860 S Road 1 South, Chino Valley, AZ 86323

$6,995,000
Property Type: Multi-Family Square Footage: 36,210 Lot Size (sq. ft.): 209,959 Status: Active
Current Price: $6,995,000 List Date: 1/09/2026 Last Modified: 1/13/2026

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. Actual cap rate of 5.98% can easily be increased to 6.34% by increasing below market rental leases expiring 2/28/26 to market rental rates. Seller Carryback possible with 50% down payment.

More Information MLS# 1078641

Contract/Address/Legal

List Price/SqFt: 193 Rent/Lease: No Neighborhood: N/A REO/Short Sale: Not Applicable Zoning: CL Legal: A RECT PCL LYNG IN THE SW4NW4 SEC 27 WITH THE SW COR LYNG APPROX 340'E & 25' N OF THE W4 COR SEC 27-16-2W CONT 4.82AC 3042/465

General Property Description

Aprx Acres: 4.82 Lot #: 0 HOA Y/N: No Source of Measuremnt: County Assessor Management: Owner Gross Vol/Yr $: 592500 Vac Rate %: 3 Solar Y/N: No Total Liveable SqFt: 36210 Year Built: 2004 NOI $: 429132 Cap %: 6.13 Baths - Full: 48

Tax Info

Taxes: 38319 Tax Year: 2025

Remarks & Misc

Directions: State Route 89 heading N, turn west (L) at Road 1 South. Approx 0.5 mile, property is on the right. Name of complex is Whispering Winds. Remarks: 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. Actual cap rate of 5.98% can easily be increased to 6.34% by increasing below market rental leases expiring 2/28/26 to market rental rates. Seller Carryback possible with 50% down payment.

Office/Member Info

Listing Exclusions: No

Building Type

5+ Units: 1

Construction

Frame - Wood: 1 Stucco: 1

Cooling

Ceiling Fan(s): 1 Central Refriger: 1 Gas Pack: 1

External Amenities

Fence: 1 Landscaped: 1 Laundry Facilities: 1 Patio/Deck/Balcony: 1 Separate Storage: 1 Sprinkler/Drip: 1

Flooring

Carpet: 1 Laminate: 1 Tile: 1 Vinyl: 1

Heating

Forced - Gas: 1 Gas Pack: 1 Natural Gas: 1

Owner Pays

Sewer: 1 Trash: 1 Water: 1

Records Available

Record of Survey: 1

Road Frontage Type

City Street: 1 County Road: 1 Private Road: 1

Road Surface Type

Concrete: 1 Paved: 1

Road Responsibility

City Maintained Road: 1

Roof

Asphalt Shingle: 1

Terms & Conditions

1031 Exchange: 1 Conventional: 1

Utilities Installed

220: 1 3 Phase: 1 Cable TV: 1 Electricity: 1 Individual Meter: 1 Natural Gas: 1 Underground: 1 Water - Private Well: 1

Water Heater

Natural Gas: 1

Unit 1

# BR: 2 # BA: 2 SqFt: 904 Tenant Utilities: electric & gas Rent $: 1550

Unit 1 Parking

1 Car: 1 2 Car: 1 Garage: 1 Off Street: 1

Unit 1 Info

Ceiling Fan(s): 1 Den/Family Room: 1 Dishwasher: 1 Disposal: 1 Fire/Smoke Detectors: 1 Porch/Patio: 1 Range/Oven: 1 Refrigerator: 1 Storage Room: 1 W/D Connection: 1

Unit 2

Unit ID: 470 Serenity Apt B # BR: 2 # BA: 2 SqFt: 1122 Tenant Utilities: electric & gas Rent $: 1550

Unit 2 Parking

2 Car: 1 Off Street: 1

Unit 2 Info

Ceiling Fan(s): 1 Den/Family Room: 1 Dishwasher: 1 Disposal: 1 Fire/Smoke Detectors: 1 Laundry Room: 1 Porch/Patio: 1 Range/Oven: 1 Refrigerator: 1 W/D Connection: 1

Unit 3

Unit ID: 440 Serenity Apt D # BR: 1 # BA: 1 SqFt: 624 Tenant Utilities: electric & gas Rent $: 1010

Unit 3 Parking

1 Car: 1 Off Street: 1

Unit 3 Info

Ceiling Fan(s): 1 Den/Family Room: 1 Dishwasher: 1 Fire/Smoke Detectors: 1 Porch/Patio: 1 Range/Oven: 1 Refrigerator: 1 Storage Room: 1

ContractAddressLegal

Original List Price: 6995000 Listing Date: 2026-01-09 Status: Active Listing Price: 6995000 Street #: 860 Direction: S Street Name: Road 1 South City/Township: Chino Valley State: AZ Zip Code: 86323 County: Yavapai Tax Parcel: 30929026x

Property Features

Building Type: 5+ Units Construction: Frame - Wood; Stucco Cooling: Ceiling Fan(s); Central Refriger; Gas Pack External Amenities: Fence; Landscaped; Laundry Facilities; Patio/Deck/Balcony; Separate Storage; Sprinkler/Drip Flooring: Carpet; Laminate; Tile; Vinyl Heating: Forced - Gas; Gas Pack; Natural Gas Owner Pays: Sewer; Trash; Water Records Available: Record of Survey Road Frontage Type: City Street; County Road; Private Road Road Surface Type: Concrete; Paved Road Responsibility: City Maintained Road Roof: Asphalt Shingle Utilities Installed: 220; 3 Phase; Cable TV; Electricity; Individual Meter; Natural Gas; Underground; Water - Private Well Water Heater: Natural Gas Unit 1 Parking: 1 Car; 2 Car; Garage; Off Street Unit 1 Info: Ceiling Fan(s); Den/Family Room; Dishwasher; Disposal; Fire/Smoke Detectors; Porch/Patio; Range/Oven; Refrigerator; Storage Room; W/D Connection Unit 2 Parking: 2 Car; Off Street Unit 2 Info: Ceiling Fan(s); Den/Family Room; Dishwasher; Disposal; Fire/Smoke Detectors; Laundry Room; Porch/Patio; Range/Oven; Refrigerator; W/D Connection Unit 3 Parking: 1 Car; Off Street Unit 3 Info: Ceiling Fan(s); Den/Family Room; Dishwasher; Fire/Smoke Detectors; Porch/Patio; Range/Oven; Refrigerator; Storage Room
Listing Office: Realty ONE Group Mountain Desert
Last Updated: January - 13 - 2026
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