NOT LISTED FOR SALE

3333 W 8th St Thatcher, AZ 85552

-- Bed
-- Bath
-- Sq Ft
2.26 Acres

Last Sold November 09, 2017

Last sale price $4,582,890

246 Days on Market

Highlights

  • Fitness Center
  • Heated Spa
  • Sauna
  • Thatcher Elementary School Rated A-
  • Clubhouse
  • Sport Court

About This Home

As of November 2017

8th Street Apartments & Fitness Club. Historic 10+% CAP Rate. 11 buildings, 5.17 acres. 93 income units: 88 residential,fitness club,3 office & laundry. Option (see documents) to purchase 75 Apts Laundry for $4.0 million (Divide residential & commercial). Fitness Club built 1981 & newer constructed Apts added since 2003 (average age 5 years). Additional 5,250sf expansion to Fitness Club + 3 commercial offices completed 2016.
Club open to public Includes:heated indoor pool, spa, sauna, racketball, gym etc. Steady cash flow & history 95% occupancy. Zoned C-M commercial, residential, retail. Additional $
growth opportunity: 1/2 acre shovel ready land for new construction of 10-12 2BR Apts (in place-power, water, sewer). On site managers will stay. Prospectus + financials to qualified Buyer

Last Agent to Sell the Property

Jeff Masich

HomeSmart Brokerage Phone: 480-242-6500 License #BR632450000 Listed on: 11/15/2016

HomeSmart

Last Buyer's Agent

Daniel Rosenbaum

Rosenbaum Realty Group License #BR636314000

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1981

Lot Details

  • 2.26

Home Design

  • Wood Frame Construction
  • Block Exterior
  • Stucco

Parking

  • 100 Open Parking Spaces
  • 130 Parking Spaces
  • 30 Covered Spaces
  • Common or Shared Parking
  • Paved Parking
  • Assigned Parking

Utilities

  • Cooling Available
  • Central Heating

Additional Features

  • Heated Spa
  • Additional Parcels

Listing and Financial Details

  • The owner pays for water, sewer
  • Tax Lot 104-40-020 & 38
  • Assessor Parcel Number 104-40-020

Community Details

Overview

  • 11 Buildings
  • 93 Units
  • Building Dimensions are 5.17 acres
  • 2 Parcels Totaling 5.17 Acres Subdivision

Amenities

  • Community Barbecue Grill
  • Sauna
  • Clubhouse
  • Convenience Store

Recreation

  • Sport Court
  • Community Playground
  • Fitness Center
  • Outdoor Community Showers
  • Heated Community Pool

Building Details

  • Gross Income $777,412
  • Net Operating Income $509,077

Security

  • Resident Manager or Management On Site

Property Details

Home Type

Multi-Family

Year Built

Built in 1981

Lot Details

0

Listing Details

  • Cross Street: : Route 70 and Reay Lane in Thatcher, Arizona
  • Property Type: Multiple Dwellings
  • Zoning: C-M
  • Number Of Buildings: 11
  • Ownership: Other (See Remarks)
  • Year Built: 1981
  • Tax Year: 2015
  • Directions: Proceed south on Reay Lane, turn left (east) on West 8th Street to property. Located 160 miles East of Phoenix on Route 70 in Thatcher near Safford in high sonoran desert & Mount Graham, Graham County
  • Attribution Contact: 480-242-6500
  • Road Surface Type: Asphalt
  • Subdivision Name: 2 parcels totaling 5.17 acres
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other
  • Appliances: BI Oven/Range
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: Appraisal
  • Construction Type: Painted, Stucco, Block, Frame - Wood
  • Roof: See Remarks
  • Construction:Frame - Wood: Yes
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 30.0
  • Parking Features: Paved Parking, Assigned, Add'l Parking Avail, <1 Space Per Unit, Common
  • Attached Garage: No
  • Open Parking Spaces: 100.0
  • Total Parking Spaces: 130.0
  • General Property Description:Covered Parking Spcs: 30.0
  • General Property Description:Uncvrd Parking Spcs: 100.0
  • General Property Description:Total Parking Spcs: 130.0
  • Parking:Carport: Yes
  • Parking:Paved Parking: Yes
  • Parking:Add_squote_l Parking Avail: Yes
  • Parking:Assigned: Yes
  • Parking:_less_1 Space Per Unit: Yes

Utilities

  • Electric: Other (See Remarks)
  • Cooling: Electric
  • Heating: Central, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Other, See Remarks
  • Heating:Electric: Yes
  • Heating:Central: Yes

Condo/Co-op/Association

  • Community Features: Other, See Remarks, Barbecue, Sport Court, Play Area, Exercise Room, Clubhouse, Community Showers, General Store, Manager Res/Office, Sauna, Heated Spa(s), Heated Pool(s)

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes
  • Community Amenities:Manager ResOffice: Yes
  • Community Amenities:Barbecue: Yes
  • Community Amenities:Play Area: Yes
  • Interior Amenities:Partially Furnished: Yes
  • Community Amenities:Sport Court: Yes
  • Community Amenities:Clubhouse: Yes
  • Community Amenities:Heated Spa(s): Yes
  • Community Amenities:Heated Pool(s): Yes
  • Community Amenities:General Store: Yes

Lot Info

  • Lot Size: 5.17 acres
  • Additional Parcels: Yes
  • Parcel #: 104-40-020

Multi Family

  • Owner Pays: Water, Sewer
  • Tenant Pays: See Remarks
  • Number Of Units Total: 93
  • Annual Gross Income: 777411.6
  • Property Net Operating Income: 509077.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Book Number: 104.00
  • Tax Lot: 104-40-020 & 38

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 List to Sale Price per Sq Ft
11/09/2017 11/09/17 Sold $4,582,890 -4.5% --
07/31/2017 07/31/17 For Sale $4,800,000 0.0% --
07/31/2017 07/31/17 Price Changed $4,800,000 0.0% --
11/15/2016 11/15/16 For Sale $4,800,000 -- --
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

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
2026 -- -- -- --
2025 -- $6,046 $6,046 $0
2024 -- $6,046 $6,046 $0
2023 $0 $6,046 $6,046 $0
2022 $133,844 $6,046 $6,046 $0
2021 $133,844 $0 $0 $0
2020 $133,844 $0 $0 $0
2019 $0 $0 $0 $0
2018 $0 $0 $0 $0
2017 $0 $0 $0 $0
2016 $0 $0 $0 $0
2015 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jeff Masich

    Seller's Agent in 2017

    Jeff Masich

    HomeSmart

    (480) 242-6500

    25 Total Sales

    Jeff Masich
    Section Image
  • Daniel Rosenbaum

    Buyer's Agent in 2017

    Daniel Rosenbaum

    Rosenbaum Realty Group

    (480) 588-1333

    28 Total Sales

    Daniel Rosenbaum
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5525663

Arizona Regional Multiple Listing Service (ARMLS)

APN: 104-40-020

Arizona Graham County Thatcher 85552

3333 W 8th St, Thatcher, AZ

This home is located at 3333 W 8th St, Thatcher, AZ 85552 since 15 November 2016. This property was built in 1981. 3333 W 8th St is a home located in Graham County with nearby schools including Jack Daley Primary School, Thatcher Elementary School, and Thatcher Middle 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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