26690 S Chittenden Street

    Congress, AZ 85332
    • $396,000
    • STATUS: Closed
    • ON SITE: 190 days
    • ID#: 1018369
    Sold - 04/09/2019
    $396,000
    SOLD - 04/09/2019
    • 0
      BEDS
    • 1.25
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 11,176
      SQFT
    • $0
      $/SQFT
    Type:
    Commercial
    Built:
    2001
    County:
    Area:

    School Ratings & Info

    Description

    Great Investment Opportunity. This property is almost a double digit cap rate as is. These are not proforma numbers. With 32 more storage units to Lease out, 10 More Trailer/RV Spaces to Lease out, and a laundromat or office building you can generate money from this Property has a lot of Upside. If all the Units were leased at the current rates the property would gross $111,900.00 Net $94,827.00 and be a CAP RATE of 22.31%. Build a website, get a new sign, set up a google business listing, and send out some advertising. This property has tons of potential under new management.

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    © 2019 Prescott Area Association of Realtors, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Mountain Properties. Data last updated: 2019-08-17T17:51:17.187.
    www.prescottareaproperty.com/homes/91646167

    26690 S Chittenden Street Congress, AZ 85332

    • Price: $420,000
    • Status: Closed
    • Updated: 50 min ago
    • ID#: 1018369
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.25
    Acres
    11,176
    SQFT
    $0
    $/SQFT
    2001
    Built
    County:
    Yavapai
    Area:
    Congress
    Property Description
    Great Investment Opportunity. This property is almost a double digit cap rate as is. These are not proforma numbers. With 32 more storage units to Lease out, 10 More Trailer/RV Spaces to Lease out, and a laundromat or office building you can generate money from this Property has a lot of Upside. If all the Units were leased at the current rates the property would gross $111,900.00 Net $94,827.00 and be a CAP RATE of 22.31%. Build a website, get a new sign, set up a google business listing, and send out some advertising. This property has tons of potential under new management.
    Exterior Features

    Construction Block/BrickStuccoFrame - Wood External Amenities LandscapedFenceStorage YardSecurity Lights Lot Size 54450 Parking On-SiteStorageTrailerTruck Roof Asphalt Shingle

    Interior Features

    Bathrooms SharedUnisexInterior Bathrooms Number 1.00 Cooling Central Air Flooring Concrete Heating PropaneElectric Internal Amenities Security/AlarmBathroom

    Property Features

    Building Type 5+ UnitsOffice - BuildingMini/Self Storage Buildings 6 Business Location Freestanding BldgCorner Location Business Type Mini-Storage CAM 0.00 Cap Percent 9.77 Ccr Fees 11177.00 CCRs No Comm Type Other Commercial Amenities Overhead Door(S)Grade LevelRoll-Up Door(S) Construction Status Existing Financing Conventional GRM 6.82 Gross Vol Yr 61560.00 Management Owner NOI 41031.00 Possession At Recordation Property Use Investment Prop Records Available Other - See Remarks Reo Or Short Sale Not Applicable Road Access And Maintenance PavedStateMaint-State Source Of Measurement County Assessor Space Available Yes Tax Year 2018 Taxes 6033.00 Utilities Installed Individual MeterTelephoneUndergroundWater - City220ElectricityWwt - SepticSecurity System Vacancy Rate Percent 40.00 Zoning C2-1

    Listing information © 2019 Prescott Area Association of Realtors, Inc.
    Listing provided courtesy of Matthew Fish of Sumner Commercial Real Estate.


    © 2019 Prescott Area Association of Realtors, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Mountain Properties. Data last updated: 2019-08-17T17:51:17.187.
     
    RE/MAX Mountain Properties
    5010 Bear Way
    Prescott AZ, 86301