648
W
RAY Road,
Chandler,
Arizona
AZ
85225-7268
Sold For: $8,670,000
Listing ID 6546181
Status Closed
Sold Date 6/30/2023
Year Built 2016
Property Description:
Primary Features
Property Type:
Multiple Dwellings
Year Built:
2016
Zoning:
MF-3
Interior
2 Bedroom Units # Baths:
1
2 Bedroom Units Avg SqFt:
975
Cooling:
Individual
Cooling:
yes
Heating:
Heat Pump, Electric
Heating:
yes
Location
Country:
US
Elementary School District:
Chandler Unified District
General Property Description Elementary School District2:
Chandler Unified District
General Property Description High School District:
Chandler Unified District
High School District:
Chandler Unified District
Postal City:
Chandler
Township:
1S
Water Source:
City Franchise, Individual Meter
External
Attached Garage:
no
Construction Materials:
Brick Veneer, Painted, Brick, Frame - Wood
Covered Spaces:
39
Electric:
SRP
General Property Description # of Buildings:
10
General Property Description Lot Size Dimensions:
Normal
General Property Description Total # of Units:
34
General Property Description Uncvrd Parking Spcs:
26
Lot Size Dimensions:
Normal
Number Of Buildings:
10
Number Of Units Total:
34
Open Parking Spaces:
26
Parking Assigned:
1
Parking Features:
Paved Parking, Free, Assigned, Add'l Parking Avail, >1 Space Per Unit
Parking Free:
1
Parking Total:
65
Road Surface Type:
Asphalt
Roof:
Composition
Sewer:
Public Sewer
Additional
Mls Status:
Closed
Public Survey Range:
5E
Public Survey Section:
21
Financial
2 Bedroom Units Avg Rent:
860
Cap Rate:
0.67
Disclosures:
Boundary Survey Avlb, ALTA Survey Availbl
Electric Expense:
10294
Gardener Expense:
5980
Gross Income:
256156.1
Gross Scheduled Income:
269638
Listing Terms:
Conventional, Owner May Carry
Maintenance Expense:
94000
Net Operating Income:
64113
Operating Expense:
139063
Owner Pays:
Trash Collection, Sewer, Landscaping
Tax Annual Amount:
14869
Tax Book Number:
302.00
Tax Year:
2022
Tenant Pays:
Electricity, Water
Trash Expense:
6176
Water Sewer Expense:
7744
{"page":"listing","idxID":"a012","listingID":"6546181","extra":"648-W-RAY-Road-Chandler-AZ-85225","printable":"","type":"detailsContact"}