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Property Description

EXCELLENT MULTIFAMILY INVESTMENT OPPORTUNITY | 344 N. State Avenue| SOMERTON, ARIZONA Exceptional opportunity to acquire a three-unit multifamily investment property in the growing community of Somerton, Arizona! This triplex features three two-bedroom, one-bathroom residences, offering investors an attractive opportunity for rental income and long-term appreciation potential. Each unit is individually metered, providing greater flexibility in utility management and helping investors manage operating expenses. The property also features a dedicated on-site laundry room that can serve the entire complex, offering additional convenience for residents. With rental rates ranging from $950 to $1,100 per month per unit, this property offers potential gross rental income of $2,850 to $3,300 monthly, or $34,200 to $39,600 annually, assuming full occupancy at those rates. Situated in Somerton, a community with opportunities for continued residential and commercial expansion, this property presents an attractive investment opportunity in an evolving market. Whether you're expanding an existing investment portfolio or purchasing your first multifamily property, this triplex offers income potential, individually metered units, and the added convenience of an on-site laundry facility. THREE UNITS. INDIVIDUALLY METERED. STRONG RENTAL POTENTIAL. An excellent opportunity to invest in income-producing real estate and build long-term generational wealth. 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
6,500 Sq.Ft.
MLS ID
20267052
Property Type
Multi-Family
Year Built
2016

Features & Amenities

Total Area
550 Sq.Ft.
Stories
1
Water Source
Public
Utilities
Cable Available, Electricity Available, Electricity Connected, Sewer Available, Water Available
Roof
Shake, Shingle
Lot Features
City Lot
Parking
Accessible Parking, On Street, Parking Pad, Paved
Air Conditioning
Central Air
Laundry Room
Common Area, Laundry Room, Outside
Appliances
Microwave, Range, Refrigerator
Sewer
Public Sewer
Sales Price
$405,000
Real Estate Tax
$2,082/yr
Zoning
Multi-Family

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344 N State Avenue

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344 N State Avenue

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    License #SA575145000

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