Properties
Chandler, AZ 85225 950 W Erie Street
$2,250,000
39 more
Presented By: eXp Realty; 888-897-7821
Home Details
JUST REDUCED! Terrific investment opportunity features two meticulously maintained fourplexes on individual residential lots, w/ potential for residential financing! Each unit has a spacious 1,039 sq. ft. 2BD/1.5BA layout on two levels.There are three renovated units with new flooring, cabinets, quartz counters, lighting, ceiling fans & appliances. There are five storage units & in-unit laundry for further income potential. There are also two covered parking spaces per unit & three additional covered guest spaces. Just two owners! The original owner built the ''Bravo'' in the mid-1980's, managed & maintained it for 40+ years! The current owner has improved on an already impressive property, offering a fantastic investment opportunity w/ tons of value-add potential. Reach out for more info.
Presented By: eXp Realty; 888-897-7821
Interior Features for 950 W Erie Street
Bathrooms
Total Baths
Other Interior Features
Air Conditioning Y/NYes
FlooringTile, Carpet, Vinyl
Heating Y/NYes
General for 950 W Erie Street
Additional Parcels Y/NYes
Attached Garage No
Cap Rate3.22
Carport Y/NNo
CityChandler
Community FeaturesNo Pool
Construction MaterialsWood Frame, Painted, Stucco, Block
CoolingCentral Air
CountyMaricopa
DirectionsNorth to Erie Street, East to property
DisclosuresSeller Prop Disc Stm
ElectricAPS
Electric Expense720.0
Elementary SchoolHartford Sylvia Encinas Elementary
Elementary School DistrictChandler Unified District #80
Garage Y/NNo
Gross Income133440.8
HeatingElectric
High SchoolChandler High School
High School DistrictChandler Unified District #80
Lease Considered Y/NNo
Lease Renewal Y/NNo
MaintenanceExpense4800.0
Middle/Junior High SchoolJohn M Andersen Jr High School
MobileHomeRemainsYNNo
Net Operating Income72420.0
New ConstructionNo
New Financing: CashTrue
New Financing: ConventionalTrue
Number Of Units Total8
Occupancy TypeTenant
Open Parking Spaces0.0
Operating Expense14142.0
OwnerPaysTrash Collection, Water, Sewer, Landscaping
OwnershipFee Simple
OwnershipFee Simple
Property TypeMultiple Dwellings
Rent Control Y/NNo
RoofTile
Security FeaturesSecurity Light(s)
Senior CommunityN
SewerSewer-In & Connected, Public Sewer
Standard StatusActive
StatusActive
Tax Annual Amount1974.0
Tax LotN/A
Tax Year2025
Township1S
Water Sewer Expense3648.0
Year Built1983
ZoningPAD
Exterior for 950 W Erie Street
Covered Spaces19.0
Crops Included Y/NNo
Irrigation Water Rights Y/NNo
Lot Dimensions95X133 (lot C) -AND- 105X133 (lot D)
Number of Buildings2
Parking Features>1 Space Per Unit, Carport
Road Surface TypeAsphalt
SpaNo
Total Parking19.0
Water SourceCity Franchise
Additional Details
Price History
Schools
High School
Chandler High School
Middle School
John M Andersen Jr High School
Elementary School
Hartford Sylvia Encinas Elementary
