$750,000
Chandler, AZ 85225
MLS# 6323564
Status: Closed
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Property Description
Absolute great opportunity to own a multi-suite office complex in the heart of the booming central Chandler area. Investment or primary ownership opportunity to acquire a great passive investment!
Details
Maps
Contract Info
Current Price: $750,000
Sold Price: $750,000
Status: Closed
List Date: 2021-11-19
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: T38
House Number: 505
Compass: W
Street Name: RAY
St Suffix: Road
City/Town Code: Chandler
State/Province: AZ
Zip Code: 85225
Zip4: 7283
Country: USA
County Code: Maricopa
Legal Description (Abbrev): LOT 14 ROOSEN PARK MCR 013612
Subdivision: ROOSEN PARK
Assessor's Map #: 75
Assessor's Parcel #: 141
Assessor Parcel Ltr: A
Add'l Parcels: No
Assessor Number: 302-75-141-A
Census Tract: 523002
Legal: LOT 14 ROOSEN PARK MCR 013612
Tax Municipality: Chandler
Taxes: 6556
Tax Year: 2021
General Property Description
Ttl Apx SqFt Bldg: 3770
# of Buildings: 1
Year Built: 1984
Uncvrd Parking Spcs: 12
Zoning: commercial
Remarks & Misc
Cross Street: Ray Road & Hartford
Directions: Head East on Ray road, until you pass the half mile light of hartford which is between Alma School & Arizona Avenue. Property is located on the south side of Ray Road.
Geo Lat: 33.320273
Geo Lon: -111.849356
Status Change Info
Status Change Date: 2022-04-02
Off Market Date: 2022-04-02
Under Contract Date: 2022-01-13
Close of Escrow Date: 2022-04-01
Sold Price: $750,000
Legal Info
Township: 1S
Range: 5E
Section: 28
Lot Number: 14
Income & Expenses
Owner Association: No
Gross Annual Sch Inc: 57600
Adjusted Gross Inc: 57600
Net Operating Income: 15000
Pmt & Rate Info
Cap Rate: 1.76
Equity: 850000
Sold Info
Loan Type: Carryback
Loan Years: 5
Payment Type: Fixed
Clsing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Property Features
Building Type: Commercial; Office
Current Use: Service Business; Medical/Dental; Office; Retail
Stories: 1 Story
Construction: Block; Frame - Wood; Brick
Roofing: Foam; Rolled
Floors: Other
Ceiling Height: 8 Feet or Less; 10.1 Feet to 12 Feet
Cooling: Central A/C
Loading Facilities: None
Interior: Finished; Fire Sprinklers; Smoke Detector(s)
Exterior: Landscaping; Building Sign; Security Light(s)
Fencing: None
Amenities: Reception Room; Showers - Office
Parking: Free; Public Parking; Private Parking; Paved Parking
Electric: SRP
Gas: SW Gas
Water: City Franchise
Sewer: Sewer - Public
Freeway/Highway: 1.1 - 2 Miles
Lockbox Type: None
Special: Owner/Agent
Source of Fincl Data: Provided by Owner
Existing 1st Loan: Treat as Free&Clear
Existing 1st Ln Type: Not Applicable
Existing 1st Ln Trms: Not Applicable
Existing 2nd Loan: Treat as Free&Clear
Reports/Disclosures: Seller Prop Disc Stm
Environmental: None
Listing Office: Infinity & Associates Real Estate
Last Updated: July - 10 - 2023
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