4220 N Granada Drive, Eloy, AZ 85131 (MLS# 6988556)

4220 N Granada Drive, Eloy, AZ 85131

$995,000

Property Type: Multiple Dwellings Status: Active

Current Price: $995,000 Last Modified: 5/07/2026

Overview

Description

*Residential Financing Opportunity* for 12 Units- 3 separate Parcels With Diverse Easy to Lease Unit Mix Of 4-2 Bedrooms 4- 1 Bedrooms and 4- Studio Apartments. Solid Block Construction With Well Maintained Roof and AC Units, Units Have Tile In Kitchen, Living and Full Baths With Tubs. All Units Have Private Back Doors, Lots Of Parking, Lighting and Coin Laundry On Site For Extra Income. Lots of Room On Rents, Market are $875+ for 2 Bedrooms $700+ for 1 Bedrooms and $550+ for Studios, Eloy is a growing manufacturing Hub with demand for housing. This is an opportunity to get in before the market climbs. All Facts and Figures Approximate, Buyer To Verify To Their Own Satisfaction

Listing Details MLS# 6988556

Location, Tax & Legal

House Number: 4220
Compass: N
Street Name: Granada
St Suffix: Drive
City/Town Code: Eloy
State/Province: AZ
Zip Code: 85131
Country: US
County Code: Pinal
Assessor Number: 403-06-144
Tax Year: 2025
Assessor's Map #: 6
Assessor's Parcel #: 144
Add'l Parcels: Yes
Tax Municipality: Eloy
Taxes: 2474
Legal: Lot 9,19,11 Block G Toltec Arizona Valley
Marketing Name: 12 In Eloy

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: 163 X 276
Year Built: 1964
Uncvrd Parking Spcs: 24
Total # of Units: 12
# of Buildings: 3
Zoning: Unkonwn

Remarks Misc

Cross Street: I-10 and Toltec Rd
Directions: East on Toltec Rd, North on Giles St., East on Granada. Property is on the West Side

Legal Info

Lot Number: 9,10,11

Income Expenses

Gross Annual Sch Inc: 85920
Net Operating Income: 60875

More Information

Showing Notification Methods

Showing Service: Aligned Showings

Efficiency Units

# Efficiency Units: 4
Avg Rent: 558
Avg SqFt: 400
# Baths: Yes

1 Bedroom Units

# 1 Bedroom Units: 4
Avg Rent: 572
Avg SqFt: 550
# Baths: Yes

2 Bedroom Units

# 2 Bedroom Units: 4
Avg Rent: 658
Avg SqFt: 775
# Baths: Yes

Project Type

5 - 12 Units: Yes

Construction

Block: Yes

Const - Finish

Painted: Yes

Roofing

Composition: Yes

Floors

Tile: Yes
Carpet: Yes

Sale Includes

Land & Building: Yes

Income & Expenses

Annual Elec Exp: 3792
Annual Gas Exp: 0
Annual Ins Exp: 4215
Annual Land Lse Exp: 0
Annual Landscape Exp: 0
Annual Legal & Acctg: 0
Annual Maint Exp: 6000
Annual Mgmt Exp: 0
Annual Trash Exp: 2056
Annual Wtr/Swr Exp: 7899
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual Other Expense: 1109
Operating Exp: 27545
Other Income: 2500
Vacancy Allowance: 0
Adjusted Gross Inc: 88420
Total Monthly Rental Income: 7160

Pmt & Rate Info

Cap Rate: 6.12
Equity: 995000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0

Lockbox Type

See Private Remarks: Yes

Community Features

See Remarks: Yes

Heating

Individual: Yes

Cooling

Heat Pump: Yes
Individual: Yes

Exterior Amenities

Other (See Remarks): Yes

Interior Features

Other (See Remarks): Yes

Tenant Pays

Gas: Yes
Electricity: Yes

Appliances Included

Free-Standing Electric Oven: Yes
Refrigerator: Yes
Washer/Dryer: Yes
See Remarks: Yes

Road Access Type

City Street: Yes

Road Surface Type

Asphalt: Yes

Source of Fincl Data

Owner: Yes
Projected Proforma: Yes
Other (See Remarks): Yes

Water Source

City Franchise: Yes

Sewer

Sewer - Public: Yes

Parking Features

>1 Space Per Unit: Yes

Electric

APS: Yes
Individual Meter: Yes

Gas

SW Gas: Yes
Individual Meter: Yes

Owner Pays

Water: Yes
Sewer: Yes
Trash Collection: Yes
Landscaping: Yes
See Remarks: Yes

New Financing

Cash: Yes
Conventional: Yes
1031 Exchange: Yes

Reports/Disclosures

None: Yes

Environmental

None: Yes

3 Bedrooms Units

Avg Rent: 0

4 Bedrooms Units

Avg Rent: 0

Property Features

Project Type: 5 - 12 Units Construction: Block Const - Finish: Painted Roofing: Composition Floors: Tile; Carpet Sale Includes: Land & Building Community Features: See Remarks Exterior Amenities: Other (See Remarks) Interior Features: Other (See Remarks) Appliances Included: Free-Standing Electric Oven; Refrigerator; Washer/Dryer; See Remarks Heating: Individual Cooling: Heat Pump; Individual Water Source: City Franchise Sewer: Sewer - Public Electric: APS; Individual Meter Gas: SW Gas; Individual Meter Parking Features: >1 Space Per Unit Road Access Type: City Street Road Surface Type: Asphalt Owner Pays: Water; Trash Collection; Landscaping; See Remarks Tenant Pays: Electricity; Gas Source of Fincl Data: Owner; Projected Proforma; Other (See Remarks) Lockbox Type: See Private Remarks New Financing: Cash; Conventional; 1031 Exchange Environmental: None

Listing Office: Better Homes & Gardens Real Estate SJ Fowler

Last Updated: May - 07 - 2026