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3333 W 8TH Street, Thatcher, Arizona

$4,800,000Active

3333 W 8TH Street, Thatcher, Arizona 85552
HomeSmart - MLS® ID: 5525663

Property Details

3333 W 8TH Street, Thatcher, Arizona 85552 - 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

Amenities

  • Zip85552
  • CountyGraham
  • StatusActive
  • Purchase TypeActive
  • Property typeMulti-Family
  • Zoning typeC-M
  • School districtOut of Area
  • Year built1981
  • Lot size5.17 acres
  • SewerSewer - Public
  • HeatingElectric
  • CoolingElectric Refrigeratd
  • ParkingPaved Parking
  • Tax amount$0.00
  • Office IDcril02
  • Agent IDjm1159
  • Agent nameJeffrey Masich
  • MLS® ID5525663

Broker: HomeSmart

Listing Courtesy of HomeSmart

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