2201 S Mcclintock Drive, Tempe, AZ 85282
$940,000
Property Type:
Comm/Industry Sale
Square Footage:
5,980
Lot Size (sq. ft.):
24,545
Status:
Closed
Current Price:
$940,000
List Date:
2/11/2023
Last Modified:
6/01/2023
Description
Value-add property with great lease up potential - vacant (under marketed). Very desirable area 5 minutes from ASU's main campus. Some light remodeling would attract new professionals to this thriving locale. Property has sought after covered parking, shaded garden area and mature landscaping with numerous amenities steps away. High population density and plenty of new development nearby make this an attractive investment.
More Information MLS# 6519301
Contract Info
Ownership: Fee Simple
Current Price: $940,000
Sold Price: $940,000
Status: Closed
List Date: 2023-01-13
Location, Tax & Legal
Assessor's Map #: 44
Assessor's Parcel #: 4
Add'l Parcels: No
Tax Municipality: Maricopa - COUNTY
Taxes: 7505
Legal: PALMCROFT MANOR 1 LOTS 1-5, 18-29, 38-47
Map Code/Grid: C70
House Number: 2201
Compass: S
Street Name: Mcclintock
St Suffix: Drive
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85282
County Code: Maricopa
Assessor Number: 133-44-004
Tax Year: 2022
General Property Description
Ttl Apx SqFt Bldg: 5980
# of Buildings: 1
Uncvrd Parking Spcs: 34
Year Built: 1972
Zoning: C-T
Construction
Block: 1
Roofing
Tile: 1
Rolled: 1
Floors
Concrete: 1
Carpet: 1
Income & Expenses
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 7505
Other Income: 11000
Vacancy Allowance: 5
Adjusted Gross Inc: 44000
Building Type
Commercial: 1
Office: 1
Business Type
Service Business: 1
Professional/Office: 1
Stories
1 Story: 1
Pmt & Rate Info
Cap Rate: 0.91
Equity: 1100000
Total Owed: 0
Showing Notification Methods
Text: 1
Email: 1
Phone Call: 1
Ceiling Height
8.1 Feet to 10 Feet: 1
Heating
Heat Pump: 1
Electric: 1
Cooling
Central Air: 1
Interior Features
Finished: 1
Loading Facilities
Grade Level: 1
Source of Fincl Data
Projected Proforma: 1
Fencing
Block: 1
Water Source
City Franchise: 1
Freeway/Highway
1.1 - 2 Miles: 1
Sewer
Sewer - Public: 1
Parking Features
Fenced: 1
Free: 1
Private: 1
Paved: 1
Electric
SRP: 1
Gas
None: 1
New Financing
Cash Only: 1
Reports/Disclosures
None: 1
Environmental
None: 1
Contact Info
List Agent Home Phn: 480-900-8484
Sold Info
Loan Type: Other
Payment Type: Other
Clsing Cost Split: Normal - N
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 0
Seller Concession $/%: $
Remarks Misc
Cross Street: McClintock and Broadway
Directions: South of Broadway and East side of McClintock
Geo Lat: 33.404465
Geo Lon: -111.908746
Status Change Info
Off Market Date: 2023-05-15
Under Contract Date: 2023-05-12
Close of Escrow Date: 2023-06-01
Sold Price: $940,000
Legal Info
Lot Number: 005A
Income Expenses
Net Operating Income: 10000
Property Features
Building Type: Commercial; Office
Business Type: Service Business; Professional/Office
Stories: 1 Story
Construction: Block
Roofing: Tile; Rolled
Floors: Concrete; Carpet
Ceiling Height: 8.1 Feet to 10 Feet
Heating: Heat Pump
Cooling: Central Air
Loading Facilities: Grade Level
Interior Features: Finished
Fencing: Block
Parking Features: Fenced; Free; Private; Paved
Electric: SRP
Gas: None
Water Source: City Franchise
Sewer: Sewer - Public
New Financing: Cash Only
Showing Notification Methods: Text; Email; Phone Call
Source of Fincl Data: Projected Proforma
Environmental: None
Listing Office:
Keller Williams Realty East Valley
Last Updated: June - 01 - 2023
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