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 | 96% |
| 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 | 96% |
| 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 |
Sustainability
Sustainability
ENERGY STAR® Energy Star is a program run by the U.S. Environmental Protection Agency (EPA) and U.S. Department of Energy (DOE) that promotes energy efficiency and provides simple, credible, and unbiased information that consumers and businesses rely on to make well-informed decisions. Thousands of industrial, commercial, utility, state, and local organizations partner with the EPA to deliver cost-saving energy efficiency solutions that protect the climate while improving air quality and protecting public health. The Energy Star score compares a building’s energy performance to similar buildings nationwide and accounts for differences in operating conditions, regional weather data, and other important considerations. Certification is given on an annual basis, so a building must maintain its high performance to be certified year to year. To be eligible for Energy Star certification, a building must earn a score of 75 or higher on EPA’s 1 – 100 scale, indicating that it performs better than at least 75 percent of similar buildings nationwide. This 1 – 100 Energy Star score is based on the actual, measured energy use of a building and is calculated within EPA’s Energy Star Portfolio Manager tool.
Property Taxes
| Parcel Number | 302-40-174 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $2,782,952 |
Property Taxes
