860 W Road 1 South -- Active Save Request In-Person Tour Request Virtual Tour
Chino Valley,AZ 86323
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 6861797
Maintenance Fees $9,373
Year Built 2004
Annual Tax Amount $38,319
Tax Year 2025
Lot Size 4.820 Acres
Acres 4.82
Source Arizona Regional Multiple Listing Service (ARMLS)
Property Description
Whispering Winds is a multi-family mixed use property in the middle of town. It has excellent property management and is 100% occupied. The property consists of 2 commercial buildings w/ 3 office spaces each. Attached to the backside of the office spaces are 9 storage units with internal doors and also exterior rollup doors, and finished with sheetrock and lighting. Gated residential area has 6 duplexes w/ attached one car garages, back patios and fence yards; 3 triplexes, 1 br/1 bath, w/ storage rm, back patios and fenced yards. All built in 2004 w/ new roofs in 2018. There are also, 3 fourplexes, each built in 2018 w/ upgraded interiors. Lg common laundry rm for complex. Each unit is separately metered for water & gas. Property has its own private water company and is on town sewer. Current actual cap rate of 5.98% and easily be increased to 6.34% by increasing below rent leases expiring 2/28/26 to market rents.
Seller Carryback possible with 50% down payment.
Location
State AZ
County Yavapai
Area Yavapai
Zoning CL
Direction From south end of Chino Valley, take State Route 89 heading N, turn west (L) at Road 1 South. Approx 0.5 mile, property is on the right. Name of complex is Whispering Winds.
Interior
Heating Natural Gas
Cooling Central Air
Flooring Carpet
Exterior
Parking Features Parking Lot,Paved,Free
Fence Other,Wood
Roof Type Composition
Private Pool No
Building
Dwelling Type Other (See Remarks)
Sewer Public Sewer
Water Private,Domestic Well,Master Meter
New Construction No
Others
Senior Community No
Tax ID 306-29-026-X
Disclosures Water Well Report,Seller Prop Disc Stm