3514 N Power Road , #104

    Mesa, AZ 85215
    • $349,000
    • STATUS: Active
    • ON SITE: 338 days
    • MLS #: 5766590
    UPDATED: 49 min ago
    $349,000
    • 0
      BEDS
    • 0.03
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 1,200
      SQFT
    • $291
      $/SQFT
    Type:
    Commercial
    Built:
    2006
    County:
    Area:

    School Ratings & Info

    Description

    Great investment opportunity 6.78% CAP RATE. More stable than a residential property. Consistent 100% occupancy with a waiting list that will insure ability for annual rent increases. Office condo is divided into 5 executive offices with common area of reception, kitchenette, hallway and bathroom. Each office is rented separately to an individual tenant. Zoned for general or medical office. Each office is plumbed for water to install a sink if needed and there is a washer/dryer hookup in the utility room. Very minimal management required.

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    © 2019 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than Riddle Realty. Data last updated 2019-04-19T22:11:34.693.
    www.cavecreekareahomes.com/homes/83614579

    3514 N Power Road , #104 Mesa, AZ 85215

    • Price: $349,000
    • Status: Active
    • Updated: 49 min ago
    • MLS #: 5766590
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.03
    Acres
    1,200
    SQFT
    $291
    $/SQFT
    2006
    Built
    Neighborhood:
    Red Mountain Village Office Suites Condominium
    County:
    Maricopa
    Area:
    Mesa
    Property Description
    Great investment opportunity 6.78% CAP RATE. More stable than a residential property. Consistent 100% occupancy with a waiting list that will insure ability for annual rent increases. Office condo is divided into 5 executive offices with common area of reception, kitchenette, hallway and bathroom. Each office is rented separately to an individual tenant. Zoned for general or medical office. Each office is plumbed for water to install a sink if needed and there is a washer/dryer hookup in the utility room. Very minimal management required.
    Exterior Features

    Construction Wood/FrameStucco Covered Parking Spaces 1.00 Exterior Features Building Sign Fencing Partial Freeway Highway Up To 1 MileAccess Parking FreePublic ParkingPrivate Parking Roads Asphalt/Blacktop Roofing Foam Stories 1 Story Total Parking Spaces 5.00 Uncovered Parking Spaces 4.00

    Interior Features

    Amenities Reception RoomKitchen Ceiling Height 10.1 Feet To 12 Feet Cooling Central A/C Flooring Concrete Heating Electric Interior Features FinishedAlarm SystemFire Sprinklers

    Property Features

    Adjusted Gross Inc 30000.00 Annual Elec Exp 1500.00 Annual Gas Exp 0.00 Annual Ins Exp 572.00 Annual Land Lse Exp 0.00 Annual Landscape Exp 0.00 Annual Legal And Acctg 300.00 Annual Maint Exp 500.00 Annual Mgmt Exp 0.00 Annual Other Expense 0.00 Annual Rplcmnt Rsrvs 0.00 Annual Trash Exp 0.00 Annual Wtr Swr Exp 0.00 Auction No Building Type Office Cross Street 202 Red Mountain Freeway & Power Rd Current Use Medical/DentalOffice Electric Srp Gas None Gross Annual Sch Inc 30000.00 Hoa Fee 2448.00 Hoa YN Yes Loading Facilities None Lot Number 104 Net Operating Income 23000.00 Operating Exp 7294.00 Other Income 0.00 Ownership Fee Simple Pad Fee 0.00 Sewer Sewer - Public Source Of Financial Data Provided By Owner Taxes 1974.00 Vacancy Allowance 0.00 Water City Franchise Zoning C-G

    Listing courtesy of Realty One Group.


    © 2019 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than Riddle Realty. Data last updated 2019-04-19T22:11:34.693.
     
    Riddle Realty
    4524 E. Rancho Laredo Dr.
    Cave Creek AZ, 85331