$275,000
11115 W NEVADA Avenue
Youngtown, AZ 85363
MLS# 5843648
Status: Closed



11115 W NEVADA Avenue, Youngtown, AZ 85363
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11115 W NEVADA Avenue, Youngtown, AZ 85363 11115 W NEVADA Avenue, Youngtown, AZ 85363 11115 W NEVADA Avenue, Youngtown, AZ 85363 11115 W NEVADA Avenue, Youngtown, AZ 85363 11115 W NEVADA Avenue, Youngtown, AZ 85363 11115 W NEVADA Avenue, Youngtown, AZ 85363 11115 W NEVADA Avenue, Youngtown, AZ 85363 11115 W NEVADA Avenue, Youngtown, AZ 85363 11115 W NEVADA Avenue, Youngtown, AZ 85363 11115 W NEVADA Avenue, Youngtown, AZ 85363 11115 W NEVADA Avenue, Youngtown, AZ 85363

Property Description
Great opportunity for an investment. This one could be owner occupant or a buy and hold income property. The building is currently fully leased but at rents much lower than market rate. Building is a solid block building with 4 tenable spaces. Each space has a private bathroom. Two of the spaces have a modified breakroom/kitchen area. Tremendous amount of parking. Many other small businesses line this street.

Details
Maps
Contract Info
Current Price: $275,000
Sold Price: $275,000
Status: Closed
List Date: 2018-11-06
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: L30
House Number: 11115
Compass: W
Street Name: NEVADA
St Suffix: Avenue
City/Town Code: Youngtown
State/Province: AZ
Zip Code: 85363
Zip4: 1217
Country: USA
County Code: Maricopa
Legal Description (Abbrev): LOT 78 YOUNGTOWN PLAT 5A MCR 009226
Subdivision: YOUNGTOWN PLAT 5A
Assessor's Map #: 85
Assessor's Parcel #: 63
Assessor Parcel Ltr: A
Add'l Parcels: No
Assessor Number: 200-85-063-A
Census Tract: 71600
Legal: LOT 78 YOUNGTOWN PLAT 5A MCR 009226
Tax Municipality: Youngtown
Taxes: 2993
Tax Year: 2018
General Property Description
Ttl Apx SqFt Bldg: 3072
# of Buildings: 1
Year Built: 1962
Uncvrd Parking Spcs: 36
Zoning: C-1
Remarks & Misc
Cross Street: 111th Ave and Grand
Directions: Grand Ave to 111th Ave, south to Nevada, west to property.
Geo Lat: 33.596428
Geo Lon: -112.299419
Status Change Info
Status Change Date: 2019-03-14
Off Market Date: 2019-03-14
Under Contract Date: 2019-02-05
Close of Escrow Date: 2019-03-13
Sold Price: $275,000
Legal Info
Township: 3N
Range: 1E
Section: 18
Lot Number: 78
Income & Expenses
Annual Wtr/Swr Exp: 1020
Owner Association: No
Operating Exp: 4013
Vacancy Allowance: 0.05
Net Operating Income: 16080
Pmt & Rate Info
Cap Rate: 5.36
Equity: 300000
Contact Info
List Agent Home Phn: 602-697-0730
Sold Info
Loan Type: Cash
Payment Type: Fixed
Clsing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Property Features
Building Type: Commercial
Current Use: Mixed Use; Service Business; Religious Facility; Office; Retail
Stories: 1 Story
Construction: Block
Roofing: Rolled
Floors: Concrete; Ceramic Tile
Ceiling Height: 8 Feet or Less
Heating: Heat Pump
Cooling: Heat Pump
Loading Facilities: None
Interior: Finished; Private Restrooms
Exterior: Building Sign
Fencing: None
Parking: Free; Private Parking; Paved Parking
Electric: APS; Individual Meter; 220
Gas: SW Gas
Water: Private Franchise
Sewer: Sewer - Public
Freeway/Highway: Up to 1 Mile
Railroad: RlRd up to 1 Mile
Source of Fincl Data: Provided by Owner
Existing 1st Loan: Private; Treat as Free&Clear
Existing 1st Ln Type: Not Applicable
Existing 1st Ln Trms: Not Applicable
Existing 2nd Loan: Other (See Remarks)
Existing 2nd Ln Type: Not Applicable
Existing 2nd Ln Trms: Not Applicable
Existing 3rd Loan: Other (See Remarks)
Existing 3rd Ln Type: Not Applicable
Existing 3rd Ln Trms: Not Applicable
Existing Othr Ln Trm: Not Applicable
Roads/Streets: Asphalt; Curb(s) & Gutter(s); Alley
Reports/Disclosures: Boundary Survey Avlb
Use Restrictions: Currently Leased
Environmental: None

Listing Office: RE/MAX Professionals

Last Updated: February - 17 - 2023

11115 W NEVADA Avenue, Youngtown, AZ 85363 - MLS# 5843648
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