$650,000
$675,000
3.7%For more information regarding the value of a property, please contact us for a free consultation.
11116 W CALIFORNIA Avenue Youngtown, AZ 85363
0.65 Acres Lot
Key Details
Sold Price $650,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Subdivision Youngtown Park
MLS Listing ID 6115899
Sold Date 04/07/21
Maintenance Fees $3,120
Originating Board Arizona Regional Multiple Listing Service (ARMLS)
Year Built 1979
Annual Tax Amount $10,565
Tax Year 2019
Lot Size 0.653 Acres
Acres 0.65
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.
Location
State AZ
County Maricopa
Community Youngtown Park
Zoning C-1
Direction South On 111th Ave to California and west to building on the right. California Suites.
Interior
Heating Natural Gas
Cooling Central A/C
Flooring Ceramic Tile, Vinyl, Concrete
Exterior
Garage Paved Parking, Public Parking, Free
Fence Block, None
Roof Type Built-Up
Present Use Mixed Use,Service Business,MedicalDental,Office
Total Parking Spaces 47
Building
Sewer Private Sewer
Water Private Franchise
New Construction No
Others
Senior Community No
Tax ID 200-85-360
Financing Other
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Bought with Weichert, REALTORS - Rattler