$6,995,000
$255K PRICE DROP

860 W Road 1 S Chino Valley, AZ 86323

Estimated payment $40,890/month

Total Views 5,143
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • 84 Car Attached Garage
  • Carpet
  • Heating System Uses Natural Gas
  • Central Air

About This Home

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.

Listing Agent

Karen Klabacha, CCIM

RealtyONEGroup Mountain Desert License #SA532438000 Listed on: 04/30/2025

RealtyONEGroup Mountain Desert

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $36,850

Year Built

  • Built in 2004

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Flooring

  • Carpet
  • Vinyl

Parking

  • 84 Car Attached Garage
  • 78 Open Parking Spaces
  • Over 1 Space Per Unit

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Individual Controls for Heating
  • Private Water Source
  • Well

Listing and Financial Details

  • Tax Lot 30629026X
  • Assessor Parcel Number 306-29-026-X

Community Details

Overview

  • 14 Buildings
  • 48 Units
  • Building Dimensions are 340' x 618'

Building Details

  • Operating Expense $135,155
  • Gross Income $611,050
  • Net Operating Income $475,895

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$36,850

Year Built

Built in 2004

Lot Details

0

Listing Details

  • Cross Street: Hwy 89 & Road 1 South
  • Property Type: Multiple Dwellings
  • Zoning: CL
  • Number Of Buildings: 14
  • Ownership: Fee Simple
  • Year Built: 2004
  • Tax Year: 2024
  • Directions: State Route 89 heading N into the town of Chino Valley, turn west (L) at Road 1 South. Approx 0.5 mile, property is on the right. Name of complex is Whispering Winds.
  • Road Surface Type: Private Street, Concrete
  • Garage Yn: Yes
  • Tax Parcel Letter: X
  • Cooling:Central Air: Yes
  • Roofing:Composition: Yes
  • Construction:Wood Frame: Yes
  • Water Source Domestic Well2: Yes
  • Water Source Private14: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other, Carpet, Vinyl
  • Appliances: Dishwasher, Refrigerator, Free-Standing Gas Oven, Washer/Dryer
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes

Exterior Features

  • Disclosures: Water Well Report, Seller Prop Disc Stm
  • Construction Type: Wood Frame, Stucco
  • Roof: Composition

Garage/Parking

  • Total Covered Spaces: 6.0
  • Parking Features: Paved, Add'l Parking Avail, Attached, >1 Space Per Unit
  • Attached Garage: Yes
  • Open Parking Spaces: 78.0
  • Total Parking Spaces: 84.0
  • General Property Description:Covered Parking Spcs: 6.0
  • General Property Description:Uncvrd Parking Spcs: 78.0
  • General Property Description:Total Parking Spcs: 84.0
  • Parking Features >1 Space Per Unit: Yes
  • Parking Features:Attached: Yes
  • Parking Features:Paved2: Yes
  • Parking Features:Garage: Yes

Utilities

  • Electric: APS, Individual Meter
  • Cooling: Central Air, Individual
  • Heating: Individual, Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: See Remarks, Domestic Well, Private
  • Heating:Natural Gas: Yes
  • Heating:Individual: Yes

Condo/Co-op/Association

  • Community Features: Other

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Vertical Blinds2: Yes
  • Exterior Amenities:Other (See Remarks)58: Yes
  • Exterior Amenities:Pet Restrictions: Yes

Lot Info

  • Lot Size: 340' x 618'
  • Additional Parcels: No
  • Parcel #: 306-29-026-X

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Number Of Units Total: 48
  • Annual Gross Income: 611049.6
  • Property Net Operating Income: 475895.0
  • Annual Operating Expense: 135155.0
  • Vacancy Allowance Rate: 0.02

Tax Info

  • Tax Annual Amount: 36850.0
  • Tax Book Number: 306.00
  • Tax Lot: 30629026X

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

Tax History

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
2026 $36,850 -- -- --
2024 $35,717 -- -- --
2023 $35,717 $836,501 $22,313 $814,188
2022 $35,137 $708,845 $16,442 $692,403
2021 $37,373 $740,680 $15,200 $725,480
2020 $35,190 $0 $0 $0
2019 $31,190 $0 $0 $0
2018 $16,726 $0 $0 $0
2017 $17,803 $0 $0 $0
2016 $18,227 $0 $0 $0
2015 -- $0 $0 $0
2014 -- $0 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/05/2025 08/05/25 Price Changed $6,995,000 -3.5% --
04/30/2025 04/30/25 For Sale $7,250,000 -- --
Source: Arizona Regional Multiple Listing Service (ARMLS)

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- None Available
Cash Sale Deed $235,000 Yavapai Title Agency
Warranty Deed $100,000 Capital Title Agency Inc
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $2,500,000 Construction
Closed $1,500,000 Unknown
Closed $1,233,000 Construction
Source: Public Records

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6860736

Arizona Regional Multiple Listing Service (ARMLS)

APN: 306-29-026X