$599,999
UNDER CONTRACT $400K PRICE DROP

24 Shady Ln Duncan, AZ 85534

Estimated payment $3,449/month

Total Views 3,329
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Wood Flooring
  • Central Heating and Cooling System
  • Ceiling Fan
  • Cooling System Mounted To A Wall/Window

About This Home

Seize this lucrative investment opportunity with a 16.88% cap rate in a high-demand rental area near the Morenci Mine. This property spans 41,102 sq. ft. and features 7 park owned mobile homes. 5 Single-Wide Homes with 840 sf, each with 3 bed, 2 baths. 2 Double-Wide Homes with one at 1456 sf, the other with 1120 sf, both with 3 bed, 2 baths. Individually metered for gas/electric, 3 septic systems and a well water supply. Duncan is known for its rich history & serene environment, offering a welcoming vibe. Town provides local dining, shops and annual events while outdoor enthusiasts enjoy hiking & fishing in nearby Greenlee County. Close to US Route 70 ensures convenient access to nearby cities & amenities. This property is easy to manage with steady tenancy & excellent returns.

Listing Agent

Daniela Rubio

Better Homes & Gardens Real Estate SJ Fowler License #SA662518000 Listed on: 11/12/2024

Better Homes & Gardens Real Estate SJ Fowler

Co-Listing Agent

Laura Good

Better Homes & Gardens Real Estate SJ Fowler License #SA639563000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,163

Year Built

  • Built in 2001

Home Design

  • Steel Frame
  • Wood Frame Construction
  • Composition Roof
  • Siding

Interior Spaces

  • Ceiling Fan

Flooring

  • Wood
  • Carpet
  • Vinyl

Parking

  • 7 Open Parking Spaces
  • 7 Parking Spaces
  • Over 1 Space Per Unit

Schools

  • Duncan Elementary
  • Duncan High School

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Heating and Cooling System
  • Heating System Uses Natural Gas
  • Well
  • Septic Tank

Listing and Financial Details

  • Tax Block 13
  • Assessor Parcel Number 300-54-063

Community Details

Overview

  • 7 Buildings
  • 7 Units
  • Building Dimensions are 432.98 x 97.81 x 422.19 x 98.59

Building Details

  • Operating Expense $10,461
  • Gross Income $111,720
  • Net Operating Income $101,259

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,163

Year Built

Built in 2001

Lot Details

0

Listing Details

  • Cross Street: Highway 75 Mi Post 395.2, York, AZ 85534
  • Legal Info Range: 31E
  • Property Type: Multiple Dwellings
  • Zoning: MHP
  • Number Of Buildings: 7
  • Ownership: Fee Simple
  • Year Built: 2001
  • Mobile Home Prk Info Total Number Spaces: 7
  • Tax Year: 2024
  • Directions: I-10 E to US-60 E, to Main St to property.
  • Road Surface Type: Gravel, Dirt, Private Street
  • Co List Office Mls Id: sjfl01
  • Co List Office Phone: 480-649-3536
  • Cooling:Central Air: Yes
  • Roofing:Composition: Yes
  • Construction:Wood Frame: Yes
  • Special Features: UnderContract
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Vinyl, Wood
  • Appliances: Built-In Range, Refrigerator, W/D Hookup
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: None, Seller Prop Disc Stm
  • Construction Type: Steel Frame, Wood Frame, Siding, Painted
  • Roof: Other, Composition
  • Construction:Steel Frame: Yes

Garage/Parking

  • Parking Features: >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 7.0
  • Total Parking Spaces: 7.0
  • General Property Description:Uncvrd Parking Spcs: 7.0
  • General Property Description:Total Parking Spcs: 7.0

Utilities

  • Electric: Individual Meter
  • Cooling: Central Air, Ceiling Fan(s), Window/Wall Unit
  • Heating: Central, Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: See Remarks, Domestic Well
  • Heating:Natural Gas: Yes
  • Sewer Septic Tank: Yes
  • Heating:Central: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Exterior Amenities:Other (See Remarks)58: Yes

Fee Information

  • Annual Fuel Expense: 1683.0
  • Annual Water Sewer Expense: 288.0

Schools

  • Elementary School: Duncan Elementary
  • High School: Duncan High School
  • Junior High Dist: Duncan Unified District
  • Middle Or Junior School: Duncan Elementary

Lot Info

  • Lot Size: 432.98 x 97.81 x 422.19 x 98.59
  • Additional Parcels: No
  • Parcel #: 300-54-063

Multi Family

  • Owner Pays: Electricity, Water, Sewer, Landscaping
  • Number Of Units Total: 7
  • Electric Expense: 4267.0
  • Annual Gross Income: 111720.0
  • Insurance Expense: 2863.0
  • Maintenance Expense: 197.0
  • Property Net Operating Income: 101259.0
  • Annual Operating Expense: 10461.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1163.0
  • Tax Block: 13
  • Tax Book Number: 300.00
  • Tax Lot: N/A

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

Property History

Date Event Price Change Sq Ft Price
03/26/2025 03/26/25 Price Changed $599,999 -7.7% --
03/07/2025 03/07/25 Price Changed $649,999 -13.3% --
02/26/2025 02/26/25 Price Changed $749,999 -6.3% --
02/01/2025 02/01/25 Price Changed $799,999 -20.0% --
11/12/2024 11/12/24 For Sale $999,999 +117.4% --
12/10/2022 12/10/22 Sold $460,000 -7.8% --
11/15/2022 11/15/22 Pending -- -- --
11/15/2022 11/15/22 For Sale $499,000 -- --
Source: Arizona Regional Multiple Listing Service (ARMLS)

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6783049

Arizona Regional Multiple Listing Service (ARMLS)

Arizona Greenlee County Duncan 85534

24 Shady Ln, Duncan, AZ

This home is located at 24 Shady Ln, Duncan, AZ 85534 and is currently priced at $599,999. This property was built in 2001. 24 Shady Ln is a home located in Greenlee County with nearby schools including Duncan Elementary School and Duncan High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Arizona Regional Multiple Listing Service (ARMLS) All information should be verified by the recipient and none is guaranteed as accurate by ARMLS

Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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Daniela Rubio
Listing Agent
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Better Homes & Gardens Real Estate SJ Fowler
(928) 365-3987