8220 W Monaco Boulevard, Arizona City, AZ 85123
$485,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$485,000
Last Modified:
2/24/2025
Description
8-CAP w/ Amazing Remodel! NEW ROOF!
Fully occupied triplex w/ seasoned tenants, all units recently renovated & well maintained earning $4,370/mo. You won't find a higher CAP rate for such an upgraded property!
Arizona City projected to be among highest appreciating markets in AZ, minutes from new Lucid, Nikola, Kohler & other manufacturers, who are investing $3B+ and 8,000+ new jobs in the immediate area. Stable tenant base. Low crime.
Tremendous cashflow investment with A+ management in place if you choose to keep them. Convert unused garage into additional 1BR unit for value add opportunity. Transferrable home warranty from owner/agent.
More Information MLS# 6482255
Contract Info
Current Price: $485,000
Sold Price: $485,000
Status: Closed
List Date: 2022-10-27
Ownership: Fee Simple
Location Tax Legal
Map Code/Grid: Z43
House Number: 8220
Compass: W
Street Name: Monaco
St Suffix: Boulevard
City/Town Code: Arizona City
State/Province: AZ
Zip Code: 85123
Zip4: 6656
Country: USA
County Code: Pinal
Subdivision: ARIZONA CITY UNIT THREE
Assessor Number: 408-06-006-0
Tax Year: 2022
General Property Description
Lot Size Dimensions: 74X135X11
Year Built: 1980
Uncvrd Parking Spcs: 3
Total # of Units: 3
# of Buildings: 1
Zoning: CR-5
Flood Zone: No
Elementary School District: Toltec Elementary District
High School District: Casa Grande Union High School District
Elementary School: Toltec Elementary School
Jr. High School: Toltec Elementary School
High School: Casa Grande Union High School
Remarks Misc
Cross Street: W MONACO BLVD & S CHERRY HILLS DR
Directions: SUNLAND GIN TO MONACO, TURN EAST. ON CORNER OF CHERRY HILLS AND MONACO
Geo Lat: 32.740792
Geo Lon: -111.656102
Status Change Info
Status Change Date: 2022-12-21
Off Market Date: 2022-12-21
Under Contract Date: 2022-11-19
Close of Escrow Date: 2022-12-20
Sold Price: $485,000
Legal Info
Township: 08S
Range: 07E
Section: 07
Lot Number: 1599
Income Expenses
Gross Annual Sch Inc: 4370
Net Operating Income: 38826
1 Bedroom Units
# 1 Bedroom Units: 1
Avg Rent: 1150
Avg SqFt: 672
3 Bedrooms Units
# 3 Bedroom Units: 2
Avg Rent: 1652
Avg SqFt: 1344
# Baths: 2
Sold Info
Loan Type: Conventional
Loan Years: 30
Payment Type: Fixed
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession to Buyer: 1000
Seller Concession $/%: $
Property Features
Project Type: Tri-Plex
Construction: Frame - Wood
Const - Finish: Brick Trim/Veneer
Roofing: Comp Shingle; Built-Up
Floors: Concrete; Ceramic Tile
Sale Includes: Land & Building
Community Amenities: No Pool
Interior Amenities: Unfurnished; Fire/Smoke Alarm(s)
Appliances Included: BI Oven/Range; F/S Oven/Range; Refrigerator; Dishwasher; Disposal; Washer/Dryer
Heating: Heat Pump
Cooling: Window/Wall Unit; Central A/C
Water: City Franchise
Sewer: Sewer - Private
Electric: APS
Gas: None
Parking: Garage; Street Parking; 1 Space/Unit; Paved Parking
Owner Pays: Water
Tenant Pays: Electric; Cable TV
Source of Fincl Data: Provided by Owner
Special: Owner/Agent
Showing Notification Methods: Text
Lockbox Type: None
Existing 1st Loan: Treat as Free&Clear
Existing 1st Ln Type: Not Applicable
Existing 1st Ln Trms: Not Applicable
Existing 2nd Loan: Treat as Free&Clear
Existing 2nd Ln Type: Not Applicable
Existing 2nd Ln Trms: Not Applicable
Existing 3rd Loan: Treat as Free&Clear
Existing 3rd Ln Type: Not Applicable
Existing 3rd Ln Trms: Not Applicable
Existing Othr Ln Trm: Not Applicable
New Financing: CTL; VA; FHA; Conventional; 1031 Exchange
Environmental: None
Documents
Renovations List ›Listing Office: West USA Realty
Last Updated: February - 24 - 2025
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