This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
44004 W Grand Ave
Morristown, AZ 85342
Garden City Cottages · Multifamily Property For Sale
·
8 Units
INVESTMENT HIGHLIGHTS
- Quiet Country Setting
- Opportunity to increase income
- 100% Occupancy w/Strong Rental Record
PROPERTY FACTS
| No. Units | 8 | Building Size | 5,534 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Garden | Year Built/Renovated | 1935/2006 |
| Lot Size | 11.20 AC | ||
| Zoning | M-M | ||
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Lot Size | 11.20 AC |
| Building Size | 5,534 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1935/2006 |
| Zoning | M-M |
ABOUT 44004 W GRAND AVE , MORRISTOWN, AZ 85342
8 Units at the Top of the Hill! Garden City in Morrsitown sits on 2 Large Tax Parcels (503-23-001-S,503-23-001-T) Totaling 11.2 Acres with Amazing Territorial Views! Own a piece of History with these Individual Cottages, once part of the Garden City Resort, then turned Motel! Now Individually Leased with the Unit Mix featuring 5 One Bed/One Bath & 3 Studio Units. Rents total $5215 per month @ 100% Occupancy! There is opportunity to increase the already stable income by raising rents, adding units that are supported with available land and one lot with Utilities Already in Place! There is also the ability to host RV owners with hookups available and room for owners that can "dry camp". There is a Very Strong Rental History. Great Location just Minutes from Wickenburg, the Team Roping Capital of the World and Equestrian Paradise! Many improvements to the property, including a New Septic System and a Private Water System that has had recent improvements! Seller owns the Coin-Op Laundry and on site storage.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 5 | $745.00 | 630 - 792 |
| Studios | 3 | $670.00 | 300 - 410 |
PROPERTY TAXES
| Parcel Number | 503-23-001T | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $49,376 |
PROPERTY TAXES
