577 E ERIE Street, Chandler, AZ 85225
$492,350
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$492,350
Last Modified:
8/03/2025
Description
Great investment opportunity within walking distance of Historic Downtown Chandler. Three duplex units that are all within a block wall as a set of apartment buildings. Large lot with lush grass and trees make this set of duplexes stand out. We have all seen the revitalization of downtown Chandler over the last several years heading towards this set of properties. There is only one current written lease which makes this a great opportunity for an investor. Units have been taken care of well.
More Information MLS# 5598759
Contract Info
Current Price: $492,350
Sold Price: $492,350
Status: Closed
List Date: 2017-04-27
Ownership: Fee Simple
Location Tax Legal
Map Code/Grid: T39
House Number: 577
Compass: E
Street Name: ERIE
St Suffix: Street
City/Town Code: Chandler
State/Province: AZ
Zip Code: 85225
Zip4: 5000
County Code: Maricopa
Subdivision: GREATER CHANDLER ADD BLK 7
Assessor Number: 302-63-015-A
Tax Year: 2016
General Property Description
Lot Size Dimensions: 206.15 x 150.09
Year Built: 1963
Uncvrd Parking Spcs: 10
Total # of Units: 6
# of Buildings: 3
Zoning: R-8.5
Elementary School District: Chandler Unified District
High School District: Chandler Unified District
Elementary School: Galveston Elementary School
Jr. High School: Willis Junior High School
High School: Chandler High School
Remarks Misc
Cross Street: Arizona Ave & Chandler Blvd
Directions: East On Chandler. North on Hamilton. West on Erie to properties on south side.
Geo Lat: 33.309509
Geo Lon: -111.833505
Status Change Info
Off Market Date: 2017-05-04
Under Contract Date: 2017-05-03
Close of Escrow Date: 2017-06-12
Sold Price: $492,350
Legal Info
Township: 1S
Range: 5E
Section: 27
Block: 8
Lot Number: 11
Income Expenses
Net Operating Income: 38000
1 Bedroom Units
# 1 Bedroom Units: 1
Avg Rent: 450
Avg SqFt: 550
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 5
Avg Rent: 700
Avg SqFt: 730
# Baths: 1
Sold Info
Loan Type: Conventional
Loan Years: 30
Payment Type: Fixed
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Property Features
Project Type: 5 - 12 Units
Construction: Block
Const - Finish: Painted
Roofing: Composition
Floors: Ceramic Tile
Sale Includes: Land & Building
Community Features: No Pool; Other; See Remarks
Exterior Amenities: Fenced; Cable TV Available; Patio/Balcony; Security Light(s)
Interior Amenities: Unfurnished
Appliances Included: Refrigerator
Cooling: Central Air
Water Source: City Franchise
Sewer: Sewer - Public
Electric: SRP
Gas: SW Gas
Parking Features: Garage; Paved; Other
Owner Pays: None
Tenant Pays: Electricity; Gas; Cable TV
Source of Fincl Data: Owner
Existing 1st Loan: Conventional
Existing 1st Ln Type: Not Applicable
Existing 1st Ln Trms: Not Applicable
Existing 2nd Loan: Other (See Remarks)
Existing 2nd Ln Type: Not Applicable
Existing 2nd Ln Trms: Not Applicable
Existing 3rd Loan: Other (See Remarks)
Existing 3rd Ln Type: Not Applicable
Existing 3rd Ln Trms: Not Applicable
Existing Othr Ln Trm: Not Applicable
New Financing: Conventional; Other (See Remarks)
Environmental: None
Listing Office: Realty Executives
Last Updated: August - 03 - 2025
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