Address
14999 N HIGHWAY 79 --, Florence, AZ
Price
$ 850,000
Property Attributes
  • MLS#6613733
  • TypeMulti-Family
  • CountyPINAL
  • CityFlorence
  • NeighborhoodCOMM @ NE COR OF SEC 12 5S-9E TH W 1042.26 TH S54
  • Zip85132
  • StyleMultiple Dwellings
  • Year Built1997
  • Taxes$ 1389
  • Price$ 850,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
Data Source:
Arizona Regional MLS (ARMLSN)
Property Description

This listing is for 4 parcels of land, each with one manufactured home with a paying tenant (2-yr lease). Over 5 acres total. Each mobile home is 3 bedroom, 2 bath. Positive cash flow on these four 1.25 acre lots fully fenced with electronic controlled access security gate. Collect solid investor return on leases that are staggered so your owner occupant client can move into one for their primary or second home while they enjoy cash flow. These homes are recently upgraded with paint, tile floors, granite countertops and new cabinets. Serviced by clean, clear water private well. Counts for bedrooms/baths are for all 4 properties combined, as are the taxes listed and lot size. Fantastic opportunity!

Price History
10/5/2023 Listed $850,000

General Features

Sewer Septic in & Cnctd,Septic Tank
Roof Composition
Zoning GR
Construction Materials Siding,Frame - Metal
Year Built 1997
Electric Other (See Remarks)
Tenant Pays Gas,Electricity
Township 05S
Tax Year 2022
Percent Ownership Fee Simple
Gross Income 71586.0
OwnerPays Trash Collection,Water
Community Features No Pool
County Pinal
Net Operating Income 70263.0
Operating Expense 3537.0
Property Type Multiple Dwellings
Attached Garage No
Subdivision Name COMM @ NE COR OF SEC 12 5S-9E TH W 1042.26' TH S54
Garage Y/N No
Status Active
Directions From stoplight at Highway 79 and Butte in town of Florence,go south one mile. Florence Homestead is on the east side of Highway 79.
City Florence
Buyer Agent Compensation 2.50
Disclosures None
View Y/N No
High School District Florence Unified School District
Open Parking Spaces 8.0
Total Units 4
Lot Size Square Feet 0.0
Carport Y/N No
Street Name HIGHWAY 79
Tax Annual Amount 1389.0
Trash Expense 1308.0
Water Sewer Expense 840.0
Lease Renewal Y/N No
Additional Parcels Y/N Yes
Lease Considered Y/N No
Rent Control Y/N No
Days on Market 139
Standard Status Active
Occupancy Description Tenant
Elementary School District Florence Unified School District
Tax Lot F
Cap Rate 8.27
MobileHomeRemainsYN No
Buyer Agent Compensation Type %
New_sp_Financing_co_Conventional5 True
Ownership Fee Simple
Senior Community None

Interior Features

Flooring Carpet,Ceramic Tile,Vinyl
Air Conditioning Y/N Yes
Heating Y/N Yes
Street Suffix --
Electric On Property Y/N No

Exterior Features

Parking Features >1 Space Per Unit
Water Source Shared Well
Total Parking 8.0
Lot Size Area 0.0
Number of Buildings 4
Spa No
Lot Dimensions 466x466
Lot Size Acres 0.0
Road Surface Type Private Street
Covered Spaces 0.0
Crops Included Y/N No
Open Parking Y/N No
Irrigation Water Rights Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 85132

Price
AVG $850K
$850K
Taxes
AVG $1,389
$1,389
Visits
AVG 178
177
Data Provided by Inside Real Estate®
Year Built
AVG 1997
1997