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950 W Erie Street Chandler, AZ $ 2,350,000
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$ 2,350,000 Get more info
950 W Erie Street
$ 2,350,000
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950 W Erie Street

Chandler, AZ, 85225
$ 2,350,000
Baths0.0

Monthly Estimate*

$ 14,469

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Studio

Multi-Family Home for sale in Chandler, AZ

for $2,350,000. This home was built in 1983.

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.

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Multi-Family Active

Price

$ 2,350,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 1,974

Style

Multiple Dwellings

Year Built

1983

Town/City

Chandler

County/Region

Maricopa

MLS | Web ID

6993532
Features
General
Sewer Sewer-In & Connected Public Sewer
Heating Electric
Cooling Central Air
Roof Tile
Zoning PAD
Security Features Security Light(s)
Construction Materials Wood Frame Painted Stucco Block
Year Built 1983
Electric APS
Township 1S
Tax Year 2025
Ownership Fee Simple Fee Simple
Gross Income 133440.8
Community Features No Pool
County Maricopa
Net Operating Income 72420.0
Operating Expense 14142.0
New Construction N
Property Type Multiple Dwellings
Attached Garage N
MaintenanceExpense 4800.0
Garage Y/N N
Status Active
Directions North to Erie Street East to property
High School Chandler High School
City Chandler
Disclosures Seller Prop Disc Stm
High School District Chandler Unified District #80
Open Parking Spaces 0.0
Number Of Units Total 8
Carport Y/N N
Elementary School Hartford Sylvia Encinas Elementary
Tax Annual Amount 1974.0
Electric Expense 720.0
Middle/Junior High School John M Andersen Jr High School
Water Sewer Expense 3648.0
Lease Renewal Y/N N
Additional Parcels Y/N Y
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
Occupancy Type Tenant
Elementary School District Chandler Unified District #80
Tax Lot N/A
Cap Rate 3.08
New Financing: Conventional True
Senior Community N
New Financing: Cash True
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Interior
Flooring Tile Carpet Vinyl
Air Conditioning Y/N Y
Heating Y/N Y
Total Baths 0
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Exterior
Parking Features >1 Space Per Unit Carport
Water Source City Franchise
Total Parking 19.0
Number of Buildings 2
Spa N
Lot Dimensions 95X133 (lot C) -AND- 105X133 (lot D)
Road Surface Type Asphalt
Covered Spaces 19.0
Crops Included Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 950
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* Excluded Features
List By
Exp Realty

Broker

david@valleypremierteam.com

Email

Affordability Calculator

$14,634
Per Month
99%
1%
0%
Monthly Principal & Interest
$14,469
Monthly Property Taxes
$165
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4901206 Elementary School
4897900 Middle School
Chandler High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
3/5/2026$2,350,000 Listed Price

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950 W Erie Street, Chandler, AZ, 85225 is a Multi-Family Home for sale at $2,350,000. 950 W Erie Street is a studio with 0.0 baths and was built in 1983. The property's zip code is 85225 which is in Chandler, AZ

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