Current Use by Public Records
- Apartment buildings
Property Details
- Year built
- 1973
- Lot size
- 0.69 lot acres
- Property type
- Apartment buildings
Description
This exceptional 13-unit apartment complex presents a compelling investment opportunity in the thriving city of Eloy, Arizona. Boasting a total of 7,076 square feet on a 0.69-acre lot, this property offers a desirable mix of unit sizes, including four two-bedroom units and nine one-bedroom units. The classic Spanish-style architecture is constructed of solid slump block, ensuring durability and longevity. Each unit is equipped with sprinklers and security doors, enhancing both safety and peace of mind for residents. Ample parking is available for tenants and guests. Beyond the individual units, the property features a fenced perimeter, a welcoming gathering area, and a convenient ramadas with a built-in BBQ, creating a strong sense of community. The property is priced at $995,000, with seller financing available. Eloy's robust economic growth, fueled by significant industrial expansion from companies such as Lucid Motors, Townley Manufacturing, Republic Plastics, and Otto Industries, makes this a particularly attractive investment. The strong tenant base and desirable amenities contribute to a high occupancy rate and consistent cash flow. All provided information is approximate
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Eloy
- County
- Pinal
- State
- Arizona
- Longitude
- -111.548
- Latitude
- 32.7486
