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Property Description

RARE SIX-UNIT MULTIFAMILY INVESTMENT OPPORTUNITY | SOMERTON, AZ | $840,000 An outstanding opportunity to acquire an established yet newer income-producing multifamily property in the growing city of Somerton, Arizona! Built just 13 years ago, this unique six-unit property includes four separate residential buildings, each offering two bedrooms, one bathroom, and private backyards. A fifth building provides on-site laundry facilities. Each unit is individually metered for electricity, and tenants enjoy dedicated parking an increasingly rare feature. The property currently earns $1,000 to $1,100 per unit, generating potential gross rental income of $72,000 to $79,200 annually. After approximately $10,000 to $11,000 in annual expenses, net operating income provides a balanced cap rate. Somerton is poised for continued expansion and growth, making this newer, well-maintained property an exceptional investment opportunity. Offered at $840,000, this is your chance to invest in Somerton's future. Contact Ruben Fontanes/Fontanes Real Estate Group for additional information or to schedule a private showing. Call or Text: (928) 580-1731.

Overview

Property Status
Pending
Lot Size
0.32 Acres
MLS ID
20267046
Property Type
Other
Year Built
2014

Features & Amenities

Stories
1
Water Source
Public
Utilities
Cable Available, Electricity Available, Internet Available, Sewer Available, Sewer Connected, Water Available, Water Connected
Lot Features
Back Yard
Parking
Accessible Parking, Paved
Heat Type
Natural Gas
Air Conditioning
Ceiling Fan(s), Central Air
Laundry Room
Common Area
Appliances
Microwave, Range, Refrigerator, Water Heater
Other Interior Features
Open Floorplan
Sewer
Public Sewer
Sales Price
$840,000
Real Estate Tax
$5,329/yr
Zoning
Multi-Family

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227 W Cano Street

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for your interest in 227 W Cano Street, Somerton, AZ 85350

227 W Cano Street
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227 W Cano Street

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    License #SA575145000

    (928) 580-1731
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