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

Overview

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.

Listing Details MLS# 6519301

Location, Tax & Legal

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
Country
US
County Code
Maricopa
Assessor Number
133-44-004
Tax Year
2022
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

Contract Info

Ownership
Fee Simple

General Property Description

Ttl Apx SqFt Bldg
5980
# of Buildings
Yes
Year Built
1972
Uncvrd Parking Spcs
34
Zoning
C-T

Remarks Misc

Cross Street
McClintock and Broadway
Directions
South of Broadway and East side of McClintock

Status Change Info

Off Market Date
2023-05-15
Under Contract Date
2023-05-12
Close of Escrow Date
2023-06-01

Legal Info

Lot Number
005A

More Information

Income Expenses

Net Operating Income
10000

Contact Info

List Agent Home Phn
480-900-8484

Sold Info

Loan Type
Other
Payment Type
Other
Clsing Cost Split
Normal - N
Buyer Concession $/%
$
Seller Concession $/%
$
Buyer Concession to Seller
0
Seller Concession to Buyer
0

Construction

Block
Yes

Roofing

Tile
Yes
Rolled
Yes

Floors

Concrete
Yes
Carpet
Yes

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
Yes
Office
Yes

Business Type

Service Business
Yes
Professional/Office
Yes

Stories

1 Story
Yes

Pmt & Rate Info

Cap Rate
0.91
Equity
1100000
Total Owed
0

Showing Notification Methods

Text
Yes
Email
Yes
Phone Call
Yes

Ceiling Height

8.1 Feet to 10 Feet
Yes

Heating

Heat Pump
Yes
Electric
Yes

Cooling

Central Air
Yes

Interior Features

Finished
Yes

Loading Facilities

Grade Level
Yes

Source of Fincl Data

Projected Proforma
Yes

Fencing

Block
Yes

Water Source

City Franchise
Yes

Freeway/Highway

1.1 - 2 Miles
Yes

Sewer

Sewer - Public
Yes

Parking Features

Fenced
Yes
Free
Yes
Private
Yes
Paved
Yes

Electric

SRP
Yes

Gas

None
Yes

New Financing

Cash Only
Yes

Reports/Disclosures

None
Yes

Environmental

None
Yes

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
IDX
Listing Office: Keller Williams Realty Phoenix
Last Updated: June - 01 - 2023
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