1407 N Gilbert Avenue, Casa Grande, AZ 85122
- $995,000
- 16
- BD
- 10
- BA
- List Price
- $995,000
- Status
- ACTIVE
- Days on Market
- 47
- MLS#
- 7079908
- City
- Casa Grande
- Bedrooms
- 16
- Bathrooms
- 10
- Year Built
- 1993
Property Description
1407 North Gilbert Avenue Apartments is a 6-unit multifamily property in established north-central Casa Grande, comprised of two buildings built in 1993 (3 units) and 2008 (3 units). The mix is (4) 3-bed/1.5-bath townhome-style units and (2) 2-bed/1-bath units totaling 6,844 rentable SF on a +/-29,220 SF (0.67-acre) parcel - low density with significant excess land. Immediate value-add upside: identical floor plans currently rent at a $180 monthly spread, creating a clear interior renovation roadmap.
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Additional Information
- Taxes
- $4,657
- Net Operating Income
- $65,861
- Cap Rate
- 6.62
- Units
- 6
- Parking Features
- >1 Space Per Unit
- Construction
- Wood Frame, Steel Frame, Stucco
- Cooling
- Central Air, Varies by Unit
- Heating
- Varies by Unit, Central
- Zoning
- GR
- Subdivision
- Las Villas Amd
- Community Features
- No Pool
- Electric
- Individual Meter
- Water
- City Franchise
- Sewer
- Public Sewer
- Tenant Pays
- Water, Electricity, Gas
- New Financing
- Conventional, Cash
Courtesy of ABI Multifamily. 602-714-1400
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