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Key Details
Sold Price $599,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Subdivision Kuehn Park
MLS Listing ID 6172812
Sold Date 05/25/21
Year Built 2008
Annual Tax Amount $14,029
Tax Year 2019
Lot Size 1.137 Acres
Acres 1.14
Source Arizona Regional Multiple Listing Service (ARMLS)
Property Description
20 CAP for an Absentee Owner! Recently Remodeled 10-Unit Motel and Restaurant located on Main Street in World Famous Quartzsite, AZ - Home of the World's Largest Rock and Gem Show Each Winter. The 1-Acre Property also comes with a Nice Modular Home with a Garage. Could be Used for Rental Income, a Manager or an Owner Operator. Total Bldg Square Footage Exceeds 6,000sf. 2019 Gross Income was $146,285. Net Profits were $77,456 + $3,300 Each Month for Owner Debt Service of Previous Owner Carry Back. 2020 thru 7/31 Gross Income was $77,577 with Net Profits running $38,154 + the $3,300.00 for Debt Service. Gross Payroll for 2019 was $20,343. Restaurant Operated by 3rd Parties & Rents for $2K/mo. $200K in Equipment that Conveys with Sale. Owner is Also Open to a Small Carry Back.
Location
State AZ
County La Paz
Community Kuehn Park
Area La Paz
Zoning Commercial
Direction Interstate 10 & Exit 19 Headed West. Exit 17 Headed East. Across the Street from the Pilot Truck Stop. Sign on Property.
Interior
Heating Electric
Cooling Central Air
Flooring Carpet
Exterior
Parking Features Parking Lot, Paved, Free
Fence None
Roof Type Built-Up,Foam
Private Pool No
Building
Sewer Public Sewer
Water City Franchise
New Construction No
Others
Senior Community No
Tax ID 306-67-004-B
Disclosures Seller Prop Disc Stm
Financing Cash
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Curtis Good
REALTOR and Loan Officer - NMLS # 2123700 | License ID: SA668155000
REALTOR and Loan Officer - NMLS # 2123700 License ID: SA668155000