$1,400,000

Estimated payment $8,272/month

-- Bed
-- Bath
9,884 Sq Ft
$142 Price per Sq Ft

Highlights

  • 1.18 Acre Lot
  • Cooling Available
  • Heat Pump System
  • Cottonwood Elementary School Rated 10
  • Concrete Flooring

About This Home

Great opportunity for office space leasing -
There are 13 Units, all rented except 3 currently.
Beautiful common area/courtyard between the offices with fountain and views of Mingus Mountain.
Cap rate is 4.9 . Plenty of parking. Great location for business owners!!

Listing Agent

Naomi McKeever

Arizona Adobe Group Realty License #BR046878000 Listed on: 10/31/2025

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $11,330

Year Built

  • Built in 1978

Lot Details

  • 1.18 Acre Lot
  • Property is zoned commercial

Home Design

  • 9,884 Sq Ft Home
  • Wood Frame Construction
  • Tile Roof
  • Stucco

Flooring

  • Carpet
  • Concrete

Parking

  • 10 Open Parking Spaces
  • 30 Parking Spaces
  • Public Parking
  • 20 Covered Spaces
  • Private Parking
  • Paved Parking

Utilities

  • Cooling Available
  • Heat Pump System

Listing and Financial Details

  • Assessor Parcel Number 406-42-073-M

Community Details

Overview

  • 6 Buildings

Building Details

  • Operating Expense $11,330
  • Gross Income $103,373
  • Net Operating Income $67,177

Property Details

Property Type

Other

Est. Annual Taxes

$11,330

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Cross Street: 7th ave and mingus
  • Legal Info Range: 3E
  • Property Type: Comm/Industry Sale
  • Zoning: commercial
  • Number Of Buildings: 6
  • Ownership: Other (See Remarks)
  • Stories: 1
  • Year Built: 1978
  • Tax Year: 2024
  • Lot Size Acres: 1.18
  • Structure Type: Office
  • Tax Parcel Letter: M
  • Water Source City Franchise: Yes
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Carpet, Concrete
  • Living Area: 9884.0

Exterior Features

  • Fencing: None
  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Wood Frame, Stucco
  • Roof: Tile, Rolled/Hot Mop
  • Construction:Frame - Wood2: Yes
  • Construction:Stucco2: Yes

Garage/Parking

  • Total Covered Spaces: 20.0
  • Parking Features: Parking Lot, Paved, Private
  • Attached Garage: No
  • Open Parking Spaces: 10.0
  • Total Parking Spaces: 30.0
  • General Property Description:Covered Parking Spcs: 20.0
  • General Property Description:Uncvrd Parking Spcs: 10.0
  • General Property Description:Total Parking Spcs: 30.0
  • Parking Features Paved Parking: Yes
  • Parking Features Private Parking: Yes
  • Parking Features Public Parking: Yes

Utilities

  • Electric: APS
  • Cooling: Heat Pump
  • Heating: Heat Pump
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Heat Pump2: Yes

Lot Info

  • Lot Size Sq Ft: 51400.0
  • Parcel #: 406-42-073-M

Multi Family

  • Annual Gross Income: 103373.3
  • Property Net Operating Income: 67177.0
  • Annual Operating Expense: 11330.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 11330.0
  • Tax Book Number: 406.00
  • Tax Lot: 0
  • Tax Map Number: 42.00

Map

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 List to Sale Price per Sq Ft
10/31/2025 10/31/25 For Sale $1,400,000 -- $142 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6941442

Arizona Regional Multiple Listing Service (ARMLS)