$619,000
Concho, AZ 85924
MLS# 6962051
1 / 32
Property Description
Owner willing to carry! Terms negotiable. All units rented with a CAP Rate of 6.23. This is a really great income streaming property. With potential value-add options. Additional parcel number: 201-71-002E.
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $619,000
List Price: $619,000
Status: Active
List Date: 2025-12-31
Location, Tax & Legal
Assessor's Map #: 71
Legal Description (Abbrev): SECTION 18 TOWNSHIP 12N RANGE 26E COM SW COR OF SEC 18 E 1473.61' NELY 653.07' CONTIN NELY 12.62' TO
Assessor's Parcel #: 2
Assessor Parcel Ltr: C
Add'l Parcels: Yes
Tax Municipality: Apache - COUNTY
Census Tract: 944902
Taxes: 2265
Legal: SECTION 18 TOWNSHIP 12N RANGE 26E COM SW COR OF SEC 18 E 1473.61' NELY 653.07' CONTIN NELY 12.62' TO
Marketing Name: Clubhouse Lane Apartments
House Number: 80
Street Name: CLUBHOUSE
St Suffix: Lane
City/Town Code: Concho
State/Province: AZ
Zip Code: 85924
County Code: Apache
Assessor Number: 201-71-002-C
Tax Year: 2023
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 10
Lot Size Dimensions: Irregular - approx 282x130
Flood Zone: No
Total # of Units: 8
Elementary School District: Concho Elementary District
Elementary School: Concho Elementary School
Jr. High School: Concho Elementary School
Year Built: 1973
Zoning: AG
Legal Info
Range: 26E
Section: 18
Township: 12N
Lot Number: 002C & E
Project Type
5 - 12 Units: 1
Other Type
Other (See Remarks): 1
Construction
Wood Frame: 1
Const - Finish
Painted: 1
Stone: 1
Siding: 1
Roofing
Metal: 1
Floors
Vinyl: 1
Carpet: 1
Sale Includes
Personal Property: 1
Laundry Equipment: 1
Income & Expenses
Annual Elec Exp: 6500
Annual Ins Exp: 2200
Annual Landscape Exp: 1000
Annual Maint Exp: 1500
Annual Trash Exp: 1440
Annual Wtr/Swr Exp: 2400
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 17305
Other Income: 500
Vacancy Allowance: 0.15
Adjusted Gross Inc: 56525
Total Monthly Rental Income: 5491
Pmt & Rate Info
Cap Rate: 6.63
Equity: 619000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Showing Service: No Showing Service Used
Text: 1
Email: 1
Phone Call: 1
Lockbox Type
None: 1
Community Features
No Pool: 1
Heating
Electric: 1
Window/Wall Unit(s): 1
Cooling
Electric: 1
Window/Wall Unit: 1
Interior Features
Partially Furnished: 1
Fire/Smoke Alarm(s): 1
Vertical Blinds: 1
Mini Blinds: 1
Tenant Pays
Cable TV: 1
Appliances Included
Microwave: 1
Refrigerator: 1
Built-In Range: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Water Source
Private: 1
Master Meter: 1
Sewer
Sewer - Private: 1
Parking Features
Free: 1
1 Space/Unit: 1
Electric
Master Meter: 1
Other (See Remarks): 1
Gas
None: 1
Owner Pays
Water: 1
Sewer: 1
Electric: 1
Trash Collection: 1
Landscaping: 1
New Financing
Cash: 1
VA: 1
Conventional: 1
Owner May Carry: 1
1031 Exchange: 1
Trade: 1
Reports/Disclosures
None: 1
Environmental
None: 1
Efficiency Units
# Efficiency Units: 6
Avg Rent: 650
Avg SqFt: 250
# Baths: 1
1 Bedroom Units
# 1 Bedroom Units: 2
Avg Rent: 750
Avg SqFt: 450
# Baths: 1
2 Bedroom Units
Avg Rent: 0
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Geo Lat: 34.434608
Geo Lon: -109.636306
Income Expenses
Gross Annual Sch Inc: 66000
Net Operating Income: 41060
Property Features
Project Type: 5 - 12 Units
Other Type: Other (See Remarks)
Construction: Wood Frame
Const - Finish: Painted; Stone; Siding
Roofing: Metal
Floors: Vinyl; Carpet
Sale Includes: Personal Property; Laundry Equipment
Community Features: No Pool
Interior Features: Partially Furnished; Fire/Smoke Alarm(s); Vertical Blinds; Mini Blinds
Appliances Included: Built-In Range; Refrigerator; Microwave
Heating: Window/Wall Unit(s)
Cooling: Electric; Window/Wall Unit
Water Source: Private; Master Meter
Sewer: Sewer - Private
Electric: Master Meter; Other (See Remarks)
Gas: None
Parking Features: 1 Space/Unit; Free
Road Surface Type: Asphalt
Owner Pays: Water; Electric; Trash Collection; Landscaping
Tenant Pays: Cable TV
Source of Fincl Data: Owner
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
New Financing: Cash; VA; Conventional; Owner May Carry; 1031 Exchange; Trade
Environmental: None
Listing Office: Landmark Homes, L.L.C.
Last Updated: December - 31 - 2025
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