NOT LISTED FOR SALE

100 W Ray Rd Chandler, AZ 85225

North Chandler Neighborhood
32 Beds
-- Bath
1,600 Sq Ft
1965 Built

Last Sold March 18, 2016

Last sale price $1,150,000 $719 Per Sq Ft

123 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Individual Controls for Heating
  • Chandler High School Rated A-

About This Home

As of March 2016

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.

Last Agent to Sell the Property

Sophia Baron

Grace CRE License #BR648866000 Listed on: 08/10/2015

Co-Listed By

Baylee Estrada

Keller Williams Arizona Realty License #BR654361000

Last Buyer's Agent

Jon Beydler

Citypoint Arizona LLC License #BR543141000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,905

Year Built

  • Built in 1965

Home Design

  • Block Exterior

Flooring

  • Carpet
  • Concrete
  • Ceramic Tile

Parking

  • 32 Parking Spaces
  • 32 Covered Spaces
  • Common or Shared Parking

Schools

  • Knox Gifted Academy Elementary School
  • Chandler High School

Utilities

  • Cooling Available
  • Individual Controls for Heating

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for trash collection, water, sewer
  • Tax Lot 22-24
  • Assessor Parcel Number 302-73-022-c

Community Details

Overview

  • 2 Buildings
  • 16 Units
  • Building Dimensions are 215 X 105

Building Details

  • Operating Expense $49,760
  • Gross Income $129,390
  • Net Operating Income $79,630

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,905

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Cross Street: RAY & ARIZONA AV, WEST OF ARIZONA AVE.,
  • Property Type: Multiple Dwellings
  • Zoning: MF5-24
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1965
  • Tax Year: 2014
  • Directions: Head S on Country Club Dr toward Chandler, Coolidge Turn right onto W Ray Rd.
  • Road Surface Type: Asphalt
  • Professional Management Expense: 12000.0
  • Co List Office Mls Id: sjfl01
  • Co List Office Phone: 480-649-3536
  • Tax Parcel Letter: c
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile, Concrete
  • Appliances: F/S Oven/Range
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Block
  • Roof: See Remarks
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 32.0
  • Parking Features: >1 Space Per Unit, Common
  • Attached Garage: No
  • Total Parking Spaces: 32.0
  • General Property Description:Covered Parking Spcs: 32.0
  • General Property Description:Total Parking Spcs: 32.0
  • Parking:Carport: Yes
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

  • Electric: SRP, Individual Meter
  • Cooling: Electric, Individual
  • Heating: Individual, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Individual: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Trash Expense: 3000.0
  • Annual Water Sewer Expense: 4500.0

Schools

  • Elementary School: Knox Gifted Academy
  • High School: Chandler High School
  • Junior High Dist: Chandler Unified District

Lot Info

  • Lot Size: 215 X 105
  • Additional Parcels: No
  • Parcel #: 302-73-022-c

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Electricity
  • Number Of Units Total: 16
  • Electric Expense: 1000.0
  • Annual Gross Income: 129390.0
  • Insurance Expense: 3450.0
  • Maintenance Expense: 13000.0
  • Property Net Operating Income: 79630.0
  • Annual Operating Expense: 49760.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 5905.0
  • Tax Book Number: 302.00
  • Tax Lot: 22-24

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/18/2016 03/18/16 Sold $1,150,000 -7.6% $719 / Sq Ft
12/11/2015 12/11/15 Pending -- -- --
08/10/2015 08/10/15 For Sale $1,245,000 -- $778 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Sophia Baron

    Seller's Agent in 2016

    Sophia Baron

    Grace CRE

    (480) 375-0227

    85 Total Sales

    Sophia Baron
    Section Image

  • B

    Seller Co-Listing Agent in 2016

    Baylee Estrada

    Keller Williams Arizona Realty

    (480) 688-8444

    Baylee Estrada
    Section Image
  • Jon Beydler

    Buyer's Agent in 2016

    Jon Beydler

    Citypoint Arizona LLC

    (480) 600-6001

    92 Total Sales

    Jon Beydler
    Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5318878

Arizona Regional Multiple Listing Service (ARMLS)
Arizona Maricopa County Chandler 85225 North Chandler

100 W Ray Rd, Chandler, AZ

This home is located at 100 W Ray Rd, Chandler, AZ 85225 since 10 August 2015. This property was built in 1965. 100 W Ray Rd is a home located in Maricopa County with nearby schools including Sanborn Elementary School, Chandler High School, and Andersen Junior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Arizona Regional Multiple Listing Service (ARMLS) All information should be verified by the recipient and none is guaranteed as accurate by ARMLS

Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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