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24 SHADY Lane, Duncan, AZ 85534
$649,999














Property Type:
Multiple Dwellings
Status:
Active
Current Price:
$649,999
Last Modified:
3/14/2025
Description
Seize this lucrative investment opportunity with a 15.62% cap rate in a high-demand rental area near the Morenci Mine. This property spans 41,102 sq. ft. and features 7 park owned mobile homes. 5 Single-Wide Homes with 840 sf, each with 3 bed, 2 baths. 2 Double-Wide Homes with one at 1456 sf, the other with 1120 sf, both with 3 bed, 2 baths. Individually metered for gas/electric, 3 septic systems and a well water supply. Duncan is known for its rich history & serene environment, offering a welcoming vibe. Town provides local dining, shops and annual events while outdoor enthusiasts enjoy hiking & fishing in nearby Greenlee County. Close to US Route 70 ensures convenient access to nearby cities & amenities. This property is easy to manage with steady tenancy & excellent returns.
More Information MLS# 6783049
Contract Info
Current Price: $649,999
List Price: $649,999
Status: Active
List Date: 2024-11-12
Ownership: Fee Simple
Location Tax Legal
House Number: 24
Street Name: SHADY
St Suffix: Lane
City/Town Code: Duncan
State/Province: AZ
Zip Code: 85534
Zip4: 8386
Country: US
County Code: Greenlee
Assessor Number: 300-54-063
Tax Year: 2024
General Property Description
Lot Size Dimensions: 432.98 x 97.81 x 422.19 x 98.59
Year Built: 2001
Uncvrd Parking Spcs: 7
Total # of Units: 7
# of Buildings: 7
Zoning: MHP
Flood Zone: No
Elementary School District: Duncan Unified District
High School District: Duncan Unified District
Elementary School: Duncan Elementary
Jr. High School: Duncan Elementary
High School: Duncan High School
Remarks Misc
Cross Street: Highway 75 Mi Post 395.2, York, AZ 85534
Directions: I-10 E to US-60 E, to Main St to property.
Geo Lat: 32.917626
Geo Lon: -109.197292
Status Change Info
Status Change Date: 2024-11-12
Legal Info
Township: 06S
Range: 31E
Section: 17
Block: 13
Lot Number: N/A
Income Expenses
Gross Annual Sch Inc: 117600
Net Operating Income: 101544
Showing Notification Methods
Showing Service: No Showing Service Used
3 Bedrooms Units
# 3 Bedroom Units: 7
Avg Rent: 1400
Avg SqFt: 968
# Baths: 2
Mobile Home Prk Info
Total Number Spaces: 7
# Single Wide Spaces: 5
# Double Wide Spaces: 2
# Park Owned Units: 7
Property Features
Project Type: 5 - 12 Units; Mobile Home Park
Other Type: Packaged Offering
Construction: Wood Frame; Steel Frame
Const - Finish: Painted; Siding
Roofing: Composition; Other
Floors: Vinyl; Wood; Carpet
Sale Includes: Land & Building; Personal Property; Other (See Remarks)
Community Features: No Pool
Exterior Amenities: Other (See Remarks)
Interior Amenities: Fire/Smoke Alarm(s)
Appliances Included: Built-In Range; Refrigerator; W/D Hookup
Heating: Natural Gas; Central
Cooling: Ceiling Fan(s); Window/Wall Unit; Central Air
Water Source: Domestic Well; See Remarks
Sewer: Septic Tank; Septic in & Cnctd
Electric: Individual Meter
Gas: Individual Meter
Parking Features: >1 Space Per Unit
Owner Pays: Water; Electric; Landscaping
Tenant Pays: Electricity; Gas; Trash Collection
Source of Fincl Data: Owner
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
Existing 1st Loan: Private
New Financing: Cash; Conventional
Environmental: None
Listing Office: Better Homes & Gardens Real Estate SJ Fowler
Last Updated: March - 14 - 2025

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