NOT LISTED FOR SALE

50 N Casa Grande Ave Casa Grande, AZ 85122

14 Beds
7 Baths
700 Sq Ft
1986 Built

Last Sold July 10, 2018

Last sale price $370,000 $529 Per Sq Ft

3 Days on Market

Highlights

  • Cooling Available
  • Concrete Flooring
  • Heat Pump System

About This Home

As of July 2018

CASH COW !! 100% occupied, conveniently located in Casa Grande. Brick structure. All 2 BR, 1 BA units. Beautiful open beam ceilings. All units have VCT flooring over concrete slab. Individually metered, low maintenance landscaping with drip irrigation. Landlord pays water, trash, sewer and property tax. 2 units leased at $500/mo and 4 units leased at $525/mo., 1 Unit leased at $725 Gross income $45,900 per year, 7% vacancy allowance, expenses approx. $14,655 with NOI of $28,032 = 7.47 ACTUAL CAP Rate. Upside in rents after minor unit renovations- DO NOT DISTURB TENANTS - Drive by ONLY

Last Agent to Sell the Property

Jon Hammond

Keller Williams Realty Sonoran Living License #SA555889000 Listed on: 05/23/2018

Keller Williams Realty Sonoran Living

Last Buyer's Agent

Damian Godoy

My Home Group Real Estate License #BR623758000

My Home Group Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,107

Year Built

  • Built in 1986

Home Design

  • Brick Exterior Construction
  • Block Exterior

Flooring

  • Concrete Flooring

Parking

  • 7 Open Parking Spaces
  • 15 Parking Spaces
  • 8 Covered Spaces
  • Common or Shared Parking

Schools

  • Constitution Elementary School
  • Casa Grande Middle School
  • Casa Grande Union High School

Utilities

  • Cooling Available
  • Heat Pump System

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Legal Lot and Block 1 / 2
  • Assessor Parcel Number 507-06-003

Community Details

Overview

  • 7 Units
  • Building Dimensions are 200X120
  • Myers Addition Subdivision

Building Details

  • Operating Expense $14,655
  • Gross Income $42,687
  • Net Operating Income $28,032

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,107

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Cross Street: Hwy 84 - Jimmie Kerr Blvd. and Casa Grande Ave.
  • Legal Info Range: 06E
  • Property Type: Multiple Dwellings
  • Zoning: COMM
  • Number Of Buildings: 1
  • Year Built: 1986
  • Tax Year: 2017
  • Directions: From I-10 and Jimmie Kerr Blvd. West to Casa Grande Ave. 1st right from traffic circle. Behind Circle K.
  • Road Surface Type: Dedicated Street, Curb(s) & Gutter(s), Alley
  • Subdivision Name: MYERS ADDITION
  • Construction Brick: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Concrete
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:BI OvenRange: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Brick Veneer, Block, Brick
  • Roof: Rolled/Hot Mop
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 8.0
  • Parking Features: Common
  • Attached Garage: No
  • Open Parking Spaces: 7.0
  • Total Parking Spaces: 15.0
  • General Property Description:Covered Parking Spcs: 8.0
  • General Property Description:Uncvrd Parking Spcs: 7.0
  • General Property Description:Total Parking Spcs: 15.0
  • Parking:Carport: Yes
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: APS
  • Cooling: Heat Pump, Electric
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Private Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Community Amenities:No Pool: Yes

Fee Information

  • Trash Expense: 2472.0
  • Annual Water Sewer Expense: 3276.0

Schools

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

Lot Info

  • Lot Size: 200X120
  • Additional Parcels: No
  • Parcel #: 507-06-003

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Cable TV
  • Number Of Units Total: 7
  • Annual Gross Income: 42687.0
  • Insurance Expense: 3000.0
  • Property Net Operating Income: 28032.0
  • Annual Operating Expense: 14655.0
  • Vacancy Allowance Rate: 0.07

Tax Info

  • Tax Annual Amount: 4107.0
  • Tax Block: 2
  • Tax Book Number: 507.00
  • Tax Lot: 1

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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 Prior Sale
07/10/2018 07/10/18 Sold $370,000 -1.4% $529 / Sq Ft
06/01/2018 06/01/18 For Sale $375,210 0.0% $536 / Sq Ft
05/25/2018 05/25/18 Pending -- -- --
05/22/2018 05/22/18 For Sale $375,210 +59.7% $536 / Sq Ft
05/31/2012 05/31/12 Sold $235,000 0.0% $336 / Sq Ft View Prior Sale
04/20/2012 04/20/12 Pending -- -- --
03/15/2012 03/15/12 For Sale $235,000 -- $336 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Jon Hammond

    Seller's Agent in 2018

    Jon Hammond

    Keller Williams Realty Sonoran Living

    (480) 444-7200

    1 in this area

    22 Total Sales

    Jon Hammond
    Section Image
  • Damian Godoy

    Buyer's Agent in 2018

    Damian Godoy

    My Home Group Real Estate

    (480) 685-2760

    5 in this area

    263 Total Sales

    Damian Godoy
    Section Image

  • B

    Seller's Agent in 2012

    Brandon Nunes

    Infinity Wealth Real Estate

  • Mike Vasquez

    Buyer's Agent in 2012

    Mike Vasquez

    eXp Realty

    (520) 723-7423

    2 Total Sales

    Mike Vasquez
    Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5770082

Arizona Regional Multiple Listing Service (ARMLS)
Arizona Pinal County Casa Grande 85122

50 N Casa Grande Ave, Casa Grande, AZ

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

Nearby Homes