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

Overview

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.

Listing Details MLS# 5473522

Location, Tax & Legal

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
Country
US
County Code
Maricopa
Subdivision
Thunderbird Park
Assessor Number
302-72-142-A
Tax Year
2015
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

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
729 = 11,443 743 = 11,443
Year Built
1964
Uncvrd Parking Spcs
5
Total # of Units
10
# of Buildings
2
Zoning
MF-2
Elementary School District
Chandler Unified District
High School District
Chandler Unified District
Elementary School
Hartford Sylvia Encinas Elementary
High School
Chandler High School

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.

Status Change Info

Off Market Date
2016-08-23
Under Contract Date
2016-08-23
Close of Escrow Date
2016-09-16

Legal Info

Lot Number
11-12

More Information

Income Expenses

Gross Annual Sch Inc
75970.35
Net Operating Income
20000

2 Bedroom Units

# 2 Bedroom Units
10
Avg Rent
633
Avg SqFt
750
# Baths
Yes

Contact Info

List Agent Home Phn
480-892-6203

Sold Info

Loan Type
Cash
Payment Type
Other
Closing Cost Split
Normal - N
Buyer Concession $/%
$
Seller Concession $/%
$
Buyer Concession to Seller
0
Seller Concession to Buyer
0

Project Type

5 - 12 Units
Yes

Construction

Steel Frame
Yes
Slump Block
Yes

Const - Finish

Brick Veneer
Yes

Roofing

Composition
Yes
Metal
Yes

Floors

Concrete
Yes
Vinyl
Yes
Ceramic Tile
Yes
Carpet
Yes

Sale Includes

Land & Building
Yes
Laundry Equipment
Yes

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
Yes
Interest
Yes
Taxes
Yes
Insurance
Yes

Community Features

Play Area
Yes
Barbecue
Yes

Heating

Heat Pump
Yes
Electric
Yes
Natural Gas
Yes
Central
Yes
2 or More Units
Yes

Cooling

Ceiling Fan(s)
Yes
Central Air
Yes
Electric
Yes
Individual
Yes

Exterior Amenities

Landscape Water System
Yes
Green Landscaping
Yes
Desert Landscaping
Yes
Partially Fenced
Yes
Satellite Dish
Yes
Cable TV Available
Yes
Sidewalk(s)
Yes
Separate Storage
Yes
Security Light(s)
Yes

Interior Features

Unfurnished
Yes
Fire/Smoke Alarm(s)
Yes
Mini Blinds
Yes

Tenant Pays

Electricity
Yes
Cable TV
Yes

Appliances Included

Disposal
Yes
Refrigerator
Yes
Built-In Range
Yes

Road Access Type

Alley
Yes
Dedicated Street
Yes

Road Surface Type

Asphalt
Yes

Source of Fincl Data

Owner
Yes

Water Source

City Franchise
Yes

Sewer

Sewer - Public
Yes
Sewer-In & Connected
Yes

Parking Features

Carport
Yes
On Street
Yes
<1 Space Per Unit
Yes

Electric

APS
Yes

Gas

SW Gas
Yes

Owner Pays

Water
Yes
Sewer
Yes
Electric
Yes
Gas
Yes
Trash Collection
Yes
Landscaping
Yes

New Financing

Conventional
Yes
1031 Exchange
Yes

Special

Owner/Agent
Yes

Existing 1st Loan

Conventional
Yes

Existing 1st Loan Type

Fixed
Yes

Existing 1st Loan Terms

Non Assumable
Yes

Existing 2nd Loan

Private
Yes

Existing 2nd Loan Type

Fixed
Yes

Existing 2nd Loan Terms

Non Assumable
Yes

Existing 3rd Loan

Other (See Remarks)
Yes

Existing 3rd Loan Type

Not Applicable
Yes

Reports/Disclosures

Seller Prop Disc Stm
Yes

Existing 3rd Loan Terms

Not Applicable
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: 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
IDX
Listing Office: JK Realty
Last Updated: December - 13 - 2024
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