$850,000
Florence, AZ 85132
MLS# 6613733
1 / 23
Property Description
This listing is for 4 parcels of land, each with one manufactured home with a paying tenant (2-yr lease). Over 5 acres total. Each mobile home is 3 bedroom, 2 bath. Positive cash flow on these four 1.25 acre lots fully fenced with electronic controlled access security gate. Collect solid investor return on leases that are staggered so your owner occupant client can move into one for their primary or second home while they enjoy cash flow. These homes are recently upgraded with paint, tile floors, granite countertops and new cabinets. Serviced by clean, clear water private well. Counts for bedrooms/baths are for all 4 properties combined, as are the taxes listed and lot size. Fantastic opportunity!
Details
Maps
Contract Info
Current Price: $850,000
List Price: $850,000
Status: Active
List Date: 2023-10-04
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
House Number: 14999
Compass: N
Street Name: HIGHWAY 79
St Suffix: --
City/Town Code: Florence
State/Province: AZ
Zip Code: 85132
Zip4: 8587
Country: USA
County Code: Pinal
Legal Description (Abbrev): COMM @ NE COR OF SEC 12 5S-9E TH W 1042.26' TH S54DW 785.99' TH W 473.75' TO POB TH S09DE 191.57' TH
Subdivision: COMM @ NE COR OF SEC 12 5S-9E TH W 1042.26' TH S54
Assessor's Map #: 21
Assessor's Parcel #: 4
Assessor Parcel Ltr: L
Add'l Parcels: Yes
Assessor Number: 202-21-004-L
Legal: COMM @ NE COR OF SEC 12 5S-9E TH W 1042.26' TH S54DW 785.99' TH W 473.75' TO POB TH S09DE 191.57' TH
Census Tract: 803
Tax Municipality: Pinal - COUNTY
Taxes: 1389
Tax Year: 2022
Marketing Name: Florence Homestead
General Property Description
Lot Size Dimensions: 466x466
Year Built: 1997
Uncvrd Parking Spcs: 8
Total # of Units: 4
# of Buildings: 4
Zoning: GR
Flood Zone: No
Elementary School District: Florence Unified School District
High School District: Florence Unified School District
Remarks & Misc
Cross Street: Highway 79
Directions: From stoplight at Highway 79 and Butte in town of Florence, go south one mile. Florence Homestead is on the east side of Highway 79.
Geo Lat: 33.015203
Geo Lon: -111.378093
Status Change Info
Status Change Date: 2023-10-04
Legal Info
Township: 05S
Range: 09E
Section: 12
Lot Number: F
Income & Expenses
Annual Trash Exp: 1308
Annual Wtr/Swr Exp: 840
Owner Association: No
Operating Exp: 3537
Gross Annual Sch Inc: 73800
Vacancy Allowance: 0.03
Adjusted Gross Inc: 71586
Totl Mnth Rntal Inc: 6150
Net Operating Income: 70263
Pmt & Rate Info
Cap Rate: 8.27
Equity: 850000
Showing Notification Methods
Showing Service: Aligned Showings
3 Bedrooms Units
# 3 Bedroom Units: 4
Avg Rent: 1537.5
Avg SqFt: 1445
# Baths: 2
Property Features
Project Type: Mobile Home Park
Construction: Frame - Metal
Const - Finish: Siding
Roofing: Comp Shingle
Floors: Vinyl; Ceramic Tile; Carpet
Sale Includes: Land & Building
Community Amenities: No Pool
Exterior Amenities: Fenced; RV/Boat Parking; Guard Gate
Interior Amenities: Unfurnished; Fire/Smoke Alarm(s)
Appliances Included: BI Oven/Range; Refrigerator; Dishwasher
Heating: Propane; Natural Gas
Cooling: Ceiling Fan(s); Electric
Water: Shared Well
Sewer: Septic Tank; Septic in & Cnctd
Electric: Other (See Remarks)
Gas: Propane Bottled; Propane Piped
Parking: >1 Space Per Unit
Roads/Streets: Private Street
Owner Pays: Water; Trash Collection
Tenant Pays: Electric; Gas
Source of Fincl Data: Provided by Owner
Lockbox Type: None
Existing 1st Loan: Treat as Free&Clear
New Financing: Conventional; Seller May Carry; 1031 Exchange
Reports/Disclosures: None
Environmental: None
Listing Office: RE/MAX Solutions
Last Updated: March - 26 - 2024
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