Sale includes 3 buildings with 3 addresses: 205, 217, 221 N Elm St. Renovated in 2018 and located directly next to Down Town Gilbert. For more information, see Offering Memorandum in documents tab. Includes more photos, T12 financials and current rent roll as of 5/2/22.
- Price:
- $4,250,000
- Year Built:
- 1972
- Listing ID #:
- 6396421
- Street Address:
- 205 N Elm St
- City:
- Gilbert
- State:
- Arizona
- Postal Code:
- 85234
- County:
- Maricopa
- Subdivision:
- Gilbert
- Listing Status:
- Active
- Listing Type:
- ResidentialMultiFamily
School District: 041 - Gilbert Unified District
PRESCHOOL-6
400 students
11 student/teacher
7-8
438 students
16 student/teacher
9-12
2150 students
19 student/teacher
- Construction Description:
- Brick, Frame - Wood
- Exterior Features:
- Cable Tv Available, Green Landscaping, Partially Fenced
- Flooring:
- Vinyl
- Interior Features:
- Fire/Smoke Alarm(s), Mini Blinds, Unfurnished
- Number Of Units:
- 12.00
- Siding:
- Painted
- Type Of Roof:
- Comp Shingle
- Year Built:
- 1972
- Adjusted Gross Income:
- 216518.40
- Net Operating Income:
- 175127.23
- Operating Expense:
- 1314.00
- Conforms To Zoning:
- Ra3
- Community Features:
- No Pool
- Included In Sale:
- Land & Building, Personal Property
- Terms:
- 1031 Exchange, Conventional
- Owner Pays:
- Gas, Landscaping, Sewer, Trash Collection, Water
- Property Taxes:
- $1,314
- Tenant Pays:
- Cable Tv, Electric
- Parking Description:
- 1 Space/Unit, Paved Parking
- Parking Spaces:
- 12.00
- Appliances:
- Dishwasher, Disposal, F/S Oven/Range, Microwave, Refrigerator, W/D Hookup, Washer/Dryer
- Cooling System:
- Ceiling Fan(s), Electric
- Electricity:
- Aps
- Existing Water:
- City Franchise, Master Meter
- Gas:
- Master Meter, Sw Gas
- Heating:
- Electric, Individual
- Sewage Type:
- Sewer - Public
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.
Your Payment
$1,400/mo
Source: CINC
- Listings Provided by June Street Advisors
