3333 W 8th St., Thatcher, AZ 85552

3333 W 8th St., Thatcher, AZ 85552
Photo 1 of 1
$4,582,890
Sold on 11/09/17
Beds Baths Sq. Ft. Taxes Built
0.00 0 1981
On the market: 359 days
View full details, 15 photos, school info, and price history
8th Street Apartments & Fitness Club. Historic 10+% CAP Rate. 11 buildings, 5.17 acres. 93 income units: 88 residential,fitness club,3 office & laundry. Option (see documents) to purchase 75 Apts Laundry for $4.0 million (Divide residential & commercial). Fitness Club built 1981 & newer constructed Apts added since 2003 (average age 5 years). Additional 5,250sf expansion to Fitness Club + 3 commercial offices completed 2016. Club open to public Includes:heated indoor pool, spa, sauna, racketball, gym etc. Steady cash flow & history 95% occupancy. Zoned C-M commercial, residential, retail. Additional $ growth opportunity: 1/2 acre shovel ready land for new construction of 10-12 2BR Apts (in place-power, water, sewer). On site managers will stay. Prospectus + financials to qualified Buyer
Listing courtesy of Jeffrey Masich, HomeSmart