$650,000
11116 W CALIFORNIA Avenue
Youngtown, AZ 85363
MLS# 6115899
Status: Closed



11116 W CALIFORNIA Avenue, Youngtown, AZ 85363
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11116 W CALIFORNIA Avenue, Youngtown, AZ 85363 11116 W CALIFORNIA Avenue, Youngtown, AZ 85363 11116 W CALIFORNIA Avenue, Youngtown, AZ 85363 11116 W CALIFORNIA Avenue, Youngtown, AZ 85363

Property Description
CASH COW! up to 9.4% + CAP. SELLER SAYS NO COVID RENT ISSUE HERE...EVERYONE IS PAYING! This well kept multi tenant building has three addresses 11116,11124,11132 W California Ave., just off of 111th Ave in Youngtown. Some tenants have been here 20+ years! Seller say everyone pays on time! Rents could be higher! Very well kept building. Even with one vacancy the CAP is 8%. Filling the one vacancy would bring the CAP up to about 9.4%. All other suites are currently occupied by various businesses. Monument signs at front east side. All suites exit to 47 parking spots. Annual ''other expenses'' are all utilities. EXCELLENT CAP RATE. SHOWINGS ONLY PERMITTED WITH ACCEPTED OFFER AND BUYER PROOF OF FUNDS or PREQUAL FROM LENDER.

Details
Maps
Documents
Contract Info
Current Price: $650,000
Sold Price: $650,000
Status: Closed
List Date: 2020-08-11
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: L30
House Number: 11116
Compass: W
Street Name: CALIFORNIA
St Suffix: Avenue
City/Town Code: Youngtown
State/Province: AZ
Zip Code: 85363
Zip4: 1201
Country: USA
County Code: Maricopa
Legal Description (Abbrev): LOT 4 YOUNGTOWN PARK MCR 010012
Subdivision: YOUNGTOWN PARK
Assessor's Map #: 85
Assessor's Parcel #: 360
Add'l Parcels: Yes
Assessor Number: 200-85-360
Census Tract: 71600
Legal: LOT 4 YOUNGTOWN PARK MCR 010012
Tax Municipality: Youngtown
Taxes: 10565
Tax Year: 2019
Marketing Name: Cash Cow
General Property Description
Ttl Apx SqFt Bldg: 9690
Ttl Apx Net Rnt Spc: 9008
# of Buildings: 3
Year Built: 1979
Uncvrd Parking Spcs: 47
Zoning: C-1
Remarks & Misc
Cross Street: 111th Ave & Grand
Directions: South On 111th Ave to California and west to building on the right. California Suites.
Geo Lat: 33.596089
Geo Lon: -112.299458
Status Change Info
Status Change Date: 2021-04-08
Off Market Date: 2021-04-08
Under Contract Date: 2021-02-19
Close of Escrow Date: 2021-04-07
Sold Price: $650,000
Legal Info
Township: 3N
Range: 1E
Section: 18
Lot Number: 4
Income & Expenses
Annual Ins Exp: 3668
Annual Legal & Acctg: 2300
Annual Maint Exp: 3120
Owner Association: No
Annual Other Expense: 11732
Operating Exp: 31385
Gross Annual Sch Inc: 94512
Adjusted Gross Inc: 94512
Net Operating Income: 63127
Pmt & Rate Info
Cap Rate: 9.35
Equity: 675000
Sold Info
Loan Type: Other
Payment Type: Other
Clsing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Property Features
Building Type: Commercial; Office
Current Use: Mixed Use; Service Business; Medical/Dental; Office
Stories: 1 Story
Construction: Block; Stucco
Roofing: Built-Up
Floors: Concrete; Vinyl; Ceramic Tile
Ceiling Height: 8 Feet or Less
Heating: Natural Gas
Cooling: Central A/C
Loading Facilities: None
Interior: Finished; Finished to Suit; Smoke Detector(s); Private Restrooms
Exterior: Monument Sign; Security Light(s)
Fencing: Block; None
Parking: Free; Public Parking; Paved Parking
Electric: APS; Individual Meter
Gas: SW Gas; Individual Meter
Water: Private Franchise
Sewer: Sewer - Private
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
Source of Fincl Data: Provided by Owner
Existing 1st Loan: Other (See Rmks)
Existing 1st Ln Type: Fixed
Existing 1st Ln Trms: Non Assumable
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
Roads/Streets: Asphalt; Curb(s) & Gutter(s); Alley
Traffic Count: Not Available
Reports/Disclosures: None
Environmental: None

Listing Office: Coldwell Banker Realty

Last Updated: December - 04 - 2023

11116 W CALIFORNIA Avenue, Youngtown, AZ 85363 - MLS# 6115899
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