Listing ID6396421
Price$4,250,000
StatusActive
CountyMaricopa
SubdivisionGILBERT
Year Built1972
Property TypeMultifamily Residential
Property Sub Type5 - 12 Units
Sale includes 3 buildings with 3 addresses: 205, 217, 221 N Elm St. Renovated in 2018 and located directly next to Down Town Gilbert. For more information, see Offering Memorandum in documents tab. Includes more photos, T12 financials and current rent roll as of 5/2/22.
County
Maricopa
Property Sub Type
5 - 12 Units
Property Type
Multifamily Residential
Subdivision
GILBERT
Year Built
1972
Zoning
RA3
2 Bedroom Units
12
2 Bedroom Units: Average SqFt
787
2 Bedroom Units: Number of Baths
1
Appliances Included
Dishwasher, Disposal, F/S Oven/Range, Microwave, Refrigerator, W/D Hookup, Washer/Dryer
Cooling
Ceiling Fan(s), Electric
Floors
Vinyl
Heating
Electric, Individual
Interior Amenities
Fire/Smoke Alarm(s), Mini Blinds, Unfurnished
Total Units
12
Construction
Brick, Frame - Wood
Exterior Amenities
Cable TV Available, Green Landscaping, Partially Fenced
Exterior Finish
Painted
Lot Size Dimensions
.58AC
Parking
1 Space/Unit, Paved Parking
Roads/Streets
Asphalt
Roofing
Comp Shingle
Total Parking Spaces
12
Country
USA
Cross Street
Gilbert Rd & Elliot Rd
Elementary School
Houston Elementary School
High School
Gilbert High School
High School District Number
041 - Gilbert Unified District
Jr. High School
Gilbert Junior High School
Lot Number
15
Map Code/Grid
S40
Range
6E
School District
041 - Gilbert Unified District
Section
7
Township
1S
Community Amenities
No Pool
Electric
APS
Entry Timestamp
2022-05-09T12:00:44+00:00
Gas
Master Meter, SW Gas
Marketing Name
Heritage Ranch
Owner Association
No
Sewer
Sewer - Public
Vacancy Allowance
0.04
Water
City Franchise, Master Meter
2 Bedroom Units: Average Rent
1531
Adjusted Gross Income
216518.4
Contingency Type
No
Financial Data Source
Provided by Owner
Gross Annual Scheduled Income
220500
Net Operating Income
175127.23
New Financing
1031 Exchange, Conventional
Operating Expense
1314
Other Income
5040
Owner Pays
Gas, Landscaping, Sewer, Trash Collection, Water
Sale Includes
Land & Building, Personal Property
Tax Municipality
Gilbert
Taxes
1314
Tenant Pays
Cable TV, Electric
Contact - Listing ID 6396421
Michael Bohlman
2425 S. Stearman Dr. Suite 120
Chandler, AZ 85286
Phone: 480-797-3800
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