$999,900
$99K PRICE DROP

Estimated payment $6,014/month

Total Views 1,361
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • RV or Boat Parking
  • Resident Manager or Management On Site
  • Ceiling Fan
  • Evaporated cooling system
  • Community Barbecue Grill
  • Carpet

About This Home

Wonderful Cash-flowing investment with Huge Potential. 14 Apartment Units, 16 Storage Units, and Developable Space. This gorgeous opportunity is located in Pearce Arizona, also known as Sunsites, located just outside Willcox, Dragoon, Benson and Tombstone. There are approx. 71, 500sf total consisting of 8 x 1 Bedroom Units Approx. 500sf each, 6 x 2 Bedroom Units Approx. 650sf Each. Work Update: 10 units have been remodeled, 1 Unit is long Term Tenant with no plans of remodeling, 3 Units currently being/will be remodeled. There are 16 Storage Units, currently offered to tenants with premium, they love it. Lastly there is approx. 36, 000sf of potentially developable space located in the rear of the property.

Listing Agent

Joshua Ezell

Breakthrough Real Estate & Property Management License #BR584885000 Listed on: 11/08/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,900

Year Built

  • Built in 1969

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Siding

Interior Spaces

  • Ceiling Fan

Flooring

  • Carpet
  • Vinyl

Parking

  • 28 Open Parking Spaces
  • 28 Parking Spaces
  • Over 1 Space Per Unit
  • RV or Boat Parking

Schools

  • Pearce Elementary School
  • Valley Union High School

Utilities

  • Evaporated cooling system
  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Natural Gas
  • Heat Pump System
  • Private Water Source
  • Master Water Meter

Listing and Financial Details

  • Legal Lot and Block 6 / 10
  • Assessor Parcel Number 114-14-066

Community Details

Overview

  • 2 Buildings
  • 14 Units
  • Building Dimensions are 268 x 268
  • Sun Site Heights Subdivision

Building Details

  • Operating Expense $53,000
  • Gross Income $160,455
  • Net Operating Income $146,636

Additional Features

  • Community Barbecue Grill
  • Resident Manager or Management On Site

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,900

Year Built

Built in 1969

Lot Details

0

Listing Details

  • Cross Street: Highway 91 and Justin Street
  • Property Type: Multiple Dwellings
  • Zoning: 04-02
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1969
  • Tax Year: 2024
  • Directions: West on Justin, south on Ford, property on left side of Road, 2 lot, both Storage Facility and Apartment Complex
  • Road Surface Type: Gravel, Asphalt
  • Professional Management Expense: 10800.0
  • Subdivision Name: SUN SITE HEIGHTS
  • Cooling:Ceiling Fan(s): Yes
  • Roofing:Composition: Yes
  • Construction:Wood Frame: Yes
  • Water Source Private14: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Vinyl
  • Appliances: Refrigerator, Free-Standing Electric Oven, Microwave
  • Appliances Included:Microwave2: Yes
  • Appliances Included:Refrigerator2: Yes
  • Community Features:Barbecue: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Wood Frame, Siding, Painted
  • Roof: Composition

Garage/Parking

  • Parking Features: RV Access/Parking, Add'l Parking Avail, >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 28.0
  • Total Parking Spaces: 28.0
  • General Property Description:Uncvrd Parking Spcs: 28.0
  • General Property Description:Total Parking Spcs: 28.0
  • Exterior Amenities:RVBoat Parking: Yes
  • Parking Features >1 Space Per Unit: Yes
  • Parking Features RVBoat Parking2: Yes

Utilities

  • Electric: City Electric, Master Meter
  • Cooling: Ceiling Fan(s), Evaporative Cooling, Window/Wall Unit
  • Heating: Heat Pump, Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Master Meter, Private
  • Heating:Natural Gas: Yes
  • Heating:Heat Pump2: Yes
  • Electric Master Meter: Yes

Condo/Co-op/Association

  • Community Features: Other, Barbecue, Manager Res/Office

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Green Landscaping: Yes
  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Unfurnished: Yes
  • Interior Amenities:Vertical Blinds2: Yes

Fee Information

  • Annual Fuel Expense: 4000.0
  • Trash Expense: 1200.0
  • Annual Water Sewer Expense: 7500.0

Schools

  • Elementary School: Pearce Elementary School
  • High School: Valley Union High School
  • Junior High Dist: Valley Union High School District
  • Middle Or Junior School: Pearce Elementary School

Lot Info

  • Lot Size: 268 x 268
  • Additional Parcels: No
  • Parcel #: 114-14-066

Multi Family

  • Owner Pays: Gas, Electricity, Trash Collection, Water, Sewer, Landscaping
  • Number Of Units Total: 14
  • Electric Expense: 8000.0
  • Annual Gross Income: 160455.0
  • Insurance Expense: 6000.0
  • Maintenance Expense: 7200.0
  • Property Net Operating Income: 146636.0
  • Annual Operating Expense: 53000.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 5900.0
  • Tax Block: 10
  • Tax Book Number: 114.00
  • Tax Lot: 6

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $1,781 $22,538 $2,100 $20,438
2023 $1,734 $18,663 $2,100 $16,563
2022 $1,706 $17,123 $2,100 $15,023
2021 $1,706 $17,149 $2,100 $15,049
2020 $1,627 $0 $0 $0
2019 $1,559 $0 $0 $0
2018 $1,482 $0 $0 $0
2017 $1,332 $0 $0 $0
2016 $1,275 $0 $0 $0
2015 -- $0 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/09/2025 05/09/25 Price Changed $999,900 -4.7% --
04/28/2025 04/28/25 Price Changed $1,049,000 -4.5% --
11/08/2024 11/08/24 For Sale $1,099,000 +201.1% --
06/30/2016 06/30/16 Sold $365,000 0.0% $39 / Sq Ft
05/31/2016 05/31/16 Pending -- -- --
04/20/2016 04/20/16 For Sale $365,000 +21.7% $39 / Sq Ft
04/14/2016 04/14/16 Sold $300,000 0.0% $26 / Sq Ft
03/15/2016 03/15/16 Pending -- -- --
02/19/2016 02/19/16 For Sale $300,000 -- $26 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Purchase History

Date Type Sale Price Title Company
Warranty Deed $335,000 Pioneer Title Agency
Interfamily Deed Transfer -- None Available
Cash Sale Deed $365,000 Pioneer Title Agency Inc
Cash Sale Deed $300,000 Pioneer Title Agency Inc
Warranty Deed $625,000 Pioneer Title Agency
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $264,000 Unknown
Previous Owner $550,000 Seller Take Back
Source: Public Records

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6781524

Arizona Regional Multiple Listing Service (ARMLS)

APN: 114-14-067