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255 Elm W, Nogales, AZ 85621
$155,000
255 Elm W, Nogales, AZ 85621View this property at 255 Elm W, Nogales, AZ 85621
255 Elm WNogalesAZ85621
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Property Description
Phenomenal investment opportunity to own a five unit multi-family property in the heart of downtown Nogales! Property is comprised of five one bedrooms units, all at full occupancy, all on month to month leases. Utilities on three of the units are separately metered! The large 0.32 of an acre lot extends from W. Elm Street to N. Sonoita Avenue! 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 just under a 6% capitalization rate (based on owners paying all utilities) with a gross scheduled rent of $19,200.00 annually, do not miss out! (Tax records has property address of 184 N. Sonoita Avenue)
Full Property Details
Full Property Details for 255 Elm W
General
- Sold For: $155,000
- Taxes: $1,073 (2022)
- Status: Closed
- Type: Apartment
- MLS ID: 22321175
Location
- Area: SCC-Nogales East
- Municipality: Nogales - SFR4
- County: Santa Cruz
- Driving Directions: Start on N. Grand Avenue and W. Elm Street, head West on W. Elm Street to address on left hand side - 255 W. Elm Street.
Heating & Cooling
- Heating Type: Electric
Utilities
- Sewer: Connected
- Water: City
Structural Information
- Construction: Brick
- Square Feet: 3,350
- Sq. Ft. Source: Assessor
- Year Built: 1940
Lot Features
- Lot Size (Acres): 0.32
- Lot Size (Sq. Ft.): 13,800
- Lot Size Source: Assessor
- Lot Dimensions: Irregular
- Zoning: Nogales - SFR4
- Lot Description: East/West Exposure, North/South Exposure, Subdivided
Financial Considerations
- Price Per Sq. Ft.: $58.21
- Lot Price Per Sq. Ft.: $14.13
- Tax Amount: $1,073
- Tax Year: 2022
- Terms: Cash, Conventional, Submit
Disclosures and Reports
- Legal Description: Sub City Of Nogales Lots 3E, 4, And 5 Blk 5
- Flood Zone: TBD
- Environmental Discl: Seller Prop Disclosure
Listed by Realty Executives Arizona Terr
Sold by Realty Executives Arizona Terr
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Schools
Schools serving 255 Elm W
School District:Nogales Unified District
Rating | Name | Grades | Distance |
---|---|---|---|
1905 N Apache Blvd, Nogales, AZ 85621 | 9-12 | 2.2 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
255 Elm W, Nogales, AZ 85621 (MLS# 22321175) is a Apartment property that was sold at $155,000 on December 18, 2023. Want to learn more about 255 Elm W? Do you have questions about finding other Apartment real estate for sale in Nogales? You can browse all Nogales real estate or contact a Coldwell Banker agent to request more information.