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416 W 12TH Street

Casa Grande, AZ 85122
  • $1,200,000
  • STATUS: Active
  • ON SITE: 34 Days
  • MLS #: 6404581
Price Reduced
UPDATED: 26 min ago
$1,200,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1983
County:
Area:

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. This opportunity offers in-place cash flow right off the bat, performing at a ~5.25 CAP (proforma ~6.72% CAP year 2) on trailing 6 months financials with an ease of management with the property being completely renovated. The property is near the Casa Grande Mountains, which offer multiple hiking trails.

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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 Yost Realty Group at RE/MAX Casa Grande. Data last updated 2022-06-27T22:13:53.61.
www.yosthomes.com/homes/129026592
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416 W 12TH Street Casa Grande, AZ 85122

  • Price: $1,200,000
  • Status: Active
  • On Site: 34 Days
  • Updated: 26 min ago
  • MLS #: 6404581
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1983
Built
Neighborhood:
Bennett's Acre City
County:
Pinal
Area:
Casa Grande
School District:
0004 - Casa Grande Elementary District - Pinal
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. This opportunity offers in-place cash flow right off the bat, performing at a ~5.25 CAP (proforma ~6.72% CAP year 2) on trailing 6 months financials with an ease of management with the property being completely renovated. The property is near the Casa Grande Mountains, which offer multiple hiking trails.
Exterior Features

Construction Block Construction Finish Stucco Covered Parking Spaces 0.00 Exterior Amenities Desert LandscapingPartially Fenced Lot Size Dimensions 150.53X142.55X142.56X149.87 Parking >1 Space Per Unit Roads Asphalt Roofing Comp Shingle

Interior Features

1 Bedroom Unit Avg Sq Ft 0 1 Bedroom Unit Baths 0 2 Bedroom Unit Avg Sq Ft 750 2 Bedroom Units Baths 1 3 Bedroom Unit Avg Sq Ft 950 3 Bedroom Unit Baths 1 4 Bedroom Unit Avg Sq Ft 0 4 Bedroom Unit Baths 0 Appliances Included Bi Oven/RangeDisposalMicrowaveRefrigeratorWasher/Dryer Cooling Individual Efficiency Unit Avg Sq Ft 0 Efficiency Unit Baths 0 Floors Vinyl Heating Individual Interior Amenities Unfurnished

Property Features

1 Bedroom Unit Avg Rent 0.00 1 Bedroom Units 0 2 Bedroom Unit Avg Rent 1062.00 2 Bedroom Units 6 3 Bedroom Unit Avg Rent 1195.00 3 Bedroom Units 2 4 Bedroom Unit Avg Rent 0.00 4 Bedroom Units 0 Adjusted Gross Inc 120339.84 Annual Ownr Asoc Fee 0.00 Community Amenities No Pool Efficiency Unit Avg Rent 0.00 Efficiency Units 0 Electric Other (See Remarks) Gas Other (See Remarks) Gross Annual Sch Inc 118320.00 Hoa YN No Net Operating Income 86856.00 New Financing Conventional Operating Exp 3231.00 Other Income 7034.00 Owner Pays LandscapingSewerTrash CollectionWater Project Type 5 - 12 Units Sale Includes Building(S) Only Sewer Sewer - Public Source Of Financial Data Projected Proforma Tax Municipality Casa Grande Taxes 3231.00 Tenant Pays Cable TvElectric Vacancy Allowance 0.04 Water City Franchise Zoning Na

Arizona Regional MLS logo Listing provided by Abi Multifamily: (602) 714-1400.


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 Yost Realty Group at RE/MAX Casa Grande. Data last updated 2022-06-27T22:13:53.61.
 
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Yost Realty Group at RE/MAX Casa Grande
317 E. Cottonwood Lane, Suite C
Casa Grande AZ, 85122