Listing ID6547341
Price$445,000
StatusActive
CountyMaricopa
Year Built1916
Property TypeMultiple Dwellings
***Seller Carry with $50,000 Down*** Stop your car come check this property! 1.432 ACRES!! Located off of the historical Highway 80, 1 mile from town. Amazing opportunity to own these rental properties. Three currently being rented at a great rental rate plus and additional RV covered slip with full hookups rented at $ 650. Tenants currently in place until June 2024. Unit A: single family features, 2 bedroom, 1 bath, great size kitchen with updated cabinets, and living room area, 2 additional bonus rooms, inside laundry tile flooring throughout. Fresh paint within a year.
Unit B; single family features, 2bed 1bath, smaller kitchen with decent cabinets, 1 bath has new vanity, toilet, stand up shower, and has all tile flooring throughout. Wrap around patio. Fresh paint within Unit C: full size single wide manufactured home, 2 good size bedrooms, 2 bath, good size living and kitchen area, kitchen has a gas stove, stainless steel fridge, inside laundry, master bedroom has nice size walk-in closet, bath has a jetted tub, and storage closets. Carpet, vinyl, and laminate flooring. 2 ton mini split unit. Extended patio in the front. Some irrigation for plants.
All units have mini split units and/or window units.
**Sold as is, 3-4 septic tanks located on property for each unit. Also has an additional RV power hook up not currently in use.**
School bus stop at property. 3 driveways off of Old HWY 80 to enter property.
(Unit A & C currently rented at $1,350. Unit B & RV Slip currently vacant - *RV slip was rented for $650.*)
County
Maricopa
Price Reduction Date
2023-11-30T00:02:13+00:00
Property Type
Multiple Dwellings
Year Built
1916
Zoning
Agriculture
2 Bedroom Units # Baths
2
2 Bedroom Units Avg SqFt
900
Cooling
2 or More Units, Electric, Ceiling Fan(s)
Cooling
yes
Efficiency Units # Efficiency Units
1
Efficiency Units Avg SqFt
700
Flooring
Other, Carpet, Ceramic Tile, Vinyl
Heating
None, Ceiling
Heating
yes
Community Features
Other
Country
US
Directions
Go 1 mile north of Gila Bend
Elementary School
Gila Bend Elementary
Elementary School District
Gila Bend Unified District
General Property Description Elementary School
Gila Bend Elementary
General Property Description Elementary School District2
Gila Bend Unified District
General Property Description High School
Gila Bend High School
General Property Description High School District
Gila Bend Unified District
General Property Description Jr High School
Gila Bend Elementary
High School
Gila Bend High School
High School District
Gila Bend Unified District
Middle Or Junior School
Gila Bend Elementary
Postal City
Gila Bend
Township
5S
Water Source
Shared Well
Attached Garage
no
Construction Materials
Painted, Frame - Wood
Electric
APS
General Property Description # of Buildings
3
General Property Description Flood Zone
No
General Property Description Lot Size Dimensions
TRIANGLE
General Property Description Total # of Units
3
General Property Description Uncvrd Parking Spcs
34
Lot Size Dimensions
TRIANGLE
Number Of Buildings
3
Number Of Units Total
3
Open Parking Spaces
34
Parking Features
RV/Boat Parking, Add'l Parking Avail, >1 Space Per Unit
Parking Total
34
Road Surface Type
Gravel, Dirt
Roof
Metal, Rolled/Hot Mop
Sewer
Septic in & Cnctd
Buyer Agency Compensation
2.50
Mls Status
Active
Public Survey Range
4W
Public Survey Section
29
2 Bedroom Units Avg Rent
1316.66
Cap Rate
8.45
Current Financing
Non Assumable
Disclosures
None
Efficiency Units Avg Rent
650
Gross Income
47400
Gross Scheduled Income
47400
Listing Terms
Other (See Remarks), Owner May Carry
Net Operating Income
41000
Operating Expense
252
Owner Pays
Electricity, Trash Collection, Water
Tax Annual Amount
252
Tax Book Number
402.00
Tax Lot
XXX
Tax Year
2022
Tenant Pays
None
Contact - Listing ID 6547341
Michael Bohlman
2425 S. Stearman Dr. Suite 120
Chandler, AZ 85286
Phone: 480-797-3800
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