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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0BEDS
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N/AACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
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.
© 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.