1074 Sycamore Ave.
Kingman, AZ 86409 ·
22 Units · Multifamily For Sale
|No. Units||22||No. Stories||2|
|Building Size||20,540 SF||Year Built||1981|
|Property Type||Multifamily||Lot Size||63,600 SF|
|APN / Parcel ID||305-17-054c|
|Property Use Type||Investment||Parking Ratio||99 / 1,000 SF|
|Listing ID: 14593385||Date Created: 04/24/2006||Last Updated: 09/23/2009|
PRICE REDUCED!!! This is a 22 unit complex built 1981 under FMHA Section 515 with another 30+/- years: balance of 1st $703,000 at 1% interest, to be assumed. Located in Mohave County, Arizona's fastest growing county. Land values are skyrocketing, which means more renters. There is only 2 other subsidized housing in area. Consisting of two-story 4 three-bedroom two-bath units, and one-story 5 one-bedroom one-bath and 13 two-bedroom one-bath units. Units are 840 sq ft and larger. It has a large community green area but no playground or designated play area for children. This is a HUD multi-family project.
The complex is located behind the regional hospital, one block from the new Hampton Inn, across the street from medical offices, the new surgical unit, one block to the new Super Wal-Mart, drug stores, banks, gas stations, three blocks to the library and large city park, and located on the public transit route. It is two blocks north of I-40 a major east/west route through the State. The hospital has purchased the land adjacent to the complex on the north and is building an additional 9 medical bldgs.
- Great Location
- Priced lower than land costs in area
- Subsidized for guaranteed income
- 100% capacity
- Located behind Hospital 1 block off main route
- Population explosion causing rent esculation
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