Listing ID6354013
Price$599,900
StatusActive
CountyOther
Year Built1990
Property TypeMultifamily Residential
Property Sub Type13 - 24 Units,5 - 12 Units,Duplex,Four Plex,Tri-Plex
Amazing multi-family opportunity just 1.5 miles away from the beach. This multi offers 20 two bedroom, one bath units & an additional unit that is currently a store. This great investment for passive income, it has the potential to be converted into Airb&B's, a hotel or simple rent it out to tenants on a monthly basis.
County
Other
Property Sub Type
13 - 24 Units,5 - 12 Units,Duplex,Four Plex,Tri-Plex
Property Type
Multifamily Residential
Year Built
1990
Zoning
617-R4
2 Bedroom Units
20
2 Bedroom Units: Average SqFt
1000
2 Bedroom Units: Number of Baths
1
Appliances Included
BI Oven/Range, Refrigerator
Average SqFt
1000
Cooling
Ceiling Fan(s), Electric, Individual
Efficiency Units
21
Floors
Ceramic Tile, Concrete
Heating
Individual
Interior Amenities
Partially Furnished
Other Type
Hotel/Motel, House + Rental Units
Total Units
21
Construction
Block
Exterior Amenities
Desert Landscaping, Fenced, Patio/Balcony
Exterior Finish
Painted, Stucco
Lot Size Dimensions
1,540.00 M2
Parking
1 Space/Unit, Add'l Parking Avail, Free
Roads/Streets
Dirt
Roofing
Concrete
Total Parking Spaces
21
Country
Mexico
Cross Street
Calle Melchor Ocampo 395
Lot Number
17AH7
Map Code/Grid
C90
Community Amenities
No Pool
Electric
Individual Meter
Entry Timestamp
2022-02-10T16:09:31+00:00
Gas
Individual Meter
Marketing Name
Rocky Point, Mexico
Owner Association
No
Sewer
Sewer - Public
Vacancy Allowance
0.5
Water
Master Meter
2 Bedroom Units: Average Rent
275
Adjusted Gross Income
29400
Annual Maintenance Expense
6240
Annual Trash Expense
948
Annual Water/Sewer Expense
5052
Average Rent
275
Contingency Type
No
Financial Data Source
Provided by Owner
Gross Annual Scheduled Income
58800
Net Operating Income
1200
New Financing
Other (See Remarks), Seller May Carry
Operating Expense
12485.52
Owner Pays
Sewer, Trash Collection, Water
Sale Includes
Land & Building, Personal Property
Tax Municipality
OUTSIDE ARIZONA
Taxes
245.52
Tenant Pays
Electric, Gas
Total Monthly Rental Income
4950
Contact - Listing ID 6354013
Michael Bohlman
2425 S. Stearman Dr. Suite 120
Chandler, AZ 85286
Phone: 480-797-3800
Data services provided by IDX Broker
