690 S California Street, Chandler

$388,888

0 Beds
0 Baths
0 Acres
0 Garages

PRICE REDUCED!!! Buyer to verify all facts, figures and financials. Amazing cash flow and great DUPLEX property near Downtown Chandler! Gigantic oversized lot with huge front yard and backyard, including children's playground, making these units perfect for families! Each unit has 3 bedrooms and 1 bathroom, has a private yard, in-unit laundry, and large private driveway. Both units were recently remodeled with several updates (including new plumbing/sewer in both units!). Other updates include new flooring, interior paint, and doors/closets in several rooms across both units and a new AC system in one unit! Location is amazing -- next to major shopping centers, restaurants, central freeways, and top-tier Chandler schools. Both units are rented, and tenants are great and always on-time; Rent for each unit is $1250 (plus tenants pay own gas/electricity, and are backcharged for water, sewer, and trash!), but plenty of room to further increase rents. Proforma rent is $1450 for each unit, and proforma Section 8 rents are between $1500-$1650+ for each unit (see screenshot in photos)! No HOA and fantastic cap rate! Hurry - this won't last long - don't miss out on this rare multi-family property with both great financials and real-estate fundamentals! Please do not disturb tenants, interior showing after signed and accepted contract.

Essential Information
MLS® #6070914
Price$388,888
Year Built1956
TypeMulti-Family
Sub-TypeDuplex
StatusUnder Contract-Backups
Community Information
Address690 S California Street
SubdivisionCHIEFTAIN VILLAGE
CityChandler
CountyMaricopa
StateAZ
Zip Code85225
Amenities
AmenitiesNo Pool, Play Area
Parking Spaces6
Parking

Add'l Parking Avail, Paved Parking, RV/Boat Parking, 1 Space/Unit

Interior
Interior FeaturesUnfurnished, Mini Blinds
HeatingElectric, Gas
Cooling2 or More Units, Central A/C
Appliances

Disposal, Microwave, Refrigerator, W/D Hookup, Washer/Dryer, Dishwasher

Exterior
Exterior FeaturesFenced, Patio/Balcony
Lot Description10755
RoofComp Shingle
ConstructionBlock
School Information
ElementaryFrye
MiddleBogle
HighHamilton
District

080 - Chandler Unified District

Additional Information
Zoningmultifamily
Listing Details
OfficeeXp Realty
Property History
Status Changed from Active to Under Contract-Backups
Price Reduced from $399,000 to $388,888
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Listing information last updated on May 25th, 2020 at 5:48pm MST.