53450 S 297th Avenue, Gila Bend, AZ 85337

  • $1,100,000
53450 S 297th Avenue, Gila Bend, AZ 85337

Overview

  • 0
  • Bathroom
  • 1978
  • Year Built

Description

INVESTORS! 13.4 acres total. Includes parcel 4 Cotton Center Rd (10 acres). On both parcels there is 1 house, 2 duplexes, 4 mobile homes, 1 unfinished mobile home, 6 RV spots. There is a 500 foot well with a 250 foot water table pumping 35 GPM.

Septics with all new piping. New well pump ($6,000) less than 3 months old. RV spots are finished except wiring for pedestals ( pedestals included) It is currently bringing in $7,965 which is a 8.6 CAP RATE. With the RV spots rented out at $400; brings the potential gross income to $124,380. Bringing it to an 11 CAP. The house is presently renting at $1,000 which can easily be raised to 1,400. There is a full basement which could be made into 2 separate living areas, renting each for 1,200+.

  • Address 297th
  • City Gila Bend
  • State/county Maricopa
  • Zip/Postal Code 85337

Details

Updated on September 16, 2023 at 8:36 am
  • Price: $1,100,000
  • Bathroom: 0
  • Year Built: 1978
  • Property Status: Multiple Dwellings

Additional details

  • Listing ID: 6604696
  • Source System: Arizona Regional Multiple Listing Service (ARMLS)
  • Listing Office: Libertas Real Estate

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