Listing ID6202133
Sold For$390,000
StatusClosed
Sold Date5/13/2021
CountyPinal
SubdivisionARIZONA CITY UNIT 2
Year Built2006
Property TypeMultiple Dwellings
This is not just an ordinary 4-plex in the heart of
Arizona City! Seller has taken great pride in the
building of this 4-plex along with caring for the
units as tenants moved out. Each unit is a 2 Bed, 1
Bath with 840 sf each. This is one of the nicest
4-plexes in the area. Come drive by today! The City
of Casa Grande neighboring town has a new electric
car company (Lucid Motors). Soon the plant should be making Lucid Air, luxury high performance electric
cars are expected on the market Spring 2021. This
changes the infrastructure in the area and will
bring job growth. 20 minutes from AZ City we have
Nikola an electric Hybrid Semi Truck plant that has
broken ground in Coolidge Multi-Product Factory will
generate more than 1,800 new full-time positions.
Lots to look forward to
County
Pinal
Property Type
Multiple Dwellings
Subdivision
ARIZONA CITY UNIT 2
Year Built
2006
Zoning
RES
2 Bedroom Units # Baths
1
2 Bedroom Units Avg SqFt
840
Cooling
Central A/C, Electric
Cooling
yes
Heating
Central, Electric
Heating
yes
Community Features
Other, No Pool
Country
US
Elementary School
Arizona City Elementary School
Elementary School District
Toltec Elementary District
General Property Description Elementary School
Arizona City Elementary School
General Property Description Elementary School District2
Toltec Elementary District
General Property Description High School
Casa Grande Union High School
General Property Description High School District
Casa Grande Union High School District
General Property Description Jr High School
Casa Grande Union High School
High School
Casa Grande Union High School
High School District
Casa Grande Union High School District
Middle Or Junior School
Casa Grande Union High School
Postal City
Arizona City
Township
08S
Water Source
Private Franchise
Attached Garage
no
Construction Materials
Painted, Stucco, Frame - Wood
Electric
APS, Individual Meter
General Property Description # of Buildings
1
General Property Description Lot Size Dimensions
100 X 120
General Property Description Total # of Units
4
General Property Description Uncvrd Parking Spcs
4
Lot Size Dimensions
100 X 120
Number Of Buildings
1
Number Of Units Total
4
Open Parking Spaces
4
Parking Features
Paved Parking, 1 Space/Unit
Parking Total
4
Road Surface Type
Asphalt, Dedicated Street, Curb(s) & Gutter(s)
Roof
Composition
Sewer
Public Sewer
Buyer Agency Compensation
2.50
Mls Status
Closed
Public Survey Range
07E
Public Survey Section
06
2 Bedroom Units Avg Rent
662.5
Cap Rate
6.11
Current Financing
Not Applicable
Disclosures
None
Gross Income
30210
Gross Scheduled Income
31800
Insurance Expense
800
Listing Terms
Other (See Remarks)
Maintenance Expense
2000
Net Operating Income
24450
Operating Expense
5760
Owner Pays
Sewer
Tax Annual Amount
1760
Tax Book Number
406.00
Tax Lot
1149
Tax Year
2020
Tenant Pays
Trash Collection, Electricity, Water
Water Sewer Expense
1200
Contact - Listing ID 6202133
Michael Bohlman
2425 S. Stearman Dr. Suite 120
Chandler, AZ 85286
Phone: 480-797-3800
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