For more information on this property, contact Mario Romero at 602-252-4191 or sold500@ix.netcom.com

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:

For additional information about this property located in Chandler, Arizona, please fill out the Request More Information form.

Primary Features

County: Maricopa
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

Community Features: Manager Res/Office, No Pool
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

Zoning Info


Contact - Listing ID 6546181

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Mario Romero

1102 W. Portland St
Phoenix, AZ 85007
Phone: 602-252-4191
Phone Alt: 602-920-0306
Fax: 602-254-9810

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