1409 N PLEASANT Drive, Chandler, AZ 85225
$140,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$140,000
Last Modified:
8/01/2025
Description
Attractive duplex, both 2-bedroom, 1-bath units. One unit is rented currently for $781.25/month (includes 1.5% sale tax) to a tenant MTM, but who has been there since 2011. The other unit tenant has been there since 2007 and is also MTM and pays $790.25 ( includes 1.5% sale tax). Building is slump block constructed, and additional insulation was added to both units in 2012. MLS details below and attached pictures reveal property is well maintained and appointed which includes microwave, tile flooring throughout, landscaping, block fencing, etc. Great investment opportunity as priced with a good CAP return rate (based on current rents and expenses). Duplex includes 1407 and 1409 N Pleasant Drive.
More Information MLS# 5177245
Contract Info
Current Price: $140,000
Sold Price: $140,000
Status: Closed
List Date: 2014-09-26
Ownership: Fee Simple
Location Tax Legal
Map Code/Grid: T38
House Number: 1409
Compass: N
Street Name: PLEASANT
St Suffix: Drive
City/Town Code: Chandler
State/Province: AZ
Zip Code: 85225
Zip4: 4359
County Code: Maricopa
Assessor Number: 302-42-046
Tax Year: 2013
General Property Description
Lot Size Dimensions: 9270
Year Built: 1974
Total # of Units: 2
# of Buildings: 1
Zoning: MF-2
Elementary School District: Chandler Unified District
High School District: Chandler Unified District
Elementary School: John M Andersen Elementary School
Jr. High School: John M Andersen Jr High School
High School: Chandler High School
Remarks Misc
Cross Street: Warner & Alma School
Directions: South on Alma School Rd to Knox. Turn east to first left on Pleasant. 1407 and 1409 is first duplex on right.
Geo Lat: 33.328265
Geo Lon: -111.85663
Status Change Info
Off Market Date: 2014-10-06
Under Contract Date: 2014-10-01
Close of Escrow Date: 2014-10-28
Sold Price: $140,000
Legal Info
Township: 1S
Range: 5E
Section: 21
Lot Number: 41
Income Expenses
Gross Annual Sch Inc: 18579
Net Operating Income: 13093
2 Bedroom Units
# 2 Bedroom Units: 2
Avg Rent: 774
Avg SqFt: 852
# Baths: 1
Contact Info
List Agent Pager: 480-839-2600
Sold Info
Loan Type: Carryback
Loan Years: 30
Payment Type: Balloon
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Property Features
Project Type: Duplex
Construction: Slump Block
Const - Finish: Stone
Roofing: Composition
Floors: Ceramic Tile
Sale Includes: Building(s) Only
Community Features: No Pool
Exterior Amenities: Landscape Wtr System; Green Landscaping; Fenced; Satellite Dish; Cable TV Available
Interior Amenities: Unfurnished; Fire/Smoke Alarm(s); Vertical Blinds; Mini Blinds
Appliances Included: Built-In Range; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer; W/D Hookup
Heating: Central; Heat Pump
Cooling: Ceiling Fan(s); Electric; Heat Pump; Central Air
Water Source: City Franchise
Sewer: Sewer - Public
Electric: SRP; Individual Meter
Gas: None
Parking Features: Carport; On Street
Owner Pays: Water; Trash Collection; Landscaping
Tenant Pays: Electricity; Cable TV
Source of Fincl Data: Owner; Tax Return
Existing 1st Loan: Treat as Free&Clear
Existing 1st Ln Type: Not Applicable
Existing 1st Ln Trms: Not Applicable
Existing 2nd Loan: Treat as Free&Clear
Existing 2nd Ln Type: Not Applicable
Existing 2nd Ln Trms: Not Applicable
Existing 3rd Loan: Treat as Free&Clear
Existing 3rd Ln Type: Not Applicable
Existing 3rd Ln Trms: Not Applicable
Existing Othr Ln Trm: Not Applicable
New Financing: FHA; Conventional
Environmental: None
Listing Office: AZ Brokerage Holdings, LLC
Last Updated: August - 01 - 2025
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