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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