926 Topeka St
Kingman, AZ 86401
Industrial Property For Sale

Multi-family Light Industrial zoned HALF Acre property located in the Fabulously Growing UNIQUE Historic District and this property is at 926 Topeka Street, Kingman with 2 bed 1 bath 1170 Sq Ft ($1000 future lease amount anticipated) Front Apt, Unit A (address 922 Topeka)- 2 bd 1 bath 910 Sq Ft ($1670.00 Leased per month Along with the Metal building )has Gorgeous semi private yard, Unit B- 1200 Sq Ft Metal Building with RED Iron(Current leased along with Unit A at the $1670.00 a month), unit C- RV parking with full hook up($350 Anticipated future lease, right now we are personally using it with 5th wheel), Unit D- 2000 Sq Ft storage($650 a month anticipated lease after we are finished using it for our personal property), unit E- 500 Sq Ft studio with 350 sq ft ($850 anticipated lease with Paint booth currently leased with a Discount to a Friend month to month for only $625 a month and he helps out as we need AND he is NOT using the Paint Booth) with old paint both for storage or parking. All rents will have utilities added to the base price, they are not metered separately. There is space for the owner to use- 360 sq ft attic, 780 sq ft unfinished basement and 180 sq ft of space between 926 and unit 1. Great producing Well used for all the Trees & Vegetation that keep the front of the property about 10 or more degrees cooler ! ! Patio area finished between Units 2 & 3 - that has both shade & sunny space as well as the outdoor "raised wood floor" that is already plumbed for a combination Half Bath with Laundry.. There is Quite a bit of open space at the back (south end) of the property as well as the East side near Santa Fe Street for parking /outdoor storage etc with Huge opening Double Gate.. Way too many options to list, and the current owner's have used for industrial purposes (steel roll former's) and more recently as Office space/storage and now changing to just All leased space. UPDATE April 7, 2020 Potential gross income $46,000 or rent some units and use some your self. Net income will be about $32,000.That gives you about 9.7% Cap rate. We have currently rented the Casita to a Long time friend month to month at $625.00/Month but we have gotten $850 a month ALL DAY long - furnished with utilities. We also have currently rented the 2 Bd 1 Bath apartment Along with the Back Metal building to an Australian Corporation utilities included but they insure for $1670.00 /Month. We are almost finished converting the front 2 Bd 1Bath Apartment with 2 more NEW HVAC units and have a Gorgeous Barn door for the smaller bedroom out to the main Living space and have closed in the Large "Open Window" Space to the front enclosed patio area with Dry wall.....More photos soon to come, but this space we are anticipating even with the economy to be able to at least Lease out with the utilities & nicely furnished for $1,000.00 a month and perhaps more to short term leases which we plan to do for the time being since the Corporation has told us they might be interested in leasing the entire property out in the future. We do not have the Larger Corner block building leased out yet as we are still selling and moving our own personal property & using this space, we don't see any problem being able to get around $750.00 or more a month for this, but again we are not in a hurry to do a Long term lease for this building either since the Corporation would potentially be able to use the additional space . This price currently will only stay this low until we have another lease on the last living area unit OR the Corporation leases the entire property - Then we plan on raising the price to $400,000.00. We are NOT interested in any LOW Ball Offers, Please move on to other properties if that is your intention as we are not in a position that we need to lower an ALREADY below market Value and are living fine with what we have going with this and may consider keeping it for our Retirement anyway. This IS a Perfect "Prepper " type property....so if you are looking to get out of City Life with all the Interesting things that have been going on, Let us know ahead of time and we can get you into All the Units to see if it FITS what you want........we are a small town still and even though it is in town we have this place totally Private with Awesome Producing WELL, Fruit and Nut Trees and have a total of Seven Bedrooms, and 3 Bathrooms (2 are 3/4 bathrooms with showers but one is a FULL bathroom). There is quite alot of valuable Black Soil to work with on this property even though most of it is building and cement because we are Gardeners at heart and have been working the SOIL all around it for the last 14 Years and had chickens .....which the Paint Booth is Still set up to have around 10 to 30 Hens if you wish. I hope that helps, we have been so busy getting projects done at this and one other property we have that we did not have time to keep up on all that was going on with it and we have gotten a few E-mails like "Do you even have anything leased ?? " when at that time yeah we had the 2bd 1 bath apartment for $1,000 a month (no garage with it) and we had before that a couple that was going to pay $1500 a month for the apartment plus the Metal garage the Corporation is using but they were being to Bossy about the Lease terms so we leased just the Apartment out to a Good tenant & her cat ! We have always been really choosy, since we occupy the property also we can do that Legally. Best wishes to you in this "Flu epidemic"