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8220 W Monaco Boulevard

Arizona City, AZ 85123
  • $485,000
  • STATUS: Active Under Contract
  • ON SITE: 33 Days
  • MLS #: 6482255
Under Contract
UPDATED: 191 min ago
$485,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1980
County:
Area:

School Information

Description

8-CAP w/ Amazing Remodel! NEW ROOF! Fully occupied triplex w/ seasoned tenants, all units recently renovated & well maintained earning $4,370/mo. You won't find a higher CAP rate for such an upgraded property! Arizona City projected to be among highest appreciating markets in AZ, minutes from new Lucid, Nikola, Kohler & other manufacturers, who are investing $3B+ and 8,000+ new jobs in the immediate area. Stable tenant base. Low crime. Tremendous cashflow investment with A+ management in place if you choose to keep them. Convert unused garage into additional 1BR unit for value add opportunity. Transferrable home warranty from owner/agent.

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Arizona Regional MLS logo© 2022 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than The Riddle Group | eXp Realty. Data last updated 2022-11-30T00:14:44.533.
www.cavecreekareahomes.com/homes/134299546
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8220 W Monaco Boulevard Arizona City, AZ 85123

  • Price: $485,000
  • Status: Active Under Contract
  • On Site: 33 Days
  • Updated: 191 min ago
  • MLS #: 6482255
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1980
Built
Neighborhood:
Arizona City Unit Three
County:
Pinal
Area:
Arizona City
Elementary School:
Toltec Elementary School
Middle School:
Toltec Elementary School
High School:
Casa Grande Union High School
Property Description
8-CAP w/ Amazing Remodel! NEW ROOF! Fully occupied triplex w/ seasoned tenants, all units recently renovated & well maintained earning $4,370/mo. You won't find a higher CAP rate for such an upgraded property! Arizona City projected to be among highest appreciating markets in AZ, minutes from new Lucid, Nikola, Kohler & other manufacturers, who are investing $3B+ and 8,000+ new jobs in the immediate area. Stable tenant base. Low crime. Tremendous cashflow investment with A+ management in place if you choose to keep them. Convert unused garage into additional 1BR unit for value add opportunity. Transferrable home warranty from owner/agent.
Exterior Features

Construction Frame - Wood Construction Finish Brick Trim/Veneer Covered Parking Spaces 2.00 Lot Size Dimensions 74X135X11 Parking 1 Space/UnitGaragePaved ParkingStreet Parking Roads Asphalt Roofing Built-UpComp Shingle

Interior Features

1 Bedroom Unit Avg Sq Ft 672 1 Bedroom Unit Baths 0 2 Bedroom Unit Avg Sq Ft 0 2 Bedroom Units Baths 0 3 Bedroom Unit Avg Sq Ft 1344 3 Bedroom Unit Baths 2 4 Bedroom Unit Avg Sq Ft 0 4 Bedroom Unit Baths 0 Appliances Included Bi Oven/RangeDishwasherDisposalF/S Oven/RangeRefrigeratorWasher/Dryer Cooling Central A/CWindow/Wall Unit Efficiency Unit Avg Sq Ft 0 Efficiency Unit Baths 0 Floors Ceramic TileConcrete Heating Heat Pump Interior Amenities Fire/Smoke Alarm(S)Unfurnished

Property Features

1 Bedroom Unit Avg Rent 1150.00 1 Bedroom Units 1 2 Bedroom Unit Avg Rent 0.00 2 Bedroom Units 0 3 Bedroom Unit Avg Rent 1652.00 3 Bedroom Units 2 4 Bedroom Unit Avg Rent 0.00 4 Bedroom Units 0 Adjusted Gross Inc 4151.50 Annual Elec Exp 0.00 Annual Ins Exp 1271.00 Annual Landscape Exp 0.00 Annual Maint Exp 2050.00 Annual Mgmt Exp 5079.00 Annual Ownr Asoc Fee 0.00 Annual Trash Exp 648.00 Annual Wtr Swr Exp 887.00 Community Amenities No Pool Cross Street W Monaco Blvd & S Cherry Hills Dr Efficiency Unit Avg Rent 0.00 Efficiency Units 0 Electric Aps Gas None Gross Annual Sch Inc 4370.00 Hoa YN No Net Operating Income 38826.00 New Financing 1031 ExchangeConventionalCtlFhaVa Operating Exp 10992.00 Other Income 0.00 Owner Pays SewerWater Project Type Tri-Plex Sale Includes Land & Building Sewer Sewer - Private Source Of Financial Data Provided By Owner Special Owner/Agent Tax Municipality Pinal - County Taxes 1057.00 Tenant Pays Cable TvElectric Totl Mnth Rntal Inc 4455.00 UCB Ucb (Under Contract-Backups) Vacancy Allowance 0.05 Water City Franchise Zoning Cr-5

Arizona Regional MLS logo Listing provided by West Usa Realty: [IDXCONTACTINFORMATION] .


Arizona Regional MLS logo© 2022 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than The Riddle Group | eXp Realty. Data last updated 2022-11-30T00:14:44.533.
 
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The Riddle Group | eXp Realty
4524 E. Rancho Laredo Dr.
Cave Creek AZ, 85331