860 W Road 1 South, Chino Valley, AZ 86323
$6,995,000
Property Type:
Comm/Industry Sale
Square Footage:
36,367
Lot Size (sq. ft.):
209,948
Status:
Active
Current Price:
$6,995,000
List Date:
5/05/2025
Last Modified:
10/22/2025
Description
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.
Supplements: Current actual cap rate of 5.98% and easily be increased to 6.34% by increasing below rent leases expiring 2/28/26 to market rents. Seller Carryback possible with 50% down payment.
More Information MLS# 6861797
Contract Info
Current Price: $6,995,000
List Price: $6,995,000
Status: Active
List Date: 2025-05-01
Ownership: Fee Simple
Location Tax Legal
House Number: 860
Compass: W
Street Name: Road 1 South
St Suffix: --
City/Town Code: Chino Valley
State/Province: AZ
Zip Code: 86323
Zip4: 6380
County Code: Yavapai
Assessor Number: 306-29-026-X
Tax Year: 2025
General Property Description
Type of Property: Multi-Family Mixed Use
Ttl Apx SqFt Bldg: 36367
# of Buildings: 14
Year Built: 2004
Uncvrd Parking Spcs: 52
Zoning: CL
Remarks Misc
Directions: From south end of Chino Valley, take State Route 89 heading N, turn west (L) at Road 1 South. Approx 0.5 mile, property is on the right. Name of complex is Whispering Winds.
Geo Lat: 34.738351
Geo Lon: -112.4637
Legal Info
Township: 16
Range: 2W
Section: 27
Lot Number: 30629026X
Income Expenses
Gross Annual Sch Inc: 577200
Net Operating Income: 418102
Showing Notification Methods
Showing Service: No Showing Service Used
Property Features
Building Type: Other (See Remarks)
Business Type: Mixed
Stories: 1 Story
Construction: Stucco; Wood Frame
Roofing: Composition
Floors: Vinyl; Carpet; Other
Ceiling Height: 8 Feet or Less; 8.1 Feet to 10 Feet
Heating: Natural Gas
Cooling: Central Air
Loading Facilities: None
Interior Features: Finished; Smoke Detector(s)
Exterior: Landscaping; Monument Sign; Security Light(s)
Fencing: Wood; Other
Building Features: Security Gate; Other (See Remarks)
Parking Features: Free; Parking Lot; Paved
Electric: APS; Individual Meter
Gas: SW Gas; Individual Meter
Water Source: Private; Domestic Well; Master Meter
Sewer: Sewer - Public
New Financing: Cash Only; Cash to Loan; Owner May Carry; 1031 Exchange
Lockbox Type: None
Source of Fincl Data: Owner
Environmental: None
Listing Office: RealtyONEGroup Mountain Desert
Last Updated: October - 22 - 2025
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