100 W RAY Road, Chandler, AZ 85225

$1,150,000
Property Type: Multiple Dwellings Bedrooms: 32 Baths: 32 Status: Closed
Current Price: $1,150,000 Last Modified: 3/05/2025

Overview

Description

WOW!!!!Seller is motivated bring your offers now!!! All two bedroom units in Chandler prime Location!!! 100% fully rented and all rents are getting increased rents at lease end to $700.00. Rents range for $625-$700. Laundry is leased and brings in about $150 a month net. Block construction and all have central a/c. Units all have tile this is a super low upkeep. Just had the roofs replaced. All facts and figures are approximate buyer verify MLS info.

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

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

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

2 Bedroom Units

# 2 Bedroom Units
16
Avg Rent
700
Avg SqFt
800
# Baths
2

Structure

Bedrooms Total
32
Bathrooms Total
32

Income Expenses

Gross Annual Sch Inc
134400
Net Operating Income
79630

Sold Info

Loan Type
Conventional
Loan Years
30
Payment Type
Other
Closing Cost Split
Normal - N
Buyer Concession $/%
$
Seller Concession $/%
$

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

IDX
Listing Office: Better Homes & Gardens Real Estate SJ Fowler
Office Phone: 480-649-3536
Last Updated: March - 05 - 2025
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