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8220 W Monaco Boulevard Arizona City, AZ 85123
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Key Details
Sold Price $485,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Arizona City Unit Three
MLS Listing ID 6482255
Sold Date 12/20/22
Maintenance Fees $2,050
Originating Board Arizona Regional Multiple Listing Service (ARMLS)
Year Built 1980
Annual Tax Amount $1,057
Tax Year 2022
Lot Dimensions 74X135X11
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.
Location
State AZ
County Pinal
Community Arizona City Unit Three
Zoning CR-5
Direction SUNLAND GIN TO MONACO, TURN EAST. ON CORNER OF CHERRY HILLS AND MONACO
Interior
Heating Heat Pump
Cooling Central A/C, Wall/Window Unit(s)
Flooring Concrete
Appliance Dishwasher, Disposal, FS OvenRange, Refrigerator, BI OvenRange, WasherDryer
Exterior
Parking Features Paved Parking
Community Features No Pool
Roof Type Composition, Built-Up
Total Parking Spaces 5
Garage Yes
Building
Sewer Private Sewer
Water City Franchise
New Construction No
Schools
Elementary Schools Toltec Elementary School
Middle Schools Toltec Elementary School
High Schools Casa Grande Union High School
School District Casa Grande Union High School District
Others
Senior Community No
Tax ID 408-06-006-0
Acceptable Financing CTL, Conventional, 1031 Exchange, FHA, VA Loan
Listing Terms CTL, Conventional, 1031 Exchange, FHA, VA Loan
Financing Conventional
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