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1935 E Joy Ranch Rd 9,309 SF Specialty Building Offered at $1,499,000 in Phoenix, AZ 85086
Executive Summary
An income property or owner user, all on a 90,823 Sq Ft lot* *The 3,375 Sq Ft Main House is the most architecturally interesting home and floor plan you have ever seen and has four bedrooms 2.5 baths on three levels and is occupied by the owner* *There is a relaxing Pool and Patio plus an 839 Sq Ft Guest Quarters that at one time was a garage and is leased at $1,850/Month lease ending October 2026* *The third structure is a massive 5,095 Sq Ft metal garage/workshop with office, bath and double RV configured doors on the front side. This workshop is currently rented to a cabinet shop at $4,200/Month (plus $650/Month utilities) under a lease ending October 2026* *An owner has three choices: 1) own the property as an income producing property with the following rent projections - house will rent for $3,000/Month - the guest house will rent for $2,000/Month- and the garage/workshop will rent for $5,600/Month - total projected rents $10,600/Month or $127,200/Year* * The expenses are Insurance $3,200, R. E. Taxes $5,390, Maintenance $2,800, Utilities $12,000 and 5% vacancy $6,360 - $29,500/Year. NOI $97,700. Projected Cap Rate 6.5%: 2) Live in the home and rent the guest house and rent the garage/workshop; 3) Live in a very interesting home with guest house and have a great garage/workshop.
Property Facts
| Price | $1,499,000 | Lot Size | 2.09 AC |
| Price Per SF | $161.03 | Building Size | 9,309 SF |
| Sale Type | Investment or Owner User | No. Stories | 3 |
| Property Type | Specialty | Year Built | 1987 |
| Zoning | R-43 | ||
| Price | $1,499,000 |
| Price Per SF | $161.03 |
| Sale Type | Investment or Owner User |
| Property Type | Specialty |
| Lot Size | 2.09 AC |
| Building Size | 9,309 SF |
| No. Stories | 3 |
| Year Built | 1987 |
| Zoning | R-43 |
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1935 E Joy Ranch Rd
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