4215 N GRANADA Drive, Eloy, AZ 85131

$825,000
Property Type: Multiple Dwellings Status: Closed
Current Price: $825,000 Last Modified: 6/15/2026

Overview

Description

$71K a Door 8.2 Cap 13 Unit with Nice Unit Mix of 4-2 Bedrooms and 9-1 Bedrooms. Solid Slump Block Classic Spanish Construction. All Units Sprinklered, Security Doors, Tubs, Lots of Parking. Property is Fenced with Gathering Area, Ramada with BBQ. Eloy is Experiencing Good Growth in the manufacturing and Industrials sectors such as Lucid Motors, Townley Manufacturing, Republic Plastics and Otto Industries. All Facts and Figures are approximate, Buyer to verify to their own satisfaction.

Listing Details MLS# 6748775

Location, Tax & Legal

House Number
4215
Compass
N
Street Name
GRANADA
St Suffix
Drive
City/Town Code
Eloy
State/Province
AZ
Zip Code
85131
Zip4
1309
Country
US
County Code
Pinal
Subdivision
TOLTEC/ARIZONA VALLEY UNIT TWO
Assessor Number
403-06-150-A
Tax Year
2023
Assessor's Map #
6
Legal Description (Abbrev)
LOT 3 BLOCK H TOLTEC/ARIZONA VALLEY UNIT TWO
Assessor's Parcel #
150
Assessor Parcel Ltr
A
Add'l Parcels
No
Tax Municipality
Eloy
Census Tract
2001
Taxes
2864
Legal
LOT 3 BLOCK H TOLTEC/ARIZONA VALLEY UNIT TWO
Marketing Name
13 on Granada

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
200x150
Year Built
1973
Uncvrd Parking Spcs
20
Total # of Units
13
# of Buildings
3
Zoning
GR
High School District
Casa Grande Union High School District

Remarks Misc

Cross Street
I-10 and Toltec Rd
Directions
From Phoenix, South on I-10 just south of Casa Grande Exits to Toltec Rd Exit 203, Left off ramp over I-10 to Giles. Left to Granada Dr. Right to Property.

Status Change Info

Off Market Date
2025-07-24
Under Contract Date
2025-06-23
Close of Escrow Date
2025-07-23

Legal Info

Township
07S
Range
07E
Section
21
Block
H
Lot Number
3

More Information

Income Expenses

Gross Annual Sch Inc
136530
Net Operating Income
75950

Showing Notification Methods

Showing Service
Aligned Showings
Email
Yes
Phone Call
Yes

1 Bedroom Units

# 1 Bedroom Units
9
Avg Rent
819
Avg SqFt
500
# Baths
Yes

2 Bedroom Units

# 2 Bedroom Units
4
Avg Rent
1000
Avg SqFt
600
# Baths
Yes

Sold Info

Loan Type
Carryback
Loan Years
Yes
Payment Type
Balloon
Closing Cost Split
Normal - N
Buyer Concession $/%
$
Seller Concession $/%
$
Buyer Concession to Seller
0
Seller Concession to Buyer
0

Project Type

13 - 24 Units
Yes

Construction

Slump Block
Yes

Const - Finish

Painted
Yes

Roofing

Composition
Yes

Floors

Concrete
Yes
Ceramic Tile
Yes
Carpet
Yes

Sale Includes

Land & Building
Yes

Income & Expenses

Annual Elec Exp
6484
Annual Gas Exp
4634
Annual Ins Exp
6000
Annual Landscape Exp
600
Annual Maint Exp
5011
Annual Mgmt Exp
6312
Annual Trash Exp
864
Annual Wtr/Swr Exp
14190
Owner Association
No
Annual Ownr Asoc Fee
0
Annual Other Expense
1200
Operating Exp
48159
Other Income
0
Vacancy Allowance
0.07
Adjusted Gross Inc
126972.9

Pmt & Rate Info

Cap Rate
8.21
Equity
925000
Down Payment %
0
Monthly Payments
0
Total Owed
0

Lockbox Type

None
Yes

Community Features

Other
Yes

Heating

Heat Pump
Yes
Electric
Yes

Cooling

Electric
Yes
Heat Pump
Yes

Exterior Amenities

Fenced
Yes

Interior Features

Fire Sprinklers
Yes

Tenant Pays

Electricity
Yes
Other (See Remarks)
Yes

Appliances Included

Refrigerator
Yes
Free-Standing Range
Yes

Road Surface Type

Asphalt
Yes

Source of Fincl Data

Owner
Yes
Projected Proforma
Yes
Other (See Remarks)
Yes

Water Source

Master Meter
Yes

Sewer

Sewer - Public
Yes
Sewer-In & Connected
Yes

Parking Features

>1 Space Per Unit
Yes

Electric

APS
Yes
Individual Meter
Yes
Other (See Remarks)
Yes

Gas

SW Gas
Yes
Master Meter
Yes

Owner Pays

Water
Yes
Sewer
Yes
Gas
Yes
Trash Collection
Yes
Other
Yes

New Financing

Cash
Yes
Conventional
Yes
1031 Exchange
Yes

Existing 1st Loan

Other (See Rmks)
Yes

Existing 1st Loan Type

Not Applicable
Yes

Existing 1st Loan Terms

Not Applicable
Yes

Existing 2nd Loan

Other (See Remarks)
Yes

Existing 2nd Loan Type

Not Applicable
Yes

Existing 2nd Loan Terms

Not Applicable
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

3 Bedrooms Units

Avg Rent
0

4 Bedrooms Units

Avg Rent
0

Property Features

Project Type: 13 - 24 Units Construction: Slump Block Const - Finish: Painted Roofing: Composition Floors: Concrete; Ceramic Tile; Carpet Sale Includes: Land & Building Community Features: Other Exterior Amenities: Fenced Interior Features: Fire Sprinklers Appliances Included: Free-Standing Range; Refrigerator Heating: Heat Pump Cooling: Electric; Heat Pump Water Source: Master Meter Sewer: Sewer - Public; Sewer-In & Connected Electric: APS; Individual Meter; Other (See Remarks) Gas: SW Gas; Master Meter Parking Features: >1 Space Per Unit Road Surface Type: Asphalt Owner Pays: Water; Gas; Trash Collection; Other Tenant Pays: Electricity; Other (See Remarks) Source of Fincl Data: Owner; Projected Proforma; Other (See Remarks) Showing Notification Methods: Email; Phone Call Lockbox Type: None Existing 1st Loan: Other (See Rmks) Existing 1st Loan Type: Not Applicable Existing 1st Loan Terms: Not Applicable Existing 2nd Loan: Other (See Remarks) Existing 2nd Loan Type: Not Applicable Existing 2nd Loan Terms: Not Applicable 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; Conventional; 1031 Exchange Environmental: None
IDX
Listing Office: Better Homes & Gardens Real Estate SJ Fowler
Last Updated: June - 15 - 2026
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