$1,685,000
Wickenburg, AZ 85390
MLS# 6555656
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Property Description
The vintage 1950's architecture, and mature palm trees give the exterior of this amazing investment opportunity a mid-century vibe. This 11-unit apartment complex provides one, two bedroom; six, one bedroom; and four studio units perfectly located in the heart of Wickenburg!!. No stairs! All units are conveniently ground level and some units have their own private and fenced backyards. Common areas include a laundry room, covered patio with seating, large palo verde shade trees, and lawn space. Currently used as long term rentals but add some furniture and you now have excellent short-term vacation rentals with a potential for even bigger returns. The expansive, 16-space parking lot provides plenty of parking for tenants and visitors alike. Don't miss out!
Details
Maps
Contract Info
Current Price: $1,685,000
List Price: $1,685,000
Status: Active
List Date: 2023-05-11
Ownership: Fee Simple
Subagents: N
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: B21
House Number: 741
Compass: W
Street Name: Wickenburg
St Suffix: Way
City/Town Code: Wickenburg
State/Province: AZ
Zip Code: 85390
Country: USA
County Code: Maricopa
Legal Description (Abbrev): SE4 SE4 NW4 EX S 40' RD 9.81 AC
Assessor's Map #: 33
Assessor's Parcel #: 22
Assessor Parcel Ltr: A
Add'l Parcels: No
Assessor Number: 505-33-022-A
Legal: To be provided in escrow.
Census Tract: 40502
Tax Municipality: Wickenburg
Taxes: 1104
Tax Year: 2021
Marketing Name: Circle J-R Apartments
General Property Description
Lot Size Dimensions: 201x201
Year Built: 1955
Uncvrd Parking Spcs: 16
Total # of Units: 11
# of Buildings: 2
Zoning: C-3
Elementary School: Hassayampa Elementary School
Jr. High School: Vulture Peak Middle School
High School: Wickenburg High School
Elementary School District: Wickenburg Unified District
High School District: Wickenburg Unified District
Remarks & Misc
Cross Street: Wickenburg Way and Mariposa
Directions: Go west on Wickenburg Way. Property will be just east of Mariposa Dr on the south side of the rd.
Geo Lat: 33.965666
Geo Lon: -112.743691
Status Change Info
Status Change Date: 2023-05-11
Legal Info
Township: 8N
Range: 5W
Section: 34
Lot Number: -
Income & Expenses
Owner Association: No
Operating Exp: 1104
Pmt & Rate Info
Equity: 2000000
Efficiency Units
# Efficiency Units: 4
Avg Rent: 750
Avg SqFt: 450
# Baths: 1
1 Bedroom Units
# 1 Bedroom Units: 6
Avg Rent: 850
Avg SqFt: 650
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 1
Avg Rent: 1100
Avg SqFt: 900
# Baths: 1
Property Features
Project Type: 5 - 12 Units
Construction: Block
Const - Finish: Painted
Roofing: Built-Up
Floors: Vinyl
Sale Includes: Land & Building; Laundry Equipment
Community Amenities: No Pool; Other; See Remarks
Appliances Included: Other (See Remarks)
Heating: Natural Gas
Cooling: Window/Wall Unit
Water: City Franchise
Sewer: Sewer - Public
Electric: APS
Gas: SW Gas
Parking: Paved Parking
Roads/Streets: Dedicated Street
Owner Pays: Water; Electric; Gas; Trash Collection
Tenant Pays: Cable TV
Source of Fincl Data: Provided by Owner
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
New Financing: Conventional; Seller May Carry; 1031 Exchange; Trade
Reports/Disclosures: None
Environmental: None
Listing Office: Platinum Living Realty
Last Updated: May - 10 - 2024
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