$1,004,000
Payson, AZ 85541
MLS# 5947047
Status: Closed
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Property Description
Great investment opportunity that requires very little management. The property has virtually no vacancies with a waiting list of potential clients. There is a security fence around the whole property. The 5th wheel trailer serves as the office. Current manager comes with the property. Where else can you find an investment property that has an 8% cap rate that requires next to no maintenance? LISTING AGENT MUST BE PRESENT TO SHOW. DO NOT DISTURB CURRENT MANAGER.
Details
Maps
Documents
Contract Info
Ownership: Fee Simple
Current Price: $1,004,000
Sold Price: $1,004,000
Status: Closed
List Date: 2019-06-26
Location, Tax & Legal
Assessor's Map #: 77
Assessor's Parcel #: 18
Add'l Parcels: No
Tax Municipality: Payson
Taxes: 3674.36
Legal: Lot 18, Sky Park Industrial
Map Code/Grid: C71
House Number: 1500
Compass: W
Street Name: Red Baron
St Suffix: Road
City/Town Code: Payson
State/Province: AZ
Zip Code: 85541
County Code: Gila
Subdivision: Sky Park Industrial
Assessor Number: 302-77-018
Tax Year: 2018
General Property Description
Ttl Apx SqFt Bldg: 0
Ttl Apx Net Rnt Spc: 100
# of Buildings: 0
Year Built: 1996
Zoning: M-1
Construction
Other: 1
Roofing
Other: 1
Floors
Other: 1
Income & Expenses
Annual Elec Exp: 0
Annual Gas Exp: 0
Annual Ins Exp: 0
Annual Land Lse Exp: 0
Annual Landscape Exp: 0
Annual Legal & Acctg: 0
Annual Maint Exp: 0
Annual Mgmt Exp: 0
Annual Trash Exp: 0
Annual Wtr/Swr Exp: 0
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Annual Other Expense: 0
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 0
Building Type
Other (See Remarks): 1
Business Type
Storage: 1
Stories
1 Story: 1
Pmt & Rate Info
Down Payment: 0
Equity: 944000
Total Owed: 0
Assessment Balance: 0
Showing Notification Methods
Phone Call: 1
Lockbox Type
None: 1
Ceiling Height
8 Feet or Less: 1
8.1 Feet to 10 Feet: 1
10.1 Feet to 12 Feet: 1
12.1 Feet to 14 Feet: 1
14.1 Feet to 16 Feet: 1
Heating
Natural Gas: 1
Office Heated: 1
Cooling
Office A/C: 1
Loading Facilities
None: 1
Exterior
Storage Yard: 1
Security Light(s): 1
Security Camera(s): 1
Source of Fincl Data
Owner: 1
Fencing
Chain Link: 1
Water Source
City Franchise: 1
Sewer
Sewer-In & Connected: 1
Parking Features
Other: 1
Electric
APS: 1
Individual Meter: 1
Gas
Propane Bottled: 1
Other (See Remarks): 1
New Financing
Cash Only: 1
Other (See Remarks): 1
Existing 1st Loan
Treat as Free&Clear: 1
Existing 2nd Loan
Treat as Free&Clear: 1
Existing 3rd Loan
Treat as Free&Clear: 1
Reports/Disclosures
Seller Prop Disc Stm: 1
Environmental
None: 1
Existing Othr Ln Trm
Not Applicable: 1
Sold Info
Loan Type: Cash
Payment Type: Fixed
Clsing Cost Split: Normal - N
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 0
Seller Concession $/%: $
Remarks Misc
Directions: Hwy 87 north to Airport Rd, turn left on Airport Rd, go past airport to Earhart, turn right to Red Baron, turn right on Red Baron to property on left.
Geo Lat: 34.2527
Geo Lon: -111.352419
Status Change Info
Off Market Date: 2019-07-19
Under Contract Date: 2019-07-06
Close of Escrow Date: 2019-09-10
Sold Price: $1,004,000
Legal Info
Lot Number: 18
Property Features
Building Type: Other (See Remarks)
Business Type: Storage
Stories: 1 Story
Construction: Other
Roofing: Other
Floors: Other
Ceiling Height: 8 Feet or Less; 8.1 Feet to 10 Feet; 10.1 Feet to 12 Feet; 12.1 Feet to 14 Feet; 14.1 Feet to 16 Feet
Heating: Natural Gas; Office Heated
Cooling: Office A/C
Loading Facilities: None
Exterior: Storage Yard; Security Light(s); Security Camera(s)
Fencing: Chain Link
Parking Features: Other
Electric: APS; Individual Meter
Gas: Propane Bottled; Other (See Remarks)
Water Source: City Franchise
Sewer: Sewer-In & Connected
New Financing: Cash Only; Other (See Remarks)
Showing Notification Methods: Phone Call
Lockbox Type: None
Source of Fincl Data: Owner
Existing 1st Loan: Treat as Free&Clear
Existing 2nd Loan: Treat as Free&Clear
Existing 3rd Loan: Treat as Free&Clear
Existing Othr Ln Trm: Not Applicable
Environmental: None
Agency 
Listing Office: ERA-Young Realty & Investment
Last Updated: September - 19 - 2019
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