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255 W Elm ST Nogales, AZ 85621
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Key Details
Sold Price $155,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 3,350 sqft
Price per Sqft $46
MLS Listing ID 22321175
Sold Date 12/18/23
Year Built 1940
Annual Tax Amount $1,072
Tax Year 2022
Lot Size 14 Sqft
Acres 0.32
Lot Dimensions Irregular
Source MLS of Southern Arizona
Property Description
Phenomenal investment opportunity to own a five unit multi-family property in the heart of downtown Nogales! Property is comprised of five one bedrooms units, all at full occupancy, all on month to month leases. Utilities on three of the units are separately metered! The large 0.32 of an acre lot extends from W. Elm Street to N. Sonoita Avenue! Located 0.1 of a mile away from Sacred Heart of Jesus Parish, units are walking distance to all the amenities that downtown Nogales has to offer! At just under a 6% capitalization rate (based on owners paying all utilities) with a gross scheduled rent of $19,200.00 annually, do not miss out! (Tax records has property address of 184 N. Sonoita Avenue)
Location
State AZ
County Santa Cruz
Area Scc-Nogales East
Zoning Nogales - SFR4
Direction Start on N. Grand Avenue and W. Elm Street, head West on W. Elm Street to address on left hand side - 255 W. Elm Street.
Interior
Heating Heating Electric
Cooling Evaporative Cooling, Wall Unit(s)
Exterior
Parking Features Common
Fence Chain Link
Utilities Available Sewer Connected
View Y/N No
Water Access Desc Public
Roof Type Built-Up
Building
Lot Description East/West Exposure, North/South Exposure, Subdivided
Others
Tax ID 101-43-079
Acceptable Financing Conventional, Cash, Submit
Listing Terms Conventional, Cash, Submit
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