449 W Ray Road, Chandler, AZ 85225
$999,000
Property Type: Multiple Dwellings Status: Active
Current Price: $999,000 Last Modified: 3/17/2026
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.
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: 5450
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 Directions: W on Ray. Property on south side of Ray across from Sonic. 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 - 17 - 2026
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