$539,900
Phoenix, AZ 85014
MLS# 6676783
Status: UCB (Under Contract-Backups)
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Property Description
COMMERCIAL BUILDING WITH HIGH VISIBILITY FOR SALE! The building is currently leased to a strong volume auto repair business for $2250 per month. The lease ends October 2024 when the rent can be increased or convert the property for an owner-occupant use. Owner has recently done many upgrades the the building such as a brand new roof, new electrical service and security gates. ***Owner Will Carry***. 25% down, 8.5% with a 25 or 30, 5 year balloon.
Details
Maps
Contract Info
Current Price: $539,900
List Price: $539,900
Status: UCB (Under Contract-Backups)
List Date: 2024-03-12
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
House Number: 4019
Compass: N
Street Name: 10TH
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85014
Zip4: 5283
Country: USA
County Code: Maricopa
Legal Description (Abbrev): KAY TRACT LOT 28 N 109' BLK 1 EX N 25'
Subdivision: KAY TRACT
Assessor's Map #: 3
Assessor's Parcel #: 36
Add'l Parcels: No
Assessor Number: 118-03-036
Census Tract: 110600
Legal: KAY TRACT LOT 28 N 109' BLK 1 EX N 25'
Tax Municipality: Phoenix
Taxes: 2242
Tax Year: 2023
General Property Description
Ttl Apx SqFt Bldg: 1351
# of Buildings: 2
Year Built: 1946
Uncvrd Parking Spcs: 6
Zoning: R3
Remarks & Misc
Cross Street: 10th Street/Indian School
Directions: S on 10th St from Indian School
Geo Lat: 33.493629
Geo Lon: -112.060847
Status Change Info
Status Change Date: 2024-04-09
UCB or CCBS: UCB (Under Contract-Backups)
Legal Info
Township: 2N
Range: 3E
Section: 28
Lot Number: 28
Income & Expenses
Owner Association: No
Operating Exp: 2242
Gross Annual Sch Inc: 25740
Adjusted Gross Inc: 25740
Net Operating Income: 25740
Pmt & Rate Info
Cap Rate: 4.77
Equity: 539900
Showing Notification Methods
Showing Service: Aligned Showings
Property Features
Building Type: Commercial
Current Use: Automobile
Stories: 1 Story
Construction: Block
Roofing: Other (See Remarks)
Floors: Concrete
Ceiling Height: 12.1 Feet to 14 Feet
Heating: None
Cooling: Warehouse Evap; Other
Loading Facilities: None
Interior: Finished to Suit
Exterior: Corner Lot; Storage Yard
Fencing: Chain Link
Parking: Fenced
Electric: APS
Gas: SW Gas
Water: City Franchise
Sewer: Sewer - Public
New Financing: Owner May Carry; Other (See Remarks)
Lockbox Type: None
Source of Fincl Data: Provided by Owner
Reports/Disclosures: None
Environmental: None
Listing Office: Paul McComb Realty
Last Updated: April - 10 - 2024
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