$485,000
Arizona City, AZ 85123
MLS# 6482255
Status: Closed
1 / 61
Property 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.
Details
Maps
Documents
Contract Info
Ownership: Fee Simple
Current Price: $485,000
Sold Price: $485,000
Status: Closed
List Date: 2022-10-27
Location, Tax & Legal
Assessor's Map #: 6
Assessor's Parcel #: 6
Assessor Parcel Ltr: 0
Add'l Parcels: No
Tax Municipality: Pinal - COUNTY
Census Tract: 2101
Taxes: 1057
Tax District: 0
Legal: LOT 1599 ARIZONA CITY UNIT THREE CAB 10 SLD 1
Marketing Name: 8-CAP Remodeled Triplex
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
County Code: Pinal
Subdivision: ARIZONA CITY UNIT THREE
Assessor Number: 408-06-006-0
Tax Year: 2022
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 3
Lot Size Dimensions: 74X135X11
Flood Zone: No
Total # of Units: 3
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
Year Built: 1980
Zoning: CR-5
Legal Info
Range: 07E
Section: 07
Township: 08S
Lot Number: 1599
Project Type
Tri-Plex: 1
Construction
Wood Frame: 1
Const - Finish
Brick Veneer: 1
Roofing
Composition: 1
Built-Up: 1
Floors
Concrete: 1
Ceramic Tile: 1
Sale Includes
Land & Building: 1
Income & Expenses
Annual Elec Exp: 0
Annual Ins Exp: 1271
Annual Landscape Exp: 0
Annual Maint Exp: 2050
Annual Mgmt Exp: 5079
Annual Trash Exp: 648
Annual Wtr/Swr Exp: 887
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 10992
Other Income: 0
Vacancy Allowance: 0.05
Adjusted Gross Inc: 4151.5
Total Monthly Rental Income: 4455
Pmt & Rate Info
Cap Rate: 8.01
Equity: 485000
Down Payment %: 0
Monthly Payments: 1435
Total Owed: 0
Showing Notification Methods
Text: 1
Lockbox Type
None: 1
Community Features
No Pool: 1
Heating
Heat Pump: 1
Cooling
Central Air: 1
Window/Wall Unit: 1
Interior Features
Unfurnished: 1
Fire/Smoke Alarm(s): 1
Tenant Pays
Electricity: 1
Cable TV: 1
Appliances Included
Dishwasher: 1
Disposal: 1
Refrigerator: 1
Built-In Range: 1
Free-Standing Range: 1
Washer/Dryer: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Water Source
City Franchise: 1
Sewer
Sewer - Private: 1
Parking Features
Garage: 1
On Street: 1
1 Space/Unit: 1
Paved: 1
Electric
APS: 1
Gas
None: 1
Owner Pays
Water: 1
Sewer: 1
New Financing
Cash to Loan: 1
VA: 1
Conventional: 1
FHA: 1
1031 Exchange: 1
Special
Owner/Agent: 1
Existing 1st Loan
Treat as Free&Clear: 1
Existing 1st Loan Type
Not Applicable: 1
Existing 1st Loan Terms
Not Applicable: 1
Existing 2nd Loan
Treat as Free&Clear: 1
Existing 2nd Loan Type
Not Applicable: 1
Existing 2nd Loan Terms
Not Applicable: 1
Existing 3rd Loan
Treat as Free&Clear: 1
Existing 3rd Loan Type
Not Applicable: 1
Reports/Disclosures
Seller Prop Disc Stm: 1
Existing 3rd Loan Terms
Not Applicable: 1
Environmental
None: 1
Existing Othr Ln Trm
Not Applicable: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
# 1 Bedroom Units: 1
Avg Rent: 1150
Avg SqFt: 672
2 Bedroom Units
Avg Rent: 0
3 Bedrooms Units
# 3 Bedroom Units: 2
Avg Rent: 1652
Avg SqFt: 1344
# Baths: 2
4 Bedrooms Units
Avg Rent: 0
Sold Info
Loan Type: Conventional
Loan Years: 30
Closing Cost Split: Normal - N
Payment Type: Fixed
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 1000
Seller Concession $/%: $
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
Off Market Date: 2022-12-21
Under Contract Date: 2022-11-19
Close of Escrow Date: 2022-12-20
Sold Price: $485,000
Income Expenses
Gross Annual Sch Inc: 4370
Net Operating Income: 38826
Property Features
Project Type: Tri-Plex
Construction: Wood Frame
Const - Finish: Brick Veneer
Roofing: Composition; Built-Up
Floors: Concrete; Ceramic Tile
Sale Includes: Land & Building
Community Features: No Pool
Interior Features: Unfurnished; Fire/Smoke Alarm(s)
Appliances Included: Built-In Range; Free-Standing Range; Refrigerator; Dishwasher; Disposal; Washer/Dryer
Heating: Heat Pump
Cooling: Window/Wall Unit; Central Air
Water Source: City Franchise
Sewer: Sewer - Private
Electric: APS
Gas: None
Parking Features: Garage; On Street; 1 Space/Unit; Paved
Road Surface Type: Asphalt
Owner Pays: Water
Tenant Pays: Electricity; Cable TV
Source of Fincl Data: Owner
Special: Owner/Agent
Showing Notification Methods: Text
Lockbox Type: None
Existing 1st Loan: Treat as Free&Clear
Existing 1st Loan Type: Not Applicable
Existing 1st Loan Terms: Not Applicable
Existing 2nd Loan: Treat as Free&Clear
Existing 2nd Loan Type: Not Applicable
Existing 2nd Loan Terms: Not Applicable
Existing 3rd Loan: Treat as Free&Clear
Existing 3rd Loan Type: Not Applicable
Existing 3rd Loan Terms: Not Applicable
Existing Othr Ln Trm: Not Applicable
New Financing: Cash to Loan; VA; FHA; Conventional; 1031 Exchange
Environmental: None
Renovations List 
Listing Office: West USA Realty
Last Updated: April - 06 - 2026
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