4305 E AZ Hwy 260, Star Valley, AZ 85541 (MLS# 88192)
$1,600,000
Star Valley, AZ 85541
MLS# 88192
11070 sqft
1 / 30
Property Description
Rare opportunity to own a storage facility in the Payson area. There are currently 3 apartments, 30 RV/Vehicle parking spaces, 1 storage unit that is 1500 sq. feet, 1 office that is 330 sq. feet with bathroom, plus 45 individual storage units. When fully occupied, rent coming in is approximately $11,500 per month. Current owner is Netting over $114,000 a year. Plenty of room to add additional storage units. 7% return on Investment.
Details
Documents
Contract Information
Property Sub-Type: Business & Real Estate
List Price: $1,600,000
Current Price: $1,600,000
List Price/SqFt: 144.53
List Date: 2023-04-03
List Type: Exclusive ARS
Foreclosure: No
Sale/Lease: Sale
Location, Tax & Legal
Street #: 4305
Direction: E
Street Name: AZ Hwy 260
State: AZ
Zip Code: 85541
Area: Star Valley
Sub Code: Unsubdivided
County: Gila
Zoning: Commercial
Taxes: 6839.18
Tax Year: 2022
Assessor's Book #: 302
Assessor's Map #: 57
Assessor's Parcel #: 038
Assessor's Parcl Ltr: C
APN #: 302-57-038C
HOA: No
Legal Description: Parcel B of ROS 1562 in Sec 32 T11N R11E; = 1.37AC M/L (out of 302-57-038A)
General Property Description
Acres: 1.37
Lot Dimensions: Irregular
# Parking Spaces: 6
Apx SqFt: 11070
Year Built: 1986
Land Size: 59677
Building Size: 11070
# of Tenants: 25 - 50
Remarks & Misc
Directions: Hwy 260 East to Star Valley. Property just before Steve Coury Ford. There is a sign for storage units ''Rim 260 Storage''.
Status Change Info
Status: Active
Income/Sales Info
Net Operating Income: CLO
Cap Rate: 5 - 7.9%
Down Payment: CLO
Gross Sales: 130000
Improvements: CLO
Loan Info
1st Assumable: No
Accelerate: No
Must Qualify: No
Utilities Available
N/A - Other: 5 meters 3 Aptmts
Property Features
Location: Highway Front
Type/Style: Two Story
Lot/Street Improvem.: Gutters; Sidewalks; Unpaved Parking; Blacktop Street; Gravel Street
Construction: Wood Frame; Block
Siding: Wood
Roof: Metal
Property Features: Corners Marked
Exterior Features: Panoramic Views; View of Mountains; View of Town; Storage Units
Interior Features: Smoke Detectors; Refrigerator; Living Quarters; Laundry Room
Floor Type: Wood; Slab
Floor Covering: Carpeting; Wood; Vinyl; Concrete
Cooling: Evaporative; Window Unit
Heating: Propane
Utilities Available: Electricity; Propane Tank Incl; Co-Op Well; Septic Tank Installed; Telephone; Cable TV/Satellite; Internet Hook Up; Trash; Underground Util
Possession: At Close of Escrow
Tenant Pays: Electric; Cable TV/Satellite
Owner May Sell/Terms: Cash; Conventional; OWC/OMC; Submit
Documents on File: SPDS; Plat Map; Current Profit/Loss; Balance Sheet
Exist. Finance Fees: Free & Clear
Management: Owner/Family
Form of Ownership: Corporation
Sale Price Includes: Business; Building; Fixtures; Training; Business Trade Name
Avg Room Rent/Night: 0 - 40
Training: One Month
Occupancy: Totally Leased
SPDS 
Listing Office: ERA YOUNG REALTY-PAYSON
Last Updated: May - 15 - 2023
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