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860 W Road 1 South, Chino Valley, AZ 86323
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$6,995,000
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Home Details for 860 W Road 1 South
Price
$6,995,000
Type
Multi Family
Year Build
2004
County
Yavapai
Tax
$38,319
Listing #
6860736
On exitrealty.com
195 days
Listing Courtesy: RealtyONEGroup Mountain Desert - 928-440-2522
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. Current actual cap rate is 5.98% and can easily be increased to 6.34% by increasing below market rent leases expiring 2/28/26 to current market rents.
Seller Carryback possible with 50% down payment.
- Water Features
- Private
- See Remarks
- Well
- Parking
- Paved
- Attached
- Cooling Information
- Central Air
- Heating Information
- Natural Gas
- Garage
- 1
Last Updated: 2025-10-22 13:30:36
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$6,995,000
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