$452,000
SOLD DEC 13, 2018

4215 N Granada Dr Eloy, AZ 85131

-- Bed
-- Bath
-- Sq Ft
1973 Built

Recently Sold

2% Below List Price

Highlights

  • Cooling Available
  • Concrete Flooring
  • Heat Pump System
  • Community Barbecue Grill

About This Home

As of March 2021

Hard to find income property. 13 units in 3 buildings, 1740SF -Bldg #1, 1740 SF-Blg #2, 1654 SF -Bldg #3, 9 1 BD Apts, 4 2 BD Apts, Laundry room, common Ramada and BBQ area. Slump block construction. All unfurnished apartments. Fully fenced property. Property is on City of Eloy sewer system. Do not disturb tenants. Drive by only.

Last Agent to Sell the Property

Connie Rush

ROX Real Estate License #BR044427000 Listed on: 07/26/2018

ROX Real Estate

Last Buyer's Agent

Rock Earle

Rox Commercial License #BR004695000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,895

Year Built

  • Built in 1973

Home Design

  • Built-Up Roof

Flooring

  • Concrete Flooring

Parking

  • 13 Open Parking Spaces
  • 13 Parking Spaces
  • Assigned Parking

Schools

  • Toltec Elementary School
  • Casa Grande Union High School

Utilities

  • Cooling Available
  • Heat Pump System
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Legal Lot and Block 3 & 4 / H
  • Assessor Parcel Number 403-06-150-A

Community Details

Overview

  • 3 Buildings
  • 13 Units
  • Building Dimensions are 200x151 approx
  • Toltec Arizona Valley#2 Lots 3 & 4 Subdivision

Amenities

  • Community Barbecue Grill

Building Details

  • Operating Expense $35,169
  • Gross Income $72,000
  • Net Operating Income $29,159

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,895

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Cross Street: Giles & Toltec Road
  • Legal Info Range: 7E
  • Property Type: Multiple Dwellings
  • Zoning: Multi
  • Number Of Buildings: 3
  • Year Built: 1973
  • Tax Year: 2017
  • Directions: From I-10 East on Hwy 84 (Jimmy Kerr Blvd) to Toltec Road, North to Giles West to Granada Dr North to the Property.
  • Attribution Contact: 5204238250
  • Road Surface Type: Asphalt
  • Professional Management Expense: 3500.0
  • Subdivision Name: Toltec Arizona Valley#2 Lots 3 & 4
  • Tax Parcel Letter: A
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Concrete
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Disposal: Yes
  • Appliances Included:Microwave2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Other, See Remarks, Slump Block
  • Roof: Built-Up
  • Construction:Slump Block: Yes

Garage/Parking

  • Parking Features: Assigned
  • Attached Garage: No
  • Open Parking Spaces: 13.0
  • Total Parking Spaces: 13.0
  • General Property Description:Uncvrd Parking Spcs: 13.0
  • General Property Description:Total Parking Spcs: 13.0
  • Parking:Paved Parking: Yes
  • Parking:Add_squote_l Parking Avail: Yes
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: APS, Individual Meter
  • Cooling: Individual, Heat Pump, Electric
  • Heating: Heat Pump, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Master Meter
  • Heating:Electric: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: Barbecue, No Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Fenced3: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes
  • Community Amenities:Barbecue: Yes
  • Exterior Amenities:Pet Restrictions: Yes

Fee Information

  • Annual Water Sewer Expense: 6600.0

Schools

  • Elementary School: Toltec Elementary School
  • High School: Casa Grande Union High School
  • Middle Or Junior School: Toltec Elementary School

Lot Info

  • Lot Size: 200x151 approx
  • Additional Parcels: No
  • Parcel #: 403-06-150-A

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Cable TV
  • Number Of Units Total: 13
  • Electric Expense: 12000.0
  • Annual Gross Income: 72000.0
  • Insurance Expense: 4712.0
  • Maintenance Expense: 4625.0
  • Property Net Operating Income: 29159.0
  • Annual Operating Expense: 35168.6
  • Vacancy Allowance Rate: 0.1

Tax Info

  • Tax Annual Amount: 2894.6
  • Tax Block: H
  • Tax Book Number: 403.00
  • Tax Lot: 3 & 4

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
04/29/2025 04/29/25 Price Changed $923,800 0.0% --
04/21/2025 04/21/25 Price Changed $924,000 0.0% --
04/14/2025 04/14/25 Price Changed $924,200 0.0% --
04/07/2025 04/07/25 Price Changed $924,400 0.0% --
03/31/2025 03/31/25 Price Changed $924,600 0.0% --
03/24/2025 03/24/25 Price Changed $924,800 0.0% --
02/26/2025 02/26/25 For Sale $925,000 0.0% --
02/22/2025 02/22/25 Off Market $925,000 -- --
11/19/2024 11/19/24 Price Changed $925,000 -7.0% --
10/16/2024 10/16/24 Price Changed $995,000 -5.2% --
09/22/2024 09/22/24 Price Changed $1,050,000 -12.5% --
08/22/2024 08/22/24 For Sale $1,200,000 +66.7% --
03/19/2021 03/19/21 Sold $720,000 -5.5% --
03/18/2021 03/18/21 Price Changed $762,000 0.0% --
02/10/2021 02/10/21 Pending -- -- --
09/12/2020 09/12/20 For Sale $762,000 +68.6% --
12/13/2018 12/13/18 Sold $452,000 -1.7% --
07/26/2018 07/26/18 Pending -- -- --
07/26/2018 07/26/18 For Sale $460,000 -- --
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5798386

Arizona Regional Multiple Listing Service (ARMLS)