Listing ID6447165
Sold For$520,000
StatusClosed
Sold Date9/21/2022
CountyPinal
SubdivisionCOTTON CITY (PROPER)
Year Built1952
Property TypeMultiple Dwellings
Incredible upside potential. 150 ft frontage on Sunshine Blvd. 13-unit MF complex incl. a 1,263 sf wood frame 4 BR home (now used for storage) remodel for extra income when leased out. 7, 1BR apts, 1 sm studio, 4 studios. On-Site Mgr's Unit (1 BR). Ample electrical w/800 amp underground main feed & 4 sub-panels, showers, sinks, toilets, water heaters, upgraded throughout. Owned laundry-conveys. Low maint units, tile and/or laminate floors throughout.
County
Pinal
Property Type
Multiple Dwellings
Subdivision
COTTON CITY (PROPER)
Year Built
1952
Zoning
C-1
1 Bedroom Units # Baths
1
1 Bedroom Units Avg SqFt
290
4 Bedrooms Units # Baths
2
4 Bedrooms Units Avg SqFt
1263
Cooling
Wall/Window Unit(s)
Cooling
yes
Efficiency Units # Baths
1
Efficiency Units # Efficiency Units
5
Efficiency Units Avg SqFt
196
Heating
Electric
Heating
yes
Community Features
Manager Res/Office, No Pool
Country
US
Directions
South from Hwy 84 and I-10 on Sunshine Blvd. Property on west side of street
Elementary School
Eloy Intermediate School
Elementary School District
Eloy Elementary District
General Property Description Elementary School
Eloy Intermediate School
General Property Description Elementary School District2
Eloy Elementary District
General Property Description High School
Santa Cruz Valley Union High School
General Property Description High School District
Santa Cruz Valley Union High School District
General Property Description Jr High School
Eloy Junior High School
High School
Santa Cruz Valley Union High School
High School District
Santa Cruz Valley Union High School District
Middle Or Junior School
Eloy Junior High School
Postal City
Eloy
Township
08S
Water Source
City Franchise
Attached Garage
no
Construction Materials
See Remarks, Painted, Block
Electric
APS, Master Meter
General Property Description # of Buildings
2
General Property Description Lot Size Dimensions
150' W x 155' D
General Property Description Total # of Units
13
General Property Description Uncvrd Parking Spcs
15
Lot Size Dimensions
150' W x 155' D
Number Of Buildings
2
Number Of Units Total
13
Open Parking Spaces
15
Parking Features
Other (See Remarks), Free, 1 Space/Unit
Parking Free
1
Parking Total
15
Road Surface Type
Asphalt, Dedicated Street
Roof
See Remarks, Rolled/Hot Mop
Sewer
Public Sewer
Mls Status
Closed
Public Survey Range
08E
Public Survey Section
06
1 Bedroom Units Avg Rent
850
Cap Rate
5.79
Current Financing
Not Applicable
Disclosures
None
Efficiency Units Avg Rent
650
Electric Expense
11083
Gross Income
73766.4
Gross Scheduled Income
85200
Insurance Expense
6253
Listing Terms
Affordable Housing, CTL, Conventional
Maintenance Expense
3633
Net Operating Income
33325
Operating Expense
40679
Other Expense
3802
Owner Pays
Electricity, Trash Collection, Water, Sewer, Landscaping
Professional Management Expense
6400
Tax Annual Amount
2440
Tax Block
64
Tax Book Number
405.00
Tax Lot
16
Tax Year
2021
Tenant Pays
None
Water Sewer Expense
6123
Contact - Listing ID 6447165
Michael Bohlman
2425 S. Stearman Dr. Suite 120
Chandler, AZ 85286
Phone: 480-797-3800
Data services provided by IDX Broker