250 E Ray Rd | Chandler, AZ 85225
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- LoopNet Team
250 E Ray Rd
Chandler, AZ 85225
ARIUM Chandler · Multifamily Property For Sale
·
192 Units
INVESTMENT HIGHLIGHTS
- $700+ Mark-to-Market upside to be captured immediately
- Expansive, open-concept floor plans averaging 1,013 square feet with some direct-access garages and 50% garage-to-unit ratio
- Centralized Chandler location: 1 mile to Downtown Chandler, 2 miles to Loop 202, 3 miles to Loop 101, 3 ½ miles to Chandler Fashion Mall
- Legacy asset, featuring exceptional quality construction with non-merchant type finishes
- Highly sought-after Chandler market with extraordinary fundamentals; 1-year rental growth of 27.81% and 3-year rental growth of 44.76%
- Average single-family home in Chandler is $567,123 with burgeoning cost to own compared to renting
PROPERTY FACTS
| No. Units | 192 | Lot Size | 6.97 AC |
| Property Type | Multifamily | Building Size | 194,483 SF |
| Property Subtype | Apartment | Average Occupancy | 91% |
| Apartment Style | Garden | No. Stories | 3 |
| Building Class | A | Year Built | 2017 |
| Zoning | MU - Mixed Use | ||
| No. Units | 192 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | A |
| Lot Size | 6.97 AC |
| Building Size | 194,483 SF |
| Average Occupancy | 91% |
| No. Stories | 3 |
| Year Built | 2017 |
| Zoning | MU - Mixed Use |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Washer/Dryer
- Ceiling Fans
- Granite Countertops
- Hardwood Floors
- Stainless Steel Appliances
- Walk-In Closets
- Carpet
SITE AMENITIES
- 24 Hour Access
- Clubhouse
- Courtyard
- Fitness Center
- Pool
- Property Manager on Site
- Energy Star Labeled
- Gameroom
- Grill
- Pet Play Area
- Trash Pickup - Door to Door
- Community-Wide WiFi
- Key Fob Entry
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 80 | - | 786 - 871 |
| 2+2 | 92 | - | 1,081 - 1,156 |
| 3+2 | 20 | - | 1,360 |
PROPERTY TAXES
| Parcel Number | 302-40-174 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $2,782,952 |
PROPERTY TAXES
Parcel Number
302-40-174
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$2,782,952
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