Historical Multifamily Sale Listing - Mohave Gardens

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Mohave Gardens

1074 Sycamore Ave., Kingman, AZ 86409

N/A

22 Units | Multifamily

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Multifamily Property - Off Market

Price:
N/A
No. Units:
22
Building Size:
20,540 SF
Property Type:
Multifamily
Property Sub-type:
Government Subsidized
Additional Sub-types:
Garden/Low-Rise
Property Use Type:
Investment
Occupancy:
100%
No. Stories:
2
Year Built:
1981
Lot Size:
63,600 SF
APN / Parcel ID:
305-17-054c
Parking Ratio:
99 / 1,000 SF
Listing ID
14593385
Last Updated
over 1 year ago

Highlights

  • 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

Description

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.

Map of 1074 Sycamore Ave., Kingman, AZ 86409 (Mohave County)

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Created 4/24/2006