129 N Elm Street, Gilbert, AZ 85234
- $873,000
- 4
- BD
- 2
- BA
- List Price
- $873,000
- Status
- ACTIVE
- Days on Market
- 24
- MLS#
- 7089046
- City
- Gilbert
- Bedrooms
- 4
- Bathrooms
- 2
- Year Built
- 1956
Property Description
Wow! Fantastic Duplex sitting in the sought after Heritage District in downtown Gilbert. Essentially in the middle of the restaurants, entertainment and nightlife. This Twin Home has 2 units that are 2-BDRM 1 bath both with separate laundry. Both units are fully leased with long term tenants . RARE DOWNTOWN GILBERT DUPLEX - 8,799 SQ FT LOT -- MF/L ZONING - REMODELED UNIT - $3,095/MONTH CURRENT RENTS -PRIVATE YARDS -- 633 SQ FT GARAGE. Unit A has been fully remodeled and is approximately 756 Sq. Ft.! Unit B s approximately 1021 Sq. Ft.. The additional value in is the location, this is a rare downtown Gilbert land/property holding that produces $37,140/year in rents with long-term redevelopment potential. See Document Tab for additional property information. Do not Disturb Tenants!!
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Additional Information
- Taxes
- $1,232
- Net Operating Income
- $2,815
- Cap Rate
- 0.32
- Units
- 2
- Flooring
- Ceramic Tile
- Parking Features
- Paved, Carport, >1 Space Per Unit, Attached Garage, Attached Carport
- Construction
- Block, Painted
- Roofing
- Composition
- Cooling
- Central Air, Electric, Ceiling Fan(s)
- Heating
- Natural Gas
- Zoning
- MF/L ZONING
- Subdivision
- Cooper Add
- Community Features
- Other
- Electric
- APS
- Water
- City Franchise
- Sewer
- Public Sewer, Sewer-In & Connected
- Tenant Pays
- Electricity, Gas, Cable TV
- New Financing
- Conventional, 1031 Exchange, No Carry, Cash
- Elementary School
- Burk Elementary School
- Middle School
- Mesquite Jr High School
- High School
- Gilbert High School
Courtesy of New Perspective Realty. 480-788-9280
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