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110 N FORD Street, Pearce, AZ 85625 (MLS# 6711323)

110 N FORD Street, Pearce, AZ 85625

$1,250,000
Property Type: Multiple Dwellings Status: Active
Current Price: $1,250,000 List Date: 6/21/2024 Last Modified: 6/21/2024

Description

Wonderful Cash-flowing investment with Huge Potential. 14 Apartment Units, 16 Storage Units, and Developable Space. This gorgeous opportunity is located in Pearce Arizona, also known as Sunsites, located just outside Willcox, Dragoon, Benson and Tombstone. There are approx. 71,500sf total consisting of 8 x 1 Bedroom Units Approx. 500sf each, 6 x 2 Bedroom Units Approx. 650sf Each. Work Update: 10 units have been remodeled, 1 Unit is long Term Tenant with no plans of remodeling, 3 Units currently being/will be remodeled. There are 16 Storage Units, currently offered to tenants with premium, they love it. Lastly there is approx. 36,000sf of potentially developable space located in the rear of the property. There is a cute courtyard, onsite coin laundry and room for improvements.

More Information MLS# 6711323

Contract Info

Current Price: $1,250,000 List Price: $1,250,000 Status: Active List Date: 2024-05-28 Ownership: Fee Simple Subagents: N Buyer/Broker: Y Buyer Broker $/%: %

Location, Tax & Legal

House Number: 110 Compass: N Street Name: FORD St Suffix: Street City/Town Code: Pearce State/Province: AZ Zip Code: 85625 Zip4: 4047 Country: USA County Code: Cochise Legal Description (Abbrev): LOT 6 BLOCK 10 SUN SITE HEIGHTS Subdivision: SUN SITE HEIGHTS Assessor's Map #: 14 Assessor's Parcel #: 66 Add'l Parcels: No Assessor Number: 114-14-066 Legal: LOT 6 BLOCK 10 SUN SITE HEIGHTS Census Tract: 203 Tax Municipality: Cochise - COUNTY Taxes: 5574 Tax Year: 2023 Marketing Name: Sun Site Heights

General Property Description

Lot Size Dimensions: 268 x 268 Year Built: 1969 Uncvrd Parking Spcs: 28 Total # of Units: 14 # of Buildings: 2 Zoning: 04-02 Flood Zone: No Elementary School: Pearce Elementary School Elementary School District: Pearce Elementary District High School District: Valley Union High School District

Remarks & Misc

Cross Street: Highway 91 and Justin Street Directions: West on Justin, south on Ford, property on left side of Road, 2 lot, both Storage Facility and Apartment Complex Geo Lat: 31.936256 Geo Lon: -109.830703

Status Change Info

Status Change Date: 2024-06-21

Legal Info

Block: 10 Lot Number: 6

Income & Expenses

Annual Elec Exp: 13200 Annual Gas Exp: 4000 Annual Ins Exp: 6000 Annual Landscape Exp: 2400 Annual Maint Exp: 7200 Annual Mgmt Exp: 10800 Annual Trash Exp: 1200 Annual Wtr/Swr Exp: 9900 Owner Association: No Operating Exp: 60274 Gross Annual Sch Inc: 211200 Other Income: 6600 Vacancy Allowance: 0.05 Adjusted Gross Inc: 206910 Net Operating Income: 146636

Pmt & Rate Info

Cap Rate: 11.73 Equity: 1250000

Showing Notification Methods

Showing Service: No Showing Service Used

1 Bedroom Units

# 1 Bedroom Units: 8 Avg Rent: 950 Avg SqFt: 500 # Baths: 1

2 Bedroom Units

# 2 Bedroom Units: 6 Avg Rent: 1050 Avg SqFt: 650 # Baths: 1

Property Features

Project Type: 13 - 24 Units Construction: Frame - Wood Const - Finish: Painted; Siding Roofing: Comp Shingle Floors: Vinyl; Carpet Sale Includes: Land & Building; Laundry Equipment Community Amenities: Manager Res/Office; Barbecue; Other Exterior Amenities: Landscape Wtr System; Green Landscaping; Desert Landscaping; Fenced; Partially Fenced; RV/Boat Parking; Satellite Dish; Patio/Balcony; Separate Storage Interior Amenities: Unfurnished; Fire/Smoke Alarm(s); Vertical Blinds; Mini Blinds Appliances Included: F/S Oven/Range; Refrigerator Heating: Natural Gas Cooling: Ceiling Fan(s); Window/Wall Unit; Evaporative Cooling Water: Private Franchise; Master Meter Sewer: Sewer - Public Electric: City Electric; Master Meter Gas: City Gas; Master Meter Parking: >1 Space Per Unit; Add'l Parking Avail; RV/Boat Parking Roads/Streets: Gravel; Asphalt Owner Pays: Water; Electric; Gas; Trash Collection; Landscaping Tenant Pays: Water; Sewer; Electric; Gas; Trash; Cable TV Source of Fincl Data: Projected Proforma; Other (See Remarks) Special: Unincorporated Area Showing Notification Methods: Text; Email; Phone Call Lockbox Type: See Private Remarks Existing 1st Loan: Treat as Free&Clear New Financing: Cash; Conventional Reports/Disclosures: None Environmental: None
Listing Office: Breakthrough Real Estate & Property Management
Last Updated: June - 21 - 2024
110 N FORD Street, Pearce, AZ 85625- MLS# 6711323
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

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