999 S PALM Lane, Chandler, AZ 85225

$803,000
Property Type: Multiple Dwellings Bedrooms: 8 Baths: 4 Status: Closed
Current Price: $803,000 Last Modified: 5/19/2025

Overview

Description

Location, Location, Location! Located right off of AZ Ave and 202, this rare gem of an opportunity to own a fourplex in Chandler is now available. Each unit has 2 bedrooms and 1 bath along with a full kitchen, in unit laundry, seperate HVAC units and spacious private front patio areas. The exterior of the property has just been reconditioned including a brand new roof and exterior paint in 2024. This fourplex has been well maintained while keeping the rents very low for the residents creating a stable income for the owner. New owner can adjust rents accordingly. Parking is simple on the North side of the property and there is a storage shed on the East side. Quick easy access to the 202 freeway, Walmart and much more! Definitely go see this one! Perfect for your Investment Portfolio!

Listing Details MLS# 6678228

Location, Tax & Legal

House Number
999
Compass
S
Street Name
PALM
St Suffix
Lane
City/Town Code
Chandler
State/Province
AZ
Zip Code
85225
Zip4
6892
Country
US
County Code
Maricopa
Subdivision
CHIEFTAIN VILLAGE 3
Assessor Number
303-62-093
Tax Year
2023

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
112 x 102 Roughly
Year Built
1983
Uncvrd Parking Spcs
12
Total # of Units
4
# of Buildings
Yes
Zoning
MF-2
Elementary School District
Chandler Unified District
High School District
Chandler Unified District

Remarks Misc

Cross Street
Arizona Ave and Pecos
Directions
Go West on Pecos to Palm Lane. Fourplex is on the corner of Pecos and Palm Lane.

Status Change Info

Off Market Date
2024-04-24
Under Contract Date
2024-04-24
Close of Escrow Date
2024-05-31

Legal Info

Township
1S
Range
5E
Section
33
Lot Number
15

More Information

2 Bedroom Units

# 2 Bedroom Units
4
Avg Rent
702.5
Avg SqFt
800
# Baths
Yes

Structure

Bedrooms Total
8
Bathrooms Total
4

Income Expenses

Gross Annual Sch Inc
33720
Net Operating Income
29393

Showing Notification Methods

Showing Service
Aligned Showings

Contact Info

List Agent Home Phn
480-503-0700

Sold Info

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

Property Features

Project Type: Four Plex Construction: Block; Wood Frame Const - Finish: Painted; Stucco; Siding Roofing: Composition Floors: Vinyl; Carpet Sale Includes: Land & Building Community Features: No Pool Exterior Amenities: Landscape Water System; Green Landscaping; Desert Landscaping; Sidewalk(s) Interior Features: Unfurnished Appliances Included: Free-Standing Range; Refrigerator; Dishwasher; Disposal; W/D Hookup Cooling: Heat Pump Water Source: City Franchise Sewer: Sewer - Public; Sewer-In & Connected Electric: SRP Gas: None Parking Features: Free; Paved Road Surface Type: Gravel; Concrete Owner Pays: Trash Collection; Landscaping Tenant Pays: Water; Electricity; Cable TV Source of Fincl Data: Owner Status Update: Multiple Offers Recd Showing Notification Methods: Text; Phone Call Lockbox Type: None Existing 1st Loan: Treat as Free&Clear New Financing: Cash; VA; FHA; Conventional; No Carry; 1031 Exchange Environmental: None
IDX
Listing Office: Firebird Housing
Office Phone: 480-633-1993
Office Email: amy.golba@gmail.com
Last Updated: May - 19 - 2025
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