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4220 N Granada Dr 12 Unit Apartment Building $995,000 ($82,917/Unit) 6.25% Cap Rate Eloy, AZ 85131
Investment Highlights
- Well Maintained Owner Managed
- Value Add Improvements to Drive Higher Rents
- Room On Rents IN Housing Demand Eloy
- All Leases Are Month To Month
Executive Summary
Residential Financing Opportunity* for 12 Units- 3 separate Parcels With Diverse Easy to Lease Unit Mix Of 4-2 Bedrooms 4- 1 Bedrooms and 4- Studio Apartments. Solid Block Construction With Well Maintained Roof and AC Units, Units Have Tile In Kitchen, Living and Full Baths With Tubs. All Units Have Private Back Doors, Lots Of Parking, Lighting and Coin Laundry On Site For Extra Income. Lots of Room On Rents, Market are $875+ for 2 Bedrooms $700+ for 1 Bedrooms and $550+ for Studios, Eloy is a growing manufacturing Hub with demand for housing. This is an opportunity to get in before the market climbs. All Facts and Figures Approximate, Buyer To Verify To Their Own Satisfaction.
Property Facts
| Price | $995,000 | Property Subtype | Apartment |
| Price Per Unit | $82,917 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 6.25% | Lot Size | 1.08 AC |
| Gross Rent Multiplier | 11.25 | Building Size | 6,864 SF |
| No. Units | 12 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1964 |
| Price | $995,000 |
| Price Per Unit | $82,917 |
| Sale Type | Investment |
| Cap Rate | 6.25% |
| Gross Rent Multiplier | 11.25 |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.08 AC |
| Building Size | 6,864 SF |
| No. Stories | 1 |
| Year Built | 1964 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | - | 598 |
| 2+2 | 4 | - | 728 |
1 1
Not walkable
10/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 403-06-144B | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $8,873 |
Property Taxes
Parcel Number
403-06-144B
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$8,873
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Contact the Sale Advisor
4220 N Granada Dr