$1,050,000
Eloy, AZ 85131
MLS# 6988556
1 / 24
Property Description
*Residential Financing Opportunity* for 12 Units- 3 separate Parcels With Diverse Easy to Lease Unit Mix Of 4-2 Bedrooms 4- 1 Bedrooms and 4- Studio Apartments. Solid Block Construction With Well Maintained Roof and AC Units, Units Have Tile In Kitchen, Living and Full Baths With Tubs. All Units Have Private Back Doors, Lots Of Parking, Lighting and Coin Laundry On Site For Extra Income. Proforma is Using Market Rents, $850+ for 2 Bedrooms $700+ for 1 Bedrooms and $550+ for Studios, Lots of Room On Rents That Are All Month To Month, Actual Rents and T12 Below and Documents Tab. Eloy is a growing manufacturing hub with demand for housing. This is an opportunity to get in before the market climbs. All Facts and Figures Approximate, Buyer To Verify To Their Own Satisfaction.
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $1,050,000
List Price: $1,050,000
Status: Active
List Date: 2026-02-23
Location, Tax & Legal
Assessor's Map #: 6
Assessor's Parcel #: 144
Add'l Parcels: Yes
Tax Municipality: Eloy
Taxes: 2474
Legal: Lot 9,19,11 Block G Toltec Arizona Valley
Marketing Name: 12 In Eloy
House Number: 4220
Compass: N
Street Name: Granada
St Suffix: Drive
City/Town Code: Eloy
State/Province: AZ
Zip Code: 85131
County Code: Pinal
Assessor Number: 403-06-144
Tax Year: 2025
General Property Description
# of Buildings: 3
Uncvrd Parking Spcs: 24
Lot Size Dimensions: 163 X 276
Total # of Units: 12
Year Built: 1964
Zoning: Unkonwn
Project Type
5 - 12 Units: 1
Construction
Block: 1
Const - Finish
Painted: 1
Roofing
Composition: 1
Floors
Tile: 1
Carpet: 1
Sale Includes
Land & Building: 1
Income & Expenses
Annual Elec Exp: 3369
Annual Gas Exp: 0
Annual Ins Exp: 4215
Annual Land Lse Exp: 0
Annual Landscape Exp: 600
Annual Legal & Acctg: 0
Annual Maint Exp: 6000
Annual Mgmt Exp: 8264
Annual Trash Exp: 2016
Annual Wtr/Swr Exp: 5686
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual Other Expense: 1593
Operating Exp: 34217
Other Income: 2500
Vacancy Allowance: 0.05
Adjusted Gross Inc: 98135
Pmt & Rate Info
Cap Rate: 6.09
Equity: 1050000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Showing Service: Aligned Showings
Lockbox Type
See Private Remarks: 1
Community Features
See Remarks: 1
Heating
Individual: 1
Cooling
Heat Pump: 1
Individual: 1
Exterior Amenities
Other (See Remarks): 1
Interior Features
Other (See Remarks): 1
Tenant Pays
Gas: 1
Electricity: 1
Appliances Included
Free-Standing Electric Oven: 1
Refrigerator: 1
Washer/Dryer: 1
See Remarks: 1
Road Access Type
City Street: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Projected Proforma: 1
Other (See Remarks): 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
>1 Space Per Unit: 1
Electric
APS: 1
Individual Meter: 1
Gas
SW Gas: 1
Individual Meter: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
Landscaping: 1
See Remarks: 1
New Financing
Cash: 1
Conventional: 1
1031 Exchange: 1
Reports/Disclosures
None: 1
Environmental
None: 1
Efficiency Units
# Efficiency Units: 4
Avg Rent: 550
Avg SqFt: 400
# Baths: 1
1 Bedroom Units
# 1 Bedroom Units: 4
Avg Rent: 700
Avg SqFt: 550
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 4
Avg Rent: 850
Avg SqFt: 775
# Baths: 1
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Cross Street: I-10 and Toltec Rd
Directions: East on Toltec Rd, North on Giles St., East on Granada. Property is on the West Side
Geo Lat: 32.795039
Geo Lon: -111.62107
Legal Info
Lot Number: 9,10,11
Income Expenses
Gross Annual Sch Inc: 100800
Net Operating Income: 63918
Property Features
Project Type: 5 - 12 Units
Construction: Block
Const - Finish: Painted
Roofing: Composition
Floors: Tile; Carpet
Sale Includes: Land & Building
Community Features: See Remarks
Exterior Amenities: Other (See Remarks)
Interior Features: Other (See Remarks)
Appliances Included: Free-Standing Electric Oven; Refrigerator; Washer/Dryer; See Remarks
Heating: Individual
Cooling: Heat Pump; Individual
Water Source: City Franchise
Sewer: Sewer - Public
Electric: APS; Individual Meter
Gas: SW Gas; Individual Meter
Parking Features: >1 Space Per Unit
Road Access Type: City Street
Road Surface Type: Asphalt
Owner Pays: Water; Trash Collection; Landscaping; See Remarks
Tenant Pays: Electricity; Gas
Source of Fincl Data: Owner; Projected Proforma; Other (See Remarks)
Lockbox Type: See Private Remarks
New Financing: Cash; Conventional; 1031 Exchange
Environmental: None
Listing Office: Better Homes & Gardens Real Estate SJ Fowler
Last Updated: February - 23 - 2026
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