$1,400,000
Casa Grande, AZ 85122
MLS# 6957380
1 / 24
Property Description
Excellent investment opportunity featuring 7 townhome units with strong rental appeal. Each unit is individually parceled and includes an attached 2-car garage, adding long-term value and tenant appeal. Units #19-27 share the same well-designed floor plan and include a den that can easily function as a third bedroom or home office (note: den does not have a closet). #29 is a 2-story 3 bedroom unit.
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $1,400,000
List Price: $1,400,000
Status: Active
List Date: 2025-12-12
Location, Tax & Legal
Assessor's Map #: 45
Legal Description (Abbrev): LOT 25 TIERRA PALMAS TOWNHOUSES CAB A SLD 44
Assessor's Parcel #: 96
Assessor Parcel Ltr: 0
Add'l Parcels: Yes
Tax Municipality: Casa Grande
Census Tract: 1306
Taxes: 5878.94
Legal: LOT 5,19,20,21,22,23,27 TIERRA PALMAS TOWNHOUSES CAB A SLD 44
Marketing Name: Tierra Palmas
House Number: 1915
Compass: N
Street Name: AVENIDA DE PALMAS
St Suffix: --
City/Town Code: Casa Grande
State/Province: AZ
Zip Code: 85122
Zip4: 1752
County Code: Pinal
Subdivision: TIERRA PALMAS TOWNHOUSES
Assessor Number: 504-45-096-0
Tax Year: 2025
General Property Description
# of Buildings: 3
Uncvrd Parking Spcs: 14
Lot Size Dimensions: .04
Flood Zone: No
Total # of Units: 7
Elementary School District: Casa Grande Elementary District
High School District: Casa Grande Union High School District
Elementary School: Cholla Elementary School
Jr. High School: Cactus Middle School
High School: Casa Grande Union High School
Year Built: 2003
Zoning: Res
Legal Info
Range: 06E
Section: 17
Township: 06S
Lot Number: 25
Project Type
5 - 12 Units: 1
Other Type
House + Rental Units: 1
Packaged Offering: 1
Other (See Remarks): 1
Construction
Wood Frame: 1
Const - Finish
Painted: 1
Stucco: 1
Roofing
Tile: 1
Other: 1
Floors
Laminate: 1
Tile: 1
Vinyl: 1
Ceramic Tile: 1
Carpet: 1
Sale Includes
Building(s) Only: 1
Land & Building: 1
Income & Expenses
Annual Trash Exp: 4607
Owner Association: Yes
Annual Ownr Asoc Fee: 9240
Annual Other Expense: 49235
Operating Exp: 68960.94
Other Income: 0
Vacancy Allowance: 0.05
Adjusted Gross Inc: 112218.75
Total Monthly Rental Income: 118125
Pmt & Rate Info
Cap Rate: 8.02
Equity: 1400000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Showing Service: Aligned Showings
Text: 1
Phone Call: 1
Lockbox Type
See Private Remarks: 1
Community Features
See Remarks: 1
Heating
Heat Pump: 1
Electric: 1
2 or More Units: 1
Cooling
Ceiling Fan(s): 1
Electric: 1
Exterior Amenities
Landscape Water System: 1
Interior Features
Vertical Blinds: 1
Mini Blinds: 1
Tenant Pays
Electricity: 1
Cable TV: 1
Appliances Included
See Remarks: 1
Road Access Type
Private Road: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Accountant: 1
Road Responsibility
City Maintained Road: 1
Private Maintained Road: 1
Water Source
Private: 1
Sewer
Sewer - Public: 1
Parking Features
Garage: 1
Electric
Individual Meter: 1
Gas
SW Gas: 1
Owner Pays
Trash Collection: 1
New Financing
Cash: 1
VA: 1
Conventional: 1
Existing 1st Loan
FHA: 1
Conventional: 1
Private: 1
Existing 1st Loan Terms
Not Applicable: 1
Existing 2nd Loan
Other (See Remarks): 1
Existing 3rd Loan
Other (See Remarks): 1
Existing 3rd Loan Type
Not Applicable: 1
Reports/Disclosures
None: 1
Existing 3rd Loan Terms
Not Applicable: 1
Environmental
None: 1
Existing Othr Ln Trm
Not Applicable: 1
Contact Info
List Agent Home Phn: 520-560-0161
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
# 2 Bedroom Units: 6
Avg Rent: 1300
Avg SqFt: 1100
# Baths: 2
3 Bedrooms Units
# 3 Bedroom Units: 1
Avg Rent: 1550
Avg SqFt: 1450
# Baths: 2
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Cross Street: Kortsen and Trekell
Directions: South from Kortsen on Terkell to Avenida De Palmas Blvd west to property. The road does curve around and properties are on both sides of the street.
Geo Lat: 32.905717
Geo Lon: -111.743281
Income Expenses
Gross Annual Sch Inc: 118125
Net Operating Income: 112218.75
Property Features
Project Type: 5 - 12 Units
Other Type: House + Rental Units; Packaged Offering; Other (See Remarks)
Construction: Wood Frame
Const - Finish: Painted; Stucco
Roofing: Tile; Other
Floors: Laminate; Tile; Vinyl; Ceramic Tile; Carpet
Sale Includes: Building(s) Only; Land & Building
Community Features: See Remarks
Exterior Amenities: Landscape Water System
Interior Features: Vertical Blinds; Mini Blinds
Appliances Included: See Remarks
Heating: Heat Pump; 2 or More Units
Cooling: Ceiling Fan(s); Electric
Water Source: Private
Sewer: Sewer - Public
Electric: Individual Meter
Gas: SW Gas
Parking Features: Garage
Road Access Type: Private Road
Road Surface Type: Asphalt
Road Responsibility: City Maintained Road; Private Maintained Road
Owner Pays: Trash Collection
Tenant Pays: Electricity; Cable TV
Source of Fincl Data: Accountant
Showing Notification Methods: Text; Phone Call
Lockbox Type: See Private Remarks
Existing 1st Loan: FHA; Conventional; Private
Existing 1st Loan Terms: Not Applicable
Existing 2nd Loan: Other (See Remarks)
Existing 3rd Loan: Other (See Remarks)
Existing 3rd Loan Type: Not Applicable
Existing 3rd Loan Terms: Not Applicable
Existing Othr Ln Trm: Not Applicable
New Financing: Cash; VA; Conventional
Environmental: None
Listing Office: Wise Choice Properties
Last Updated: December - 13 - 2025
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