Chino Valley, AZ 86323,860 W Road 1 South --
Chino Valley, AZ 86323,860 W Road 1 South --
Chino Valley, AZ 86323,860 W Road 1 South --
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$6,995,000
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4.82 Acres Lot
Active

860 W Road 1 South -- Chino Valley, AZ 86323

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Additional details

UPDATED:

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


Arizona Regional MLS (ARMLS)
Listed by RealtyONEGroup Mountain Desert

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Clifford Wong

Clifford Wong

Agent | License ID: SA699206000

+1(602) 300-7153

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860 W Road 1 South --