SoldNov 9, 2017

Listed by Jeffrey Masich from HomeSmart

Bought with Daniel Rosenbaum from Rosenbaum Realty Group

Source: Arizona Regional Multiple Listing Service #5525663

3333 W 8th St, Thatcher, AZ, 85552

$4,582,890

130

MultiFam

30+ days on the market

Sold: Nov 9, 2017

What's around 3333 W 8th St

About this property

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

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Seller's review

over 7 years ago

Large Arizona Apartment Complex

Thanks Jeff for your great job handling a very complicated commercial sale on a large apartment building and Health club business when all other realtors was unable to explain the government lease purchase , you did a great job and closed the deal on a lucrative sale

C
Cblan873
Seller

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