449 W Ray Road, Chandler, AZ 85225
$999,000
Property Type:
Multiple Dwellings
Status:
Active
Current Price:
$999,000
Last Modified:
3/16/2026
More Information MLS# 6999187
Contract Info
Ownership: Fee Simple
Current Price: $999,000
List Price: $999,000
Status: Active
List Date: 2026-03-16
Location, Tax & Legal
Assessor's Map #: 75
Assessor's Parcel #: 95
Assessor Parcel Ltr: G
Add'l Parcels: No
Tax Municipality: Chandler
Taxes: 1705
Legal: E77F of E 154F of W 952.4F of NW4 NE4 EX any PT LS of NLN of Thunderbird Park Plat Seven & EX N 50F RD & EX S 20F RD
Marketing Name: NONE
House Number: 449
Compass: W
Street Name: Ray
St Suffix: Road
City/Town Code: Chandler
State/Province: AZ
Zip Code: 85225
County Code: Maricopa
Assessor Number: 302-75-095-G
Tax Year: 2024
General Property Description
# of Buildings: 2
Uncvrd Parking Spcs: 6
Lot Size Dimensions: 0
Flood Zone: TBD
Total # of Units: 6
Elementary School District: Chandler Unified District #80
High School District: Chandler Unified District #80
Elementary School: Hartford Sylvia Encinas Elementary
Jr. High School: John M Andersen Jr High School
High School: Chandler High School
Year Built: 1979
Zoning: MF 2
Legal Info
Range: 5E
Section: 28
Township: 1S
Block: 1000N
Lot Number: M & B
Project Type
5 - 12 Units: 1
Construction
Block: 1
Const - Finish
Painted: 1
Roofing
Composition: 1
Floors
Tile: 1
Sale Includes
Land & Building: 1
Laundry Equipment: 1
Income & Expenses
Annual Elec Exp: 1400
Annual Ins Exp: 2500
Annual Maint Exp: 6600
Annual Trash Exp: 1900
Annual Wtr/Swr Exp: 1800
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 15905
Other Income: 3000
Vacancy Allowance: 0.01
Adjusted Gross Inc: 62370
Total Monthly Rental Income: 4600
Pmt & Rate Info
Cap Rate: 4.32
Equity: 999000
Down Payment %: 100
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Showing Service: No Showing Service Used
Lockbox Type
None: 1
Community Features
No Pool: 1
Heating
Heat Pump: 1
Cooling
Heat Pump: 1
Exterior Amenities
Desert Landscaping: 1
Cable TV Available: 1
Interior Features
Unfurnished: 1
Tenant Pays
Electricity: 1
Cable TV: 1
Appliances Included
Refrigerator: 1
Free-Standing Range: 1
Road Access Type
City Street: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
>1 Space Per Unit: 1
Electric
APS: 1
Gas
None: 1
Owner Pays
Water: 1
Trash Collection: 1
New Financing
Cash: 1
Conventional: 1
No Carry: 1
1031 Exchange: 1
Existing 1st Loan
Treat as Free&Clear: 1
Reports/Disclosures
Seller Prop Disc Stm: 1
Environmental
None: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
# 1 Bedroom Units: 4
Avg Rent: 900
Avg SqFt: 800
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 2
Avg Rent: 1100
Avg SqFt: 900
# Baths: 1
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Cross Street: Ray and Arizona Ave
Geo Lat: 33.320279
Geo Lon: -111.847368
Income Expenses
Gross Annual Sch Inc: 60000
Net Operating Income: 43205
Property Features
Project Type: 5 - 12 Units
Construction: Block
Const - Finish: Painted
Roofing: Composition
Floors: Tile
Sale Includes: Land & Building; Laundry Equipment
Community Features: No Pool
Exterior Amenities: Desert Landscaping; Cable TV Available
Interior Features: Unfurnished
Appliances Included: Free-Standing Range; Refrigerator
Heating: Heat Pump
Cooling: Heat Pump
Water Source: City Franchise
Sewer: Sewer - Public
Electric: APS
Gas: None
Parking Features: >1 Space Per Unit
Road Access Type: City Street
Road Surface Type: Asphalt
Owner Pays: Water; Trash Collection
Tenant Pays: Electricity; Cable TV
Source of Fincl Data: Owner
Lockbox Type: None
Existing 1st Loan: Treat as Free&Clear
New Financing: Cash; Conventional; No Carry; 1031 Exchange
Environmental: None
Listing Office:
Coldwell Banker Realty
Last Updated: March - 16 - 2026
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