112 S 1ST Street

    Buckeye, AZ 85326
    • $700,000
    • STATUS: Closed
    • ON SITE: 35 days
    • MLS #: 5940800
    Sold - 07/12/2019
    $700,000
    SOLD - 07/12/2019
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1990
    County:
    Area:

    School Ratings & Info

    Description

    (MOTIVATED SELLER) 2 new tenant owned units moving in July 1st! Effectually raising the CAP to 8.7! This is a low maintenance Cash cow! Look no further! You're looking at a 17 unit Mobile home park with many long term tenants sitting at an above average 7.3 CAP at asking! Not only does this property perform monthly, and continue to rake in Cash. You are looking at a value add opportunity to drive up the cash flow and value much farther! Currently there are 12 spaces filled with tenants. One home will be ready for tenants soon& 'four spaces are ready for homes and tenants, one needs electric hooked up and the final space just needs a pedestal and the hookups, then you are good to go! Property potential is up to a 10.65 CAP on pro-forma! What else do you need to know? Call immediately!

    Monthly Payment Calculator



    © 2019 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than The Kenny Klaus Team | Keller Williams Integrity First. Data last updated 2019-07-23T09:10:14.61.
    www.klausteam.com/homes/95999331

    112 S 1ST Street Buckeye, AZ 85326

    • Price: $774,900
    • Status: Closed
    • Updated: 49 min ago
    • MLS #: 5940800
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1990
    Built
    Neighborhood:
    Buckeye Blk 22-27, 34-36
    County:
    Maricopa
    Area:
    Buckeye
    School District:
    033 - Buckeye Elementary District
    Property Description
    (MOTIVATED SELLER) 2 new tenant owned units moving in July 1st! Effectually raising the CAP to 8.7! This is a low maintenance Cash cow! Look no further! You're looking at a 17 unit Mobile home park with many long term tenants sitting at an above average 7.3 CAP at asking! Not only does this property perform monthly, and continue to rake in Cash. You are looking at a value add opportunity to drive up the cash flow and value much farther! Currently there are 12 spaces filled with tenants. One home will be ready for tenants soon& 'four spaces are ready for homes and tenants, one needs electric hooked up and the final space just needs a pedestal and the hookups, then you are good to go! Property potential is up to a 10.65 CAP on pro-forma! What else do you need to know? Call immediately!
    Exterior Features

    Construction Other (See Remarks) Construction Finish Other (See Remarks) Covered Parking Spaces 0.00 Exterior Amenities Other (See Remarks) Lot Size Dimensions 32582.88 Parking Free Roads Dirt/Gravel Roofing Other (See Remarks) Total Parking Spaces 0.00

    Interior Features

    1 Bedroom Unit Avg Sq Ft 0 1 Bedroom Unit Baths 0 2 Bedroom Unit Avg Sq Ft 0 2 Bedroom Units Baths 0 3 Bedroom Unit Avg Sq Ft 0 3 Bedroom Unit Baths 0 4 Bedroom Unit Avg Sq Ft 0 4 Bedroom Unit Baths 0 Appliances Included None Cooling None Efficiency Unit Avg Sq Ft 0 Efficiency Unit Baths 0 Floors Other (See Remarks) Heating None Interior Amenities Other (See Remarks)

    Property Features

    1 Bedroom Unit Avg Rent 0.00 1 Bedroom Units 0 2 Bedroom Unit Avg Rent 0.00 2 Bedroom Units 0 3 Bedroom Unit Avg Rent 0.00 3 Bedroom Units 0 4 Bedroom Unit Avg Rent 0.00 4 Bedroom Units 0 Adjusted Gross Inc 64800.00 Annual Elec Exp 0.00 Annual Gas Exp 0.00 Annual Ins Exp 1000.00 Annual Land Lse Exp 0.00 Annual Landscape Exp 0.00 Annual Legal And Acctg 0.00 Annual Maint Exp 0.00 Annual Mgmt Exp 0.00 Annual Other Expense 0.00 Annual Ownr Asoc Fee 0.00 Annual Pad Fee 0.00 Annual Rplcmnt Rsrvs 0.00 Annual Trash Exp 1080.00 Annual Wtr Swr Exp 4264.00 Community Amenities No Pool Cross Street Monroe & 1st St Efficiency Unit Avg Rent 0.00 Efficiency Units 0 Electric City ElectricIndividual Meter Gas None Gross Annual Sch Inc 64800.00 Hoa YN No Mobile Home Park Total Number Spaces 17 Net Operating Income 56478.00 New Financing Other (See Remarks) Operating Exp 8322.00 Other Income 0.00 Owner Pays WaterSewerTrash Payment Includes PrincipalInterest Project Type Mobile Home Park Sale Includes Other (See Remarks) Sewer Sewer - Public Source Of Financial Data Provided By Owner Tax Municipality Buckeye Taxes 1978.00 Tenant Pays ElectricCable TvOther (See Remarks) Vacancy Allowance 0.00 Water Master MeterCity Franchise Zoning Multifamily

    Listing courtesy of S. J. Fowler Real Estate, Inc..


    © 2019 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than The Kenny Klaus Team | Keller Williams Integrity First. Data last updated 2019-07-23T09:10:14.61.
     
    The Kenny Klaus Team | Keller Williams Integrity First
    2919 S. Ellsworth Rd., #133
    Mesa AZ, 85212