This is a 40 unit apartment complex for sale in a highly desired area of Casa Grande. All 40 units are large 900 SF, 2 Bed / 1 Bath units with brand new air conditioning units and windows and interior upgrades. The property consists of 10 detached buildings with 4 units each situated on 2.5 acres of land. The owner has taken great pride with his ownership of the complex and has meticulously improved the property over the past two years. There has been very little turnover and vacancies remain near zero for the past year. Tenants have excellent parking on-site which is clean and paved close to their units. There's large common areas and a newly remolded on-site laundry room with brand new coin operated machines. The property is sub metered for Electricity and Gas. There's room to increase the rents 5-10% as the current rents are slightly below market at a very affordable rate of $650 per month. Demand for affordable units like these in Casa Grande is high and should continue to be for the foreseeable future. The new automotive factory being built in Casa Grande by Lucid Motors is estimated to bring nearly a thousand new jobs to the area and increase the demand for housing. This is a great opportunity for someone looking for a long-term stable investment with lots of upside potential. Seller prefers cash or 1031 exchange. For sale by owners and a owner is a broker. 2.00% Commission to the cooperating broker. For all inquires please call owner Jason Stewart (562) 243-9928 and please submit all offers to the following: jasonstewart83@hotmail.com
