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Key Details
Sold Price $555,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Burgess Addition
MLS Listing ID 6682034
Sold Date 04/12/24
Maintenance Fees $2,500
Originating Board Arizona Regional Multiple Listing Service (ARMLS)
Year Built 1954
Annual Tax Amount $1,804
Tax Year 2023
Property Description
Rare offering in the City of Casa Grande, just a few blocks from the heart of Downtown in a quiet residential area. This is a 5 unit complex with 4140 total sf or 828 sf/unit average. The unit mix consists of (1) 3 bed/2 bath; (1) 2 bed+den/1 bath; (2) 1 bed/1 bath units; and (1) studio unit. Very competitively priced at $139/sf or $115,000/unit. 3 of the 5 units have been significantly upgraded. Several long-term tenants. All Month-to-Month leases. The units include refrigerators/ stoves & some have washer/dryer/dishwasher sets. Current Rents: #1 $575; #2 $750 #3 $850; #4 $700; #5 $1200. 100% occupied. Separately metered electrical (tenant-paid). Owner pays w/s/t. Huge 14,002 corner lot. Please be discrete and do not bother the tenants. Unit access in escrow. Owner may complete a 1031.
Location
State AZ
County Pinal
Community Burgess Addition
Zoning GR
Direction Exit 185 I-10 to AZ-187 towards Coolidge. Merge onto AZ-387 S/N Pinal Ave. Right on Florence to property.
Interior
Heating Natural Gas
Cooling Other, See Remarks, Individual, Heat Pump, Electric
Flooring Other, Ceramic Tile, Vinyl, Concrete
Appliance Other (See Remarks), BI Oven/Range, Microwave, Washer/Dryer, W/D Hookup
Exterior
Parking Features Free, Add'l Parking Avail, >1 Space Per Unit, Common
Community Features No Pool
Roof Type See Remarks,Rolled/Hot Mop
Total Parking Spaces 9
Building
Sewer Public Sewer
Water City Franchise
New Construction No
Schools
School District Casa Grande Union High School District
Others
Senior Community No
Tax ID 507-09-029
Acceptable Financing Conventional
Listing Terms Conventional
Financing Other
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Bought with Fathom Realty