Mammoth, Arizona Elderly widow MUST sell 27 units including an onsite manager's unit absolutely beautiful! OWC w/$275 cash down 7% interest 5 yrs. Absolutely...
Apartment Building - Southhaven OWNER WILL CARRY
Status: Price: Bldg. Size: Units: Cap Rate: Primary Type: Sub-Type:
Active $775,000 21,430 SF 27 N/A Multifamily Garden/Low-Rise
Highlights
27 Units.
Just North of Oro Valley/Tucson
Five Star property rebuilt 2007
Current income $70,000 annual Proforma $150,000
Owner will carry with $275 Cash down 7% for 5years interest only.
8/1bedroom, 8/2bedroom/11/3bedroom/2bath
Description
Elderly widow MUST sell 27 units including an onsite manager's unit absolutely beautiful! OWC w/$275 cash down 7% interest 5 yrs. Absolutely beautiful property in pristine condition. No deferred maintenance. Built in 1997, rebuilt in 2007. 8/1bed/, 8/2bed, 11/3bed/2bath. Parklike setting on 2 acres. Building 21,430 square feet. Presently has only 45% occupancy. Not fully rented after renovations. Seriously underperforming property with scheduled proforma income of $150K. Current expenses $25K. Vacancies caused by economy. Seller will finance w/$275 down at 7% for 5 years on an AITD. No seminar buyers please. No less than $275K cash down. Elderly widow sacrifices at below foreclosure or REO price. This is truly beautiful property. No appraisal, no hassle, no credit report required. REAL owner financing - no surprises.
Awesome views of Sonora Mts. Property in Mammoth just North of the Oro Valley just North of Tucson. Mammoth is incorporated and has public sewers. Good employment in the area with many copper mines. Tenants are carefully screened with background as well as credit check. Excellent tenant history. Property is underperforming. Resident mgr onsite/no salary.
