416 W 12th Street, Casa Grande, AZ 85122

$1,200,000
List Price
$1,200,000
Price Change
▼ $200,000 1655502912
Days on Market
44
Status
ACTIVE
MLS#
6404581
City
Casa Grande
Subdivision
Bennett's Acre City
Year Built
1983

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.

Additional Information

School District
0082 - Casa Grande Union HS District - Pinal
Construction
Block
Cooling
Individual
Electric
Other (See Remarks)
Exterior Amenities
Desert Landscaping, Partially Fenced
Finish
Stucco
Floors
Vinyl
Gas
Other (See Remarks)
Guest House SqFt
12
Heating
Individual
Interior Amenities
Unfurnished
New Financing
Conventional
Parking
>1 Space Per Unit
Project Type
5 - 12 Units
Roofing
Comp Shingle
Sewer
Sewer - Public
Pool
Yes
Subdivision
Bennett's Acre City
Taxes
$3,231
Tenant Pays
Cable TV, Electric
Units
8
Water
City Franchise
Zoning
NA

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of ABI Multifamily.

All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2022 Arizona Regional Multiple Listing Service, Inc. All rights reserved.