Updated Multifamily
415 W TENTH ST Casa Grande, AZ 85131
For Sale
Contact for pricing
Updated apartment units with fenced backyards generating actual trending gross rents.
Property Size7,795 SF
Price / SF$246.95
Days on Market69
Property Features for 415 W TENTH ST
General Information
- Standard status
- Active
- Size
- 7,795 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1984
Listing Agency:
Keller Williams Arizona Realty
Listed By:
Rick Horst · License #SA640657000
Source:
Crexi
Added: May 18
Changed: Jul 23
Last Checked: Jul 24 at 1:06PM
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 Keller Williams Arizona Realty
Investment Insights
Based on property information with market context.
This multifamily apartment property offers an updated unit mix within a residential income setting. Units feature fenced backyards, supporting more private outdoor space for residents.
According to the provided remarks, gross rents reflect actual trending performance, with current gross rents listed at $152,290.00 and trending gross rents noted at $165,240.00.
The property is presented for sale and includes both the updated interior condition and exterior fenced backyard amenities as key characteristics for prospective tenants, brokers, and buyers reviewing residential income opportunities.
According to the provided remarks, gross rents reflect actual trending performance, with current gross rents listed at $152,290.00 and trending gross rents noted at $165,240.00.
The property is presented for sale and includes both the updated interior condition and exterior fenced backyard amenities as key characteristics for prospective tenants, brokers, and buyers reviewing residential income opportunities.
Key Highlights
- Year built: 1984
- Updated apartment units
- Fenced backyards
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $126.3k | $16.20 |
| − Vacancy | −$14.8k | −$1.90 |
| EGI | $111.5k | $14.30 |
| − OpEx | −$50.2k | −$6.44 |
| NOI | $61.3k | $7.87 |
7,795 SF · lease $16.20/SF/yr · vacancy 11.70% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$876.1K
$766.6K – $1.02M
NOI $61,327 @ 7.0% cap · market cap 3.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.16M
$1.89M – $2.51M
NOI $150,851 @ 7.0% cap · market cap 7.84%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
STREETGOSPEL
Church
FAQs
What type of property is this?
Apartment building - Updated apartment units with fenced backyards generating actual trending gross rents.
Where is this apartment building located?
The property is located at 415 W TENTH ST Casa Grande, AZ.
What is the asking price?
The asking price for this property is $1,925,000.
What are key features of this property?
This property features: Year built: 1984; Updated apartment units; Fenced backyards
