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648 W RAY Road, Chandler, AZ 85225 (MLS# 6546181)
$9,500,000
648 W RAY RoadChandler, AZ 85225
MLS# 6546181
Status: Closed
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Details
Maps
Contract Info
Current Price: $8,670,000
List Price: $9,500,000
Status: Closed
List Date: 2023-03-20
Ownership: Fee Simple
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
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
Remarks Misc
Geo Lat: 33.321053
Geo Lon: -111.85188
Status Change Info
Off Market Date: 2023-07-05
Under Contract Date: 2023-03-20
Close of Escrow Date: 2023-06-30
Sold Price: 8670000
Legal Info
Township: 1S
Range: 5E
Section: 21
Lot Number: -
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: 1
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
Listing Office: Orion Investment Real Estate
Last Updated: July - 05 - 2023
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Wednesday 17th of December 2025 01:27 PM
