11116 W California Avenue

    Youngtown, AZ 85363
    • $675,000
    • STATUS: Active
    • ON SITE: 72 days
    • MLS #: 6050105
    UPDATED: 29 min ago
    $675,000
    • 0
      BEDS
    • 0.22
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 9,000
      SQFT
    • $75
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1979
    County:
    Area:

    School Ratings & Info

    Description

    CASH COW! up to 9.4% + CAP. 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 BUYER PROOF OF FUNDS or PREQUAL FROM LENDER.

    Monthly Payment Calculator



    © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than Brett Tanner Home Selling Team | Keller Williams Realty Phoenix. Data last updated 2020-05-25T09:11:18.463.
    www.yournextphoenixhome.com/homes/104142969

    11116 W California Avenue Youngtown, AZ 85363

    • Price: $675,000
    • Status: Active
    • Updated: 29 min ago
    • MLS #: 6050105
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.22
    Acres
    9,000
    SQFT
    $75
    $/SQFT
    1979
    Built
    Neighborhood:
    Youngtown Park
    County:
    Maricopa
    Area:
    Youngtown
    Property Description
    CASH COW! up to 9.4% + CAP. 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 BUYER PROOF OF FUNDS or PREQUAL FROM LENDER.
    Exterior Features

    Construction BlockStucco Covered Parking Spaces 0.00 Exterior Features Monument SignSecurity Light(S) Fencing BlockNone Parking FreePaved ParkingPublic Parking Roads AlleyAsphaltCurb(S) & Gutter(S) Roofing Built-Up Stories 1 Story Total Parking Spaces 47.00 Uncovered Parking Spaces 47.00

    Interior Features

    Ceiling Height 8 Feet Or Less Cooling Central A/C Flooring Ceramic TileConcreteVinyl/Composition Heating Gas Interior Features FinishedFinished To SuitPrivate RestroomsSmoke Detector(S)

    Property Features

    Adjusted Gross Inc 94512.00 Annual Elec Exp 0.00 Annual Gas Exp 0.00 Annual Ins Exp 3668.00 Annual Land Lse Exp 0.00 Annual Landscape Exp 0.00 Annual Legal And Acctg 2300.00 Annual Maint Exp 3120.00 Annual Mgmt Exp 0.00 Annual Other Expense 11732.00 Annual Rplcmnt Rsrvs 0.00 Annual Trash Exp 0.00 Annual Wtr Swr Exp 0.00 Building Type CommercialOffice Cross Street 111th Ave & Grand Current Use Medical/DentalMixed UseOfficeService Business Electric ApsIndividual Meter Gas Individual MeterSw Gas Gross Annual Sch Inc 94512.00 Hoa Fee 0.00 Hoa YN No Loading Facilities None Lot Number 3 Net Operating Income 63127.00 Operating Exp 31385.00 Other Income 0.00 Ownership Fee Simple Pad Fee 0.00 Sewer Sewer - Private Source Of Financial Data Provided By Owner Taxes 10565.00 Traffic Count Not Available UCB No Vacancy Allowance 0.00 Water Private Franchise Zoning C-1

    Listing courtesy of Coldwell Banker Realty.


    © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than Brett Tanner Home Selling Team | Keller Williams Realty Phoenix. Data last updated 2020-05-25T09:11:18.463.
     
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