434 S Hill St 4 Unit Apartment Building $449,000 ($112,250/Unit) 6.29% Cap Rate Globe, AZ 85501

434 S Hill St presents an opportunity to acquire a fully occupied Victorian-style fourplex in the historic community of Globe, Arizona. Situated on a 7,747-square-foot parcel, the property consists of four residential units across two buildings, including a detached cottage that is separately metered for electric service. Renovated in 2024, the asset combines historic character with recent improvements and offers multiple income strategies for investors seeking long-term rental stability or furnished housing opportunities.
The unit mix includes a combination of one-bedroom and two-bedroom residences, with several units furnished and configured for immediate occupancy. One detached cottage benefits from separate utility metering, while the property's layout provides operational flexibility across the unit mix. The offering is currently reported at 100% occupancy, with ownership indicating that the owner-occupied unit will be delivered vacant at closing and an additional unit is currently vacant, creating opportunities for lease-up, repositioning, or owner occupancy.
Located near downtown Globe, the property benefits from proximity to local employers, healthcare services, educational institutions, retail amenities, and the area's established mining industry. Residents enjoy convenient access to restaurants, community services, outdoor recreation in the Pinal Mountains and Tonto National Forest, and regional attractions including Apache Gold Casino Resort. Globe serves as an employment and commercial hub for Gila County, supporting year-round housing demand from local residents and workforce tenants.