4850 S Mountain Road

    Show Low, AZ 85901
    • $4,000,000
    • STATUS: Active
    • ON SITE: 15 days
    • MLS #: 5997749
    $4,000,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    2000
    County:
    Area:

    School Information

    Elementary School:
    Middle School:
    High School:
    School District:

    Description

    Mountain Top Village offers a rare opportunity to acquire a Market Rate property in an area comprisedmainly of Affordable Housing (LIHTC), thereby appealing to the large number of residents who earn above the local income average. This area has experienced significant growth since the property was constructed, however construction of Market Rate housing has not kept up with the demand, possibly contributing to the very high area occupancy rate. 2000 Construction 36 Units / 994 SF Average Unit Size Great Unit Mix for Submarket (1, 2 & 3BR Floor Plans) All Units Individually Metered for Gas & Electric, w/ Individual HVAC Systems Full Size Washer-Dryer in Each Apt. 30 Garages Located on Hwy 260, Directly Across from Summit Halthcare.

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    © 2019 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than The Kenny Klaus Team | Keller Williams Integrity First. Data last updated 2019-11-13T00:11:35.44.
    www.klausteam.com/homes/100354810

    4850 S Mountain Road Show Low, AZ 85901

    • Price: $4,000,000
    • Status: Active
    • MLS #: 5997749
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    2000
    Built
    Neighborhood:
    City Of Show Low
    County:
    Navajo
    Area:
    Show Low
    Elementary School:
    Out Of Maricopa Cnty
    Middle School:
    Out of Maricopa Cnty
    High School:
    Out of Maricopa Cnty
    School District:
    000 - Out of Area
    Property Description
    Mountain Top Village offers a rare opportunity to acquire a Market Rate property in an area comprisedmainly of Affordable Housing (LIHTC), thereby appealing to the large number of residents who earn above the local income average. This area has experienced significant growth since the property was constructed, however construction of Market Rate housing has not kept up with the demand, possibly contributing to the very high area occupancy rate. 2000 Construction 36 Units / 994 SF Average Unit Size Great Unit Mix for Submarket (1, 2 & 3BR Floor Plans) All Units Individually Metered for Gas & Electric, w/ Individual HVAC Systems Full Size Washer-Dryer in Each Apt. 30 Garages Located on Hwy 260, Directly Across from Summit Halthcare.
    Exterior Features

    Construction Frame - Wood Construction Finish Painted Covered Parking Spaces 30.00 Lot Size Dimensions Unique Dimensions - See Comments For More info. Parking Garage1 Space/UnitPaved ParkingAttachedAuto Door OpenerAdd'l Parking AvailAssigned Roads Asphalt/BlacktopDirt/Gravel Roofing Comp Shingle Total Parking Spaces 70.00

    Interior Features

    1 Bedroom Unit Avg Sq Ft 750 1 Bedroom Unit Baths 1 2 Bedroom Unit Avg Sq Ft 1000 2 Bedroom Units Baths 2 3 Bedroom Unit Avg Sq Ft 1200 3 Bedroom Unit Baths 2 4 Bedroom Unit Avg Sq Ft 0 4 Bedroom Unit Baths 0 Appliances Included F/S Oven/RangeRefrigeratorDishwasherMicrowaveWasher/Dryer Cooling Electric RefrigeratdIndividual Efficiency Unit Avg Sq Ft 0 Efficiency Unit Baths 0 Floors Concrete Heating IndividualOther (See Remarks)

    Property Features

    1 Bedroom Unit Avg Rent 707.00 1 Bedroom Units 4 2 Bedroom Unit Avg Rent 970.00 2 Bedroom Units 28 3 Bedroom Unit Avg Rent 928.00 3 Bedroom Units 4 4 Bedroom Unit Avg Rent 0.00 4 Bedroom Units 0 Annual Elec Exp 0.00 Annual Gas Exp 0.00 Annual Ins Exp 0.00 Annual Land Lse Exp 0.00 Annual Landscape Exp 0.00 Annual Legal And Acctg 0.00 Annual Maint Exp 0.00 Annual Mgmt Exp 0.00 Annual Other Expense 0.00 Annual Ownr Asoc Fee 0.00 Annual Pad Fee 0.00 Annual Rplcmnt Rsrvs 0.00 Annual Trash Exp 0.00 Annual Wtr Swr Exp 0.00 Community Amenities Exercise Room Cross Street Hwy 260 & Club Lake Road Efficiency Unit Avg Rent 0.00 Efficiency Units 0 Electric ApsIndividual Meter Gas Individual MeterOther (See Remarks) Gross Annual Sch Inc 0.00 Hoa YN No Net Operating Income 0.00 New Financing ConventionalOther (See Remarks) Other Income 0.00 Owner Pays Other (See Remarks) Project Type 25 - 50 Units Sale Includes Land & Building Sewer Sewer - Public Source Of Financial Data Provided By OwnerProvided By Accntnt Status Update Multiple Offers Recd Tax Municipality Navajo - County Taxes 29863.54 Tenant Pays ElectricCable TvOther (See Remarks) Vacancy Allowance 0.00 Water City Franchise Zoning Municipal

    Listing courtesy of Sperry Commercial.


    © 2019 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than The Kenny Klaus Team | Keller Williams Integrity First. Data last updated 2019-11-13T00:11:35.44.
     
    The Kenny Klaus Team | Keller Williams Integrity First
    2919 S. Ellsworth Rd., #133
    Mesa AZ, 85212