100 W RAY Road, Chandler, AZ 85225
$1,150,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$1,150,000
Last Modified:
3/05/2025
Overview
Description
Listing Details MLS# 5318878
Location, Tax & Legal
- Map Code/Grid
- T38
- House Number
- 100
- Compass
- W
- Street Name
- RAY
- St Suffix
- Road
- City/Town Code
- Chandler
- State/Province
- AZ
- Zip Code
- 85225
- Country
- US
- County Code
- Maricopa
- Assessor Number
- 302-73-022-c
- Tax Year
- 2014
- Assessor's Map #
- 73
- Assessor's Parcel #
- 22
- Assessor Parcel Ltr
- c
- Add'l Parcels
- No
- Tax Municipality
- Chandler
- Taxes
- 5905
- Legal
- OLSEN ADDITION MCR 81-23 LOTS 22, 23 & 24 & ALSO PT ABAND RAY RD P/D 8404/68 EX RD P/F 06-681389
- Marketing Name
- Sundance Apartments
Contract Info
- Ownership
- Fee Simple
General Property Description
- Lot Size Dimensions
- 215 X 105
- Year Built
- 1965
- Total # of Units
- 16
- # of Buildings
- 2
- Zoning
- MF5-24
- Elementary School District
- Chandler Unified District
- High School District
- Chandler Unified District
- Elementary School
- Knox Gifted Academy
- High School
- Chandler High School
- Uncvrd Parking Spcs
- 0
Remarks Misc
- Cross Street
- RAY & ARIZONA AV, WEST OF ARIZONA AVE.,
- Directions
- Head S on Country Club Dr toward Chandler, Coolidge Turn right onto W Ray Rd.
Status Change Info
- Off Market Date
- 2016-03-18
- Under Contract Date
- 2015-12-11
- Close of Escrow Date
- 2016-03-18
Legal Info
- Lot Number
- 22-24
More Information
Income Expenses
- Gross Annual Sch Inc
- 134400
- Net Operating Income
- 79630
2 Bedroom Units
- # 2 Bedroom Units
- 16
- Avg Rent
- 700
- Avg SqFt
- 800
- # Baths
- 2
Sold Info
- Loan Type
- Conventional
- Loan Years
- 30
- Payment Type
- Other
- Closing Cost Split
- Normal - N
- Buyer Concession $/%
- $
- Seller Concession $/%
- $
- Buyer Concession to Seller
- 0
- Seller Concession to Buyer
- 0
Project Type
- 13 - 24 Units
- Yes
Other Type
- Other (See Remarks)
- Yes
Construction
- Block
- Yes
Const - Finish
- Other (See Remarks)
- Yes
Roofing
- Other
- Yes
Floors
- Concrete
- Yes
- Ceramic Tile
- Yes
- Carpet
- Yes
Sale Includes
- Land & Building
- Yes
- Personal Property
- Yes
- Laundry Equipment
- Yes
Income & Expenses
- Annual Elec Exp
- 1000
- Annual Gas Exp
- 0
- Annual Ins Exp
- 3450
- Annual Land Lse Exp
- 0
- Annual Landscape Exp
- 1000
- Annual Legal & Acctg
- 0
- Annual Maint Exp
- 13000
- Annual Mgmt Exp
- 12000
- Annual Trash Exp
- 3000
- Annual Wtr/Swr Exp
- 4500
- Owner Association
- No
- Annual Ownr Asoc Fee
- 0
- Annual PAD Fee
- 0
- Annual Rplcmnt Rsrvs
- 0
- Annual Other Expense
- 5905
- Operating Exp
- 49760
- Other Income
- 1800
- Vacancy Allowance
- 0.05
- Adjusted Gross Inc
- 129390
- Total Monthly Rental Income
- 11200
Pmt & Rate Info
- Cap Rate
- 6.64
- Down Payment
- 0
- Equity
- 1199000
- 1st Encumbrance
- 0
- Down Payment %
- 0
- Monthly Payments
- 0
- 1st Interest Rate
- 0
- 1st Payment
- 0
- 1st Payment Freq
- Monthly
- Total Owed
- 0
- Assessment Balance
- 0
Community Features
- No Pool
- Yes
Heating
- Electric
- Yes
- Individual
- Yes
Cooling
- Electric
- Yes
- Individual
- Yes
Exterior Amenities
- Desert Landscaping
- Yes
Interior Features
- Unfurnished
- Yes
- Fire/Smoke Alarm(s)
- Yes
- Mini Blinds
- Yes
Tenant Pays
- Electricity
- Yes
Appliances Included
- Refrigerator
- Yes
- Free-Standing Range
- Yes
Road Surface Type
- Asphalt
- Yes
Source of Fincl Data
- Projected Proforma
- Yes
Water Source
- City Franchise
- Yes
Sewer
- Sewer - Public
- Yes
Parking Features
- Carport
- Yes
- >1 Space Per Unit
- Yes
Electric
- SRP
- Yes
- Individual Meter
- Yes
Gas
- None
- Yes
Owner Pays
- Water
- Yes
- Sewer
- Yes
- Trash Collection
- Yes
New Financing
- Conventional
- Yes
- Owner May Carry
- Yes
- 1031 Exchange
- Yes
Existing 1st Loan
- Treat as Free&Clear
- Yes
Existing 1st Loan Type
- Not Applicable
- Yes
Existing 1st Loan Terms
- Non Assumable
- Yes
Existing 2nd Loan
- Treat as Free&Clear
- Yes
Existing 2nd Loan Type
- Not Applicable
- Yes
Existing 2nd Loan Terms
- Non Assumable
- Yes
Existing 3rd Loan
- Treat as Free&Clear
- Yes
Existing 3rd Loan Type
- Not Applicable
- Yes
Reports/Disclosures
- Seller Prop Disc Stm
- Yes
Existing 3rd Loan Terms
- Non Assumable
- Yes
Environmental
- None
- Yes
Existing Othr Ln Trm
- Not Applicable
- Yes
Efficiency Units
- Avg Rent
- 0
1 Bedroom Units
- Avg Rent
- 0
3 Bedrooms Units
- Avg Rent
- 0
4 Bedrooms Units
- Avg Rent
- 0
Property Features
Project Type:
13 - 24 Units
Other Type:
Other (See Remarks)
Construction:
Block
Const - Finish:
Other (See Remarks)
Roofing:
Other
Floors:
Concrete; Ceramic Tile; Carpet
Sale Includes:
Land & Building; Personal Property; Laundry Equipment
Community Features:
No Pool
Exterior Amenities:
Desert Landscaping
Interior Features:
Unfurnished; Fire/Smoke Alarm(s); Mini Blinds
Appliances Included:
Free-Standing Range; Refrigerator
Heating:
Individual
Cooling:
Electric; Individual
Water Source:
City Franchise
Sewer:
Sewer - Public
Electric:
SRP; Individual Meter
Gas:
None
Parking Features:
Carport; >1 Space Per Unit
Road Surface Type:
Asphalt
Owner Pays:
Water; Trash Collection
Tenant Pays:
Electricity
Source of Fincl Data:
Projected Proforma
Existing 1st Loan:
Treat as Free&Clear
Existing 1st Loan Type:
Not Applicable
Existing 1st Loan Terms:
Non Assumable
Existing 2nd Loan:
Treat as Free&Clear
Existing 2nd Loan Type:
Not Applicable
Existing 2nd Loan Terms:
Non Assumable
Existing 3rd Loan:
Treat as Free&Clear
Existing 3rd Loan Type:
Not Applicable
Existing 3rd Loan Terms:
Non Assumable
Existing Othr Ln Trm:
Not Applicable
New Financing:
Conventional; Owner May Carry; 1031 Exchange
Environmental:
None
Documents
Rent roll ›
Listing Office:
Better Homes & Gardens Real Estate SJ Fowler
Last Updated: March - 05 - 2025
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