
Close of Escrow Date
2021-03-18

Legal Info

Township
1S
Range
5E
Section
27
Block
9
Lot Number
13

More Information

Income Expenses

Gross Annual Sch Inc
30000
Net Operating Income
23340

1 Bedroom Units

# 1 Bedroom Units
2
Avg Rent
550
Avg SqFt
475
# Baths
Yes

2 Bedroom Units

# 2 Bedroom Units
2
Avg Rent
700
Avg SqFt
744
# Baths
Yes

Sold Info

Loan Type
Conventional
Loan Years
30
Payment Type
Fixed
Closing Cost Split
Normal - N
Buyer Concession $/%
$
Seller Concession to Buyer
6616.08
Seller Concession $/%
$
Buyer Concession to Seller
0

Project Type

Four Plex
Yes

Construction

Block
Yes

Const - Finish

Painted
Yes

Roofing

Composition
Yes

Floors

Concrete
Yes
Vinyl
Yes
Carpet
Yes

Sale Includes

Land & Building
Yes

Income & Expenses

Annual Elec Exp
0
Annual Gas Exp
0
Annual Ins Exp
1000
Annual Land Lse Exp
0
Annual Landscape Exp
600
Annual Legal & Acctg
0
Annual Maint Exp
1000
Annual Mgmt Exp
0
Annual Trash Exp
0
Annual Wtr/Swr Exp
2880
Owner Association
No
Annual Ownr Asoc Fee
0
Operating Exp
6660
Other Income
0
Vacancy Allowance
0
Adjusted Gross Inc
30000
Total Monthly Rental Income
0

Pmt & Rate Info

Cap Rate
4.13
Equity
565000
Down Payment %
0
Monthly Payments
0
Total Owed
0

Showing Notification Methods

Phone Call
Yes

Community Features

Other
Yes
See Remarks
Yes

Heating

Natural Gas
Yes
Individual
Yes

Cooling

Evaporative Cooling
Yes
Electric
Yes
Individual
Yes

Tenant Pays

Gas
Yes
Electricity
Yes

Appliances Included

W/D Hookup
Yes

Road Surface Type

Asphalt
Yes

Source of Fincl Data

Owner
Yes

Water Source

City Franchise
Yes

Sewer

Sewer - Public
Yes

Parking Features

Carport
Yes
>1 Space Per Unit
Yes

Electric

APS
Yes

Gas

SW Gas
Yes

Owner Pays

Water
Yes
Sewer
Yes
Trash Collection
Yes
Landscaping
Yes

New Financing

Conventional
Yes
1031 Exchange
Yes

Reports/Disclosures

Other (See Remarks)
Yes

Environmental

Other (See Remarks)
Yes

Efficiency 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 Floors: Concrete; Vinyl; Carpet Sale Includes: Land & Building Community Features: Other; See Remarks Appliances Included: W/D Hookup Heating: Natural Gas; Individual Cooling: Electric; Evaporative Cooling; Individual Water Source: City Franchise Sewer: Sewer - Public Electric: APS Gas: SW Gas Parking Features: Carport; >1 Space Per Unit Road Surface Type: Asphalt Owner Pays: Water; Trash Collection; Landscaping Tenant Pays: Electricity; Gas Source of Fincl Data: Owner Showing Notification Methods: Phone Call New Financing: Conventional; 1031 Exchange Environmental: Other (See Remarks)
IDX
Listing Office: Better Homes & Gardens Real Estate SJ Fowler
Last Updated: June - 15 - 2026
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