NOT LISTED FOR SALE

904 W Main St Quartzsite, AZ 85346

Estimated Value: $711,321

-- Bed
-- Bath
6,500 Sq Ft
$109/Sq Ft Est. Value

Last Sold May 25, 2021

Last sale price $599,000 $92 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $5,121/month

91 Days on Market

Highlights

  • Ceramic Tile Flooring
  • Central Air
  • Heating Available
  • Salome High School Rated 9+

About This Home

As of May 2021

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.

Last Listed By

Jon Beydler

Citypoint Arizona LLC License #BR543141000 Listed on: 12/18/2020

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $14,029

Year Built

  • Built in 2008

Lot Details

  • 1.14 Acre Lot
  • Property is zoned Commercial

Home Design

  • 6,500 Sq Ft Home
  • Wood Frame Construction
  • Built-Up Roof
  • Foam Roof
  • Block Exterior

Flooring

  • Carpet
  • Ceramic Tile

Utilities

  • Central Air
  • Heating Available

Listing and Financial Details

  • Tax Lot 3
  • Assessor Parcel Number 306-67-004-B

Community Details

Overview

  • 2 Buildings
  • Kuehn Park Subdivision

Building Details

  • Operating Expense $82,858
  • Gross Income $131,657
  • Net Operating Income $77,456

Property Details

Property Type

Other

Est. Annual Taxes

$14,029

Year Built

Built in 2008

Lot Details

0

Listing Details

  • Cross Street: Interstate 10 & Exit 19
  • Legal Info Range: 19W
  • Property Type: Comm/Industry Sale
  • Zoning: Commercial
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 2008
  • Tax Year: 2019
  • Directions: Interstate 10 & Exit 19 Headed West. Exit 17 Headed East. Across the Street from the Pilot Truck Stop. Sign on Property.
  • Lot Size Acres: 1.14
  • Road Surface Type: Gravel, Asphalt
  • Co List Office Mls Id: vlly01
  • Co List Office Phone: 480-600-6001
  • Subdivision Name: KUEHN PARK
  • Structure Type: Commercial
  • Tax Parcel Letter: B
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Carpet, Ceramic Tile
  • Living Area: 6500.0

Exterior Features

  • Fencing: None
  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Frame - Wood, Block
  • Roof: Built-Up, Foam
  • Construction:Block: Yes
  • Construction:Frame - Wood2: Yes

Garage/Parking

  • Parking Features: Paved Parking, Public Parking, Free
  • Attached Garage: No
  • Parking:Free: Yes
  • Parking:Paved Parking: Yes
  • Parking:Public Parking: Yes

Utilities

  • Electric: APS
  • Cooling: Central A/C
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Lot Info

  • Lot Size Sq Ft: 49507.0
  • Parcel #: 306-67-004-B
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Annual Gross Income: 131656.5
  • Property Net Operating Income: 77456.0
  • Annual Operating Expense: 82858.0
  • Vacancy Allowance Rate: 0.1

Tax Info

  • Tax Annual Amount: 14029.0
  • Tax Book Number: 306.00
  • Tax Lot: 3
  • Tax Map Number: 67.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 18, 2020
Closed on
May 17, 2021
Sold by
Crazy Heart Properties Llc
Bought by
Tang Anthonio and Li Jinggui
Seller's Agent
Jon Beydler
Citypoint Arizona LLC
Buyer's Agent
Jon Beydler
Citypoint Arizona LLC
List Price
$599,000
Sold Price
$599,000
Total Days on Market
91
Current Estimated Value
$711,321

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$112,321
Avg. Annual Appreciation
4.36%
Original Mortgage
$330,000
Outstanding Balance
$303,064
Interest Rate
3%
Mortgage Type
Commercial
Estimated Equity
$405,125

Purchase Details

Closed on
Mar 21, 2018
Sold by
Manville Peter and Manvelle Kristy
Bought by
Crazy Heart Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
4.38%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 12, 2013
Sold by
Df Properties Inc
Bought by
Manville Peter W and Manville Kristy L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
3.51%
Mortgage Type
Seller Take Back

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Tang Anthonio $599,000 Driggs Title Agency Inc
Crazy Heart Properties Llc $187,952 Pioneer Title Agency Inc
Manville Peter W $255,000 Pioneer Title Agency Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tang Anthonio $330,000
Previous Owner Crazy Heart Properties Llc $100,000
Previous Owner Manville Peter W $220,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/25/2021 05/25/21 Sold $599,000 0.0% $92 / Sq Ft
03/19/2021 03/19/21 Pending -- -- --
12/18/2020 12/18/20 For Sale $599,000 -- $92 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $13,814 $755,879 -- --
2023 $13,814 $685,605 $0 $0
2022 $12,491 $652,957 $0 $0
2021 $14,323 $648,723 $0 $0
2020 $14,222 $641,986 $0 $0
2019 -- $113,940 $0 $0
2018 $13,811 $208,573 $0 $0
2017 -- $0 $0 $0
2016 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6172812

Arizona Regional Multiple Listing Service (ARMLS)

APN: 306-67-004B