$1,295,000
Phoenix, AZ 85015
MLS# 6689045
1 / 12
Property Description
Amazing Investment opportunity located in strong central neighborhood in the City of Phoenix. Three parcels being sold together. APN 153-25-084A (Lot Size 6,880 Sq Ft), 153-25-085A (7,740 Sq Ft) and 153-25-086A (7,740 Sq Ft) - see parcel map under doc tap. Total Building Size: 6,460 Sq Feet. Current use: Tenants are Pepe's Taco Villa and Landgrave Mexican Imports (Steel Gate Fabrication/Tax preparation). Same tenants for 18 years with minimal rent increases that are well under market. Currently Zoned: [C-2] COMMERCIAL, COMMUNITY. Price to sell, minutes to freeways: I-10, I-17, SR52, SR101, SR202 and Lightrail. Hard corner intersection near major thoroughfares value add retail/commercial real estate opportunity. Buyer to verify all information.
Details
Maps
Contract Info
Current Price: $1,295,000
List Price: $1,295,000
Status: Active
List Date: 2024-04-09
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
House Number: 2106-2110
Compass: W
Street Name: CAMELBACK
St Suffix: Road
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85015
Country: USA
County Code: Maricopa
Legal Description (Abbrev): LOT 13 BLOCK 4 CAMELBACK GARDENS MCR 002937
Subdivision: Central Gardens
Assessor's Map #: 25
Assessor's Parcel #: 86
Assessor Parcel Ltr: A
Add'l Parcels: Yes
Assessor Number: 153-25-086-A
Census Tract: 107300
Legal: LOT 13 BLOCK 4
Tax Municipality: Phoenix
Taxes: 2464
Tax Year: 2021
General Property Description
Ttl Apx SqFt Bldg: 6460
# of Buildings: 2
Year Built: 1934
Uncvrd Parking Spcs: 18
Zoning: [C-2] COMMERCIA
Remarks & Misc
Cross Street: 21st Ave and Camelback
Geo Lat: 33.509886
Geo Lon: -112.104545
Status Change Info
Status Change Date: 2024-04-09
Legal Info
Township: 2N
Range: 2E
Section: 13
Lot Number: 13
Income & Expenses
Owner Association: No
Operating Exp: 2464
Gross Annual Sch Inc: 46000
Vacancy Allowance: 1
Net Operating Income: 28000
Pmt & Rate Info
Cap Rate: 2.16
Equity: 1295000
Showing Notification Methods
Showing Service: Aligned Showings
Property Features
Building Type: Commercial
Current Use: Mixed Use; Restaurant
Stories: 1 Story
Construction: Other (See Remarks)
Roofing: Other (See Remarks)
Floors: Concrete
Ceiling Height: 10.1 Feet to 12 Feet
Heating: Other
Cooling: Central A/C
Loading Facilities: Other (See Remarks)
Interior: Other (See Remarks)
Exterior: Corner Lot
Fencing: Other
Parking: Paved Parking; Other (See Remarks)
Electric: Other (See Remarks)
Gas: Other (See Remarks)
Water: Other
Sewer: Other (See Remarks)
Freeway/Highway: Other (See Remarks)
Railroad: Other (See Remarks)
New Financing: Other (See Remarks)
Lockbox Type: None
Source of Fincl Data: Other (See Remarks)
Reports/Disclosures: Seller Prop Disc Stm
Environmental: Other (See Remarks)
Listing Office: Realty ONE Group
Last Updated: April - 09 - 2024
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