A Remarkable 4 Plex nestled on the corner of 7th street & 20th Ave. The 4 Plex is comprised of 2 - 2 Bedroom/1 Bath, and 2 - 1 Bedroom/1 Bath Units and a coin operated laundry room. In addition, the property has 3 storage units, and a fenced in sturdy parking structure for the residents! The home appraised for $259,000 in October 2019. Owner will produce appraisal documents during inspection phase.
The income is as follows:
Unit 1 - $625
Unit 2 - $550
Unit 3 - $550
Unit 4 - $650
Laundry - $100 Average
Total $2,475 per month
Total $29,400 per year
Great value add opportunity with RUBS implementation and rent raise to current market value. Two long term residents, 1 resident on an annual lease, and other on a 6 month lease. All residents have completed a background check prior to move in. Lease agreements available during inspection phase.
Owner currently pays for water, trash, landscaping, gas, and washer/dryer lease. The property is individually metered for electricity.
Recent rehabs on two units consisting of new floors, baseboards, paint and a cabinet / countertop refresh.
Sold for $450,000 on 06/25/24
$450,000
1979 W 7th St, Yuma, AZ 85364
6beds
2,590sqft
MultiFamily
Built in 1980
-- sqft lot
$451,000 Zestimate®
$174/sqft
$1,657 Estimated rent
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Heat pump, Gas
Cooling
- Central
Appliances
- Included: Refrigerator
Interior area
- Total interior livable area: 2,590 sqft
Property
Features
- Exterior features: Stucco
Lot
- Size: 8,769 sqft
Details
- Parcel number: 63262323
Construction
Type & style
- Home type: MultiFamily
Materials
- steel
Condition
- Year built: 1980
Utilities & green energy
- Utilities for property: Electric, City Water, Indiv Metered, Telephone, Cable Tv, Cable Tv, Sewer, Gas
Community & neighborhood
Location
- Region: Yuma
Other
Other facts
- Type: 2, 3, 4, 8 PLEXES
- Exterior Amen: Landscaped, Fenced, Storage Units, Laundry Room, Covered Parking
- Interior Amen.: Range/Ovens, Refrigerators, Laundry Area
- Utilities: Electric, City Water, Indiv Metered, Telephone, Cable Tv, Cable Tv, Sewer, Gas