$650,000
$650,000
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458 W ELM Street Nogales, AZ 85621
Key Details
Sold Price $650,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision City Of Nogales
MLS Listing ID 6605640
Sold Date 10/25/23
Originating Board Arizona Regional Multiple Listing Service (ARMLS)
Year Built 1964
Annual Tax Amount $2,614
Tax Year 2022
Lot Dimensions IRREGULAR
Property Description
Phenomenal investment opportunity to own a 12 unit multi-family property in the heart of downtown Nogales! Property is comprised of ten 2-bedroom units and two 3-bedroom units, all at full occupancy, with a majority of the tenant 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 miles 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, do not miss out!
Location
State AZ
County Santa Cruz
Community City Of Nogales
Zoning NOG-MFR
Direction Start on N. Grand Avenue and W. Elm Street, head West on W. Elm Street to address on right hand side - 458 W. Elm Street
Interior
Flooring Vinyl
Appliance None
Exterior
Parking Features Paved Parking, Free, Street Parking
Community Features No Pool
Roof Type Built-Up,Rolled/Hot Mop
Total Parking Spaces 12
Building
Sewer Public Sewer
Water City Franchise
New Construction No
Schools
School District Nogales Unified District
Others
Senior Community No
Tax ID 101-43-027
Acceptable Financing Other (See Remarks), Conventional
Listing Terms Other (See Remarks), Conventional
Financing Cash
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Bought with Tierra Antigua