420 N LINCOLN Avenue, Casa Grande, AZ 85122
$360,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$360,000
Last Modified:
5/24/2025
Description
Excellent opportunity to own an income-producing turnkey, fully remodeled multifamily property in the heart of Casa Grande. Three units total on one parcel! Great way to get a start in real-estate investing as a landlord, by house-hacking or also perfect setup for a family with aging parents and/or young adults wanting to have their own space as they enter college. This amazing property is close to everything you need. The main home is 3-bed/1.5-ba, there's an attached 1-bd/1-ba casita and a separate 2-bed/1-ba home. The 2-bedroom home and 1-bedroom unit are currently used as Airbnb. All have new AC, roof, water heater, flooring, paint and updated kitchens. Call your favorite Realtor today to go tour it!
More Information MLS# 6733518
Contract Info
Current Price: $360,000
Sold Price: $360,000
Status: Closed
List Date: 2024-07-19
Ownership: Fee Simple
Location Tax Legal
House Number: 420
Compass: N
Street Name: LINCOLN
St Suffix: Avenue
City/Town Code: Casa Grande
State/Province: AZ
Zip Code: 85122
Zip4: 4636
Country: US
County Code: Pinal
Subdivision: MYERS HOMESTIES 1ST UNIT
Assessor Number: 507-03-088
Tax Year: 2023
General Property Description
Lot Size Dimensions: 0x0
Year Built: 1950
Uncvrd Parking Spcs: 2
Total # of Units: 3
# of Buildings: 2
Zoning: General Rural
Elementary School District: Casa Grande Elementary District
High School District: Casa Grande Union High School District
Remarks Misc
Cross Street: Florence Blvd & Lincoln Avenue
Directions: South on Lincoln Avenue, property is on the corner of Lincoln Avenue and 5th Street
Geo Lat: 32.877423
Geo Lon: -111.743382
Status Change Info
Status Change Date: 2024-09-05
Off Market Date: 2024-08-30
Under Contract Date: 2024-07-26
Close of Escrow Date: 2024-09-04
Sold Price: $360,000
Legal Info
Township: 06S
Range: 06E
Section: 29
Block: 11
Lot Number: 6
Income Expenses
Gross Annual Sch Inc: 51600
Net Operating Income: 39600
Showing Notification Methods
Showing Service: Aligned Showings
Efficiency Units
# Efficiency Units: 3
Avg Rent: 1500
Avg SqFt: 1000
# Baths: 4
1 Bedroom Units
# 1 Bedroom Units: 1
Avg Rent: 900
Avg SqFt: 412
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 1
Avg Rent: 1800
Avg SqFt: 600
# Baths: 1
3 Bedrooms Units
# 3 Bedroom Units: 1
Avg Rent: 1600
Avg SqFt: 1476
# Baths: 2
Sold Info
Loan Type: FHA
Loan Years: 30
Payment Type: Fixed
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: %
Property Features
Project Type: Tri-Plex
Other Type: House + Rental Units
Construction: Adobe
Const - Finish: Painted; Stucco
Roofing: Composition
Floors: Carpet; Other
Sale Includes: Building(s) Only
Community Features: No Pool
Appliances Included: Free-Standing Range; Refrigerator
Heating: Natural Gas; Central
Cooling: Window/Wall Unit; Central Air
Water Source: Private
Sewer: Sewer - Public
Electric: APS
Gas: SW Gas
Parking Features: Carport
Owner Pays: None
Tenant Pays: Water; Sewer; Electricity; Gas; Trash Collection; Cable TV; Landscaping
Source of Fincl Data: Owner
Lockbox Type: None
Existing 1st Loan: Treat as Free&Clear
New Financing: Cash; VA; FHA; Conventional
Environmental: None
Listing Office: Real Broker
Last Updated: May - 24 - 2025
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