$1,600,000
Casa Grande, AZ 85122
MLS# 6692764
1 / 13
Property Description
416 West 12th Street is of block construction, built in 1983, and has a fantastic unit mix which features (6) 2-bedroom / 1-bathroom units along with (2) 3-bedroom / 1-bathroom units. This garden-style apartment community has recently undergone significant interior renovations which include vinyl-plank flooring throughout, all-new kitchen appliances, kitchen cabinets, in-suite washers & dryers, as well as updated bathrooms. Property is individually metered for electricity and water! Each unit has large backyards. This is the ''set it and forget it'' investors dream, being 100% turn-key and in a location that continues to command housing through its rapid expansion.
Details
Maps
Contract Info
Current Price: $1,600,000
List Price: $1,600,000
Status: Active
List Date: 2024-04-17
Ownership: Fee Simple
Subagents: N
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
House Number: 416
Compass: W
Street Name: 12TH
St Suffix: Street
City/Town Code: Casa Grande
State/Province: AZ
Zip Code: 85122
Zip4: 3927
Country: USA
County Code: Pinal
Legal Description (Abbrev): BENNETT'S ACRE CITY: CG E-150' OF LT 3 BLK D EXC N-8' THEREOF SEC 19-6S-6E .49 AC
Subdivision: BENNETT'S ACRE CITY
Assessor's Map #: 20
Assessor's Parcel #: 51
Add'l Parcels: No
Assessor Number: 504-20-051
Legal: BENNETT'S ACRE CITY: CG E-150' OF LT 3 BLK D EXC N-8' THEREOF SEC 19-6S-6E .49 AC
Census Tract: 1500
Tax Municipality: Casa Grande
Taxes: 3007
Tax Year: 2023
Marketing Name: Casa Grande Aparments
General Property Description
Lot Size Dimensions: 150.53x142.56x149.57x142.55
Year Built: 1983
Uncvrd Parking Spcs: 12
Total # of Units: 8
# of Buildings: 1
Zoning: GR
Elementary School District: Casa Grande Elementary District
High School District: Casa Grande Union High School District
Remarks & Misc
Geo Lat: 32.884695
Geo Lon: -111.758621
Status Change Info
Status Change Date: 2024-04-17
Legal Info
Township: 06S
Range: 06E
Section: 19
Block: D
Lot Number: 3
Income & Expenses
Owner Association: No
Operating Exp: 3007
Gross Annual Sch Inc: 136649
Other Income: 7272
Vacancy Allowance: 0.05
Adjusted Gross Inc: 136724.95
Net Operating Income: 102238
Pmt & Rate Info
Cap Rate: 6.39
Equity: 1600000
Showing Notification Methods
Showing Service: Aligned Showings
2 Bedroom Units
# 2 Bedroom Units: 6
Avg Rent: 1278
Avg SqFt: 750
# Baths: 1
3 Bedrooms Units
# 3 Bedroom Units: 2
Avg Rent: 1370
Avg SqFt: 950
# Baths: 1
Property Features
Project Type: 5 - 12 Units
Construction: Block
Const - Finish: Stucco
Roofing: Comp Shingle
Floors: Vinyl
Sale Includes: Building(s) Only
Community Amenities: No Pool
Exterior Amenities: Desert Landscaping
Interior Amenities: Unfurnished
Appliances Included: F/S Oven/Range; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer; W/D Hookup
Cooling: Electric; Individual
Water: City Franchise; Individual Meter
Sewer: Sewer - Public
Electric: Other (See Remarks)
Gas: Individual Meter
Parking: Street Parking; >1 Space Per Unit
Roads/Streets: Asphalt
Owner Pays: Trash Collection; Landscaping
Tenant Pays: Water; Electric
Source of Fincl Data: Projected Proforma
Lockbox Type: None
New Financing: Cash
Reports/Disclosures: None
Environmental: None
Listing Office: ABI Multifamily
Last Updated: April - 17 - 2024
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