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3035 W Shedd Road

Eloy, AZ 85131
  • $2,300,000
  • STATUS: Active
  • ON SITE: 78 Days
  • MLS #: 6361976
UPDATED: 32 min ago
$2,300,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1974
County:
Area:

Description

Pride of ownership shows in every aspect of this well maintained property. The long term owners have taken great care in the renovation and modernization of the complex. Five units have undergone recent full renovations which included new carpet and paint, kitchen and bath updates and new fixtures, ceiling fans and added interior safety features. Two additional units also underwent previous renovations. The decisions the owners made on capital improvements shows the vested interest they had in making the complex truly turn key for the next owner. The units have been fully connected to the city sewer system - no more septic tank headaches plus a recent land survey was done to provide peace of mind on the lot lines. They have installed new concrete sidewalks, new roofs over several units,the laundry building and carports, recent exterior painting for both the complex and laundry building, new mailboxes and motion security lighting for the common areas. The exterior grounds have been transformed into a welcoming community gathering place with low maintenance trees, soil leveling and additional rock and gravel to help with erosion and overall aesthetics. The curb appeal of the complex attracts a long wait list of potential tenants. The location is nestled in the no longer sleepy I-10 / I-8 tech corridor. The complex is near major job creators such as Nicola, Lucid, Kohler and SRP's solar power plant. The municipality of Eloy prides themselves on their well managed water and wastewater long term resource planning and easy access to rail and highway transportation. These things, plus the growing need for developable land has turned Eloy into a hot commodity for both American and foreign companies needing room to expand. The residential building right near the complex is further proof of a growing community. Robson Resorts and Century Homes are developing in the area currently and land around Breezeway Apartments is going fast. For additional information on the units, rental rates and cap rate / expenses, please view the documents tab or contact lister. Drive by only. Do not disturb the tenants.

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© 2022 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than The Copa Team | The Maricopa Real Estate Company. Data last updated 2022-05-19T07:17:31.883.
www.findmaricopa.com/homes/126224292
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3035 W Shedd Road Eloy, AZ 85131

  • Price: $2,300,000
  • Status: Active
  • On Site: 78 Days
  • Updated: 32 min ago
  • MLS #: 6361976
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1974
Built
Neighborhood:
Breezeway Apartments / Amd Toltect/Arizona Unit Twenty Two
County:
Pinal
Area:
Eloy
Elementary School:
Toltec Elementary School
Middle School:
Toltec Elementary School
High School:
Casa Grande Union High School
School District:
0022 - Toltec Elementary District - Pinal
Property Description
Pride of ownership shows in every aspect of this well maintained property. The long term owners have taken great care in the renovation and modernization of the complex. Five units have undergone recent full renovations which included new carpet and paint, kitchen and bath updates and new fixtures, ceiling fans and added interior safety features. Two additional units also underwent previous renovations. The decisions the owners made on capital improvements shows the vested interest they had in making the complex truly turn key for the next owner. The units have been fully connected to the city sewer system - no more septic tank headaches plus a recent land survey was done to provide peace of mind on the lot lines. They have installed new concrete sidewalks, new roofs over several units,the laundry building and carports, recent exterior painting for both the complex and laundry building, new mailboxes and motion security lighting for the common areas. The exterior grounds have been transformed into a welcoming community gathering place with low maintenance trees, soil leveling and additional rock and gravel to help with erosion and overall aesthetics. The curb appeal of the complex attracts a long wait list of potential tenants. The location is nestled in the no longer sleepy I-10 / I-8 tech corridor. The complex is near major job creators such as Nicola, Lucid, Kohler and SRP's solar power plant. The municipality of Eloy prides themselves on their well managed water and wastewater long term resource planning and easy access to rail and highway transportation. These things, plus the growing need for developable land has turned Eloy into a hot commodity for both American and foreign companies needing room to expand. The residential building right near the complex is further proof of a growing community. Robson Resorts and Century Homes are developing in the area currently and land around Breezeway Apartments is going fast. For additional information on the units, rental rates and cap rate / expenses, please view the documents tab or contact lister. Drive by only. Do not disturb the tenants.
Exterior Features

Construction Block Construction Finish PaintedStucco Covered Parking Spaces 10.00 Exterior Amenities Cable Tv AvailableDesert LandscapingSecurity Light(S)Separate Storage Lot Size Dimensions 203 X 154 Parking 1 Space/UnitAdd'l Parking AvailCarportFree Roads AsphaltDedicated Street Roofing Tile

Interior Features

1 Bedroom Unit Avg Sq Ft 0 1 Bedroom Unit Baths 0 2 Bedroom Unit Avg Sq Ft 866 2 Bedroom Units Baths 1 3 Bedroom Unit Avg Sq Ft 1300 3 Bedroom Unit Baths 1 4 Bedroom Unit Avg Sq Ft 0 4 Bedroom Unit Baths 0 Appliances Included DishwasherDisposalF/S Oven/RangeMicrowave Cooling Electric Efficiency Unit Avg Sq Ft 0 Efficiency Unit Baths 0 Floors CarpetCeramic TileVinyl Heating Electric Interior Amenities Fire/Smoke Alarm(S)

Property Features

1 Bedroom Unit Avg Rent 0.00 1 Bedroom Units 0 2 Bedroom Unit Avg Rent 700.00 2 Bedroom Units 7 3 Bedroom Unit Avg Rent 800.00 3 Bedroom Units 1 4 Bedroom Unit Avg Rent 0.00 4 Bedroom Units 0 Adjusted Gross Inc 129600.00 Annual Elec Exp 2200.00 Annual Gas Exp 0.00 Annual Ins Exp 4200.00 Annual Land Lse Exp 0.00 Annual Landscape Exp 1000.00 Annual Legal And Acctg 0.00 Annual Maint Exp 4000.00 Annual Mgmt Exp 0.00 Annual Other Expense 0.00 Annual Ownr Asoc Fee 0.00 Annual Pad Fee 0.00 Annual Rplcmnt Rsrvs 0.00 Annual Trash Exp 0.00 Annual Wtr Swr Exp 3100.00 Community Amenities No Pool Cross Street Shedd & Palm Circle Efficiency Unit Avg Rent 0.00 Efficiency Units 0 Electric Aps Gas None Gross Annual Sch Inc 141000.00 Hoa YN No Net Operating Income 43155.00 New Financing 1031 ExchangeConventional Operating Exp 17143.00 Other Income 3000.00 Owner Pays LandscapingTrash CollectionWater Project Type 5 - 12 Units Sale Includes Land & Building Sewer Sewer - PublicSewer-In & Connected Source Of Financial Data Provided By Owner Tax Municipality Eloy Taxes 2643.00 Tenant Pays Cable TvElectric Vacancy Allowance 0.10 Water City Franchise Zoning R4hd

Listing provided by Mosaic Properties: (480) 588-9500.


© 2022 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than The Copa Team | The Maricopa Real Estate Company. Data last updated 2022-05-19T07:17:31.883.
 
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