1405 N FRENCH Street, Casa Grande, AZ 85122 (MLS# 7072305)

1405 N FRENCH Street, Casa Grande, AZ 85122

$645,000

Property Type: Multiple Dwellings Bedrooms: 11 Baths: 6 Status: Active

Current Price: $645,000 Last Modified: 9/09/2026

Overview

Description

Exceptional investment opportunity to own a fully occupied 6-unit multifamily property in the growing community of Casa Grande. This well-maintained 6-Plex offers immediate, reliable cash flow with all six units currently leased. Each tenant has completed a thorough application process, including background and credit screening, and is secured under formal lease agreements, providing added confidence for investors. Whether you're looking to expand your real estate portfolio or acquire a turnkey income-producing property, this investment offers strong rental stability and minimal vacancy concerns. Located in a desirable area with convenient access to shopping, dining, schools, major employers, and transportation routes, the property is well-positioned for continued tenant demand.

Supplements: Don't miss this outstanding opportunity to own a fully leased multifamily asset in one of Casa Grande's steadily growing rental markets.

Listing Details MLS# 7072305

Location, Tax & Legal

House Number: 1405
Compass: N
Street Name: FRENCH
St Suffix: Street
City/Town Code: Casa Grande
State/Province: AZ
Zip Code: 85122
Zip4: 2307
Country: US
County Code: Pinal
Subdivision: McMURRAY SUBDIVISION
Assessor Number: 504-19-058
Tax Year: 2025
Assessor's Map #: 19
Legal Description (Abbrev): MCMURRAY SUBD: E-100' OF LOT 8 IN BLK B
Assessor's Parcel #: 58
Add'l Parcels: No
Tax Municipality: Casa Grande
Census Tract: 1500
Taxes: 1708
Legal: MCMURRAY SUBD: E-100' OF LOT 8 IN BLK B
Marketing Name: French & McMurray 6-Plex

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: 100 x 140
Year Built: 1963
Uncvrd Parking Spcs: 2
Total # of Units: 6
# of Buildings: 3
Zoning: Residential
Elementary School District: Casa Grande Elementary District
High School District: Casa Grande Union High School District
Elementary School: Saguaro Elementary School
Jr. High School: Casa Grande Middle School
High School: Casa Grande Union High School

Remarks Misc

Cross Street: French St. & McMurray Blvd
Directions: From the I-10 Freeway, south on Pinal Ave., west on McMurray Blvd. Property is located on the northwest corner of French St. & McMurray Blvd.

Legal Info

Township: 06S
Range: 06E
Section: 19
Block: B
Lot Number: 8

Efficiency Units

# Efficiency Units: Yes
Avg Rent: 850
Avg SqFt: 324
# Baths: Yes

More Information

1 Bedroom Units

Avg Rent: 900
Avg SqFt: 715
# Baths: Yes

2 Bedroom Units

# 2 Bedroom Units: 5
Avg Rent: 995
Avg SqFt: 715
# Baths: Yes

Structure

Bedrooms Total: 11
Bathrooms Total: 6

Income Expenses

Gross Annual Sch Inc: 68460
Net Operating Income: 50496

Showing Notification Methods

Showing Service: Aligned Showings

Project Type

5 - 12 Units: Yes

3 Bedrooms Units

Avg Rent: 0

4 Bedrooms Units

Avg Rent: 0

Construction

Block: Yes

Const - Finish

Painted: Yes

Roofing

Composition: Yes

Floors

Tile: Yes

Sale Includes

Land & Building: Yes

Income & Expenses

Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 1708
Other Income: 0
Vacancy Allowance: 0.1
Adjusted Gross Inc: 61614

Pmt & Rate Info

Cap Rate: 7.43
Equity: 680000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0

Lockbox Type

None: Yes

Community Features

No Pool: Yes

Heating

Other: Yes

Cooling

Evaporative Cooling: Yes
Window/Wall Unit: Yes

Exterior Amenities

Fenced: Yes

Interior Features

Unfurnished: Yes

Tenant Pays

Water: Yes
Electricity: Yes

Appliances Included

Other: Yes

Road Surface Type

Concrete: Yes

Source of Fincl Data

Tax Return: Yes

Water Source

Private: Yes

Sewer

Sewer - Public: Yes

Parking Features

On Street: Yes

Electric

APS: Yes

Gas

SW Gas: Yes

Owner Pays

None: Yes

New Financing

Cash: Yes
VA: Yes
Conventional: Yes

Existing 1st Loan

Treat as Free&Clear: Yes

Reports/Disclosures

Seller Prop Disc Stm: Yes

Environmental

None: Yes

Property Features

Project Type: 5 - 12 Units Construction: Block Const - Finish: Painted Roofing: Composition Floors: Tile Sale Includes: Land & Building Community Features: No Pool Exterior Amenities: Fenced Interior Features: Unfurnished Appliances Included: Other Heating: Other Cooling: Window/Wall Unit; Evaporative Cooling Water Source: Private Sewer: Sewer - Public Electric: APS Gas: SW Gas Parking Features: On Street Road Surface Type: Concrete Owner Pays: None Tenant Pays: Water; Electricity Source of Fincl Data: Tax Return Lockbox Type: None Existing 1st Loan: Treat as Free&Clear New Financing: Cash; VA; Conventional Environmental: None

Listing Office: SERHANT.

Last Updated: September - 09 - 2026