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Sold for $850,000 Sold

1880 Holly Ave
Lake Havasu City, AZ 86403

7 units |
10,016 sq ft;
lot: 1.17 acres
Commercial: Light Industrial - MLS# 1005955
Property Photo

Sold

Sold for $850,000 on Jun 14, 2019

Description

Two buildings investment property. Front building plus 6 unit rear building with overhead doors and small office. All units presently leased . Current Cap rate 6.3% - Projected Cap Rate 7.2%. First time on market. Large fenced yard. First class condition - no deferred maintenance here!

Features

  • Airport Name: Lake Havasu City
  • Annual Costs: Annual Electric: 720.00
  • Annual Costs: Annual Insurance: 1908.00
  • Annual Costs: Annual Maintenance: 1576.00
  • Annual Costs: Annual Net Income: 70200.00
  • Annual Costs: Annual Water: 1938.00
  • Annual Costs: Cap Rate %: 6.30
  • Annual Costs: NOI: 53456.00
  • Approx Unit SqFt: 1200.00
  • Builder Name: Burroughs & Sons
  • Building Stories: 1.0
  • Construction: Steel Frame
  • Cooling: Evaporative Cooling, Electric
  • County/Area: Mohave County
  • Directions: Lake Havasu Avenue N to Holly.
  • Distance (Mi.) to Airport: 5.00
  • Distance (Mi.) to Highway: 0.50
  • Electric/Gas: Electric Available, Separate Meters
  • Fencing: Back Yard, Chain Link, Cross Fence
  • Front Exposure: North
  • Highway Name: Sr 95
  • Interior Flooring: Finished Concrete
  • Listing Status: Closed
  • Lot Dimensions: 117x344.x119.x214.x215
  • Lot Size: 1.1700
  • Lot SqFt: 51139.00
  • Multi-Tenant Building: Yes
  • Owner Pays: Exterior Maintenance, External Repairs, Fire Insurance, Taxes, Roof Maintenance, Sewer, Water
  • Parking: 16-20 Spaces
  • Property Type: Commercial
  • Roofing: Metal
  • Sewer: City
  • Site Description: Paved Road
  • Sold Date: 2019-06-14
  • Sold Price: 850000.00
  • Sq.Ft.: 10016
  • SqFt Source: Owner
  • Sub Type: Light Industrial
  • Subdivision: Lake Havasu City
  • Subdivision/Neighborhood: Lake Havasu City
  • Tenant Pays: Insurance, Trash Collection
  • Total Buildings: 2
  • Twp: 13N
  • Unit 1: Annual/Monthly: Monthly
  • Unit 1: ID: Bldg A
  • Unit 1: Rent: 1600.00
  • Unit 1: SqFt: 2900.00
  • Unit 1: Tenant: Yes
  • Unit 2: Annual/Monthly: Monthly
  • Unit 2: ID: 101/102
  • Unit 2: Rent: 1600.00
  • Unit 2: SqFt: 2400.00
  • Unit 2: Tenant: Yes
  • Unit 3: Annual/Monthly: Monthly
  • Unit 3: ID: 103
  • Unit 3: Rent: 750.00
  • Unit 3: SqFt: 1200.00
  • Unit 3: Tenant: Yes
  • Unit 4: Annual/Monthly: Monthly
  • Unit 4: ID: 104
  • Unit 4: Rent: 500.00
  • Unit 4: SqFt: 1200.00
  • Unit 4: Tenant: Yes
  • Unit 5: Annual/Monthly: Monthly
  • Unit 5: ID: 105/106
  • Unit 5: Rent: 1400.00
  • Unit 5: SqFt: 2400.00
  • Unit Level: Ground
  • Units: 7
  • Use Type: Auto Service, Mixed, Warehouse w/office
  • Water: City
  • Year Built: 2008
  • Zip Code: 86403
  • Zoning: LI Light Industrial

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Don Clark   |   Lake Havasu Real Estate   |   928-486-7701   |   Donclark@brooks-clark.com
Copyright © 2015. Don Clark, All Rights Reserved

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