NCE National Council of Exchangors
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National Council of Exchangors

Store Front Entrance University Dr.




CONTROL: Owner VALUE: $275,000
    LOAN: $161,503
    EQUITY: $113,497
TITLE: MIXED-USE NEAR ASU WORK LIVE PLAY GYM POOL PARKING
TYPE OF PROPERTY: Other
HAVE: Mixed-Use Work,Live Private Back Door Entrance,GYM,Pool parking/storage Store Front Good Size space From Univ. Dr. private door to Living/Kitchen area Master BRM with full bath Sliding door private Patio,Private 2nd full bath Laundry RM Washer/Dryer
WEBSITE ADDRESS: https://eastvalleyurban.com/tempe/the-vale/
PARCEL#:    
CITY, STATE: Tempe, AZ COUNTY: Maricopa
BENEFITS TO NEW OWNER: 1/2 mile of Arizona State University-ASU. Great investment Last tenant for 8 years Used Store Front for Studio/Photography/Wedding gallery used Master Bathroom for sleeping. Freshly painted, New H2O heater Laundry room. 1 car space underground Storage
GROSS SCHEDULED INCOME: $17,940    Projected
VACANCY LOSS: $0
GROSS EFFECTIVE INCOME: $17,940
EXPENSES: $5,776
NOI: $12,164
DEBT SERVICE: $9,012
CASH FLOW: $3,152
CAP RATE: 4.42%
ENCUMBRANCES: BALANCE: PAYMENT: RATE: DUE: ASSUMABLE:
LOAN 1: $161,503 $751 4.00% 2038 Y
LOAN 2:      
BENEFITS SOUGHT: Moving to Southern California-Orange County or LA County
CAN ADD: Can Add a private Curtains/Shutters for Store front window to use as a 2nd Room
REMARKS: The Vale is near downtown Tempe. Residents have exclusive access to all the perks downtown has to offer,close freeway access & 1/2 mile of ASU!
COUNSELOR: Michael Abaie
AAA Realty Group LLC
P.O.Box 712204
San Diego, CA 92171
Phone: (650) 455-7147
Cell: (619) 548-7894
Fax: abemike50@gmail.com
 
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