$250,000
Fountain Hills, AZ 85268
MLS# 5962533
Status: Closed
1 / 5
Property Description
Two upstairs office suites with beautiful appointments, and private restrooms. Downstairs a delightful Day Spa with Three individual treatment rooms,reception area, restroom, laundry and kitchenette. This building is included in Tract 208 Central Business District with parking and landscaping maintenance included in annual Plat 208 dues.
Details
Maps
Contract Info
Current Price: $250,000
Sold Price: $250,000
Status: Closed
List Date: 2019-08-01
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: L41
House Number: 16718
Compass: E
Street Name: AVE OF THE FOUNTAINS
St Suffix: --
City/Town Code: Fountain Hills
State/Province: AZ
Zip Code: 85268
Zip4: 4165
Country: USA
County Code: Maricopa
Legal Description (Abbrev): LOT 7 BLOCK 3 FOUNTAIN HILLS AZ FP 208 BLK 5-8 MCR 014404
Subdivision: FOUNTAIN HILLS AZ FP 208 BLK 5-8
Assessor's Map #: 5
Assessor's Parcel #: 128
Add'l Parcels: No
Assessor Number: 176-05-128
Census Tract: 216818
Legal: LOT 7 BLOCK 3 FOUNTAIN HILLS AZ FP 208 BLK 5-8 MCR 014404
Tax Municipality: Maricopa - COUNTY
Taxes: 2481
Tax Year: 2018
General Property Description
Type of Property: Office Suites and Day Spa
Ttl Apx SqFt Bldg: 2357
Ttl Apx Net Rnt Spc: 2357
# of Buildings: 1
Lot Size Dimensions: .029
Year Built: 2003
Uncvrd Parking Spcs: 100
Zoning: C2
Remarks & Misc
Cross Street: Saguaro and Avenue of the Fountains
Directions: Shea to Saguaro, left at Avenue of the Fountains, to building on the right. Building is on a landscaped mall just off The Avenue of the Fountains (just east of Chase bank building & Empty lot)
Geo Lat: 33.605101
Geo Lon: -111.71965
Status Change Info
Status Change Date: 2020-02-13
Off Market Date: 2020-01-21
Under Contract Date: 2020-01-17
Close of Escrow Date: 2020-02-12
Sold Price: $250,000
Legal Info
Township: 3N
Range: 6E
Section: 15
Lot Number: 7
Income & Expenses
Annual Ins Exp: 1200
Annual Maint Exp: 2000
Annual Wtr/Swr Exp: 420
Owner Association: Yes
Annual Ownr Asoc Fee: 250
Gross Annual Sch Inc: 17100
Adjusted Gross Inc: 17100
Net Operating Income: 15230
Pmt & Rate Info
Cap Rate: 5.46
Equity: 279000
Sold Info
Loan Type: Carryback
Loan Years: 3
Payment Type: Balloon
Clsing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Property Features
Building Type: Commercial; Office; Other (See Remarks)
Current Use: Mixed Use; Service Business; Office; Retail; Other; See Remarks
Stories: 2 Stories
Construction: Block; Stucco
Roofing: Built-Up
Floors: Concrete; Ceramic Tile; Carpet
Ceiling Height: 8.1 Feet to 10 Feet
Heating: Heat Pump
Cooling: Central A/C; Heat Pump
Loading Facilities: None
Interior: Finished; Smoke Detector(s); Security Light(s); Phone System; Private Restrooms
Exterior: Landscaping; Building Sign
Fencing: None
Amenities: Reception Room; Kitchen
Parking: Free; Public Parking; Paved Parking
Electric: SRP; Individual Meter
Gas: None
Water: Private Franchise
Sewer: Sewer - Public
Freeway/Highway: 1.1 - 2 Miles
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
Source of Fincl Data: Provided by Owner
Existing 1st Loan: Private
Existing 1st Ln Type: Fixed
Existing 1st Ln Trms: Not Applicable
Existing 2nd Loan: Other (See Remarks)
Existing 2nd Ln Type: Not Applicable
Existing 2nd Ln Trms: Non Assumable
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); Sidewalk(s)
Traffic Count: Up to 5,000
Reports/Disclosures: None
Use Restrictions: CC&R's; Currently Leased
Environmental: None
Listing Office: My Home Group Real Estate
Last Updated: February - 13 - 2020
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