860 W Road 1 South Active Save Request In-Person Tour Request Virtual Tour
Chino Valley,AZ 86323
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1072844
HOA Y/N false
Year Built 2004
Annual Tax Amount $38,319
Tax Year 2025
Lot Size 4.820 Acres
Acres 4.82
Source paar
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. Actual cap rate of 5.98% can easily be increased to 6.34% by increasing below market rental leases expiring 2/28/26 to market rental rates. Seller Carryback with 50% down payment.
Location
State AZ
County Yavapai
Interior
Heating Forced - Gas,Natural Gas
Cooling Ceiling Fan(s),Central Refriger,Gas
Flooring Carpet,Laminate,Vinyl
Exterior
Exterior Feature Fence,Laundry Facilities,Balcony,Storage,Sprinkler/Drip
Utilities Available Cable Available,Electricity Available,Individual Meter,Natural Gas Available,Underground Utilities,WWT - City Sewer
Roof Type Asphalt
Building
Structure Type Frame,Stucco
Others
Acceptable Financing 1031 Exchange,Balloon,Cash,Conventional,Other - See Remarks,Submit
Listing Terms 1031 Exchange,Balloon,Cash,Conventional,Other - See Remarks,Submit