4141 W BETHANY HOME Road, Phoenix, AZ 85019
$325,000
Property Type:
Comm/Industry Sale
Square Footage:
3,588
Lot Size (sq. ft.):
16,204
Status:
Closed
Current Price:
$325,000
List Date:
11/23/2017
Last Modified:
6/04/2018
Description
1) Seasoned Tenant in place on a modified Triple Net lease. $27,000 in annual income guaranteed through remainder of lease until December 2019. Tenant has never missed a payment since lease inception in 2011. Landlord pays only taxes and insurance annually.
2) Building is currently in great condition and the current office floor plan would make a great ''Executive Offices'' setup to make income go through the roof with very little modification!
3) Property is near the very busy retail corner of Bethany Home & 43rd Ave that includes a Fry's Supermarket and other thriving businesses on all four corners.
4) The two air conditioning units were replaced in April 2011. Keiyko Flat roof done 2010.This is a stand alone garden style building on over 1/3 of an acre. All systems functioning
More Information MLS# 5664476
Contract Info
Current Price: $325,000
Sold Price: $325,000
Status: Closed
List Date: 2017-09-09
Ownership: Fee Simple
Subagents: N
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: N33
House Number: 4141
Compass: W
Street Name: BETHANY HOME
St Suffix: Road
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85019
Zip4: 1863
Country: USA
County Code: Maricopa
Assessor's Map #: 8
Assessor's Parcel #: 3
Assessor Parcel Ltr: W
Add'l Parcels: No
Assessor Number: 145-08-003-W
Census Tract: 107101
Legal: PT NW4 NW4 DAF BEG NW COR TH E 1302F TH S 50F TH W 252.5F TO POB TH S 122F TH W 132.75F TH N 122F TH E 132.75F TO POB
Tax Municipality: Phoenix
Taxes: 5931
Tax Year: 2016
General Property Description
Ttl Apx SqFt Bldg: 3588
Ttl Apx Net Rnt Spc: 3588
# of Buildings: 1
Year Built: 1980
Uncvrd Parking Spcs: 6
Zoning: C-T
Remarks & Misc
Cross Street: 43rd Avenue
Directions: Exit Highway 17 on Bethany Home Road west to the property at 4141 West Bethany Home Road. It is located on the south side of the street just slightly east of 43rd Avenue
Geo Lat: 33.523631
Geo Lon: -112.148263
Status Change Info
Status Change Date: 2018-05-08
Off Market Date: 2018-05-08
Under Contract Date: 2018-04-25
Close of Escrow Date: 2018-05-04
Sold Price: $325,000
Legal Info
Township: 2N
Range: 2E
Section: 15
Cnty Rcrd Bk & Pg #: 00000
Income & Expenses
Annual Ins Exp: 1600
Annual Legal & Acctg: 700
Owner Association: No
Operating Exp: 8231
Gross Annual Sch Inc: 27000
Adjusted Gross Inc: 27000
Net Operating Income: 27000
Pmt & Rate Info
Cap Rate: 7.2
1st Payment Freq: None
Equity: 375000
Avg Rent P/SqFt: 1.48
Sold Info
Loan Type: Cash
Payment Type: Other
Clsing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Property Features
Building Type: Commercial; Office; Other (See Remarks)
Current Use: Mixed Use; Service Business; Office; Retail; Other; See Remarks
Stories: 1 Story
Construction: Stucco; Frame - Wood
Roofing: Built-Up
Floors: Concrete; Ceramic Tile; Carpet
Ceiling Height: 8.1 Feet to 10 Feet
Heating: Office Heated
Cooling: Central A/C; Office A/C
Loading Facilities: None
Interior: Finished; Smoke Detector(s); Security System; Security Light(s); Security Camera(s); Phone System; Private Restrooms
Exterior: Sprinkler Sys-Ground; Landscaping; Building Sign; Security Light(s); Security Camera(s)
Fencing: None
Amenities: Physcl Chlgd (SRmks); Conference Room; Reception Room; Kitchen; Security Gate
Parking: Free; Private Parking; Paved Parking; Other (See Remarks)
Electric: SRP
Gas: None
Water: City Franchise; Master Meter
Sewer: Sewer - Public; Sewer-In & Connected
Freeway/Highway: 1.1 - 2 Miles
Special: Owner/Agent
Source of Fincl Data: Provided by Owner; Books Shown; Tax Return
Existing 1st Loan: Treat as Free&Clear
Existing 1st Ln Type: Not Applicable
Existing 1st Ln Trms: Not Applicable
Existing 2nd Loan: Treat as Free&Clear
Existing 2nd Ln Type: Not Applicable
Existing 2nd Ln Trms: Not Applicable
Existing 3rd Loan: Treat as Free&Clear
Existing 3rd Ln Type: Not Applicable
Existing 3rd Ln Trms: Not Applicable
Existing Othr Ln Trm: Not Applicable
Roads/Streets: Asphalt; Curb(s) & Gutter(s); Sidewalk(s); Alley
Traffic Count: Unknown
Reports/Disclosures: Other (See Remarks)
Use Restrictions: Currently Leased
Environmental: Other (See Remarks)
Listing Office: Wilder West Real Estate Services
Last Updated: June - 04 - 2018
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