218 N 1ST Street, Sierra Vista, AZ 85635
$98,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$98,000
Last Modified:
5/19/2025
Description
TURNKEY INVESTMENT OPPORTUNITY! Already rented with long term, stable tenants that
would love to stay! This property offers an 8% cap rate with 3 separate rental units on one lot!
Two of which are site-built; 1 bedroom/1bath units and one 2002 Forrest River 8x27 RV
(conveys as personal property with sale). New flooring installed 2023, ample off-street parking,
centrally located near Fort Huachuca, shopping and the West End. Add to your portfolio or take
advantage of this great opportunity for a first-time investor to get in at a low purchase price
and high cap rate! PLEASE DO NOT DISTURB TENANTS. Cash purchase only. SELLER ACCEPTING BACKUP OFFERS
More Information MLS# 6679358
Contract Info
Current Price: $98,000
Sold Price: $98,000
Status: Closed
List Date: 2024-03-19
Ownership: Fee Simple
Location Tax Legal
House Number: 218
Compass: N
Street Name: 1ST
St Suffix: Street
City/Town Code: Sierra Vista
State/Province: AZ
Zip Code: 85635
Zip4: 1575
Country: US
County Code: Cochise
Subdivision: SECOND ADDITION TO FRY
Assessor Number: 106-71-152
Tax Year: 2023
General Property Description
Lot Size Dimensions: 60x139x60x139
Year Built: 1965
Uncvrd Parking Spcs: 4
Total # of Units: 3
# of Buildings: 3
Zoning: MH-72
Flood Zone: No
Elementary School District: Sierra Vista Unified District
High School District: Sierra Vista Unified District
Remarks Misc
Cross Street: Fry Blvd & N Canyon Dr
Directions: Fry Blvd to N Canyon Dr, left on N Railroad Ave, left on N 1st St
Geo Lat: 31.55902
Geo Lon: -110.2978
Status Change Info
Status Change Date: 2024-07-05
Off Market Date: 2024-06-29
Under Contract Date: 2024-05-13
Close of Escrow Date: 2024-07-03
Sold Price: $98,000
Legal Info
Block: 12
Lot Number: 27
Income Expenses
Gross Annual Sch Inc: 14400
Net Operating Income: 9092
Showing Notification Methods
Showing Service: No Showing Service Used
1 Bedroom Units
# 1 Bedroom Units: 3
Avg Rent: 400
Avg SqFt: 340
# Baths: 1
Contact Info
List Agent Home Phn: 480-430-4760
Sold Info
Loan Type: Other
Payment Type: Other
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Property Features
Project Type: Other (See Remarks)
Construction: Wood Frame
Const - Finish: Painted
Roofing: Composition
Floors: Vinyl; Other
Sale Includes: Personal Property; Other (See Remarks)
Community Features: No Pool
Appliances Included: Free-Standing Range; Refrigerator; Microwave
Heating: See Remarks
Cooling: See Remarks
Water Source: Private
Sewer: Sewer - Public
Electric: SSVEC
Gas: SW Gas
Parking Features: >1 Space Per Unit; Free
Owner Pays: Water; Trash Collection
Tenant Pays: Electricity; Gas
Source of Fincl Data: Owner
Showing Notification Methods: Text; Phone Call
Lockbox Type: None
Existing 1st Loan: Treat as Free&Clear
New Financing: Other (See Remarks)
Environmental: None
Listing Office: Long Realty Company
Last Updated: May - 19 - 2025
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