Listing ID6210909
Sold For$700,000
StatusClosed
Sold Date5/24/2021
CountyPinal
Year Built1997
Property TypeMultiple Dwellings
This property is in the Stunning area of Gold Canyon. The views are spectacular and where will you find 2 bedroom units that are over 1000 square feet?
All 2 bedroom-2.5 bathroom units are occupied.
See the rental study-rents are substantially under market. Most rents are month to month.
All documents are under the tab and there is little product available in this area. Perfect to use for a short term rental!
Buyer to verify all facts and figures..
County
Pinal
Property Type
Multiple Dwellings
Year Built
1997
Zoning
CR-5
2 Bedroom Units # Baths
2
2 Bedroom Units Avg SqFt
1075
Cooling
Individual, Heat Pump
Cooling
yes
Heating
Individual, Heat Pump
Heating
yes
Community Features
No Pool
Country
US
Directions
Take S Kings Ranch Rd to S Jacaranda Rd
4 min (1.7 mi)
Slight left toward S Kings Ranch Rd
256 ft
Continue onto S Kings Ranch Rd
1.4 mi
Turn left onto S Alameda Rd
Jacaranda turn south and property EA
Elementary School District
Out of Area
General Property Description Elementary School District2
Out of Area
General Property Description High School
Apache Junction High School
General Property Description High School District
Out of Area
General Property Description Jr High School
Peralta School
High School
Apache Junction High School
High School District
Out of Area
Middle Or Junior School
Peralta School
Postal City
Gold Canyon
Water Source
Private Franchise, Individual Meter
Attached Garage
no
Construction Materials
Stucco, Frame - Wood
Electric
SRP, Individual Meter
General Property Description # of Buildings
1
General Property Description Lot Size Dimensions
IRR
General Property Description Total # of Units
4
General Property Description Uncvrd Parking Spcs
6
Lot Size Dimensions
IRR
Number Of Buildings
1
Number Of Units Total
4
Open Parking Spaces
6
Parking Features
>1 Space Per Unit
Parking Total
6
Road Surface Type
Asphalt
Roof
Composition
Sewer
Septic in & Cnctd
Mls Status
Closed
2 Bedroom Units Avg Rent
650
Cap Rate
5.6
Current Financing
Not Applicable
Disclosures
Seller Prop Disc Stm
Gross Income
55499.52
Gross Scheduled Income
57216
Insurance Expense
2300
Listing Terms
Conventional, 1031 Exchange, Wraparound
Maintenance Expense
1500
Net Operating Income
40600
Operating Expense
14900
Other Expense
600
Owner Pays
None
Professional Management Expense
5550
Tax Annual Amount
3150
Tax Book Number
104.00
Tax Lot
68
Tax Year
2020
Tenant Pays
Trash Collection, Electricity, Water, Sewer, Cable TV
Water Sewer Expense
1800
Contact - Listing ID 6210909
Michael Bohlman
2425 S. Stearman Dr. Suite 120
Chandler, AZ 85286
Phone: 480-797-3800
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