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$650,000
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Property Description
CASH COW! up to 9.4% + CAP. SELLER SAYS NO COVID RENT ISSUE HERE...EVERYONE IS PAYING! This well kept multi tenant building has three addresses 11116,11124,11132 W California Ave., just off of 111th Ave in Youngtown. Some tenants have been here 20+ years! Seller say everyone pays on time! Rents could be higher! Very well kept building. Even with one vacancy the CAP is 8%. Filling the one vacancy would bring the CAP up to about 9.4%. All other suites are currently occupied by various businesses. Monument signs at front east side. All suites exit to 47 parking spots. Annual ''other expenses'' are all utilities. EXCELLENT CAP RATE. SHOWINGS ONLY PERMITTED WITH ACCEPTED OFFER AND BUYER PROOF OF FUNDS or PREQUAL FROM LENDER.
Full Property Details
Full Property Details for 11116 W California Ave
General
- Sold For: $650,000
- Taxes: $10,565
- Status: Closed
- Type: Office
- Source: ARMLS_Arizona_MLS_Phoenix_Area
- MLS ID: 6115899
- Added to Site: 2, 032 day(s) ago
Interior
- Interior Features: Finished, Finished to Suit, Private Restrooms, Smoke Detector(s)
- Flooring: Ceramic Tile, Concrete, Vinyl/Composition
Exterior
- Exterior Features: Monument Sign, Security Lighting
Parking
- Total Spaces: 47
- Parking Type: Free, Paved Parking, Public Parking
Location
- County: Maricopa
- Complex: Cash Cow
- Cross Streets: 111th Ave & Grand
- Driving Directions: South On 111th Ave to California and west to building on the right. California Suites.
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Gas
Utilities
- Gas: Individual Meter, SW Gas
- Sewer: Private Sewer
- Water: Private Franchise
Structural Information
- Construction: Block, Stucco
- Roof: Built-Up
- Ceiling Height: 8 Feet or Less
- Stories Description: 1 Story
- Square Feet: 9,690
- Current Bldg. Use: Medical/Dental, Mixed Use, Office, Service Business
- Year Built: 1979
Lot Features
- Street/Road Desc.: Alley, Asphalt, Curb(s) & Gutter(s)
- Zoning: C-1
- Fencing (Description): Block, None
Financial Considerations
- Operating Expenses: $31,385
- Tax Amount: $10,565
Disclosures and Reports
- Ownership: Fee Simple
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Schools
Schools serving 11116 W California Ave
School District:Peoria Unified School District
| Name | Grades | Distance |
|---|---|---|
Country Meadows Elementary School 8409 North 111th Avenue, Peoria, AZ 85345 | K-8 | 2.7 mi |
Raymond S. Kellis 8990 West Orangewood Avenue, Glendale, AZ 85305 | 9-12 | 4.3 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 11116 W California Ave
Date
Details
Price
Change
Source
4/07/2021
Sold
$650,000
-3.7%
MLS
8/11/2020
Listed
$675,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
11116 W California Avenue, Youngtown, AZ 85363 (MLS# 6115899) is a Office property that was sold at $650,000 on April 07, 2021. This property was listed by Tom Ross from our Phoenix/Paradise Valley Office.Want to learn more about 11116 W California Avenue? Do you have questions about finding other Office real estate for sale in Youngtown? You can browse all Youngtown real estate or contact a Coldwell Banker agent to request more information.


