$6,995,000
Chino Valley, AZ 86323
MLS# 6860736
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Property Description
Whispering Winds is a multi-family mixed use property in the middle of town. It has excellent property management and is 100% occupied. The property consists of 2 commercial buildings w/ 3 office spaces each. Attached to the backside of the office spaces are 9 storage units with internal doors and also exterior rollup doors, and finished with sheetrock and lighting. Gated residential area has 6 duplexes w/ attached one car garages, back patios and fence yards; 3 triplexes, 1 br/1 bath, w/ storage rm, back patios and fenced yards. All built in 2004 w/ new roofs in 2018. There are also, 3 fourplexes, each built in 2018 w/ upgraded interiors. Lg common laundry rm for complex. Each unit is separately metered for water & gas. Property has its own private water company and is on town sewer.
Details
Maps
Contract Info
Current Price: $6,995,000
List Price: $6,995,000
Status: Active
List Date: 2025-04-30
Ownership: Fee Simple
Location Tax Legal
House Number: 860
Compass: W
Street Name: Road 1 South
St Suffix: --
City/Town Code: Chino Valley
State/Province: AZ
Zip Code: 86323
County Code: Yavapai
Assessor Number: 306-29-026-X
Tax Year: 2025
General Property Description
Lot Size Dimensions: 340' x 618'
Year Built: 2004
Uncvrd Parking Spcs: 78
Total # of Units: 48
# of Buildings: 14
Zoning: CL
Remarks Misc
Cross Street: Hwy 89 & Road 1 South
Directions: State Route 89 heading N into the town of Chino Valley, turn west (L) at Road 1 South. Approx 0.5 mile, property is on the right. Name of complex is Whispering Winds.
Geo Lat: 34.739197
Geo Lon: -112.463904
Legal Info
Lot Number: 30629026X
Income Expenses
Gross Annual Sch Inc: 577200
Net Operating Income: 418102
Showing Notification Methods
Showing Service: No Showing Service Used
1 Bedroom Units
# 1 Bedroom Units: 9
Avg Rent: 1010
Avg SqFt: 624
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 24
Avg Rent: 1550
Avg SqFt: 1000
# Baths: 2
Property Features
Project Type: Duplex; Tri-Plex; Four Plex; 51 - 99 Units; Other (See Remarks)
Other Type: Other (See Remarks)
Construction: Wood Frame
Const - Finish: Stucco
Roofing: Composition
Floors: Vinyl; Carpet; Other
Sale Includes: Building(s) Only; Land & Building; Laundry Equipment; Other (See Remarks)
Community Features: Other
Exterior Amenities: Landscape Water System; Partially Fenced; Patio/Balcony; Pet Restrictions; Separate Storage; Security Light(s); Other (See Remarks)
Interior Features: Fire/Smoke Alarm(s); Vertical Blinds
Appliances Included: Free-Standing Gas Oven; Refrigerator; Dishwasher; Washer/Dryer
Heating: Natural Gas; Individual
Cooling: Individual; Central Air
Water Source: Private; Domestic Well; See Remarks
Sewer: Sewer - Public
Electric: APS; Individual Meter
Gas: SW Gas; Individual Meter
Parking Features: Garage; >1 Space Per Unit; Attached; Add'l Parking Avail; Paved
Road Access Type: Private Road
Road Surface Type: Concrete
Owner Pays: Water; Trash Collection; Landscaping
Tenant Pays: Electricity; Gas; Cable TV
Source of Fincl Data: Owner
Showing Notification Methods: Text; Phone Call
Lockbox Type: None
New Financing: Cash; Conventional; Owner May Carry; 1031 Exchange; Other (See Remarks)
Environmental: None
Supplements
Current actual cap rate is 5.98% and can easily be increased to 6.34% by increasing below market rent leases expiring 2/28/26 to current market rents.
Seller Carryback possible with 50% down payment.
Listing Office: RealtyONEGroup Mountain Desert
Last Updated: October - 22 - 2025
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