$650,000
Nogales, AZ 85621
MLS# 22318247
Status: Closed
9575 sqft
1 / 13
Property Description
Phenomenal investment opportunity to own a 12 unit multi-family property in the heart of downtown Nogales! Property is comprised of ten two-bedroom and two three-bedroom units, all at full occupancy, with a majority of the tenants being long term renters! Ten of the units are on month to month leases with two of the units on year leases through the Nogales Housing Authority. Utilities are separately metered! Located 0.1 of a mile away from Sacred Heart of Jesus Parish, units are walking distance to all the amenities that downtown Nogales has to offer! At a 9.38% capitalization rate and an annual gross scheduled rent of $67,200.00, do not miss out!
Details
Maps
Documents
Address Information
Street #: 458
Direction: W
Street Name: Elm
Suffix: Street
State/Province: AZ
Zip Code: 85621
County: Santa Cruz
Country: USA
Location Tax Legal
Tax Code: 101-43-027
Area: SCC-Nogales East
Contract Information
Current Price: $650,000
Sold Price: $650,000
Listing Date: 2023-08-24
Status: Closed
Method of Title: Fee (Simple)
Short Sale: No
Status Change Info
Off Market Date: 2023-09-19
Pending Date: 2023-11-02
Sold Date: 2024-03-13
Sold Price: $650,000
Sold Price/SqFt: 67.89
Lot Sz Sold Prc/SqFt: 17.69
Financing: Cash
General Property Information
Property Sub-Type: Apartment
Construction Status: Existing
# Units: 12
Multi-Tenant: Yes
Year Built: 1964
Lot Dimensions: Irregular
Lot Acres: 0.84
Lot Sqft: 36750
Lot Size Source: Assessor
Combined SqFt: 9575
Source of SqFt: Assessor
Leasable SqFt: 9575
List Price/SqFt: 67.89
Lot Size Price/SqFt: 17.69
Remarks Misc
Geo Lat: 31.337362
Geo Lon: -110.945102
Showing Information
Directions: Start on N. Grand Avenue and W. Elm Street, head West on W. Elm Street to address on right hand side - 458 W. Elm Street.
Income
Gross Scheduled Rent: 67200
Adjusted Gross: 67200
Total Expenses: 6247.08
Net Opp Income: 60952.92
Analysis
Cap Rate %: 9.38
Gross Rent Multi: 9.67
Exp/SqFt: 0.65
Exp % of Gross: 9.3
Expenses
Figures Presented: Proforma
Insurance: 3633
Taxes/Assessments: 2614.08
Apartment Unit Information
# of Units/2 BR: 10
Avg Mo Rent/2 BR: 450
# of Units/3 BR: 2
Avg Mo Rent/3 BR: 550
Electric
Electric Company: Unisource
Submit With Offer
Seller Title Company: Laywers Title of Ari
Property Features
Property Features: Smoke Detector
Construction: Slump Block
Roof: Built-Up - Reflect; Rolled
Main Cooling: Ceiling Fan(s); Evaporative Cooling
Main Heating: Natural Gas; Other
Water Heater: Natural Gas
Gas: Natural
Sewer: Connected
Water: Public
Security: None
Fence: Block
Landscape - Front: Flower Beds; Low Care; Shrubs; Trees
Landscape - Rear: Low Care; Shrubs; Trees
Road Type: Paved
Parking: Common; Paved Parking
Lot Features: Hillside Lot; North/South Exposure; Subdivided
Terms: Cash; Conventional; Submit
Submit With Offer: Lender Pre-Approval; Loan Pre-Qualifiaction
Property Disclosures: Seller Prop Disclosure
Special Conditions: None
Lead Paint Discl 
Listing Office: Realty Executives Arizona Territory
Last Updated: March - 10 - 2026
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