12Plex

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