Real Estate Investment & Management
Eric Fellows
480-406-5883480-406-5883

7115 N 83rd Avenue, Glendale, AZ 85303 (MLS # 5678677)

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PRICE $1,400,000
SIZE n/a
LOT SIZE n/a

Excellent Opportunity to own an Improved Commercial Property on a County Island!!! Fully gated, this property has been built out into a beautifully functioning tennis academy (itusatennis) with a main house on the front of the property with 3 duplexes behind. Five premium tennis courts have been built, 3 clay and 2 hard! There is space, by design in the middle of the facility, to add covered courts or anything you desire. There is also a pebble tec community pool, workout/gym room and on-site laundry. 5 of the 2 bed 1 bath units are all currently leased, with quality tenants for $700/month. The income potential is literally limitless for this property. A coach that wants their own facility or an investor that wants to build a community, it's perfect and will be for someone!

DAYS ON MARKET 211 LAST UPDATED 5/22/2018
TRACT County Island YEAR BUILT 1966
COUNTY Maricopa STATUS Active
PROPERTY TYPE(S) Commercial For Sale

PRICE HISTORY
Prior to Jan 4, '18 $1,500,000
Jan 4, '18 - May 22, '18 $1,450,000
May 22, '18 - Today $1,400,000


ADDITIONAL DETAILS
BUILDING TYPE Commercial
CEILING HEIGHT 8 Feet or Less, 8 Feet or Less
CONSTRUCTION Block
COOLING Central A/C
COUNTY CODE Maricopa
CURRENT USE Recreational
ELECTRIC SRP
ENVIRONMENTAL None
FENCING Block
FLOORS Carpet, Concrete
FREEWAY/HIGHWAY Up to 1 Mile
GAS SW Gas
HEATING Electric, Heat Pump
INCOME & EXPENSES: ADJUSTED GROSS INC 0.00
INCOME & EXPENSES: ANNUAL ELEC EXP 2692.00
INCOME & EXPENSES: ANNUAL GAS EXP 1200.00
INCOME & EXPENSES: ANNUAL INS EXP 2822.00
INCOME & EXPENSES: ANNUAL LAND LSE EXP 0.00
INCOME & EXPENSES: ANNUAL LANDSCAPE EXP 1500.00
INCOME & EXPENSES: ANNUAL LEGAL & ACCTG 0.00
INCOME & EXPENSES: ANNUAL MAINT EXP 2000.00
INCOME & EXPENSES: ANNUAL MGMT EXP 0.00
INCOME & EXPENSES: ANNUAL OTHER EXPENSE 0.00
INCOME & EXPENSES: ANNUAL OWNR ASOC FEE 0.00
INCOME & EXPENSES: ANNUAL PAD FEE 0.00
INCOME & EXPENSES: ANNUAL RPLCMNT RSRVS 0.00
INCOME & EXPENSES: ANNUAL TRASH EXP 900.00
INCOME & EXPENSES: ANNUAL WTR/SWR EXP 0.00
INCOME & EXPENSES: GROSS ANNUAL SCH INC 0.00
INCOME & EXPENSES: NET OPERATING INCOME 68400.00
INCOME & EXPENSES: OPERATING EXP 24670.00
INCOME & EXPENSES: OTHER INCOME 0.00
INCOME & EXPENSES: OWNER ASSOCIATION No
INCOME & EXPENSES: VACANCY ALLOWANCE 0.05
INTERIOR Finished
LEGAL INFO: LOT NUMBER 0
LEGAL INFO: RANGE 1E
LEGAL INFO: SECTION 2
LEGAL INFO: TOWNSHIP 2N
LOADING FACILITIES None
LOT SIZE DIMENSIONS 936x130
MARKETING NAME Excellent Potential
OWNERSHIP Fee Simple
PARKING Fenced, Private Parking
ROADS/STREETS Asphalt/Blacktop, Private Street
ROOFING Comp Shingle
SEWER Septic, Septic in & Cnctd
SOURCE OF FINCL DATA Provided by Owner
STORIES 1 Story, 1 Story
TAXES 13556.00
TOTAL PARKING SPCS 16.00
TRAFFIC COUNT Unknown
TTL APX SQFT BLDG 7507.00
TTL APX SQFT LAND 121271.00
UNCVRD PARKING SPCS 14.00
USE RESTRICTIONS Currently Leased
WATER City Franchise
ZONING Commercial

ZESTIMATE
$1404953  7115 N 83rd Avenue, Glendale, AZ

RENT ZESTIMATE
$1750 / mo.  7115 N 83rd Avenue, Glendale, AZ

24 Car-Dependent

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Listed with Realty ONE Group
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Data last updated 5/23/18 9:50 AM PDT.