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

Current Price: $8,670,000 Sold Price: $8,670,000 Status: Closed List Date: 2023-03-20 Ownership: Fee Simple

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: USA County Code: Maricopa Assessor Number: 302-43-005-B Tax Year: 2022

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

Geo Lat: 33.321053 Geo Lon: -111.85188

Status Change Date: 2023-07-05 Off Market Date: 2023-07-05 Under Contract Date: 2023-03-20 Close of Escrow Date: 2023-06-30 Sold Price: $8,670,000

Township: 1S Range: 5E Section: 21 Lot Number: -

Gross Annual Sch Inc: 269638 Net Operating Income: 64113

# 2 Bedroom Units: 34 Avg Rent: 860 Avg SqFt: 975 # Baths: 1

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

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