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$ 1,350,000
Est. payment /mo
Active
714 W Main St Somerton, AZ 85350
8 Beds
1 Bath
4,763 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type OTHER
Listing Status Active
Purchase Type For Sale
Square Footage 4,763 sqft
Price per Sqft $283
MLS Listing ID 20262773
Bedrooms 8
HOA Y/N No
Property Sub-Type OTHER
Property Description
Prime mixed-use investment opportunity! Built in 2022, this turnkey property features eight modern residential units complete with stoves, refrigerators, washers and dryers totaling approximately 4,173 square feet plus a 590-square-foot commercial space in a highly visible location. The property is zoned for both commercial and multifamily use, providing exceptional flexibility and long-term investment potential. The residential units are beautifully finished with wood-look tile flooring throughout, granite countertops, rich custom cabinetry, modern fixtures, in-unit stackable washer and dryers, ceiling fans, and complete appliance packages. Each unit is thoughtfully designed with contemporary finishes that attract quality tenants while offering low-maintenance ownership. Current income includes eight residential units rented at $750 per month each plus a commercial space leased at $835 per month. Additional upside exists with three dedicated food truck spaces that have the potential to generate approximately $400 per month each, creating significant opportunity to increase cash flow. The property offers ample paved parking, attractive common outdoor gathering areas with covered ramadas, durable stucco construction, and excellent curb appeal. Located along a well-traveled corridor with outstanding visibility and convenient access to shopping, dining, schools, and major transportation routes, this is a rare opportunity to acquire a newer construction mixed-use investment with immediate income and future upside.This property should be able to sell alcohol. Current income is $6,835, Potential total renting 3 food Truck Spaces @ $400 per mont is Potential Total monthly income $8,035 ($96,420 annually)
Location
State AZ
County Us
Area Somerton
Interior
Window Features Double Pane Windows
Appliance Range/Ovens, Refrigerator
Exterior
Parking Features Paved
Building
Water City Water
Others
Security Features Smoke Detector(s)
Listed by Realty Executives McConnaughay