449 W Ray Road, Chandler, AZ 85225
$999,000
Property Type:
Multiple Dwellings
Status:
Active
Current Price:
$999,000
Last Modified:
3/17/2026
Overview
Description
This is actually two triplexes. Communal laundry room that brings in about $3000 yearly additional income. Vacancy rates are very low in these well managed properties. Owner managed.
Listing Details MLS# 6999187
Location, Tax & Legal
- 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
- 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
Contract Info
- Ownership
- Fee Simple
General Property Description
- Year Built
- 1979
- Uncvrd Parking Spcs
- 6
- Total # of Units
- 6
- # of Buildings
- 2
- Zoning
- MF 2
- Flood Zone
- TBD
- 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
- Lot Size Dimensions
- No
Remarks Misc
- Cross Street
- Ray and Arizona Ave
- Directions
- W on Ray. Property on south side of Ray across from Sonic.
Legal Info
- Township
- 1S
- Range
- 5E
- Section
- 28
- Block
- 1000N
- Lot Number
- M & B
Income Expenses
- Gross Annual Sch Inc
- 60000
- Net Operating Income
- 43205
More Information
Showing Notification Methods
- Showing Service
- No Showing Service Used
1 Bedroom Units
- # 1 Bedroom Units
- 4
- Avg Rent
- 900
- Avg SqFt
- 800
- # Baths
- Yes
2 Bedroom Units
- # 2 Bedroom Units
- 2
- Avg Rent
- 1100
- Avg SqFt
- 900
- # Baths
- Yes
Project Type
- 5 - 12 Units
- Yes
Construction
- Block
- Yes
Const - Finish
- Painted
- Yes
Roofing
- Composition
- Yes
Floors
- Tile
- Yes
Sale Includes
- Land & Building
- Yes
- Laundry Equipment
- Yes
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
- 5450
Pmt & Rate Info
- Cap Rate
- 4.32
- Equity
- 999000
- Down Payment %
- 100
- Monthly Payments
- 0
- Total Owed
- 0
Lockbox Type
- None
- Yes
Community Features
- No Pool
- Yes
Heating
- Heat Pump
- Yes
Cooling
- Heat Pump
- Yes
Exterior Amenities
- Desert Landscaping
- Yes
- Cable TV Available
- Yes
Interior Features
- Unfurnished
- Yes
Tenant Pays
- Electricity
- Yes
- Cable TV
- Yes
Appliances Included
- Refrigerator
- Yes
- Free-Standing Range
- Yes
Road Access Type
- City Street
- Yes
Road Surface Type
- Asphalt
- Yes
Source of Fincl Data
- Owner
- Yes
Water Source
- City Franchise
- Yes
Sewer
- Sewer - Public
- Yes
Parking Features
- >1 Space Per Unit
- Yes
Electric
- APS
- Yes
Gas
- None
- Yes
Owner Pays
- Water
- Yes
- Trash Collection
- Yes
New Financing
- Cash
- Yes
- Conventional
- Yes
- No Carry
- Yes
- 1031 Exchange
- Yes
Existing 1st Loan
- Treat as Free&Clear
- Yes
Reports/Disclosures
- Seller Prop Disc Stm
- Yes
Environmental
- None
- Yes
Efficiency Units
- Avg Rent
- 0
3 Bedrooms Units
- Avg Rent
- 0
4 Bedrooms Units
- Avg Rent
- 0
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 - 17 - 2026
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