Wickenburg Homes with Paved Parking Features

Wickenburg Homes with Paved Parking Features

Welcome to Wickenburg, Arizona – a charming town nestled in the heart of Maricopa County that perfectly blends rich history with modern convenience. Known for its stunning desert landscapes and vibrant Western spirit, Wickenburg offers the ideal backdrop for those seeking a tranquil lifestyle with a hint of adventure. With its historic downtown, art galleries, and cowboy culture, this town invites residents to explore its unique character and warm community spirit.

One of the standout features of homes in Wickenburg is the availability of properties with paved parking. Imagine returning home after a day of exploring the rugged beauty of the surrounding Sonoran Desert, pulling into your driveway with ease. Homes with paved parking not only enhance the aesthetic appeal of your property but also provide the practicality and convenience that today’s homeowners desire. Say goodbye to the hassles of unpaved surfaces and enjoy the comfort of a well-maintained parking area that complements your home’s exterior.

Whether you’re an outdoor enthusiast ready to tackle the nearby hiking trails or a history buff eager to delve into the town’s storied past, Wickenburg is a place where you can truly thrive. The community is known for its friendly atmosphere and welcoming residents, making it easy to forge lasting friendships. With a variety of homes featuring paved parking options, Wickenburg is ready to accommodate your lifestyle and provide you with the perfect place to call home. Discover the charm of this Arizona gem and let Wickenburg be the backdrop to your next chapter!

Newest Wickenburg Homes with Paved Parking Features

$2,295,000
6980540 MLS 6,182 SqFt.
Seller-carry mixed-use investment at 760-778 W Wickenburg Way includes two commercial buildings leased to a national ambulance company on an NNN lease, six 1-bedroom apartments, three parcels and excess land. Five apartments are occupied; one is available for lease-up. Lease runs through 11/30/2028 with 3% annual increases and two 5-year options. Tenant reimburses property taxes and insurance. Seller carry available at 5% interest, 25-year amortization and 5-year term, subject to approval. Qualified Opportunity Zone location. Approx. 6,182 SF on 40,076 SF/0.92 acre. Current income after operating expenses is $121,654 with a 5.30% cap rate. Pro forma income after operating expenses is $147,041 with a 6.41% cap rate. Offered at $2,295,000, 760-778 W Wickenburg Way presents a diversified mixed-use investment combining commercial and residential income with additional development or expansion potential. The offering includes two commercial buildings, six one-bedroom apartments and three parcels totaling approximately 40,076 square feet, or 0.92 acre. The existing building area totals approximately 6,182 square feet. The commercial portion is leased to a national ambulance company under an NNN lease that began December 1, 2023, and continues through November 30, 2028. The lease includes contractual 3% annual rent increases and two additional five-year extension options. The tenant reimburses property taxes and insurance, helping limit the owner's exposure to these expenses. The residential component consists of six one-bedroom apartments. Five apartments are currently occupied, with one unit available for lease-up. The occupied apartments also generate utility reimbursement income. Leasing the remaining apartment provides an identifiable opportunity to increase income. CURRENT FINANCIAL PERFORMANCE: Effective Gross Income: $160,457 Operating Expenses: $38,803 Income After Operating Expenses: $121,654 Current Cap Rate: 5.30% PRO FORMA FINANCIAL PERFORMANCE: Gross Scheduled Income: $186,240 Other Income: $3,456 Vacancy Allowance: 1% Effective Gross Income: $187,799 Operating Expenses: $40,758 Income After Operating Expenses: $147,041 Pro Forma Cap Rate: 6.41% Seller financing is available at 5% interest, amortized over 25 years with a five-year loan term, subject to seller approval, buyer qualification and final loan documentation. The property is located within a federally designated Qualified Opportunity Zone and along Wickenburg's primary commercial corridor. The excess land may provide future expansion or development potential, subject to zoning, governmental approvals and independent buyer investigation. Buyer to independently verify all facts, figures, square footage, parcel information, rents, income, expenses, lease terms, zoning, development potential, Opportunity Zone eligibility and any other information material to the purchase decision. Buyer should consult independent legal, tax and financial advisors.

778 W Wickenburg Way, Wickenburg

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