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    44004 W Grand Avenue

    Morristown, AZ 85342
    • $765,000
    • STATUS: Active
    • ON SITE: 103 days
    • MLS #: 6054566
    Price Reduced
    UPDATED: 81 min ago
    $765,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1935
    County:
    Area:

    School Information

    Description

    8 Units at the Top of the Hill! Garden City in Morrsitown sits on 2 Large Tax Parcels Totaling 11.2 Acres w/Amazing Territorial Views! Own a piece of History w/these Individual Cottages, once part of the Garden City Resort, then turned Motel! Now Individually Leased w/the Unit Mix featuring 5 One Bed/One Bath & 3 Studio Units. Rents total $5215 per month @ 100% Occupancy! There is opportunity to increase the already stable income by adding units that are supported w/available land & one lot with Utilities Already in Place! There is a Very Strong Rental History. Great Location just Minutes from Wickenburg, the Team Roping Capital of the World and Equestrian Paradise! Many improvements to the property, including a New Septic System & a Private Water System! Seller owns the Coin-Op Laundry

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    © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than Brett Tanner Home Selling Team | Keller Williams Realty Phoenix. Data last updated 2020-07-03T11:11:07.543.
    www.yournextphoenixhome.com/homes/104377570
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    44004 W Grand Avenue Morristown, AZ 85342

    • Price: $765,000
    • Status: Active
    • Updated: 81 min ago
    • MLS #: 6054566
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1935
    Built
    Neighborhood:
    Garden City
    County:
    Maricopa
    Area:
    Morristown
    Elementary School:
    Morristown Elementary School
    High School:
    Wickenburg High School
    School District:
    075 - Morristown Elementary District
    Property Description
    8 Units at the Top of the Hill! Garden City in Morrsitown sits on 2 Large Tax Parcels Totaling 11.2 Acres w/Amazing Territorial Views! Own a piece of History w/these Individual Cottages, once part of the Garden City Resort, then turned Motel! Now Individually Leased w/the Unit Mix featuring 5 One Bed/One Bath & 3 Studio Units. Rents total $5215 per month @ 100% Occupancy! There is opportunity to increase the already stable income by adding units that are supported w/available land & one lot with Utilities Already in Place! There is a Very Strong Rental History. Great Location just Minutes from Wickenburg, the Team Roping Capital of the World and Equestrian Paradise! Many improvements to the property, including a New Septic System & a Private Water System! Seller owns the Coin-Op Laundry
    Exterior Features

    Construction BlockFrame - Wood Construction Finish Painted Covered Parking Spaces 3.00 Exterior Amenities Desert LandscapingPartially FencedRv/Boat Parking Lot Size Dimensions irregular Parking CarportRv/Boat Parking Roads Gravel Roofing Comp Shingle

    Interior Features

    1 Bedroom Unit Avg Sq Ft 660 1 Bedroom Unit Baths 1 2 Bedroom Unit Avg Sq Ft 0 2 Bedroom Units Baths 0 3 Bedroom Unit Avg Sq Ft 0 3 Bedroom Unit Baths 0 4 Bedroom Unit Avg Sq Ft 0 4 Bedroom Unit Baths 0 Appliances Included F/S Oven/RangeRefrigeratorWasher/Dryer Cooling Window/Wall Unit Efficiency Unit Avg Sq Ft 553 Efficiency Unit Baths 1 Floors CarpetCeramic TileVinyl/Composition Heating ElectricGasIndividual

    Property Features

    1 Bedroom Unit Avg Rent 775.00 1 Bedroom Units 5 2 Bedroom Unit Avg Rent 0.00 2 Bedroom Units 0 3 Bedroom Unit Avg Rent 0.00 3 Bedroom Units 0 4 Bedroom Unit Avg Rent 0.00 4 Bedroom Units 0 Adjusted Gross Inc 64380.00 Annual Elec Exp 850.00 Annual Gas Exp 0.00 Annual Ins Exp 2800.00 Annual Land Lse Exp 0.00 Annual Landscape Exp 0.00 Annual Legal And Acctg 0.00 Annual Maint Exp 1500.00 Annual Mgmt Exp 9540.00 Annual Other Expense 0.00 Annual Ownr Asoc Fee 0.00 Annual Pad Fee 0.00 Annual Rplcmnt Rsrvs 0.00 Annual Trash Exp 700.00 Annual Wtr Swr Exp 0.00 Community Amenities No Pool Cross Street Us Highway 60 & Garden City Rd. Efficiency Unit Avg Rent 678.00 Efficiency Units 3 Electric Aps Gas Sw Gas Gross Annual Sch Inc 62580.00 Hoa YN No Net Operating Income 41747.00 New Financing ConventionalNo Carry Operating Exp 22633.00 Other Income 1800.00 Owner Pays Electric Project Type 5 - 12 Units Sale Includes Land & Building Sewer Septic Source Of Financial Data Provided By Owner Tax Municipality Maricopa - County Taxes 7243.00 Tenant Pays Cable Tv Totl Mnth Rntal Inc 5215.00 Vacancy Allowance 0.00 Water Private FranchiseShared Well Zoning R43 & Mf

    Listing courtesy of Keller Williams Arizona Realty.


    © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than Brett Tanner Home Selling Team | Keller Williams Realty Phoenix. Data last updated 2020-07-03T11:11:07.543.
     
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    Brett Tanner Home Selling Team | Keller Williams Realty Phoenix
    4862 E. Baseline Rd.
    Mesa AZ, 85206