3333 W 8th St

Thatcher AZ 85552

130

Multi-Family

Last sold for $4,582,890

Jeffrey Masich, last sold this property on 09 November 2017 after 261 days on market.

Overview

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

Features

130 carspaces

100 open car spaces

Multi-Family

Estimated Value

We need at least 3 similar multi families sold in Thatcher over the last 12 months.

Property history for 3333 W 8th St

2017

Sold

$4,582,890

09 Nov 2017 by Jeffrey Masich, of HomeSmart

Happy sellers in Thatcher

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