$1,033,000
Sierra Vista, AZ 85635
MLS# 21829067
Status: Closed
32703 sqft
1 / 10
Property Description
Unique opportunity to own at 56 unit apartment building Plus a 2br house with manager office . There is a recreation and and Pool . 5 buildings on approximate acre lot . Located in scenic Sierra Vista with mountain views and mild climate.
Details
Maps
Address Information
Country: USA
Street #: 250
Direction: N
Street Name: Carroll
Suffix: Drive
State/Province: AZ
Zip Code: 85635
County: Cochise
Location, Tax & Legal
Tax Year: 2017
Taxes: 23227.46
Assessments: 0
Taxes For: Building & Land
Legal Description: long legal in office
Municipality/Zoning: SCC - MFR
Fire Protection: Included in Taxes
FEMA Flood Zone: No
Municipal Flood Zone: No
Tax Code: 106-68-270A
Area: Cochise
Contract Information
Method of Title: Fee (Simple)
Short Sale: No
Current Price: $1,033,000
Sold Price: $1,033,000
Listing Date: 2018-10-30
Status: Closed
Status Change Info
Off Market Date: 2018-11-18
Sold Price/SqFt: 31.59
Lot Sz Sold Prc/SqFt: 10.22
Financing: Cash
Pending Date: 2019-02-07
Sold Date: 2019-02-08
Sold Price: $1,033,000
General Property Information
Property Sub-Type: Apartment
Construction Status: Existing
# Units: 56
Lot Dimensions: irregular
Lot Acres: 1
Total Parking: 75
Lot Sqft: 101059
Multi-Tenant: Yes
Lot Size Source: Assessor
Source of SqFt: Assessor
List Price/SqFt: 33.64
Lot Size Price/SqFt: 10.88
Year Built: 1987
Combined SqFt: 32703
Showing Information
Directions: Fry Blvd to North on Garden avenue to Carroll to address.
Electric
Electric Company: sierra vista
Income
Vacancy Loss: 73000
Other Income: 1200
Adjusted Gross: 312200
Gross Scheduled Rent: 384000
Net Opp Income: 169000
Gas
Natural: 1
Analysis
Gross Rent Multi: 3.31
Vacancy Rate %: 19.01
Cap Rate %: 15
Expenses
Figures Presented: Proforma
Gas/Electric: 42000
Insurance: 22000
Resident Manager: 22000
Taxes/Assessments: 23000
Water/Sewer: 8000
Sewer
Connected: 1
Unit Information
Apartment: Low Rise
Apartment Unit Information
# of Units/Studios: 44
Avg Mo Rent/Studios: 550
# of Units/1 BR: 12
Avg Mo Rent/1 BR: 650
Water
Public: 1
Property Features
Conference Room: 1
Fence
None: 1
Road Type
Paved: 1
Main Cooling
Wall Unit(s): 1
Main Heating
Wall Furnace: 1
Water Heater
Electric: 1
Terms
Cash: 1
Conventional: 1
Submit With Offer
Earnest Check: 1
Loan Pre-Qualifiaction: 1
Loan Status: 1
Proof of Funds: 1
Special Conditions
None: 1
Security
Closed Circuit Camera(s): 1
Green Features
Infill Site: 1
Sold Info
Est. Closing Date: 2019-02-08
Seller Concessions: 0
Landscape - Front
Decorative Gravel: 1
Landscape - Rear
Low Care: 1
Shrubs: 1
Trees: 1
Parking
Paved Parking: 1
Freeway/Highway
Over 5.1 Miles: 1
Possession
Immediate: 1
Property Disclosures
Leases: 1
None: 1
Remarks Misc
Geo Lat: 31.557492
Geo Lon: -110.30546
Property Features
Property Features: Conference Room
Main Cooling: Wall Unit(s)
Main Heating: Wall Furnace
Water Heater: Electric
Gas: Natural
Sewer: Connected
Water: Public
Security: Closed Circuit Camera(s)
Green Features: Infill Site
Fence: None
Landscape - Front: Decorative Gravel
Landscape - Rear: Low Care; Shrubs; Trees
Road Type: Paved
Parking: Paved Parking
Terms: Cash; Conventional
Possession: Immediate
Submit With Offer: Earnest Check; Loan Pre-Qualifiaction; Loan Status; Proof of Funds
Property Disclosures: Leases; None
Special Conditions: None
Listing Office: Realty Executives Arizona Territory
Last Updated: June - 05 - 2026
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