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

Overview

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.

Listing Details MLS# 5563043

Location, Tax & Legal

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
Country
US
County Code
Maricopa
Subdivision
Greater Chandler ADD Blk 7
Assessor Number
302-64-033
Tax Year
2015
Assessor's Map #
64
Assessor's Parcel #
33
Add'l Parcels
Yes
Tax Municipality
Chandler
Census Tract
522902
Taxes
9758
Legal
GREATER CHANDLER ADD

Contract Info

Ownership
Fee Simple

General Property Description

Ttl Apx SqFt Bldg
11132
Ttl Apx Net Rnt Spc
11132
# of Buildings
Yes
Year Built
1970
Uncvrd Parking Spcs
22
Zoning
C-3

Remarks Misc

Cross Street
N/NEC N Arizona Avenue & E Erie Street

Status Change Info

Off Market Date
2017-02-17
Under Contract Date
2017-02-03
Close of Escrow Date
2017-02-03

Legal Info

Township
1S
Range
5E
Section
27
Lot Number
9

More Information

Sold Info

Loan Type
Carryback
Loan Years
3
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

Composition
Yes

Floors

Concrete
Yes

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
Yes

Business Type

Other
Yes
See Remarks
Yes

Stories

1 Story
Yes

Pmt & Rate Info

Down Payment
0
Equity
899000
Total Owed
0
Assessment Balance
0

Ceiling Height

8 Feet or Less
Yes

Heating

Other
Yes
See Remarks
Yes

Cooling

Window/Wall Unit
Yes

Interior Features

Finished
Yes

Loading Facilities

None
Yes

Source of Fincl Data

Owner
Yes

Fencing

Block
Yes

Water Source

City Franchise
Yes

Sewer

Sewer - Public
Yes

Parking Features

Private
Yes

Electric

APS
Yes

Gas

City Gas
Yes
Other (See Remarks)
Yes

New Financing

Cash Only
Yes
Owner May Carry
Yes
1031 Exchange
Yes

Existing 1st Loan

Treat as Free&Clear
Yes

Existing 1st Loan Type

Not Applicable
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

Existing 3rd Loan Type

Not Applicable
Yes

Reports/Disclosures

Other (See Remarks)
Yes

Existing 3rd Loan Terms

Not Applicable
Yes

Environmental

Other (See Remarks)
Yes

Existing Othr Ln Trm

Not Applicable
Yes

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)
IDX
Listing Office: Better Homes & Gardens Real Estate SJ Fowler
Last Updated: August - 06 - 2021
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