NOT LISTED FOR SALE

119 Palo Verde Ave Quartzsite, AZ 85346

-- Bed
-- Bath
5,511 Sq Ft
2.07 Acres

Last Sold January 04, 2021

Last sale price $710,000 $129 Per Sq Ft

2 Days on Market

Highlights

  • Wood Flooring
  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Natural Gas

About This Home

As of January 2021

Money Making Machine! Park Grossed $508K in 2019. Even More in 2020. Net to the Owner Exceeded $190K in 2019. More in 2020. Why? The Seller OWNS (33) Trailers of the (37) Full Hook-Up Oversized Parking Stalls that Rent for $400 per Month. Plus the Seller has (2) Apartments on the Premises that are Constantly Occupied. In Addition, there is a Coffee Shop/Smoothie Bar, Thrift Store and Food Trailer that are Rented. The Seller Occupied a Nice (2) Bedroom (1) Bath Home on the Property that could be Occupied by a New Owner or Park Manager. If that isn't enough, the Park offers a 2-Driveway Pullup for Propane Gas. Seller Sold about 200,000 Gallons of Propane in 2019! Also Charges to Deliver Gas. Seller May Carry Up to $400K OAC at Prime Plus 2% on a 5-Year Term. Won't Last Long.

Last Agent to Sell the Property

Jon Beydler

Citypoint Arizona LLC License #BR543141000 Listed on: 12/02/2020

Co-Listed By

Paul Bigley

Valley of the Sun Real Estate License #SA681501000

Last Buyer's Agent

Jon Beydler

Valley of the Sun Real Estate License #BR543141000

Property Details

Property Type

  • Other

Year Built

  • Built in 1964

Lot Details

  • 2.07 Acre Lot
  • Wire Fence
  • Property is zoned Commercial

Home Design

  • 5,511 Sq Ft Home
  • Wood Frame Construction
  • Built-Up Roof
  • Foam Roof
  • Block Exterior
  • Stucco

Flooring

  • Wood
  • Carpet
  • Concrete
  • Vinyl

Parking

  • 37 Open Parking Spaces
  • 37 Parking Spaces

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Natural Gas
  • 220 Volts
  • Well

Listing and Financial Details

  • Tax Lot 10
  • Assessor Parcel Number 306-23-031-C

Community Details

Overview

  • 2 Buildings
  • Cowell Subdivision

Building Details

  • Operating Expense $446,616
  • Gross Income $508,757
  • Net Operating Income $62,160

Property Details

Property Type

Other

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Cross Street: Main Street & Palo Verde
  • Legal Info Range: 04N
  • Property Type: Comm/Industry Sale
  • Zoning: Commercial
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1964
  • Tax Year: 2019
  • Directions: Interstate 10 West to Exit 19 (Riggles Road). North to Main Street. West on Main Street. Patties RV Park on NEC of Main Street & Palo Verde Drive.
  • Lot Size Acres: 2.07
  • Road Surface Type: Gravel, Dirt, Asphalt
  • Co List Office Mls Id: vlly01
  • Co List Office Phone: 480-600-6001
  • Subdivision Name: COWELL
  • Structure Type: Commercial
  • Tax Parcel Letter: C
  • Electric 220: Yes
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Carpet, Vinyl, Wood, Concrete
  • Living Area: 5511.0

Exterior Features

  • Fencing: Wire
  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Frame - Wood, Stucco, Block
  • Roof: Built-Up, Foam
  • Construction:Block: Yes
  • Construction:Frame - Wood2: Yes
  • Construction:Stucco2: Yes

Garage/Parking

  • Parking Features: Fee
  • Attached Garage: No
  • Open Parking Spaces: 37.0
  • Total Parking Spaces: 37.0
  • General Property Description:Uncvrd Parking Spcs: 37.0
  • General Property Description:Total Parking Spcs: 37.0

Utilities

  • Electric: 220 Volts, Individual Meter, Master Meter, APS
  • Cooling: Window/Wall Unit, Office Evap
  • Heating: Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Domestic Well
  • Heating:Natural Gas: Yes
  • Electric Master Meter: Yes

Fee Information

  • Annual Fuel Expense: 214352.57
  • Trash Expense: 1362.48
  • Annual Water Sewer Expense: 15250.63
  • Parking Fee: Yes

Lot Info

  • Lot Size Sq Ft: 90089.0
  • Parcel #: 306-23-031-C
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Electric Expense: 28867.0
  • Annual Gross Income: 508757.42
  • Insurance Expense: 3381.12
  • Maintenance Expense: 3654.76
  • Property Net Operating Income: 62159.67
  • Annual Operating Expense: 446615.75
  • Leasable Area: 2000.0

Tax Info

  • Tax Annual Amount: 18.0
  • Tax Book Number: 306.00
  • Tax Lot: 10
  • Tax Map Number: 23.00

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/04/2021 01/04/21 Sold $710,000 0.0% $129 / Sq Ft
12/04/2020 12/04/20 Pending -- -- --
12/02/2020 12/02/20 For Sale $710,000 -- $129 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6166779

Arizona Regional Multiple Listing Service (ARMLS)

APN: R0048332