$220,000
Superior, AZ 85173
MLS# 6174698
Status: Closed
1 / 25
Property Description
Passive income at its finest with this truly ''turnkey'' duplex just outside of Phoenix Metro. Where else can you find a fully remodeled duplex with a CAP rate hovering at 9%!! Each unit is complete with 3 beds, 2 baths, tankless water heaters, granite counters, new cabinets, newer Trane AC units and each unit their own 200 amp electric meters. Owner only pays water and sewer! Established tenants paying $995 each making the gross income of this building nearly $24k/yr. There is a massive housing shortage in this area with more so on the horizon with the new copper mine opening in less than 3 years. This property has everything you could want-it's turnkey, fully rented,remodeled in the past year, high rents/cap rate, and massive upside with continued shortage of housing in the area.
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $220,000
Sold Price: $220,000
Status: Closed
List Date: 2020-12-26
Location, Tax & Legal
Assessor's Map #: 5
Legal Description (Abbrev): BELMONT ADD SUP N-102' OF LOTS 22 & 23 & PART OF LOT 24 IN BLK 2 2
Assessor's Parcel #: 210
Assessor Parcel Ltr: A
Add'l Parcels: No
Tax Municipality: Superior
Census Tract: 400
Taxes: 778
Legal: BELMONT ADD SUP N-102' OF LOTS 22 & 23 & PART OF LOT 24 IN BLK 2 2
Marketing Name: unknown
Map Code/Grid: C77
House Number: 938
Compass: S
Street Name: CHURCH
St Suffix: Avenue
City/Town Code: Superior
State/Province: AZ
Zip Code: 85173
Zip4: 4036
County Code: Pinal
Subdivision: BELMONT ADDITION
Assessor Number: 105-05-210-A
Tax Year: 2020
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 4
Lot Size Dimensions: 8730
Total # of Units: 2
Elementary School District: Superior Unified School District
High School District: Superior Unified School District
Elementary School: John F Kennedy Elementary School
Jr. High School: Superior Junior High School
High School: Superior Senior High School
Year Built: 1952
Zoning: GR
Legal Info
Range: 12E
Section: 03
Township: 02S
Block: 22
Lot Number: 22,23,24
Project Type
Duplex: 1
Construction
Block: 1
Const - Finish
Painted: 1
Stucco: 1
Roofing
Composition: 1
Floors
Concrete: 1
Sale Includes
Land & Building: 1
Income & Expenses
Annual Elec Exp: 0
Annual Gas Exp: 0
Annual Ins Exp: 1100
Annual Land Lse Exp: 0
Annual Legal & Acctg: 0
Annual Maint Exp: 0
Annual Mgmt Exp: 0
Annual Trash Exp: 0
Annual Wtr/Swr Exp: 1200
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Operating Exp: 3078
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 23880
Total Monthly Rental Income: 1990
Pmt & Rate Info
Cap Rate: 8.99
Equity: 240000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Lockbox Type
None: 1
Community Features
No Pool: 1
Heating
Electric: 1
Cooling
Ceiling Fan(s): 1
Electric: 1
Heat Pump: 1
Interior Features
Fire/Smoke Alarm(s): 1
Mini Blinds: 1
Tenant Pays
Electricity: 1
Trash Collection: 1
Appliances Included
Dishwasher: 1
Disposal: 1
Microwave: 1
Refrigerator: 1
Free-Standing Range: 1
W/D Hookup: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
<1 Space Per Unit: 1
Paved: 1
Electric
APS: 1
Individual Meter: 1
Gas
None: 1
Owner Pays
Water: 1
Sewer: 1
New Financing
VA: 1
Conventional: 1
FHA: 1
1031 Exchange: 1
Special
Owner/Agent: 1
Existing 1st Loan
Treat as Free&Clear: 1
Reports/Disclosures
Seller Prop Disc Stm: 1
Environmental
None: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
Avg Rent: 0
3 Bedrooms Units
# 3 Bedroom Units: 2
Avg Rent: 995
Avg SqFt: 1150
# Baths: 2
4 Bedrooms Units
Avg Rent: 0
Sold Info
Loan Type: Conventional
Loan Years: 30
Closing Cost Split: Normal - N
Payment Type: Fixed
Buyer Concession to Seller: 0
Buyer Concession $/%: %
Seller Concession to Buyer: 0
Seller Concession $/%: %
Remarks Misc
Cross Street: Crowe St and Church Ave
Directions: Us-60 East towards Globe, turn right onto Church Ave, left onto W Crowe St, 1st right onto S Church Ave and property is on the right.
Geo Lat: 33.285762
Geo Lon: -111.101193
Status Change Info
Off Market Date: 2021-04-16
Under Contract Date: 2021-02-17
Close of Escrow Date: 2021-05-20
Sold Price: $220,000
Income Expenses
Gross Annual Sch Inc: 23880
Net Operating Income: 21580
Property Features
Project Type: Duplex
Construction: Block
Const - Finish: Painted; Stucco
Roofing: Composition
Floors: Concrete
Sale Includes: Land & Building
Community Features: No Pool
Interior Features: Fire/Smoke Alarm(s); Mini Blinds
Appliances Included: Free-Standing Range; Refrigerator; Dishwasher; Disposal; Microwave; W/D Hookup
Cooling: Ceiling Fan(s); Electric; Heat Pump
Water Source: City Franchise
Sewer: Sewer - Public
Electric: APS; Individual Meter
Gas: None
Parking Features: <1 Space Per Unit; Paved
Road Surface Type: Asphalt
Owner Pays: Water
Tenant Pays: Electricity; Trash Collection
Source of Fincl Data: Owner
Special: Owner/Agent
Lockbox Type: None
Existing 1st Loan: Treat as Free&Clear
New Financing: VA; FHA; Conventional; 1031 Exchange
Environmental: None
Supplements
This one will go fast!!
Listing Office: Go 4 Cash Flow
Last Updated: December - 19 - 2025
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