581 N Colorado Street, Chandler, AZ 85225
- $460,000
- Sold Price
- $460,000
- List Price
- $465,000
- Closing Date
- Dec 12, 2024
- Days on Market
- 49
- Status
- CLOSED
- MLS#
- 6768954
- City
- Chandler
- Subdivision
- Greater Chandler Add Blk 8 & 9
- Year Built
- 1951
Property Description
This triplex in Chandler is the perfect investment opportunity with a cumulative rental income of $4,030/month. The property consists of three units, each currently occupied by long-term tenants on month-to-month leases. Situated just minutes from Downtown Chandler, the area offers convenient access to shopping, dining, and entertainment. Buyers are encouraged to verify all facts, including rental income, lease agreements, and zoning information. With consistent cash flow and potential for appreciation, this triplex is an excellent option for investors looking to expand their portfolio.
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Additional Information
- Elementary School
- Hartford Sylvia Encinas Elementary
- High School
- Chandler High School
- Middle School
- John M Andersen Jr High School
- Community Features
- No Pool
- Construction
- Wood Frame, Stucco
- Cooling
- Electric, Window/Wall Unit
- Electric
- APS
- Exterior Features
- Sidewalk(s)
- Flooring
- Ceramic Tile
- Heating
- Natural Gas
- New Financing
- VA Loan, FHA, Conventional, 1031 Exchange, Cash
- Parking Features
- Open, On Street, RV Access/Parking
- Roofing
- Composition
- Subdivision
- Greater Chandler Add Blk 8 & 9
- Taxes
- $756
- Tax Year
- 2023
- Tenant Pays
- Electricity
- Units
- 3
- Water
- City Franchise
- Zoning
- R-8.5
Mortgage Calculator
Listing courtesy of UMe Realty Group. Selling Office: Epique Realty.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved.