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    904 W Main Street

    Quartzsite, AZ 85346
    • $599,000
    • STATUS: Active
    • ON SITE: 70 days
    • MLS #: 6172812
    UPDATED: 72 min ago
    $599,000
    • 0
      BEDS
    • 1.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,500
      SQFT
    • $92
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    2008
    County:
    Area:

    School Ratings & Info

    Description

    20 CAP for an Absentee Owner! Recently Remodeled 10-Unit Motel and Restaurant located on Main Street in World Famous Quartzsite, AZ - Home of the World's Largest Rock and Gem Show Each Winter. The 1-Acre Property also comes with a Nice Modular Home with a Garage. Could be Used for Rental Income, a Manager or an Owner Operator. Total Bldg Square Footage Exceeds 6,000sf. 2019 Gross Income was $146,285. Net Profits were $77,456 + $3,300 Each Month for Owner Debt Service of Previous Owner Carry Back. 2020 thru 7/31 Gross Income was $77,577 with Net Profits running $38,154 + the $3,300.00 for Debt Service. Gross Payroll for 2019 was $20,343. Restaurant Operated by 3rd Parties & Rents for $2K/mo. $200K in Equipment that Conveys with Sale. Owner is Also Open to a Small Carry Back.

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    © 2021 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 The Riddle Group | eXp Realty. Data last updated 2021-02-27T10:14:09.917.
    www.cavecreekareahomes.com/homes/112710861
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    904 W Main Street Quartzsite, AZ 85346

    • Price: $599,000
    • Status: Active
    • Updated: 72 min ago
    • MLS #: 6172812
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.14
    Acres
    6,500
    SQFT
    $92
    $/SQFT
    2008
    Built
    Neighborhood:
    Kuehn Park
    County:
    La Paz
    Area:
    Quartzsite
    Property Description
    20 CAP for an Absentee Owner! Recently Remodeled 10-Unit Motel and Restaurant located on Main Street in World Famous Quartzsite, AZ - Home of the World's Largest Rock and Gem Show Each Winter. The 1-Acre Property also comes with a Nice Modular Home with a Garage. Could be Used for Rental Income, a Manager or an Owner Operator. Total Bldg Square Footage Exceeds 6,000sf. 2019 Gross Income was $146,285. Net Profits were $77,456 + $3,300 Each Month for Owner Debt Service of Previous Owner Carry Back. 2020 thru 7/31 Gross Income was $77,577 with Net Profits running $38,154 + the $3,300.00 for Debt Service. Gross Payroll for 2019 was $20,343. Restaurant Operated by 3rd Parties & Rents for $2K/mo. $200K in Equipment that Conveys with Sale. Owner is Also Open to a Small Carry Back.
    Exterior Features

    Construction BlockFrame - Wood Covered Parking Spaces 0.00 Exterior Features Building SignMonument SignSecurity Camera(S)Security Light(S) Fencing None Freeway Highway Up To 1 Mile Parking FreePaved ParkingPublic Parking Roads AsphaltGravel Roofing Built-UpFoam Stories 2 Stories Total Parking Spaces 0.00 Uncovered Parking Spaces 0.00

    Interior Features

    Ceiling Height 8 Feet Or Less8.1 Feet To 10 Feet Cooling Central A/C Flooring CarpetCeramic Tile Heating Electric Interior Features Alarm SystemFinishedPhone SystemPrivate RestroomsSecurity Camera(S)Security Light(S)Security SystemSmoke Detector(S)

    Property Features

    Adjusted Gross Inc 131656.50 Annual Other Expense 68829.00 Building Type Commercial Cross Street Interstate 10 & Exit 19 Current Use RestaurantSee RemarksService Business Electric Aps Gas Propane Bottled Gross Annual Sch Inc 146285.00 Hoa Fee 0.00 Hoa YN No Loading Facilities None Lot Number 3 Net Operating Income 77456.00 Operating Exp 82858.00 Other Income 0.00 Ownership Fee Simple Sewer Sewer - Public Source Of Financial Data Provided By Owner Taxes 14029.00 Traffic Count Up To 5000 Use Restrictions Existing Easement(S) Vacancy Allowance 0.10 Water City Franchise Zoning Commercial

    Listing courtesy of Valley Of The Sun Real Estate.


    © 2021 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 The Riddle Group | eXp Realty. Data last updated 2021-02-27T10:14:09.917.
     
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    The Riddle Group | eXp Realty
    4524 E. Rancho Laredo Dr.
    Cave Creek AZ, 85331