1846 E 3RD Street 102, Tempe, AZ 85288

$505,000
Property Type: Comm/Industry Sale Square Footage: 7,097 Lot Size (sq. ft.): 5,624 Status: Closed
Current Price: $505,000 List Date: 9/14/2017 Last Modified: 3/02/2023

Overview

Description

Perfect spot to start your business! One block away from new Tempe Marketplace (walking distance). Located in auto business complex. All types of repairs done. Each unit has 2 BAYS and two 14 ft overhead doors. One unit includes a studio apartment. Owner has in place a month to month tenant on 1 unit that is great passive income. Great investment opportunity short-term and long-term. The listing includes units 101 and 102. Motivated Seller.

Listing Details MLS# 5660337

Location, Tax & Legal

Map Code/Grid
R37
House Number
1846
Compass
E
Street Name
3RD
St Suffix
Street
City/Town Code
Tempe
State/Province
AZ
Zip Code
85288
Zip4
2990
Country
US
County Code
Maricopa
Subdivision
D/S TRI CITY PLAZA CONDOMINIUM UNIT 1-8
Assessor Number
132-41-048
Tax Year
2017
Unit #
102
Building Number
101
Assessor's Map #
41
Legal Description (Abbrev)
LOT 2 D/S TRI CITY PLAZA CONDOMINIUM UNIT 1-8 MCR 031729
Assessor's Parcel #
48
Add'l Parcels
No
Tax Municipality
Maricopa - COUNTY
Census Tract
318400
Taxes
5023
Legal
LOT 1 & 2 D/S TRI CITY PLAZA CONDOMINIUM UNIT 1-8 MCR 031729

Contract Info

Ownership
Fee Simple

General Property Description

Type of Property
Commercial
Ttl Apx SqFt Bldg
7097
# of Buildings
Yes
Year Built
1987
Uncvrd Parking Spcs
10
Zoning
GID

Remarks Misc

Cross Street
McClintock Dr and Rio Salado
Directions
Heading south off S McClintock Dr turn right on to E 3rd St. then turn left on S Industrial Drive. Take first left into complex and it will be located on your right side 1846 E 3rd St Units 101&102

Status Change Info

Off Market Date
2017-12-30
Under Contract Date
2017-11-03
Close of Escrow Date
2017-12-29

Legal Info

Township
1N
Range
4E
Section
13
Lot Number
1 & 2

More Information

Bay Info

# of Bays
6
# of Bay Doors
4
Bay Door Height
12
Bay Door Width
12

Sold Info

Loan Type
Carryback
Loan Years
20
Payment Type
Balloon
Clsing Cost Split
Normal - N
Buyer Concession $/%
$
Seller Concession $/%
$
Buyer Concession to Seller
0
Seller Concession to Buyer
0

Construction

Block
Yes

Roofing

Concrete
Yes

Floors

Concrete
Yes

Income & Expenses

Annual Elec Exp
2400
Annual Gas Exp
0
Annual Ins Exp
1080
Annual Land Lse Exp
0
Annual Landscape Exp
0
Annual Legal & Acctg
0
Annual Maint Exp
1000
Annual Mgmt Exp
0
Annual Trash Exp
0
Annual Wtr/Swr Exp
0
Owner Association
Yes
Annual Ownr Asoc Fee
4200
Annual PAD Fee
0
Annual Rplcmnt Rsrvs
0
Annual Other Expense
0
Operating Exp
13703
Other Income
18000
Vacancy Allowance
0
Adjusted Gross Inc
18000

Building Type

Commercial
Yes
Industrial
Yes
Distribution/Warehouse
Yes

Business Type

Automobile
Yes
Professional/Office
Yes
Warehouse
Yes

Stories

2 Stories
Yes

Pmt & Rate Info

Down Payment
0
Equity
525000
Total Owed
0
Assessment Balance
0

Ceiling Height

14.1 Feet to 16 Feet
Yes

Heating

Office Heated
Yes

Cooling

Office A/C
Yes
Warehouse Evap
Yes

Interior Features

Security System
Yes
Security Light(s)
Yes
Phone System
Yes
Private Restrooms
Yes

Loading Facilities

Grade Level
Yes

Source of Fincl Data

Owner
Yes

Traffic Count

Up to 5,000
Yes

Fencing

None
Yes

Water Source

City Franchise
Yes

Freeway/Highway

1.1 - 2 Miles
Yes

Building Features

Kitchen
Yes

Sewer

Sewer - Public
Yes

Parking Features

Free
Yes

Electric

SRP
Yes
220 Volts
Yes

Gas

None
Yes

New Financing

Sale/Leaseback
Yes

Existing 1st Loan

Treat as Free&Clear
Yes
SBA
Yes

Existing 1st Loan Type

Fixed
Yes

Existing 1st Loan Terms

Not Applicable
Yes

Existing 2nd Loan

Treat as Free&Clear
Yes

Existing 2nd Loan Type

Not Applicable
Yes

Existing 2nd Loan Terms

Not Applicable
Yes

Existing 3rd Loan

Treat as Free&Clear
Yes

Use Restrictions

CC&R's
Yes

Existing 3rd Loan Type

Not Applicable
Yes

Reports/Disclosures

None
Yes

Existing 3rd Loan Terms

Not Applicable
Yes

Environmental

None
Yes

Existing Othr Ln Trm

Not Applicable
Yes

Property Features

Building Type: Commercial; Industrial; Distribution/Warehouse Business Type: Automobile; Professional/Office; Warehouse Stories: 2 Stories Construction: Block Roofing: Concrete Floors: Concrete Ceiling Height: 14.1 Feet to 16 Feet Heating: Office Heated Cooling: Office A/C; Warehouse Evap Loading Facilities: Grade Level Interior Features: Security System; Security Light(s); Phone System; Private Restrooms Fencing: None Building Features: Kitchen Parking Features: Free Electric: SRP; 220 Volts Gas: None Water Source: City Franchise Sewer: Sewer - Public New Financing: Sale/Leaseback Source of Fincl Data: Owner Existing 1st Loan: Treat as Free&Clear; SBA Existing 1st Loan Type: Fixed Existing 1st Loan Terms: Not Applicable Existing 2nd Loan: Treat as Free&Clear Existing 2nd Loan Type: Not Applicable Existing 2nd Loan Terms: Not Applicable Existing 3rd Loan: Treat as Free&Clear Existing 3rd Loan Type: Not Applicable Existing 3rd Loan Terms: Not Applicable Existing Othr Ln Trm: Not Applicable Traffic Count: Up to 5,000 Use Restrictions: CC&R's Environmental: None
IDX
Listing Office: Desert 2 Mountain Realty
Last Updated: March - 02 - 2023
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