Duplex Requiring
For Sale
$79,000
343 S Bowie Ave, Willcox, AZ 85643
Vacant duplex near schools and shopping, with unfinished areas requiring additional work.
Property Size1,248 SF
Price / SF$63.30
Days on Market71
Property Features for 343 S Bowie Ave
General Information
Standard status
Active
Size
1,248 SF
Property subtype
Multi-Family
Property Condition
Severity
Repairs Needed
Evidence
in need of repairs
Additional Details
Multifamily Units
2
Building Details
Year Built
1962
Listing Agency:
DiPeso Realty
Listed By:
Rey Martinez · License #SA625849000
(520) 507-2779
Source:
Tucsonhomeseeker
Added: Aug 19
Changed: Oct 25
Last Checked: Oct 26 at 4:29PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of DiPeso Realty
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Investment Insights
Based on property information with market context.
This 1,248-square-foot duplex was built in 1962 and is currently vacant. The property is partially finished and requires repairs before occupancy or further use.
Located near schools and shopping in Willcox, the two-unit configuration provides a residential income property format with existing improvement work still to be completed.
Located near schools and shopping in Willcox, the two-unit configuration provides a residential income property format with existing improvement work still to be completed.
Key Highlights
- Duplex configuration with 1,248 square feet
- Built in 1962
- Currently vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$6,521
Cap Rate
8.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$130,420
$130.4K
Cap Rate 7%
$93,157
$93.2K
Cap Rate 9%
$72,456
$72.5K
Market Conditions
NOI Build-Up for 1,248 SF
Gross rent
$11.4K $9.12/SF
− Vacancy
−$2.1K −$1.66/SF
EGI
$9.3K $7.46/SF
− OpEx
−$2.8K −$2.24/SF
NOI
$6.5K $5.23/SF
Area
Cochise County, AZ
Vacancy
18.15%
Lease Rate
$9.12 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$130,420
Cap Rate 7%
$93,157
Cap Rate 9%
$72,456
Alternative Uses
Best Use
Multifamily LT 5
$93.2K
$81.5K – $108.7K
NOI $6,521 @ 7.0% cap · market cap 8.25%
Second Best
Apartment 5plus
$84.7K
$74.1K – $98.8K
NOI $5,930 @ 7.0% cap · market cap 7.51%
Theoretical Best
Specialty Retail
$184.9K
$161.8K – $215.8K
NOI $12,945 @ 7.0% cap · market cap 16.39%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
321
Businesses Nearby
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Business Placement
Demographics for 85643, AZ
8,208
Population
3,965
Households
2.1
Avg Household Size
41
Median Age
18%
College-Educated
83%
High-School Grad
2,206.7 sq mi
ZIP Area
4
Density / Sq Mi
$56,952
Median Household Income
$32,712
Median Earnings
$700
Median Rent
$161,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Vacant duplex near schools and shopping, with unfinished areas requiring additional work.
Where is this duplex located?
The property is located at 343 S Bowie Ave Willcox, AZ.
What is the asking price?
The asking price for this property is $79,000.
What are key features of this property?
This property features: Duplex configuration with 1,248 square feet; Built in 1962; Currently vacant
