Incredible Investment Opportunity in the heart of Safford, Arizona! Discover the potential of this excellent investment property situated in a prime location. With its strategic location on a spacious 0.26-acre corner lot, just minutes away from everything, this property is a rare gem in the thriving community of Safford. The property features three units, comprising a main home and two adjacent apartments, providing versatile living options for occupants. Main Home Features: • Charming main home with quaint architectural features • 1096 sq ft of living space • 2 bedrooms and 1 bath • Large living and dining rooms with high ceilings, built-ins, and arches • Hardwood floors for classic elegance • A new wall sets off this stately main home. Apartment Features: • One 1-bedroom apartment and one studio apartment, each approximately 512 sq ft • Kitchens in all three units include a refrigerator and range. Off-street parking for six cars ensures convenience for residents and guests, while the additional space for RV parking adds a valuable asset. Enjoy the peace of mind that comes with recent electrical upgrades and the durability of architectural shingles, enhancing the property's overall value. According to the City of Safford zoning regulations, the property is designated as R1-6, Single Family Residential. Although no new structures are allowable, this status ensures a stable neighborhood environment. This investment property has maintained an impressive 100% occupancy rate since 2014, underscoring its desirability and reliability as a source of income. Whether you're a seasoned investor or just starting, this property is a golden opportunity to capitalize on the flourishing real estate market in Safford. Don't miss the chance to own a piece of this thriving community and secure a sound investment for the future. Make this exceptional property a cornerstone of your investment portfolio!
For sale by owner
$357,000
1102 S 8th Ave, Safford, AZ 85546
4beds
2,120sqft
Est.:
MultiFamily
Built in 1925
-- sqft lot
$243,000 Zestimate®
$168/sqft
$-- HOA
What's special
Rv parkingHigh ceilingsCorner lotNew wallMain homeArchitectural shinglesHardwood floors
- 140 days
- on Zillow |
- 492 |
- 11 |
Listed by:
(928) 322-2261
Travel times
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Forced air, Other, Electric, Gas
Cooling
- Evaporative, Other, Wall
Appliances
- Included: Range / Oven, Refrigerator
Features
- Flooring: Concrete, Hardwood, Laminate
- Basement: None
Interior area
- Total interior livable area: 2,120 sqft
Property
Parking
- Total spaces: 6
- Parking features: Off-street, Garage
Features
- Exterior features: Brick, Cement / Concrete
Lot
- Size: 0.26 Acres
Details
- Parcel number: 10119057
Construction
Type & style
- Home type: MultiFamily
Materials
- steel
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1925
Community & HOA
Location
- Region: Safford
Financial & listing details
- Price per square foot: $168/sqft
- Tax assessed value: $141,815
- Annual tax amount: $916
- Date on market: 12/6/2024
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