Great investment property in Historic Downtown Yuma. Two 2 bedroom, 1 bath units and one 1 bedroom, 1 bath unit. Unit #574 is occupied with both Units #572 & #576 are vacant. Key safe is located on unit #572. Both vacant units have fresh paint, refrigerators and gas ranges. Units have separate gas and electric meters. All units have new roofs. Unit # 576 has parking in the rear with a park area across the alley. Call Paul or Jennifer for more information.
HomePath Property - Corner lot with 4 units. 2 2 bedrooms and 2 1 bedrooms. Two are ready to rent and two need TLC. Good central area for renting. Close to local amenities and bus line. Great opportunity for owning residential income. Purchas this property for as little as 5% down. This property is approved for HomePath Renovation Mortgage Financing. Call listing agents for further details. First look (Owner occupied offers for first 20 days of listing) February 26, 2014.
Two triplexes--6 units all 1 bedroom, 1 bath. Currently rent for $400 a month. 4 of 6 units currently rented. Also has 3 storage rooms. Nice shape--mostly tile. Living room and bedroom are carpeted. Great source of income. Includes laundry room (does need a bit of work in the laundry room). Property is zoned 1/2 limited commercial B-1 and 1/2 high density residential. Apartments are not a permitted use, however can be used as apartments if the use is continued. Seller to use due diligence.
Size Upon Req.$235,000
THE INSIDE OF THE PROPERTY WILL BE SHOWN ONLY TO PROSPECTIVE BUYERS WITH A SIGNED AGREEMENT TO PURCHASE THE PROPERTY. TENENTS WILL NOT BE DISTURBED DURING THE LISTING PERIOD. BUYERS TO VERIFY SQ. FOOTAGE, UTILITIES AND FLOOD PLANE.
Size Upon Req.$200,000
Investment opportunity. 4 units, 2 upstairs & 2 downstairs. All units are 2BD 1BA, large very open kitchen & living area. Pantry, spacious countertops & cabinets. All units have central heat & air conditioning. Well maintained building with mature easy care landscape all on a drip system. Laundry facility in the neighboring building that is for use for all 3 buildings. As of 3/12/14 there is a vacant unit so easy to show. Call agent for more information.
HOMEPATH PROPERTY. TRI-PLEX; UNIT NUMBERS #4, #5, AND #6. UNIT #6 IS TENANT OCCUPIED, OTHER UNITS VACANT. EACH UNIT CONSISTS OF 2 BEDROOMS AND 1 BATH. CORNER FIREPLACE IN EACH UNIT WITH GOOD FLOOR PLAN. SMALL PRIVATE REAR PATIOS AND YARD WITH STORAGE AND LAUNDRY HOOK UPS. SINGLE CARPORT. EXCELLENT CENTRAL LOCATION. MUST PURCHASE ADJACENT MATCHING TRI-PLEX AT SAME TIME DUE TO COMMON WATER/SEWER LINES. CALL LA FOR FURTHER INFORMATION
Hidden Tree consist of four buildings, two of which house 6 units were built in 1983 and 2 of which a re 2 bedroom 1 bath houses built in 1941. All units have a private backyard, large walk-in closets, an extra storage room in unit, and modern kitchen light fixtures. Adjacent to the on site laundry are a row of storage units as well, which is rarely seen in this submarkets multifamily assets. Also this property has been fully occupied since 2009 and sits on extremely large lot.
Palm Shadows is a unique high-yield opportunity located in Yuma, Arizona. The property has been under contract with local agricultural companies over the past several years, with continued agreements expected over the next three years. The contracts create a rare opportunity for investors by minimizing expenses while maximizing the gross income of units. The current owners have been investing $30,000-$60,000 per year in capital improvements to convert 50 units of 76 to specifications designated by the agricultural contract. The contract calls for 50 units, each with two bedrooms at $11.00 per bed over a period of five months in 2013, with a possible increase to 6.5 months in 2014. The income generated from 50 units within the agricultural contract alone is projected to be over $500,000 in 2014.
Size Upon Req.$2,700,000
A well designed RV Resort containing 324 sites, many that were planned to accommodate park models or mobiles.
This long established mobile home park contains 13 well maintained park owned mobile homes and a 428 sq. ft. block rental building. There is also a two car garage/office/shop. The park has an onsite manager. The 2013 annual vacancy factor was 2.13%. The 2013 cap rate was 8.83%, which, by the end of the first quarter of 2014 had reached 9% according to the owners. The owners are implementing gradual rent increases, currently adding the local 3% rent tax to the rent. There are unique advantages in owning a property with park owned mobiles over owning apartments. First, taxes are lower because mobile homes are taxed as personal property. Second, mobile homes can be depreciated over 10 years vs 27.5 years for apartments. Third, when a unit wears out there is often a good selection of used mobile homes available to replace it.