950 W Erie Street, Chandler, AZ 85225
- $2,199,900
- 16
- BD
- 16
- BA
- List Price
- $2,199,900
- Status
- ACTIVE
- Days on Market
- 1
- MLS#
- 7071967
- City
- Chandler
- Bedrooms
- 16
- Bathrooms
- 16
- Year Built
- 1983
Property Description
This terrific investment opportunity features two meticulously maintained fourplexes on individual residential lots, opening up potential for residential financing. Each unit offers a spacious 1,039SF, 2BD/1.5BA layout across two levels. Three units are fully renovated with new flooring, cabinets, quartz countertops, updated lighting, ceiling fans, and modern appliances. Additional income potential includes five storage units & in-unit laundry, alongside two covered parking spaces per unit and three covered guest spaces. Pride of ownership shines with only two owners since the mid-1980s: the original owner built and managed ''The Bravo'' for over 40 years, and the current owner has continued to elevate this high-value asset. Reach out today for more information!
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Additional Information
- Taxes
- $3,939
- Net Operating Income
- $114,933
- Cap Rate
- 5.22
- Units
- 8
- Parking Features
- Carport, >1 Space Per Unit
- Construction
- Block, Wood Frame, Painted, Stucco
- Roofing
- Tile
- Cooling
- Central Air
- Heating
- Electric
- Zoning
- PAD
- Community Features
- No Pool
- Electric
- APS
- Water
- City Franchise
- Sewer
- Sewer-In & Connected
- Tenant Pays
- Electricity
- New Financing
- Conventional, Cash
- Elementary School
- Hartford Sylvia Encinas Elementary
- Middle School
- John M Andersen Jr High School
- High School
- Chandler High School
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Listing courtesy of eXp 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.