729, 743 W Ray Rd 10, Chandler, AZ 85225
$690,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$690,000
Last Modified:
12/13/2024
Description
TO GET TO THE PARKING LOT GO TO SUNSET SOUTH TO SHANNON WEST TO ALLEY ENTER THE ALLEY IS THE THIRD BUILDING FROM THE CORNER. NO REAL ESTATE SIGN, JUST THE PROPERTY NAME (THUNDERBIRD APARTMENTS. ON THE FRONT ON RAY RD..TWO BLOCK BUILDINGS TO MAILING A DRESSES AND 2 PARCEL NUMBERS.
PACKAGE DEAL ONLY, THE 2 BUILDING NEED TO BE SOLD TO THE SAME INVESTOR.
More Information MLS# 5473522
Contract Info
Ownership: Fee Simple
Current Price: $690,000
Sold Price: $690,000
Status: Closed
List Date: 2016-07-21
Location, Tax & Legal
Unit #: 10
Assessor's Map #: 72
Assessor's Parcel #: 142
Assessor Parcel Ltr: A
Add'l Parcels: Yes
Tax Municipality: Chandler
Taxes: 3200
Legal: THUNDERBIRD APARTMENTS
Marketing Name: THUNDERBIRD APARTMENTS
Map Code/Grid: T38
House Number: 729, 743
Compass: W
Street Name: Ray Rd
St Suffix: --
City/Town Code: Chandler
State/Province: AZ
Zip Code: 85225
County Code: Maricopa
Subdivision: Thunderbird Park
Assessor Number: 302-72-142-A
Tax Year: 2015
General Property Description
# of Buildings: 2
Uncvrd Parking Spcs: 5
Lot Size Dimensions: 729 = 11,443 743 = 11,443
Total # of Units: 10
Elementary School District: Chandler Unified District
High School District: Chandler Unified District
Elementary School: Hartford Sylvia Encinas Elementary
High School: Chandler High School
Year Built: 1964
Zoning: MF-2
Project Type
5 - 12 Units: 1
Construction
Steel Frame: 1
Slump Block: 1
Const - Finish
Brick Veneer: 1
Roofing
Composition: 1
Metal: 1
Floors
Concrete: 1
Vinyl: 1
Ceramic Tile: 1
Carpet: 1
Sale Includes
Land & Building: 1
Laundry Equipment: 1
Income & Expenses
Annual Elec Exp: 1220
Annual Gas Exp: 3315
Annual Ins Exp: 3500
Annual Land Lse Exp: 0
Annual Landscape Exp: 2400
Annual Legal & Acctg: 1000
Annual Maint Exp: 2400
Annual Mgmt Exp: 0
Annual Trash Exp: 1390
Annual Wtr/Swr Exp: 2455
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Annual Other Expense: 500
Operating Exp: 21380
Other Income: 4500
Vacancy Allowance: 0.05
Adjusted Gross Inc: 76446.83
Total Monthly Rental Income: 6333
Pmt & Rate Info
Cap Rate: 2.58
Down Payment: 20
Equity: 295000
1st Encumbrance: 380000
Down Payment %: 20
Monthly Payments: 3690
1st Interest Rate: 7
1st Payment Freq: Monthly
2nd Encumbrance: 100000
2nd Interest Rate: 10
2nd Payment: 1500
2nd Payment Freq: Monthly
3rd Encumbrance: 0
3rd Payment: 0
Total Owed: 480000
Assessment Balance: 0
Payment Includes
Principal: 1
Interest: 1
Taxes: 1
Insurance: 1
Community Features
Play Area: 1
Barbecue: 1
Heating
Heat Pump: 1
Electric: 1
Natural Gas: 1
Central: 1
2 or More Units: 1
Cooling
Ceiling Fan(s): 1
Central Air: 1
Electric: 1
Individual: 1
Exterior Amenities
Landscape Water System: 1
Green Landscaping: 1
Desert Landscaping: 1
Partially Fenced: 1
Satellite Dish: 1
Cable TV Available: 1
Sidewalk(s): 1
Separate Storage: 1
Security Light(s): 1
Interior Features
Unfurnished: 1
Fire/Smoke Alarm(s): 1
Mini Blinds: 1
Tenant Pays
Electricity: 1
Cable TV: 1
Appliances Included
Disposal: 1
Refrigerator: 1
Built-In Range: 1
Road Access Type
Alley: 1
Dedicated Street: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Sewer-In & Connected: 1
Parking Features
Carport: 1
On Street: 1
<1 Space Per Unit: 1
Electric
APS: 1
Gas
SW Gas: 1
Owner Pays
Water: 1
Sewer: 1
Electric: 1
Gas: 1
Trash Collection: 1
Landscaping: 1
New Financing
Conventional: 1
1031 Exchange: 1
Special
Owner/Agent: 1
Existing 1st Loan
Conventional: 1
Existing 1st Loan Type
Fixed: 1
Existing 1st Loan Terms
Non Assumable: 1
Existing 2nd Loan
Private: 1
Existing 2nd Loan Type
Fixed: 1
Existing 2nd Loan Terms
Non Assumable: 1
Existing 3rd Loan
Other (See Remarks): 1
Existing 3rd Loan Type
Not Applicable: 1
Reports/Disclosures
Seller Prop Disc Stm: 1
Existing 3rd Loan Terms
Not Applicable: 1
Environmental
None: 1
Existing Othr Ln Trm
Not Applicable: 1
Contact Info
List Agent Home Phn: 480-892-6203
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
# 2 Bedroom Units: 10
Avg Rent: 633
Avg SqFt: 750
# Baths: 1
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Sold Info
Loan Type: Cash
Closing Cost Split: Normal - N
Payment Type: Other
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 0
Seller Concession $/%: $
Remarks Misc
Cross Street: ALMA SCHOOL AND ARIZONA AVE
Directions: FROM ALMA SCHOOL GO EAST ON RAY RD TO THE PROPERTY ON THE SOUTH SIDE.
Geo Lat: 33.320271
Geo Lon: -111.85353
Status Change Info
Off Market Date: 2016-08-23
Under Contract Date: 2016-08-23
Close of Escrow Date: 2016-09-16
Sold Price: $690,000
Legal Info
Lot Number: 11-12
Income Expenses
Gross Annual Sch Inc: 75970.35
Net Operating Income: 20000
Property Features
Project Type: 5 - 12 Units
Construction: Steel Frame; Slump Block
Const - Finish: Brick Veneer
Roofing: Composition; Metal
Floors: Concrete; Vinyl; Ceramic Tile; Carpet
Sale Includes: Land & Building; Laundry Equipment
Payment Includes: Principal; Interest; Taxes; Insurance
Community Features: Play Area; Barbecue
Exterior Amenities: Landscape Water System; Green Landscaping; Desert Landscaping; Partially Fenced; Satellite Dish; Cable TV Available; Sidewalk(s); Separate Storage; Security Light(s)
Interior Features: Unfurnished; Fire/Smoke Alarm(s); Mini Blinds
Appliances Included: Built-In Range; Refrigerator; Disposal
Heating: Natural Gas; Central; Heat Pump; 2 or More Units
Cooling: Ceiling Fan(s); Electric; Individual; Central Air
Water Source: City Franchise
Sewer: Sewer - Public; Sewer-In & Connected
Electric: APS
Gas: SW Gas
Parking Features: Carport; On Street; <1 Space Per Unit
Road Access Type: Alley; Dedicated Street
Road Surface Type: Asphalt
Owner Pays: Water; Electric; Gas; Trash Collection; Landscaping
Tenant Pays: Electricity; Cable TV
Source of Fincl Data: Owner
Special: Owner/Agent
Existing 1st Loan: Conventional
Existing 1st Loan Type: Fixed
Existing 1st Loan Terms: Non Assumable
Existing 2nd Loan: Private
Existing 2nd Loan Type: Fixed
Existing 2nd Loan Terms: Non Assumable
Existing 3rd Loan: Other (See Remarks)
Existing 3rd Loan Type: Not Applicable
Existing 3rd Loan Terms: Not Applicable
Existing Othr Ln Trm: Not Applicable
New Financing: Conventional; 1031 Exchange
Environmental: None
Listing Office:
JK Realty
Last Updated: December - 13 - 2024
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