3333 W 8TH Street
Thatcher, AZ 85552
About
8th Street Apartments & Fitness Club. Historic 10+% CAP Rate. 11 buildings, 5.17 acres. 93 income units: 88 residential,fitness club,3 office & laundry. Option (see documents) to purchase 75 Apts Laundry for $4.0 million (Divide residential & commercial). Fitness Club built 1981 & newer constructed Apts added since 2003 (average age 5 years). Additional 5,250sf expansion to Fitness Club + 3 commercial offices completed 2016. Club open to public Includes:heated indoor pool, spa, sauna, racketball, gym etc. Steady cash flow & history 95% occupancy. Zoned C-M commercial, residential, retail. Additional $ growth opportunity: 1/2 acre shovel ready land for new construction of 10-12 2BR Apts (in place-power, water, sewer). On site managers will stay. Prospectus + financials to qualified Buyer
Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1981
Sq.Footage
0
Features
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Cooling YN
YES
-
Cooling
Central Air, Electric
-
Heating YN
YES
-
Heating
Central, Electric
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Stucco, Block
-
Parking
Paved, Assigned, Carport
-
Pool
No
Area & Lot
-
Property Type
Residential Income
-
Property Sub Type
Multi Family
Price
-
Sales Price
$4,800,000
-
Sq. Footage
N/A
-
Price/SqFt
N/A
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Ownership
Other (See Remarks)
-
Sewer
Public Sewer
-
Tax Lot
104-40-020 & 38
-
Water Source
Other, See Remarks
Schedule
Schedule a Showing
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Location
-
County
Graham
-
Elementary School
-
Middle School
-
High School
Listing Courtesy of Jeffrey Masich , HomeSmart
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Mandy Gold
FOUNDER
Call Mandy today to schedule a private showing.
Phone (520) 335-3204
Email mandy@mandygoldteam.com
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