Active
122 W WASHINGTON Avenue
Gilbert AZ, 85233
$400,000
Active
Other
Built in 1937
Discover a unique opportunity to own a piece of historic charm in the heart of Downtown Gilbert! This delightful property offers not one, but two homes on the same lot, making it an ideal choice for savvy investors, first-time buyers, or those seeking a multi-generational living arrangement. Main House Features: 3 Bedrooms & 1.5 Bathrooms 1,124 square feet. Cozy yet spacious living areas with character-rich details. A single-car carport for convenient parking. Perfect for a small family or those looking to make this gem their own. Guest House Features: 750 square feet 2 Bedrooms & 1 Bathroom Separate entry and utilities for added privacy and independence. Ideal for rental income, extended family, or a private workspace. Prime Location: Just steps away from Downtown Gilbert's bustling dining, entertainment, and shopping scene.
Dual Utility Setup: Both homes are separately metered for electricity and water, offering flexibility and easy management. Shared trash service simplifies maintenance.
Investment Opportunity: With both homes tenant-occupied, you can start earning income immediately.
Important Notes:
The main house features variations in floor levels, adding a touch of character to the layout.
This is a rare chance to own a property in one of the most sought-after areas of Gilbert, with endless potential to customize or maintain as an income-generating asset.
Current tenants are month to month. Rented way below market $900-$1,100 Market rents are $1500-$1700 for the two bedroom and $1,900 to $2,200 3 bedroom
Zoned single family one meter shares utilities costs between houses one meter for water and sewer and trash
All facts and figures are approximate buyer verify MLS information
Drive by only do not disturb tenants
Don't miss your chance to own this incredible property in the heart of Downtown Gilbert.
Attention tenants are month to month $900-$1100 only one showing SATURDAY Viewing 12-130pm January 18th no schedule only chance to for property before contract acceptance
6804854
MLSⓇ ID
January 14, 2025
Listed
January 17, 2025
Updated
Map
122 W WASHINGTON Avenue
Gilbert AZ, 85233
Interior Features
Floor Description
Ceramic Tile
Fireplace
No
Cooling
Yes
Cooling Description
Electric
Heating
Yes
Heating Description
Electric, Natural Gas
Exterior/Building Features
Roof
Composition
Sewer
Public Sewer
School Information
School District
Gilbert Unified District
Other Property Details
Taxes
$1,144
Tax Frequency
Annually
Days on Market
4
Garage
No
Parking
Common
Parking Total
4
View
No
County
Maricopa
Water Source
City Franchise
Pool
No
Zoning
R-6
Open House Schedule
Sat, Jan 18th
12:00 PM - 1:30 PM MST
Courtesy of Grace CRE
Listing Contact: 480-375-0227
All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Laura Joyner shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
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Data Last Updated: 1:46 PM UTC, 1/17/2025.