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450 Palm Dr 4 Unit Apartment Building $625,000 ($156,250/Unit) 6.57% Cap Rate Wickenburg, AZ 85390
Executive Summary
Fully rented fourplex in the heart of Wickenburg--an excellent investment opportunity with immediate income potential! Ideally located within walking distance to historic downtown Wickenburg, this property offers convenience to shopping, dining, and local amenities. Each of the four units features 2 bedrooms and 1 bathroom, providing desirable layouts for tenants and strong rental appeal. With all units currently occupied, this is a turnkey income-producing property ready for its next owner. Whether you're looking to expand your portfolio or secure a solid investment in a growing market, this well-located multi-family property is a must-see!
Property Facts
| Price | $625,000 | Building Class | B |
| Price Per Unit | $156,250 | Lot Size | 0.09 AC |
| Sale Type | Investment | Building Size | 2,500 SF |
| Cap Rate | 6.57% | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1986 |
| Property Subtype | Apartment | Parking Ratio | 1.6/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | D - Duplex / RM-1 | ||
| Price | $625,000 |
| Price Per Unit | $156,250 |
| Sale Type | Investment |
| Cap Rate | 6.57% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.09 AC |
| Building Size | 2,500 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1986 |
| Parking Ratio | 1.6/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | D - Duplex / RM-1 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 4 | $1,100 | - |
1 1
Somewhat walkable
30/100
Very drivable
80/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 505-08-004E | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $10,245 |
Property Taxes
Parcel Number
505-08-004E
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$10,245
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450 Palm Dr