Duncan, AZ 85534,24 SHADY Lane
Duncan, AZ 85534,24 SHADY Lane
Duncan, AZ 85534,24 SHADY Lane
Duncan, AZ 85534,24 SHADY Lane
Duncan, AZ 85534,24 SHADY Lane
Duncan, AZ 85534,24 SHADY Lane
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$ 649,999
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$ 649,999
Est. payment | /mo
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Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 6783049

Maintenance Fees $197

Originating Board Arizona Regional Multiple Listing Service (ARMLS)

Year Built 2001

Annual Tax Amount $1,163

Tax Year 2024

Lot Dimensions 432.98 x 97.81 x 422.19 x 98.59

Property Description

Seize this lucrative investment opportunity with a 16.25% cap rate in a high-demand rental area near the Morenci Mine. This property spans 41,102 sq. ft. and features 7 mobile homes. 5 Single-Wide Homes with 840 sf, each with 3 bed, 2 baths. 2 Double-Wide Homes with one at 1456 sf, the other with 1120 sf, both with 3 bed, 2 baths. Individually metered for gas/electric, 3 septic systems and a well water supply. Duncan is known for its rich history & serene environment, offering a welcoming vibe. Town provides local dining, shops and annual events while outdoor enthusiasts enjoy hiking & fishing in nearby Greenlee County. Close to US Route 70 ensures convenient access to nearby cities & amenities. This property is easy to manage with steady tenancy & excellent returns.

Location

State AZ

County Greenlee

Zoning MHP

Direction I-10 E to US-60 E, to Main St to property.

Interior

Heating Central, Natural Gas

Cooling Central Air, Ceiling Fan(s), Window/Wall Unit

Flooring Carpet, Vinyl, Wood

Appliance Built-In Range, Refrigerator, W/D Hookup

Exterior

Parking Features >1 Space Per Unit

Community Features No Pool

Roof Type Other,Composition

Total Parking Spaces 7

Building

Sewer Septic in & Cnctd, Septic Tank

Water See Remarks, Domestic Well

New Construction No

Schools

Elementary Schools Duncan Elementary

Middle Schools Duncan Elementary

High Schools Duncan High School

School District Duncan Unified District

Others

Senior Community No

Tax ID 300-54-063

Acceptable Financing Conventional

Listing Terms Conventional

Arizona Regional MLS (ARMLS)
Listed by Better Homes & Gardens Real Estate SJ Fowler
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24 SHADY Lane