NOT LISTED FOR SALE
-- Bed
-- Bath
14,970 Sq Ft
0.85 Acre Lot

Sale Details

Date Sold: May 12, 2021

Last sale price $3,100,000 $207 Per Sq Ft

36 Days on Market

Highlights

  • Fitness Center
  • 0.85 Acre Lot
  • Cafeteria
  • Phoenix Coding Academy Rated A
  • Community Kitchen
  • Elevator

About This Home

As of May 2021

Great opportunity in hospitality! Beautiful 35 room boutique hotel with spa services, fitness center/gym, managers apartment, Lobby with Gorgeous reception space and cafe/lounge (currently serving hot & cold drinks and repackaged snacks. Covid safe features include exterior breezeway corridors, individual ac units-no central filter system, no contact check in ability & more! -Renovation in 2016 converted this mason built office suite building w/two common restrooms into this hotel with Luxe touches! Extra parcel included in sale provides 46 total parking spaces: 23 covered, Access from two main roads and less than 2 miles from Sky Harbor! No franchise fees! Perfect for first time Innkeepers, owner/opporators or distant owners. Sale includes business, fixtures & real estate.

Last Agent to Sell the Property

Denise Pias

Blackbird Brokery License #BR525044000 Listed on: 05/08/2021

Last Buyer's Agent

Vern Johnson

Platinum First Realty License #SA572113000

Platinum First Realty

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $14,771

Year Built

  • Built in 1981

Lot Details

  • 37,069 Sq Ft Lot
  • Security Fence
  • Partially Fenced Property
  • Landscaped
  • Property is zoned C-2

Home Design

  • Metal Roof
  • Block Exterior

Interior Spaces

  • 14,970 Sq Ft Home
  • 2-Story Property
  • Ceiling height between 8 to 10 feet

Home Security

  • Alarm System
  • Security Lights
  • Fire and Smoke Detector
  • Fire Sprinkler System

Parking

  • 46 Parking Spaces
  • 23 Covered Spaces
  • Paved Parking
  • Open Parking

Utilities

  • Cooling System Mounted To A Wall/Window
  • Zoned Heating
  • Heat Pump System
  • Phone System

Additional Features

  • Accessible Entrance
  • ENERGY STAR Qualified Equipment

Listing and Financial Details

  • Tax Lot E
  • Assessor Parcel Number 125-18-043-E

Community Details

Overview

  • Building Dimensions are multiples/irregular shape

Amenities

  • Community Kitchen
  • Meeting Room
  • Cafeteria
  • Elevator
  • Private Restrooms
  • Reception Area

Recreation

  • Fitness Center

Building Details

  • Operating Expense $232,387
  • Gross Income $644,390
  • Net Operating Income $296,500

Property Details

Property Type

Other

Est. Annual Taxes

$14,771

Year Built

Built in 1981

Lot Details

0.85 Acres

Listing Details

  • Cross Street: 44th St and McDowell Rd.
  • Property Type: Comm/Industry Sale
  • Zoning: C-2
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1981
  • Tax Year: 2020
  • Lot Size Acres: 0.85
  • Road Surface Type: Asphalt
  • Professional Management Expense: 44000.0
  • Structure Type: Commercial, Other (See Remarks)
  • Tax Parcel Letter: E
  • Cooling:Cooling: Office A/C, Other, Window/Wall Unit, ENERGY STAR Qualified Equipment, See Remarks
  • Road Surface Type:Road Surface Type: Asphalt
  • Electric:Electric: SRP
  • FreewayHighway: Up to 1 Mile
  • Ceiling Height: 8.1 Feet to 10 Feet
  • Building Features: Public Elevator(s), Accessible Entrance, Conference Room, Exercise Room, Reception Room, Clean Room, Cafeteria, Kitchen, Other (See Remarks)
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Living Area: 14970.0
  • Interior Features:Interior Features: Finished, Fire Sprinklers, Smoke Detector(s), Security System, Security Light(s), Security Camera(s), Alarm System, Phone System, Private Restrooms, Other (See Remarks)
  • Stories: 2 Stories

Exterior Features

  • Fencing: Other, Partial, Security
  • Disclosures: Seller Prop Disc Stm, Other (See Remarks)
  • Construction Type: Block
  • Roof: Other, Metal
  • Exterior: Dual Street Ftg, Landscaping, Building Sign, Security Light(s), Security Camera(s), Other (See Remarks), Curb(s) & Gutter(s), Sidewalk(s)

Garage/Parking

  • Total Covered Spaces: 23.0
  • Parking Features: Open, Private, Paved, Other
  • Attached Garage: No
  • Open Parking Spaces: 23.0
  • Total Parking Spaces: 46.0

Utilities

  • Electric: SRP
  • Cooling: Office A/C, Other, Window/Wall Unit, ENERGY STAR Qualified Equipment, See Remarks
  • Heating: Other, Heat Pump, Zoned, See Remarks
  • Security: Fire Sprinklers, Smoke Detector(s), Security System, Security Light(s), Security Camera(s), Alarm System
  • Green Building Features: Public Elevator(s), Accessible Entrance, Conference Room, Exercise Room, Reception Room, Clean Room, Cafeteria, Kitchen, Other (See Remarks)
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Gas:Gas: Other (See Remarks)

Lot Info

  • Lot Size: multiples/irregular shape
  • Lot Size Sq Ft: 37069.0
  • Parcel #: 125-18-043-E

Multi Family

  • Electric Expense: 30868.0
  • Annual Gross Income: 644390.0
  • Insurance Expense: 3609.0
  • Maintenance Expense: 20936.0
  • Property Net Operating Income: 296500.0
  • Annual Operating Expense: 232387.0
  • Leasable Area: 14463.0

Tax Info

  • Tax Annual Amount: 14771.0
  • Tax Book Number: 125.0
  • Tax Lot: E
  • Tax Map Number: 18.0
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
05/12/2021 05/12/21 Sold $3,100,000 -3.0% $207 / Sq Ft
05/08/2021 05/08/21 For Sale $3,195,000 0.0% $213 / Sq Ft
05/08/2021 05/08/21 Price Changed $3,195,000 0.0% $213 / Sq Ft
03/01/2021 03/01/21 Price Changed $3,195,000 0.0% $213 / Sq Ft
11/24/2020 11/24/20 Pending -- -- --
10/19/2020 10/19/20 For Sale $3,195,000 -- $213 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2023 $14,391 $324,105 $42,279 $281,826
2022 $14,391 $298,918 $37,590 $261,328
2021 $13,004 $283,608 $19,584 $264,024
2020 $12,764 $280,512 $15,750 $264,762
2019 $12,715 $271,476 $15,984 $255,492
2018 $11,977 $260,802 $13,536 $247,266
2017 $11,473 $216,702 $12,528 $204,174
2016 $11,225 $119,268 $11,610 $107,658
2015 $10,828 $77,645 $16,262 $61,383
Source: Public Records

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6150495

Arizona Regional Multiple Listing Service (ARMLS)
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