$500,000
Phoenix, AZ 85021
MLS# 5818963
Status: Closed
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Property Description
Seller may carry! This turn-key investment property is conveniently located just south of Northern Avenue on the Black Canyon Highway (aka I-17) exit ramp. It offers exceptional freeway access and a majority of Metropolitan Phoenix is reachable within a 30-minute drive. Great investment opportunity with solid long term tenants. Original owner, well maintained, with a strong pride of ownership. Drive by only. Shown by appointment only.
Details
Maps
Contract Info
Current Price: $500,000
Sold Price: $500,000
Status: Closed
List Date: 2018-09-12
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: N33
House Number: 7777
Compass: N
Street Name: Black Canyon
St Suffix: Highway
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85021
Country: USA
County Code: Maricopa
Legal Description (Abbrev): LOT 28 VISTA INCOME ESTATES 3 MCR 001944
Subdivision: VISTA INCOME ESTATES 3
Assessor's Map #: 28
Assessor's Parcel #: 24
Add'l Parcels: No
Assessor Number: 157-28-024
Census Tract: 106002
Legal: LOT 28 VISTA INCOME ESTATES 3 MCR 001944
Tax Municipality: Maricopa - COUNTY
Taxes: 8050
Tax Year: 2017
General Property Description
Ttl Apx SqFt Bldg: 4476
# of Buildings: 2
Year Built: 1983
Uncvrd Parking Spcs: 15
Zoning: Commercial
Remarks & Misc
Cross Street: Northern & I-17
Directions: One block south of Northern on east side of I-17
Geo Lat: 33.551164
Geo Lon: -112.111743
Status Change Info
Status Change Date: 2019-09-19
Off Market Date: 2019-09-19
Under Contract Date: 2019-08-27
Close of Escrow Date: 2019-09-19
Sold Price: $500,000
Legal Info
Township: 2N
Range: 2E
Section: 1
Lot Number: 28
Income & Expenses
Annual Elec Exp: 8936
Annual Landscape Exp: 3753
Annual Maint Exp: 4652
Annual Trash Exp: 2838
Annual Wtr/Swr Exp: 1501
Owner Association: No
Annual Other Expense: 3550
Operating Exp: 33280
Gross Annual Sch Inc: 75333
Adjusted Gross Inc: 75333
Net Operating Income: 41412
Pmt & Rate Info
Cap Rate: 6.9
Equity: 600000
Sold Info
Loan Type: Cash
Payment Type: Fixed
Clsing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Property Features
Building Type: Commercial; Office
Current Use: Office
Stories: 1 Story
Construction: Block; Stucco
Roofing: Tile; Concrete
Floors: Concrete; Carpet
Ceiling Height: 8 Feet or Less; 8.1 Feet to 10 Feet
Heating: Natural Gas; Heat Pump
Cooling: Office A/C
Loading Facilities: None
Interior: Finished; Smoke Detector(s); Security System; Security Light(s); Security Camera(s); Alarm System; Phone System; Private Restrooms; Public Restrooms
Exterior: Corner Lot; Dual Street Ftg; Sprinkler Sys-Ground; Landscaping; Building Sign; Monument Sign; Security Light(s); Security Camera(s)
Fencing: Block
Amenities: Conference Room; Reception Room; Showroom; Computer Room; Security Gate
Parking: Free; Private Parking; Paved Parking
Electric: SRP; Individual Meter; 220
Gas: None
Water: City Franchise
Sewer: Sewer - Public
Freeway/Highway: Frontage
Source of Fincl Data: Provided by Owner
Existing 1st Loan: Treat as Free&Clear
Existing 1st Ln Type: Not Applicable
Existing 1st Ln Trms: Not Applicable
Existing 2nd Loan: Treat as Free&Clear
Existing 2nd Ln Type: Not Applicable
Existing 2nd Ln Trms: Not Applicable
Existing 3rd Loan: Treat as Free&Clear
Existing 3rd Ln Type: Not Applicable
Existing 3rd Ln Trms: Not Applicable
Existing Othr Ln Trm: Not Applicable
Reports/Disclosures: None
Environmental: None
Listing Office: Century 21 Toma Partners
Last Updated: September - 19 - 2019
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