1422 N 44TH Street 0, Phoenix, AZ 85008 (MLS# 6150495)

1422 N 44TH Street 0, Phoenix, AZ 85008

$3,100,000

Smart & Covid safe keyless entry systems

two stairwells and elevator for guest ease

Covid Safe Individual room Climate units

Property Type: Comm/Industry Sale Square Footage: 14,970 Lot Size (sq. ft.): 37,069 Status: Closed

Current Price: $3,100,000 List Date: 5/08/2021 Last Modified: 3/03/2025

Overview

Description

Great opportunity in hospitality! Beautiful 35 room boutique hotel with spa services, fitness center/gym, managers apartment, Lobby with Gorgeous reception space and cafe/lounge (currently serving hot & cold drinks and repackaged snacks. Covid safe features include exterior breezeway corridors, individual ac units-no central filter system, no contact check in ability & more! -Renovation in 2016 converted this mason built office suite building w/two common restrooms into this hotel with Luxe touches! Extra parcel included in sale provides 46 total parking spaces: 23 covered, Access from two main roads and less than 2 miles from Sky Harbor! No franchise fees! Perfect for first time Innkeepers, owner/opporators or distant owners. Sale includes business, fixtures & real estate.

Listing Details MLS# 6150495

Location, Tax & Legal

Map Code/Grid: Q36
House Number: 1422
Compass: N
Street Name: 44TH
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85008
Country: US
County Code: Maricopa
Assessor Number: 125-18-043-E
Tax Year: 2020
Unit #: No
Assessor's Map #: 18
Legal Description (Abbrev): A.L. MOORE TRACT
Assessor's Parcel #: 43
Assessor Parcel Ltr: E
Add'l Parcels: Yes
Tax Municipality: Phoenix
Census Tract: 113700
Taxes: 14771
Legal: FR THE NE COR OF LOT 3 S 315F TH W 50F TO TPOB TH W 202F TH S 100F TH E 202F TH N 100F TO POB EX RD P/F 89- 3....
Marketing Name: Hotel Del Sol

Contract Info

Ownership: Fee Simple

General Property Description

Type of Property: Hospitality: Boutique Hotel
Ttl Apx SqFt Bldg: 14970
Ttl Apx Net Rnt Spc: 14463
# of Buildings: Yes
Lot Size Dimensions: multiples/irregular shape
Year Built: 1981
Uncvrd Parking Spcs: 23
Zoning: C-2

Remarks Misc

Cross Street: 44th St and McDowell Rd.
Directions: South to Hotel Del Sol, West into parking lot; to west side/behind building and access to lobby

Status Change Info

Off Market Date: 2021-05-08
Under Contract Date: 2020-11-24
Close of Escrow Date: 2021-05-12

Legal Info

Township: 1N
Range: 4E
Section: 6
Lot Number: E

More Information

Income Expenses

Gross Annual Sch Inc: 644390
Net Operating Income: 296500

Sold Info

Loan Type: SBA
Loan Years: 30
Payment Type: Fixed
Clsing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Buyer Concession to Seller: 0
Seller Concession to Buyer: 0

Construction

Block: Yes

Roofing

Metal: Yes
Other: Yes

Floors

Carpet: Yes

Income & Expenses

Annual Elec Exp: 30868
Annual Ins Exp: 3609
Annual Land Lse Exp: 0
Annual Legal & Acctg: 1104
Annual Maint Exp: 20936
Annual Mgmt Exp: 44000
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Other Expense: 117099
Operating Exp: 232387
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 644390

Building Type

Commercial: Yes
Other (See Remarks): Yes

Business Type

Service Business: Yes
Other: Yes
See Remarks: Yes

Stories

2 Stories: Yes

Pmt & Rate Info

Cap Rate: 9.28
Equity: 3195000
Total Owed: 0

Showing Notification Methods

Text: Yes

Lockbox Type

None: Yes

Ceiling Height

8.1 Feet to 10 Feet: Yes

Heating

Heat Pump: Yes
2 or More Units: Yes
Other: Yes
See Remarks: Yes

Cooling

ENERGY STAR Qualified Equipment: Yes
Window/Wall Unit: Yes
Office A/C: Yes
Other: Yes
See Remarks: Yes

Interior Features

Finished: Yes
Fire Sprinklers: Yes
Smoke Detector(s): Yes
Security System: Yes
Security Light(s): Yes
Security Camera(s): Yes
Alarm System: Yes
Phone System: Yes
Private Restrooms: Yes
Other (See Remarks): Yes

Loading Facilities

None: Yes

Road Surface Type

Asphalt: Yes

Exterior

Dual Street Ftg: Yes
Landscaping: Yes
Curb(s) & Gutter(s): Yes
Building Sign: Yes
Sidewalk(s): Yes
Security Light(s): Yes
Security Camera(s): Yes
Other (See Remarks): Yes

Source of Fincl Data

Owner: Yes
Books Shown: Yes

Fencing

Partial: Yes
Security: Yes
Other: Yes

Water Source

City Franchise: Yes

Freeway/Highway

Up to 1 Mile: Yes

Building Features

Public Elevator(s): Yes
Accessible Entrance: Yes
Conference Room: Yes
Exercise Room: Yes
Reception Room: Yes
Clean Room: Yes
Cafeteria: Yes
Kitchen: Yes
Other (See Remarks): Yes

Sewer

Sewer - Public: Yes

Parking Features

Free: Yes
Private: Yes
Paved: Yes
Other: Yes

Electric

SRP: Yes

Gas

Other (See Remarks): Yes

New Financing

Cash Only: Yes

Reports/Disclosures

Seller Prop Disc Stm: Yes
Other (See Remarks): Yes

Environmental

None: Yes

Property Features

Building Type: Commercial; Other (See Remarks) Business Type: Service Business; Other; See Remarks Stories: 2 Stories Construction: Block Roofing: Metal; Other Floors: Carpet Ceiling Height: 8.1 Feet to 10 Feet Heating: Heat Pump; 2 or More Units; Other; See Remarks Cooling: Window/Wall Unit; Office A/C; ENERGY STAR Qualified Equipment; Other; See Remarks Loading Facilities: None Interior Features: Finished; Fire Sprinklers; Smoke Detector(s); Security System; Security Light(s); Security Camera(s); Alarm System; Phone System; Private Restrooms; Other (See Remarks) Exterior: Dual Street Ftg; Landscaping; Curb(s) & Gutter(s); Building Sign; Sidewalk(s); Security Light(s); Security Camera(s); Other (See Remarks) Fencing: Partial; Security; Other Building Features: Public Elevator(s); Accessible Entrance; Conference Room; Exercise Room; Reception Room; Clean Room; Cafeteria; Kitchen; Other (See Remarks) Parking Features: Free; Private; Paved; Other Electric: SRP Gas: Other (See Remarks) Water Source: City Franchise Sewer: Sewer - Public New Financing: Cash Only Showing Notification Methods: Text Lockbox Type: None Source of Fincl Data: Owner; Books Shown Road Surface Type: Asphalt Environmental: None

Listing Office: RE/MAX Alliance Group

Last Updated: March - 03 - 2025