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938 S CHURCH Avenue Superior, AZ 85173
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Key Details
Sold Price $220,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Belmont Addition
MLS Listing ID 6174698
Sold Date 05/20/21
Originating Board Arizona Regional Multiple Listing Service (ARMLS)
Year Built 1952
Annual Tax Amount $778
Tax Year 2020
Lot Dimensions 8730
Property Description
Passive income at its finest with this truly ''turnkey'' duplex just outside of Phoenix Metro. Where else can you find a fully remodeled duplex with a CAP rate hovering at 9%!! Each unit is complete with 3 beds, 2 baths, tankless water heaters, granite counters, new cabinets, newer Trane AC units and each unit their own 200 amp electric meters. Owner only pays water and sewer! Established tenants paying $995 each making the gross income of this building nearly $24k/yr. There is a massive housing shortage in this area with more so on the horizon with the new copper mine opening in less than 3 years. This property has everything you could want-it's turnkey, fully rented,remodeled in the past year, high rents/cap rate, and massive upside with continued shortage of housing in the area. This one will go fast!!
Location
State AZ
County Pinal
Community Belmont Addition
Zoning GR
Direction Us-60 East towards Globe, turn right onto Church Ave, left onto W Crowe St, 1st right onto S Church Ave and property is on the right.
Interior
Heating Electric
Cooling Ceiling Fan(s), Electric, Heat Pump
Flooring Concrete
Appliance F/S Oven/Range, Microwave, W/D Hookup
Exterior
Parking Features Paved Parking, <1 Space Per Unit
Community Features No Pool
Roof Type Composition
Total Parking Spaces 4
Building
Sewer Public Sewer
Water City Franchise
New Construction No
Schools
Elementary Schools John F Kennedy Elementary School
Middle Schools Superior Junior High School
High Schools Superior Senior High School
School District Superior Unified School District
Others
Senior Community No
Tax ID 105-05-210-A
Acceptable Financing Conventional, 1031 Exchange, FHA, VA Loan
Listing Terms Conventional, 1031 Exchange, FHA, VA Loan
Financing Conventional
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Bought with Dalton Realty