3940 N KIOHA Drive, Eloy, AZ 85131 (MLS# 7041327)

3940 N KIOHA Drive, Eloy, AZ 85131

$650,000

Property Type: Multiple Dwellings Status: Active

Current Price: $650,000 Last Modified: 7/14/2026

Overview

Description

Excellent investment opportunity! This fully occupied, well-maintained fourplex in the rapidly growing Eloy and Casa Grande area offers immediate cash flow with tenants already in place. The property features a diverse unit mix: two 3-bed/2-bath units (950 sq. ft.) and two 2-bed/1-bath units (800 sq. ft.). Three of the four units have been beautifully upgraded with fresh paint, modern fixtures, and new carpet. Built for longevity and low maintenance, the exterior boasts a durable tile roof, convenient covered parking for residents, and a fully brick-fenced perimeter for added privacy. Perfectly positioned for long-term appreciation, this property is close to major economic drivers, including a soon-to-be-built data center that ensures continued high rental demand.

Listing Details MLS# 7041327

Location, Tax & Legal

House Number: 3940
Compass: N
Street Name: KIOHA
St Suffix: Drive
City/Town Code: Eloy
State/Province: AZ
Zip Code: 85131
Zip4: 1214
Country: US
County Code: Pinal
Subdivision: AMD TOLTEC/ARIZONA VALLEY UNIT THREE
Assessor Number: 404-07-032
Tax Year: 2025
Assessor's Map #: 7
Legal Description (Abbrev): LOT 22 BLOCK G AMD TOLTEC/ARIZONA VALLEY UNIT THREE
Assessor's Parcel #: 32
Add'l Parcels: No
Tax Municipality: Eloy
Census Tract: 2001
Taxes: 2583
Legal: LOT 22 BLOCK G AMD TOLTEC/ARIZONA VALLEY UNIT THREE
Marketing Name: unknown

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: 100X163.57
Year Built: 2005
Uncvrd Parking Spcs: 4
Total # of Units: 4
# of Buildings: Yes
Zoning: CR-4
Flood Zone: No
Elementary School District: Toltec School District
High School District: Casa Grande Union High School District
Elementary School: Toltec Elementary School
Jr. High School: Toltec Elementary School
High School: Casa Grande Union High School

Remarks Misc

Cross Street: Estrella & Shedd
Directions: East on Shedd to Kioha, North to property

Legal Info

Township: 07S
Range: 07E
Section: 26
Block: G
Lot Number: 22

Showing Notification Methods

Showing Service: Aligned Showings

More Information

1 Bedroom Units

Avg Rent: 900

2 Bedroom Units

# 2 Bedroom Units: 2
Avg Rent: 900
Avg SqFt: 800
# Baths: Yes

3 Bedrooms Units

# 3 Bedroom Units: 2
Avg Rent: 1400
Avg SqFt: 950
# Baths: 2

Project Type

Four Plex: Yes

Construction

Wood Frame: Yes

Const - Finish

Painted: Yes
Stucco: Yes

Roofing

Tile: Yes

Floors

Tile: Yes
Carpet: Yes

Sale Includes

Land & Building: Yes

Income & Expenses

Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 2583
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 0

Pmt & Rate Info

Equity: 677000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0

Lockbox Type

Supra: Yes

Community Features

No Pool: Yes

Heating

Electric: Yes

Cooling

Ceiling Fan(s): Yes
Central Air: Yes

Tenant Pays

Water: Yes
Sewer: Yes
Electricity: Yes
Trash Collection: Yes
Landscaping: Yes

Appliances Included

Dishwasher: Yes
Microwave: Yes
Refrigerator: Yes
Washer/Dryer: Yes

Road Surface Type

Asphalt: Yes
Dirt: Yes
Gravel: Yes

Source of Fincl Data

Other (See Remarks): Yes

Water Source

City Franchise: Yes
Individual Meter: Yes

Sewer

Sewer-In & Connected: Yes
Septic Tank: Yes

Parking Features

Free: Yes
>1 Space Per Unit: Yes
Paved: Yes
Attached Carport: Yes

Electric

APS: Yes

Gas

None: Yes

Owner Pays

None: Yes

New Financing

Cash: Yes
Conventional: Yes

Reports/Disclosures

Seller Prop Disc Stm: Yes

Environmental

None: Yes

Efficiency Units

Avg Rent: 0

4 Bedrooms Units

Avg Rent: 0

Property Features

Project Type: Four Plex Construction: Wood Frame Const - Finish: Painted; Stucco Roofing: Tile Floors: Tile; Carpet Sale Includes: Land & Building Community Features: No Pool Appliances Included: Refrigerator; Dishwasher; Microwave; Washer/Dryer Cooling: Ceiling Fan(s); Central Air Water Source: City Franchise; Individual Meter Sewer: Sewer-In & Connected; Septic Tank Electric: APS Gas: None Parking Features: >1 Space Per Unit; Free; Paved; Attached Carport Road Surface Type: Gravel; Dirt; Asphalt Owner Pays: None Tenant Pays: Water; Sewer; Electricity; Trash Collection; Landscaping Source of Fincl Data: Other (See Remarks) Lockbox Type: Supra New Financing: Cash; Conventional Environmental: None

Documents

SEPTIC ADDENDUM ›

Claims History Report ›

Claims History Report 2 ›

Listing Office: Real Broker

Last Updated: July - 14 - 2026