1915 N AVENIDA DE PALMAS, Casa Grande, AZ 85122

$1,400,000
Property Type: Multiple Dwellings Status: UCB (Under Contract-Backups)
Current Price: $1,400,000 Last Modified: 6/10/2026

Overview

Description

Excellent investment opportunity featuring 7 townhome units with strong rental appeal. Each unit is individually parceled and includes an attached 2-car garage, adding long-term value and tenant appeal. Units #19-27 share the same well-designed floor plan and include a den that can easily function as a third bedroom or home office (note: den does not have a closet). #29 is a 2-story 3 bedroom unit. The owner of Avenida De Palmas Townhomes is responsible for three consistent expenses: • A homeowners association (HOA) fee, which includes water service. • Trash & sewer services totaling $54.85 per month. • Annual property taxes assessed individually for each unit. All other expenses are considered miscellaneous and may vary by owner, such as property management etc.

Listing Details MLS# 6957380

Location, Tax & Legal

House Number
1915
Compass
N
Street Name
AVENIDA DE PALMAS
St Suffix
--
City/Town Code
Casa Grande
State/Province
AZ
Zip Code
85122
Zip4
1752
Country
US
County Code
Pinal
Subdivision
TIERRA PALMAS TOWNHOUSES
Assessor Number
504-45-096-0
Tax Year
2024
Assessor's Map #
45
Legal Description (Abbrev)
LOT 25 TIERRA PALMAS TOWNHOUSES CAB A SLD 44
Assessor's Parcel #
96
Assessor Parcel Ltr
No
Add'l Parcels
Yes
Tax Municipality
Casa Grande
Census Tract
1306
Taxes
5878.94
Legal
LOT 5,19,20,21,22,23,27 TIERRA PALMAS TOWNHOUSES CAB A SLD 44
Marketing Name
Tierra Palmas

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
.04
Year Built
2003
Uncvrd Parking Spcs
14
Total # of Units
7
# of Buildings
3
Zoning
Res
Flood Zone
No
Elementary School District
Casa Grande Elementary District
High School District
Casa Grande Union High School District
Elementary School
Cholla Elementary School
Jr. High School
Cactus Middle School
High School
Casa Grande Union High School

Remarks Misc

Cross Street
Kortsen and Trekell
Directions
South from Kortsen on Trekell to Avenida De Palmas Blvd west to property. The road does curve around and properties are on both sides of the street.

Legal Info

Township
06S
Range
06E
Section
17
Lot Number
25

Income Expenses

Gross Annual Sch Inc
118125
Net Operating Income
97559.06

More Information

Showing Notification Methods

Showing Service
Aligned Showings
Text
Yes
Phone Call
Yes

2 Bedroom Units

# 2 Bedroom Units
6
Avg Rent
1300
Avg SqFt
1100
# Baths
2

3 Bedrooms Units

# 3 Bedroom Units
Yes
Avg Rent
1550
Avg SqFt
1450
# Baths
2

Contact Info

List Agent Home Phn
520-560-0161

Project Type

5 - 12 Units
Yes

Other Type

House + Rental Units
Yes
Packaged Offering
Yes
Other (See Remarks)
Yes

Construction

Wood Frame
Yes

Const - Finish

Painted
Yes
Stucco
Yes

Roofing

Tile
Yes
Other
Yes

Floors

Laminate
Yes
Tile
Yes
Vinyl
Yes
Ceramic Tile
Yes
Carpet
Yes

Sale Includes

Building(s) Only
Yes
Land & Building
Yes

Income & Expenses

Annual Elec Exp
0
Annual Gas Exp
0
Annual Ins Exp
0
Annual Land Lse Exp
0
Annual Landscape Exp
0
Annual Legal & Acctg
0
Annual Maint Exp
0
Annual Mgmt Exp
0
Annual Trash Exp
4607
Annual Wtr/Swr Exp
0
Owner Association
Yes
Annual Ownr Asoc Fee
10080
Operating Exp
20565.94
Other Income
0
Vacancy Allowance
0
Adjusted Gross Inc
118125

Pmt & Rate Info

Cap Rate
6.97
Equity
1400000
Down Payment %
0
Monthly Payments
0
Total Owed
0

Lockbox Type

See Private Remarks
Yes

Community Features

See Remarks
Yes

Heating

Heat Pump
Yes
Electric
Yes
2 or More Units
Yes

Cooling

Ceiling Fan(s)
Yes
Central Air
Yes
Electric
Yes
Heat Pump
Yes

Exterior Amenities

Landscape Water System
Yes

Interior Features

Vertical Blinds
Yes
Mini Blinds
Yes

Tenant Pays

Electricity
Yes
Cable TV
Yes

Appliances Included

See Remarks
Yes

Road Access Type

Private Road
Yes

Road Surface Type

Asphalt
Yes

Source of Fincl Data

Accountant
Yes

Road Responsibility

City Maintained Road
Yes
Private Maintained Road
Yes

Water Source

Private
Yes

Sewer

Sewer - Public
Yes

Parking Features

Garage
Yes

Electric

Individual Meter
Yes

Gas

SW Gas
Yes

Owner Pays

Trash Collection
Yes

New Financing

Cash
Yes
VA
Yes
Conventional
Yes

Existing 1st Loan

FHA
Yes
Conventional
Yes
Private
Yes

Existing 1st Loan Terms

Not Applicable
Yes

Existing 2nd Loan

Other (See Remarks)
Yes

Existing 3rd Loan

Other (See Remarks)
Yes

Existing 3rd Loan Type

Not Applicable
Yes

Reports/Disclosures

None
Yes

Existing 3rd Loan Terms

Not Applicable
Yes

Environmental

None
Yes

Existing Othr Ln Trm

Not Applicable
Yes

Efficiency Units

Avg Rent
0

1 Bedroom Units

Avg Rent
0

4 Bedrooms Units

Avg Rent
0

Property Features

Project Type: 5 - 12 Units Other Type: House + Rental Units; Packaged Offering; Other (See Remarks) Construction: Wood Frame Const - Finish: Painted; Stucco Roofing: Tile; Other Floors: Laminate; Tile; Vinyl; Ceramic Tile; Carpet Sale Includes: Building(s) Only; Land & Building Community Features: See Remarks Exterior Amenities: Landscape Water System Interior Features: Vertical Blinds; Mini Blinds Appliances Included: See Remarks Heating: Heat Pump; 2 or More Units Cooling: Ceiling Fan(s); Electric; Heat Pump; Central Air Water Source: Private Sewer: Sewer - Public Electric: Individual Meter Gas: SW Gas Parking Features: Garage Road Access Type: Private Road Road Surface Type: Asphalt Road Responsibility: City Maintained Road; Private Maintained Road Owner Pays: Trash Collection Tenant Pays: Electricity; Cable TV Source of Fincl Data: Accountant Showing Notification Methods: Text; Phone Call Lockbox Type: See Private Remarks Existing 1st Loan: FHA; Conventional; Private Existing 1st Loan Terms: Not Applicable Existing 2nd Loan: Other (See Remarks) Existing 3rd Loan: Other (See Remarks) Existing 3rd Loan Type: Not Applicable Existing 3rd Loan Terms: Not Applicable Existing Othr Ln Trm: Not Applicable New Financing: Cash; VA; Conventional Environmental: None
IDX
Listing Office: Wise Choice Properties
Last Updated: June - 10 - 2026
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