$98,000
218 N 1ST Street
Sierra Vista, AZ 85635
MLS# 6679358
Status: Closed

218 N 1ST Street, Sierra Vista, AZ 85635
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218 N 1ST Street, Sierra Vista, AZ 85635 218 N 1ST Street, Sierra Vista, AZ 85635 Unit A 218 N 1ST Street, Sierra Vista, AZ 85635 218 N 1ST Street, Sierra Vista, AZ 85635 218 N 1ST Street, Sierra Vista, AZ 85635 218 N 1ST Street, Sierra Vista, AZ 85635 218 N 1ST Street, Sierra Vista, AZ 85635 218 N 1ST Street, Sierra Vista, AZ 85635 218 N 1ST Street, Sierra Vista, AZ 85635 218 N 1ST Street, Sierra Vista, AZ 85635 218 N 1ST Street, Sierra Vista, AZ 85635 218 N 1ST Street, Sierra Vista, AZ 85635 218 N 1ST Street, Sierra Vista, AZ 85635 Unit A Floorplan 218 N 1ST Street, Sierra Vista, AZ 85635 Unit B 218 N 1ST Street, Sierra Vista, AZ 85635 218 N 1ST Street, Sierra Vista, AZ 85635 218 N 1ST Street, Sierra Vista, AZ 85635 218 N 1ST Street, Sierra Vista, AZ 85635 218 N 1ST Street, Sierra Vista, AZ 85635 218 N 1ST Street, Sierra Vista, AZ 85635 Unit B Floorplan Unit C 218 N 1ST Street, Sierra Vista, AZ 85635 218 N 1ST Street, Sierra Vista, AZ 85635 218 N 1ST Street, Sierra Vista, AZ 85635 218 N 1ST Street, Sierra Vista, AZ 85635 218 N 1ST Street, Sierra Vista, AZ 85635 218 N 1ST Street, Sierra Vista, AZ 85635 218 N 1ST Street, Sierra Vista, AZ 85635 Unit C Floorplan

Property Description
TURNKEY INVESTMENT OPPORTUNITY! Already rented with long term, stable tenants that would love to stay! This property offers an 8% cap rate with 3 separate rental units on one lot! Two of which are site-built; 1 bedroom/1bath units and one 2002 Forrest River 8x27 RV (conveys as personal property with sale). New flooring installed 2023, ample off-street parking, centrally located near Fort Huachuca, shopping and the West End. Add to your portfolio or take advantage of this great opportunity for a first-time investor to get in at a low purchase price and high cap rate! PLEASE DO NOT DISTURB TENANTS. Cash purchase only. SELLER ACCEPTING BACKUP OFFERS

Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $98,000
Sold Price: $98,000
Status: Closed
List Date: 2024-03-19
Location, Tax & Legal
Assessor's Map #: 71
Legal Description (Abbrev): LOT 27 BLOCK 12 SECOND ADDITION TO FRY
Assessor's Parcel #: 152
Add'l Parcels: No
Tax Municipality: Cochise - COUNTY
Census Tract: 1502
Taxes: 668
Legal: LOT 27 BLOCK 12 SECOND ADDITION TO FRY
Marketing Name: SECOND ADDITION TO FRY
House Number: 218
Compass: N
Street Name: 1ST
St Suffix: Street
City/Town Code: Sierra Vista
State/Province: AZ
Zip Code: 85635
Zip4: 1575
County Code: Cochise
Subdivision: SECOND ADDITION TO FRY
Assessor Number: 106-71-152
Tax Year: 2023
General Property Description
# of Buildings: 3
Uncvrd Parking Spcs: 4
Lot Size Dimensions: 60x139x60x139
Flood Zone: No
Total # of Units: 3
Elementary School District: Sierra Vista Unified District
High School District: Sierra Vista Unified District
Year Built: 1965
Zoning: MH-72
Project Type
Other (See Remarks): 1
Construction
Wood Frame: 1
Const - Finish
Painted: 1
Roofing
Composition: 1
Floors
Vinyl: 1
Other: 1
Sale Includes
Personal Property: 1
Other (See Remarks): 1
Income & Expenses
Annual Ins Exp: 1283
Annual Maint Exp: 2400
Annual Trash Exp: 300
Annual Wtr/Swr Exp: 657
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 5308
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 14400
Pmt & Rate Info
Cap Rate: 8.12
Equity: 112000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Showing Service: No Showing Service Used
Text: 1
Phone Call: 1
Lockbox Type
None: 1
Community Features
No Pool: 1
Heating
See Remarks: 1
Cooling
See Remarks: 1
Tenant Pays
Gas: 1
Electricity: 1
Appliances Included
Free-Standing Range: 1
Refrigerator: 1
Microwave: 1
Roads/Streets
Asphalt: 1
Source of Fincl Data
Owner: 1
Water Source
Private: 1
Sewer
Sewer - Public: 1
Parking Features
Free: 1
>1 Space Per Unit: 1
Electric
SSVEC: 1
Gas
SW Gas: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
New Financing
Other (See Remarks): 1
Existing 1st Loan
Treat as Free&Clear: 1
Reports/Disclosures
Seller Prop Disc Stm: 1
Environmental
None: 1
Contact Info
List Agent Home Phn: 480-430-4760
Efficiency Units
Avg Rent: 0
1 Bedroom Units
# 1 Bedroom Units: 3
Avg Rent: 400
Avg SqFt: 340
# Baths: 1
2 Bedroom Units
Avg Rent: 0
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Sold Info
Loan Type: Other
Closing Cost Split: Normal - N
Payment Type: Other
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 0
Seller Concession $/%: $
Remarks Misc
Cross Street: Fry Blvd & N Canyon Dr
Directions: Fry Blvd to N Canyon Dr, left on N Railroad Ave, left on N 1st St
Geo Lat: 31.55902
Geo Lon: -110.2978
Status Change Info
Off Market Date: 2024-06-29
Under Contract Date: 2024-05-13
Close of Escrow Date: 2024-07-03
Sold Price: $98,000
Legal Info
Block: 12
Lot Number: 27
Income Expenses
Gross Annual Sch Inc: 14400
Net Operating Income: 9092
Property Features
Project Type: Other (See Remarks)
Construction: Wood Frame
Const - Finish: Painted
Roofing: Composition
Floors: Vinyl; Other
Sale Includes: Personal Property; Other (See Remarks)
Community Features: No Pool
Appliances Included: Free-Standing Range; Refrigerator; Microwave
Heating: See Remarks
Cooling: See Remarks
Water Source: Private
Sewer: Sewer - Public
Electric: SSVEC
Gas: SW Gas
Parking Features: >1 Space Per Unit; Free
Owner Pays: Water; Trash Collection
Tenant Pays: Electricity; Gas
Source of Fincl Data: Owner
Showing Notification Methods: Text; Phone Call
Lockbox Type: None
Existing 1st Loan: Treat as Free&Clear
New Financing: Other (See Remarks)
Environmental: None

Listing Office: Long Realty Company

Last Updated: August - 06 - 2025

218 N 1ST Street, Sierra Vista, AZ 85635 - MLS# 6679358

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