648 W RAY Road, Chandler, AZ 85225 (MLS# 6546181)

648 W RAY Road, Chandler, AZ 85225

$8,670,000
Property Type: Multiple Dwellings Status: Closed
Current Price: $8,670,000 Last Modified: 7/05/2023

Overview

Listing Details MLS# 6546181

Location, Tax & Legal

Map Code/Grid
T38
House Number
648
Compass
W
Street Name
RAY
St Suffix
Road
City/Town Code
Chandler
State/Province
AZ
Zip Code
85225
Zip4
7268
Country
US
County Code
Maricopa
Assessor Number
302-43-005-B
Tax Year
2022

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
Normal
Year Built
2016
Uncvrd Parking Spcs
26
Total # of Units
34
# of Buildings
10
Zoning
MF-3
Elementary School District
Chandler Unified District
High School District
Chandler Unified District

Status Change Info

Off Market Date
2023-07-05
Under Contract Date
2023-03-20
Close of Escrow Date
2023-06-30

Legal Info

Township
1S
Range
5E
Section
21
Lot Number
-

More Information

2 Bedroom Units

# 2 Bedroom Units
34
Avg Rent
860
Avg SqFt
975
# Baths
Yes

Income Expenses

Gross Annual Sch Inc
269638
Net Operating Income
64113

Sold Info

Loan Type
Carryback
Loan Years
10
Payment Type
Interest Only
Closing Cost Split
Normal - N
Buyer Concession $/%
$
Seller Concession $/%
$

Property Features

Project Type: 25 - 50 Units Construction: Wood Frame; Brick Const - Finish: Painted; Brick Veneer Roofing: Composition Floors: Vinyl; Ceramic Tile Sale Includes: Land & Building Community Features: No Pool; Manager Res/Office Exterior Amenities: Patio/Balcony Interior Features: Unfurnished; Fire/Smoke Alarm(s) Appliances Included: Free-Standing Range; Washer/Dryer; W/D Hookup Heating: Heat Pump Cooling: Individual Water Source: City Franchise; Individual Meter Sewer: Sewer - Public Electric: SRP Gas: None Parking Features: >1 Space Per Unit; Add'l Parking Avail; Assigned; Free; Paved Road Surface Type: Asphalt Owner Pays: Trash Collection; Landscaping Tenant Pays: Water; Electricity Source of Fincl Data: Owner Showing Notification Methods: Text; Email; Phone Call Lockbox Type: None Existing 1st Loan: Treat as Free&Clear New Financing: Conventional; Owner May Carry Environmental: None
IDX
Listing Office: Orion Investment Real Estate
Last Updated: July - 05 - 2023
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