INVESTORS TAKE NOTICE! Income-producing triplex in Rio Rico featuring three tenant-occupied units generating $2,850 in combined monthly rental income ($950 per unit). All three units are currently on month-to-month rental agreements, offering flexibility for future ownership plans. The property was previously marketed at $1,100 per unit, presenting an opportunity for… Read More investors to explore future rental adjustments based on market conditions. Each unit features durable block construction with freshly painted exteriors. Additional improvements include a bronze standing-seam metal roof installed approximately 10 years ago, approximately 70 feet of rustic-style metal fencing with an attractive weathered bronze/brown finish, providing an added layer of privacy and security! There three HVAC units of approximately the same age, all currently operating with no known issues. Conveniently located near local schools, shopping, and Interstate 19 access. Don't miss this opportunity to acquire an established, income-producing multifamily property in Santa Cruz County! Read Less
Courtesy of A.Z. & Associates 602-456-7600
Listing Snapshot
Days Online
1
Last Updated
Beds
12
Year Built
1993
MLS Number
7102201
Additional Details
Property Access
Road Surface: Asphalt
Building
Built in 1993, 1 building, Construction Materials: Painted, Block, Brick
Community
No Pool
Cooling
Ceiling Fan(s), Electric
Disclosures
Seller Prop Disc Stm
Expenses
Insurance: $2,300, Operating: $3,805
Floors
Tile
Heating
Electric
Income
Gross Income: $30,305, Gross ScheduledIncome: $29,600, Net Operating Income: $26,385
Lot
Dimensions: 86.79 x 114.83 56.76 x 85.20
Owner Pays
Landscaping
Parking
7 open parking spaces, 7 total parking spaces, Free, 1 Space/Unit
Roof
Metal
Security Features
Security Light(s)
Sewer
Public Sewer
Taxes
Additional parcels description:, Parcel Number: 124-03-100, Public Survey Range: 13E, Public Survey Section: 21, Annual Amount: $1,505, Tax Block: 665, Tax Book Number: 124.00, Legal Description: LOT 4 BLOCK 665 RIO RICO VILLAS 13, Lot: 4, Year: 2025, Zoning: MF
Utilities
Water Source: City Franchise, Other (See Remarks)
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