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458 W Elm Street

Nogales, AZ 85621
  • $650,000
  • STATUS: Closed
  • ID#: 22318247
Sold - 03/13/2024
$650,000
SOLD - 03/13/2024
  • 0
    BEDS
  • 0.84
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 9,575
    SQFT
  • $0
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1964
County:

School Ratings & Info

Courtesy of Realty Executives Arizona Territory.

Description

Phenomenal investment opportunity to own a 12 unit multi-family property in the heart of downtown Nogales! Property is comprised of ten two-bedroom and two three-bedroom units, all at full occupancy, with a majority of the tenants being long term renters! Ten of the units are on month to month leases with two of the units on year leases through the Nogales Housing Authority. Utilities are separately metered! Located 0.1 of a mile away from Sacred Heart of Jesus Parish, units are walking distance to all the amenities that downtown Nogales has to offer! At a 9.38% capitalization rate and an annual gross scheduled rent of $67,200.00, do not miss out!

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MLS of Southern Arizona (Tucson Association of Realtors) logo Listing information Copyright 2024 MLS of Southern Arizona. All Rights Reserved. Data last updated: 2024-07-23T00:07:16.43.
The data relating to real estate listings on this website comes in part from the Internet Data Exchange (IDX) program of Multiple Listing Service of Southern Arizona. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listings provided by brokerages other than Tucson Property Executives are identified with the MLSSAZ IDX Logo. All Information Is Deemed Reliable But Is Not Guaranteed Accurate.
www.tucsonproperty.com/homes/142766472
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458 W Elm Street Nogales, AZ 85621

  • Price: $650,000
  • Status: Closed
  • On Site: Days
  • ID#: 22318247
0
Beds
0
Baths
0
½ Baths
0.84
Acres
9,575
SQFT
$0
$/SQFT
1964
Built
Neighborhood:
Scc-Nogales East
County:
Santa Cruz
Area:
Scc-Nogales East
Property Description
Phenomenal investment opportunity to own a 12 unit multi-family property in the heart of downtown Nogales! Property is comprised of ten two-bedroom and two three-bedroom units, all at full occupancy, with a majority of the tenants being long term renters! Ten of the units are on month to month leases with two of the units on year leases through the Nogales Housing Authority. Utilities are separately metered! Located 0.1 of a mile away from Sacred Heart of Jesus Parish, units are walking distance to all the amenities that downtown Nogales has to offer! At a 9.38% capitalization rate and an annual gross scheduled rent of $67,200.00, do not miss out!
Exterior Features

Construction Slump Block Fence Block Landscape Front Flower BedsLow CareShrubsTrees Landscape Rear Low CareShrubsTrees Parking Paved ParkingShared Road Type Paved Roof Built-Up - ReflectRolled

Interior Features

Main Cooling Ceiling Fan(s)Evaporative Cooling Main Heating Natural GasOther Water Heater Natural Gas

Property Features

Analysis Cap Rate Percent 9.38 Analysis Exp Percent Of Gross 9.30 Analysis Exp Sqft 0.65 Analysis Gross Rent Multi 9.67 Analysis Vacancy Rate Percent 0.00 Assessments 0.00 Country USA Electric Electric Company Unisource Expenses Admin Expenses 0.00 Expenses Captial Expenses 0.00 Expenses Contract Services 0.00 Expenses Figures Presented Proforma Expenses Gas Electric 0.00 Expenses Insurance 3633.00 Expenses Maintenance Supplies 0.00 Expenses Management 0.00 Expenses Other Expenses 0.00 Expenses Resident Manager 0.00 Expenses Taxes Assessments 2614.08 Expenses Water Sewer 0.00 Fema Flood Zone TBD Fire Protection Included in Taxes Freeway Highway Up to 1 Mile Gas Natural Income Adjusted Gross 67200.00 Income Gross Scheduled Rent 67200.00 Income Net Opp Income 60952.92 Income Other Income 0.00 Income Total Expenses 6247.08 Income Vacancy Loss 0.00 Lot Dimensions Irregular Lot Features Hillside LotNorth/South ExposureSubdivided Lot Sqft 36750.00 Multi Tenant Yes Municipal Flood Zone TBD Municipality Zoning SCC - MFR Property Disclosures Seller Prop Disclosure Property Features Smoke Detector Property Sub Type Apartment Security None Sewer Connected Short Sale No Source Of Sqft Assessor Special Conditions None Tax Year 2022 Taxes 2614.08 Terms CashConventionalSubmit Water City

Listing provided by Realty Executives Arizona Territory: (520) 207-0903. Listing information © 2024 MLS of Southern Arizona.


MLS of Southern Arizona (Tucson Association of Realtors) logo Listing information Copyright 2024 MLS of Southern Arizona. All Rights Reserved. Data last updated: 2024-07-23T00:07:16.43.
The data relating to real estate listings on this website comes in part from the Internet Data Exchange (IDX) program of Multiple Listing Service of Southern Arizona. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listings provided by brokerages other than Tucson Property Executives are identified with the MLSSAZ IDX Logo. All Information Is Deemed Reliable But Is Not Guaranteed Accurate.
 
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Tucson Property Executives
180 W Magee Rd #110
Tucson AZ, 85704
Courtesy of Realty Executives Arizona Territory.