$650,000
33.293435 -111.845478
FOR SALE

185 W MORELOS Street Chandler, AZ 85225

$650,000
Est. Monthly $3,073 with $2,777 in taxes recalculate
 

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CENTURY 21 Platinum Real Estate
2141 E. Pecos Road
Chandler, AZ 85225
480.­497.2121
480.­497.2121
CENTURY 21 Platinum Real Estate
2141 E. Pecos Road Chandler, AZ 85225
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185 W MORELOS Street
Chandler, AZ 85225

Explore This Property

Multi-Family (2-4 Units) - High demand area, low vacancy, fast/easy to rent, and all units leased! Strong tenant appeal since utilities are incl'd. Avg rent is $650/unit, most are month to month---gives landlord ability to modify any lease terms w/30d.notice. Recent facelift of building includes new exterior paint, roof stripped to wood & replaced in 2015 w/Owens Corning Oakridge asphalt shingles. Laundry rm in the courtyard with coin-op machines provides addt'l monthly revenue (see other income). Security cameras and DVR included, pre-wired for addt'l security cameras. Evap cooling & gas heating keeps utility costs low. Close to downtown Chandler, shopping & major freeways. Existing property mgr and maintenance man live on site and handle all routine matters.Competitive CAP rate compared to similar properties.
MLS # 5575453
Courtesy Of Keller Williams Realty Phoenix

Property Features

  • Age: Over 50 Years Old
  • Amenities: Security System, Security System
  • Appliances: Oven, Refrigerator
  • Architecture Style: Other
  • Cooling System: Evaporative
  • Exterior Type: Stucco
  • Floor Covering: Carpet, Vinyl
  • Parking Type: Paved or Surfaced
  • Roof Type: Composition Shingle

  • Purchase or Lease Opportunities

    Traditional Mortgage
    30 year mortgage at 3.38% APR
    $3,073Your estimated monthly payment
    $130,00020% Down Payment
    $650,000 $585,000 $2,777
    purchase price loan amount property tax (est)
    Explore Mortgage Options
    Program Details
    *Neither Century 21 Real Estate LLC nor any of its franchisees or other affiliated companies provides, or is in any way responsible, for any product or service offered by Home Partners of America.

  • Elementary School
    SAN MARCOS ELEMENTARY SCHOOL
    Grades PRESCHOOL-6 | Public School

    CHANDLER, AZ 85225
    451 W FRYE RD
    480-883-4200
    0.4
    miles

    Total Students 595
    Student Teacher Ratio 16:1

    School Rating

    3 stars View School Details
    Middle School
    BOGLE JUNIOR HIGH SCHOOL
    Grades 7-8 | Public School

    CHANDLER, AZ 85248
    1600 W QUEEN CREEK RD
    480-883-5500
    2.5
    miles

    Total Students 1200
    Student Teacher Ratio 20:1

    School Rating

    4 stars View School Details
    High School
    HAMILTON HIGH SCHOOL
    Grades 9-12 | Public School

    CHANDLER, AZ 85248
    3700 S ARIZONA AVE
    480-883-5000
    2.9
    miles

    Total Students 3994
    Student Teacher Ratio 21:1

    School Rating

    4 stars View School Details
    Other Nearby Schools Distance Type Grades School Rating Parent Rating
    Chandler Online Academy 0.8 mi Public 7-12
    Frye Elementary School 0.9 mi Public PRESCHOOL-6
    Chandler High School 1.1 mi Public 9-12
    Evit - Chandler High School 1.1 mi Public 9-12
    San Tan Christian Academy 1.1 mi Private 7-7
    Arizona College Prep Oakland Campus 1.2 mi Public 6-8
    Dr Howard K Conley Elementary School 1.3 mi Public PRESCHOOL-6
    Willis Junior High School 1.3 mi Public 7-8
    St Mary-basha Catholic School 1.4 mi Catholic K-8
    Arizona College Prep - Erie Campus 1.5 mi Public 7-12
    Blueprint High School 1.5 mi Public 9-12
    New Vistas Center For Education 1.5 mi Private PRESCHOOL-6
    Hartford Sylvia Encinas Elementary School 1.6 mi Public PRESCHOOL-6
    T. Dale Hancock Elementary School 1.6 mi Public PRESCHOOL-6
    Galveston Elementary School 1.7 mi Public K-6
    Rudy G Bologna Elementary School 1.9 mi Public PRESCHOOL-6
    Desert Jewish Academy 1.9 mi Private PRESCHOOL-PRESCHOOL
    Bright Beginnings School #1 2.0 mi Public PRESCHOOL-6
    Robert And Danell Tarwater Elementary School 2.0 mi Public K-6

    Local Area Information for Chandler, AZ 85225

    Median Age: 33.4
    Married: 32.7%
    Number of Households: 26,626
    Households with Children: 9,171
    • Occupancy Types
      • 0 Vacant
      • 0 Owned
      • 0 Rented
    • Transportation to Work
      • 0 Drive
      • 0 Public Transportation
      • 0 Walk / Bike / Other
      • 0 Work at Home
    (in Degrees Fahrenheit)
      Visit Area Info Page

      Copyright © 2017 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
      Community information and market data Powered by Onboard Informatics. Copyright ©2016 Onboard Informatics. Information is deemed reliable but not guaranteed.
      Sources: Maponics, LLC and Onboard Informatics ©2016. School Performance data by SchoolDigger.com. School Review data by Niche.com. This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.
      † Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.