218 N 1ST Street, Sierra Vista, AZ 85635 (MLS# 6679358)

$112,000

218 N 1ST Street
Sierra Vista, AZ 85635
MLS# 6679358
Status: Closed

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Property Description
TURNKEY INVESTMENT OPPORTUNITY! Already rented with long term, stable tenants that would love to stay! This property offers an 8% cap rate with 3 separate rental units on one lot! Two of which are site-built; 1 bedroom/1bath units and one 2002 Forrest River 8x27 RV (conveys as personal property with sale). New flooring installed 2023, ample off-street parking, centrally located near Fort Huachuca, shopping and the West End. Add to your portfolio or take advantage of this great opportunity for a first-time investor to get in at a low purchase price and high cap rate! PLEASE DO NOT DISTURB TENANTS. Cash purchase only. SELLER ACCEPTING BACKUP OFFERS

Details

Maps

Contract Info

Current Price: $98,000

List Price: $112,000

Status: Closed

List Date: 2024-03-19

Ownership: Fee Simple

Location Tax Legal

House Number: 218

Compass: N

Street Name: 1ST

St Suffix: Street

City/Town Code: Sierra Vista

State/Province: AZ

Zip Code: 85635

Zip4: 1575

County Code: Cochise

Subdivision: SECOND ADDITION TO FRY

Assessor Number: 106-71-152

Tax Year: 2023

General Property Description

Lot Size Dimensions: 60x139x60x139

Year Built: 1965

Uncvrd Parking Spcs: 4

Total # of Units: 3

# of Buildings: 3

Zoning: MH-72

Flood Zone: No

Elementary School District: Sierra Vista Unified District

High School District: Sierra Vista Unified District

Remarks Misc

Cross Street: Fry Blvd & N Canyon Dr

Directions: Fry Blvd to N Canyon Dr, left on N Railroad Ave, left on N 1st St

Geo Lat: 31.55902

Geo Lon: -110.2978

Status Change Info

Off Market Date: 2024-06-29

Under Contract Date: 2024-05-13

Close of Escrow Date: 2024-07-03

Sold Price: 98000

Legal Info

Block: 12

Lot Number: 27

Income Expenses

Gross Annual Sch Inc: 14400

Net Operating Income: 9092

Showing Notification Methods

Showing Service: No Showing Service Used

1 Bedroom Units

# 1 Bedroom Units: 3

Avg Rent: 400

Avg SqFt: 340

# Baths: 1

Contact Info

List Agent Home Phn: 480-430-4760

Sold Info

Loan Type: Other

Payment Type: Other

Closing Cost Split: Normal - N

Buyer Concession $/%: $

Seller Concession $/%: $

Property Features

Project Type: Other (See Remarks)

Construction: Wood Frame

Const - Finish: Painted

Roofing: Composition

Floors: Vinyl; Other

Sale Includes: Personal Property; Other (See Remarks)

Community Features: No Pool

Appliances Included: Free-Standing Range; Refrigerator; Microwave

Heating: See Remarks

Cooling: See Remarks

Water Source: Private

Sewer: Sewer - Public

Electric: SSVEC

Gas: SW Gas

Parking Features: >1 Space Per Unit; Free

Road Surface Type: Asphalt

Owner Pays: Water; Trash Collection

Tenant Pays: Electricity; Gas

Source of Fincl Data: Owner

Showing Notification Methods: Text; Phone Call

Lockbox Type: None

Existing 1st Loan: Treat as Free&Clear

New Financing: Other (See Remarks)

Environmental: None

Listing Office: Long Realty Company

Last Updated: August - 06 - 2025

Wednesday 1st of April 2026 10:45 PM