This multifamily property is a remarkable opportunity for those looking to invest in real estate with substantial potential for returns. It comprises a total of four units. Of these, three units have been meticulously remodeled, while one unit has been thoughtfully updated to enhance its appeal and functionality. Each unit offers a comfortable living space of 796 square feet and includes two bedrooms and two bathrooms, making them ideal for small families, roommates, or individuals seeking a cozy yet spacious home. The layout is designed to maximize space and provide a comfortable living experience. One of the standout features of this property is the small fenced backyard that each unit boasts. This private outdoor space is perfect for enjoying the fresh air, gardening, or entertaining guests. The lush plants and mature trees that surround the home not only enhance its aesthetic appeal but also provide a natural privacy screen, giving each unit a secluded feel despite being part of a multifamily building. The remodeled units come with significant upgrades that include new roofs, energy-efficient AC units, heaters, and modern kitchens equipped with the latest appliances and finishes. These upgrades not only add value to the property but also ensure a comfortable and convenient living environment for the tenants. The updated unit, while not fully remodeled, has received significant improvements such as new flooring and has an AC system, ensuring it remains competitive and appealing to potential occupants. Furthermore, all four units have been freshly painted inside and out, giving them a clean and inviting look that is sure to attract tenants looking for a new place to call home. The property is situated in an area where rental demand is high, which translates to substantial income potential for the owner. With a high cap rate, the possibilities for generating income are vast. This is a perfect opportunity for someone looking to live in one of the units while renting out the others, essentially having the mortgage covered by the rental income. Overall, this property offers a unique blend of comfort, privacy, and financial opportunity, making it an attractive prospect for investors and homeowners alike. Owner/Agent
MLS# | 6823793 |
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Listing Type | For Sale |
Sub-Type | For-sale |
Status | UCB (Under Contract-Backups) |
Year | 1978 |
Days On Site | 33 |
Listing Provided By | Arizado Realty | Lucas Hardin |
Car Port | Yes |
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Pool | Yes |
Units | 4 |
Building(s) | 2 |
Zoning | R-2 |
State | AZ |
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County | Cochise |
City | Sierra Vista |
Zip Code | 85635 |
Area | Cochise |
School District | Sierra Vista Unified District |
Elementary School | Sierra Vista Unified District |
Middle School | Joyce Clark Middle School |
High School | Sierra Vista Unified District |
Listing VS Median (In 85635) | |
Price: $549,000 low | high Med: $249,900 On site: 33 low | high Med: 29.000000 |