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
- County Code
- Maricopa
- Assessor Number
- 302-43-005-B
- Tax Year
- 2022
- Assessor's Map #
- 43
- Legal Description (Abbrev)
- SE4 SW4 EX S 50F RD & EX ANY PT LY W/IN COLLEGE P ARK VI & EX E 240F TH/OF
- Assessor's Parcel #
- 5
- Assessor Parcel Ltr
- B
- Add'l Parcels
- No
- Tax Municipality
- Chandler
- Census Tract
- 523003
- Taxes
- 14869
- Legal
- SE4 SW4 EX S 50F RD & EX ANY PT LY W/IN COLLEGE P ARK VI & EX E 240F TH/OF
- Marketing Name
- Jamestown Apartments
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
Income Expenses
- Gross Annual Sch Inc
- 269638
- Net Operating Income
- 64113
2 Bedroom Units
- # 2 Bedroom Units
- 34
- Avg Rent
- 860
- Avg SqFt
- 975
- # Baths
- Yes
Sold Info
- Loan Type
- Carryback
- Loan Years
- 10
- Payment Type
- Interest Only
- Closing Cost Split
- Normal - N
- Buyer Concession $/%
- $
- Seller Concession $/%
- $
- Buyer Concession to Seller
- 0
- Seller Concession to Buyer
- 0
Project Type
- 25 - 50 Units
- Yes
Construction
- Wood Frame
- Yes
- Brick
- Yes
Const - Finish
- Painted
- Yes
- Brick Veneer
- Yes
Roofing
- Composition
- Yes
Floors
- Vinyl
- Yes
- Ceramic Tile
- Yes
Sale Includes
- Land & Building
- Yes
Income & Expenses
- Annual Elec Exp
- 10294
- Annual Landscape Exp
- 5980
- Annual Maint Exp
- 94000
- Annual Trash Exp
- 6176
- Annual Wtr/Swr Exp
- 7744
- Owner Association
- No
- Annual Ownr Asoc Fee
- 0
- Operating Exp
- 139063
- Other Income
- 0
- Vacancy Allowance
- 0.05
- Adjusted Gross Inc
- 256156.1
Pmt & Rate Info
- Cap Rate
- 0.67
- Equity
- 9500000
- Down Payment %
- 0
- Monthly Payments
- 0
- Total Owed
- 0
Showing Notification Methods
- Text
- Yes
- Yes
- Phone Call
- Yes
Lockbox Type
- None
- Yes
Community Features
- No Pool
- Yes
- Manager Res/Office
- Yes
Heating
- Heat Pump
- Yes
- Electric
- Yes
Cooling
- Individual
- Yes
Exterior Amenities
- Patio/Balcony
- Yes
Interior Features
- Unfurnished
- Yes
- Fire/Smoke Alarm(s)
- Yes
Tenant Pays
- Water
- Yes
- Electricity
- Yes
Appliances Included
- Free-Standing Range
- Yes
- Washer/Dryer
- Yes
- W/D Hookup
- Yes
Road Surface Type
- Asphalt
- Yes
Source of Fincl Data
- Owner
- Yes
Water Source
- City Franchise
- Yes
- Individual Meter
- Yes
Sewer
- Sewer - Public
- Yes
Parking Features
- Free
- Yes
- >1 Space Per Unit
- Yes
- Paved
- Yes
- Add'l Parking Avail
- Yes
- Assigned
- Yes
Electric
- SRP
- Yes
Gas
- None
- Yes
Owner Pays
- Sewer
- Yes
- Trash Collection
- Yes
- Landscaping
- Yes
New Financing
- Conventional
- Yes
- Owner May Carry
- Yes
Existing 1st Loan
- Treat as Free&Clear
- Yes
Reports/Disclosures
- Boundary Survey Avlb
- Yes
- ALTA Survey Availbl
- Yes
Environmental
- None
- Yes
Efficiency Units
- Avg Rent
- 0
1 Bedroom Units
- Avg Rent
- 0
3 Bedrooms Units
- Avg Rent
- 0
4 Bedrooms Units
- Avg Rent
- 0
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
Listing Office: Orion Investment Real Estate
Last Updated: July - 05 - 2023
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