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

24 SHADY Lane, Duncan, AZ 85534 (MLS# 6783049)