Bought with Mirna I Valdez • Tierra Antigua Realty
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Key Details
Sold Price $650,000
Property Type Commercial
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Square Footage 9,575 sqft
Price per Sqft $67
MLS Listing ID 22318247
Sold Date 03/13/24
Year Built 1964
Annual Tax Amount $2,614
Tax Year 2022
Lot Size 0.844 Acres
Acres 0.84
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!
Location
State AZ
County Santa Cruz
Area Scc-Nogales East
Zoning SCC - MFR
Interior
Hot Water Natural Gas
Heating Natural Gas, Other
Cooling Ceiling Fan(s), Evaporative Cooling
Exterior
Parking Features Paved Parking, Shared
Fence Block
Roof Type Built-Up - Reflect,Rolled
Road Frontage Paved
Building
Lot Description Hillside Lot, North/South Exposure, Subdivided
Sewer Connected
Water City
Structure Type Slump Block
Others
Acceptable Financing Cash, Conventional, Submit
Listing Terms Cash, Conventional, Submit
Special Listing Condition None
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Ben Gutierrez
Team Lead / Realtor | License ID: SA685872000
Team Lead / Realtor License ID: SA685872000