445 N ARIZONA Avenue, Chandler, AZ 85225
$850,000
Property Type:
Comm/Industry Sale
Square Footage:
11,132
Lot Size (sq. ft.):
41,239
Status:
Closed
Current Price:
$850,000
List Date:
2/17/2017
Last Modified:
8/06/2021
Description
WOW!!! Seller is motivated and willing to carry with down payment. This hotel features 25 units with a small house used as a office. This is a value add project or possible convert into apartments. Projections of rent 18-20k a month. This property does not have any historical or financial information.Vacant lot 302-64-043-A also included in sale. All facts are approximate buyer verify all MLS information.
More Information MLS# 5563043
Contract Info
Ownership: Fee Simple
Current Price: $850,000
Sold Price: $850,000
Status: Closed
List Date: 2017-02-17
Location, Tax & Legal
Assessor's Map #: 64
Assessor's Parcel #: 33
Add'l Parcels: Yes
Tax Municipality: Chandler
Census Tract: 522902
Taxes: 9758
Legal: GREATER CHANDLER ADD
Map Code/Grid: T38
House Number: 445
Compass: N
Street Name: ARIZONA
St Suffix: Avenue
City/Town Code: Chandler
State/Province: AZ
Zip Code: 85225
Zip4: 4583
County Code: Maricopa
Subdivision: Greater Chandler ADD Blk 7
Assessor Number: 302-64-033
Tax Year: 2015
General Property Description
Ttl Apx SqFt Bldg: 11132
Ttl Apx Net Rnt Spc: 11132
# of Buildings: 1
Uncvrd Parking Spcs: 22
Year Built: 1970
Zoning: C-3
Legal Info
Range: 5E
Section: 27
Township: 1S
Lot Number: 9
Construction
Block: 1
Roofing
Composition: 1
Floors
Concrete: 1
Income & Expenses
Annual Elec Exp: 0
Annual Gas Exp: 0
Annual Ins Exp: 0
Annual Land Lse Exp: 0
Annual Landscape Exp: 0
Annual Legal & Acctg: 0
Annual Maint Exp: 0
Annual Mgmt Exp: 0
Annual Trash Exp: 0
Annual Wtr/Swr Exp: 0
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Annual Other Expense: 0
Operating Exp: 9758
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 0
Building Type
Commercial: 1
Business Type
Other: 1
See Remarks: 1
Stories
1 Story: 1
Pmt & Rate Info
Down Payment: 0
Equity: 899000
Total Owed: 0
Assessment Balance: 0
Ceiling Height
8 Feet or Less: 1
Heating
Other: 1
See Remarks: 1
Cooling
Window/Wall Unit: 1
Interior Features
Finished: 1
Loading Facilities
None: 1
Source of Fincl Data
Owner: 1
Fencing
Block: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
Private: 1
Electric
APS: 1
Gas
City Gas: 1
Other (See Remarks): 1
New Financing
Cash Only: 1
Owner May Carry: 1
1031 Exchange: 1
Existing 1st Loan
Treat as Free&Clear: 1
Existing 1st Loan Type
Not Applicable: 1
Existing 1st Loan Terms
Not Applicable: 1
Existing 2nd Loan
Treat as Free&Clear: 1
Existing 2nd Loan Type
Not Applicable: 1
Existing 2nd Loan Terms
Not Applicable: 1
Existing 3rd Loan
Treat as Free&Clear: 1
Existing 3rd Loan Type
Not Applicable: 1
Reports/Disclosures
Other (See Remarks): 1
Existing 3rd Loan Terms
Not Applicable: 1
Environmental
Other (See Remarks): 1
Existing Othr Ln Trm
Not Applicable: 1
Sold Info
Loan Type: Carryback
Loan Years: 3
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: N/NEC N Arizona Avenue & E Erie Street
Geo Lat: 33.31092
Geo Lon: -111.841068
Status Change Info
Off Market Date: 2017-02-17
Under Contract Date: 2017-02-03
Close of Escrow Date: 2017-02-03
Sold Price: $850,000
Property Features
Building Type: Commercial
Business Type: Other; See Remarks
Stories: 1 Story
Construction: Block
Roofing: Composition
Floors: Concrete
Ceiling Height: 8 Feet or Less
Heating: Other; See Remarks
Cooling: Window/Wall Unit
Loading Facilities: None
Interior Features: Finished
Fencing: Block
Parking Features: Private
Electric: APS
Gas: City Gas; Other (See Remarks)
Water Source: City Franchise
Sewer: Sewer - Public
New Financing: Cash Only; Owner May Carry; 1031 Exchange
Source of Fincl Data: Owner
Existing 1st Loan: Treat as Free&Clear
Existing 1st Loan Type: Not Applicable
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
Environmental: Other (See Remarks)
Listing Office:
Better Homes & Gardens Real Estate SJ Fowler
Last Updated: August - 06 - 2021
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