12 Plex Apartments for sale (3 four plex's) 4220 N Granada Dr. Toltec, Arizona, 85131 Total property is one full acre. Each 4-plex sits on a 1/3 acre lot. Recent survey done May 2007. Block exterior construction with double walls between units. Units are all electric. Full rehab in 2005/2006 including: new desert landscaping, with drip system and outdoor lighting, new roofs, new electric heat pumps (air conditioners), new refrigerators, new flat top stoves, new ceramic tile, new carpet, new plumbing fixtures, new kitchen counter tops, and all new electric sub and meter panels. Two large storage rooms for owner. Monthly Income Summary Monthly Expenses 4 2 Bedroom $495 $1,980 Taxes $169 4 1 Bedroom $445 $1,780 Insurance $108 4 Studio $375 $1,500 Electricity $114 2 Laundry $125 $250 Water/trash/Sewer $216 Total $5,510 Maint Exp $263 Less 5% Vacancy $263 Total Expenses - $870 Total Income - $5,247 Total Net Monthly Income - $4,377 Annual Income - $52,528 (13.5% CAP) Legal Descriptions: Parcel # 403-06-14400 Toltec Arizona Valley #2 Lot 9 in Block G Parcel # 403-06-14500 Toltec Arizona Valley #2 Lot 10 in Block G Parcel # 403-06-14600 Toltec Arizona Valley #2 Lot 11 in Block G Section 21 Township 07S Range 07E Street Addresses: 4220 North Granada Drive (lot #9) Property Photos 4210 North Granada Drive (lot #10) 4120 North Granada Drive (lot #11) Toltec, AZ 85131 Contact info: Brian & Yuliya Pangburn PO Box 10486 Casa Grande, AZ 85130 home (520) 836-6015 cell (520) 560-0703 pbpangburn@gmail.com  |
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