4220 N Granada Drive, Eloy, AZ 85131 (MLS# 6988556)

4220 N Granada Drive, Eloy, AZ 85131

$925,000

Property Type: Multiple Dwellings Bedrooms: 16 Baths: 12 Status: Active

Current Price: $925,000 Last Modified: 10/14/2026

Overview

Description

*Residential Financing Opportunity* for 12 Units- 3 separate Parcels With Diverse Easy to Lease Unit Mix Of 4-2 Bedrooms 4- 1 Bedrooms and 4- Studio Apartments. Solid Block Construction With Well Maintained Roof and AC Units, Units Have Tile In Kitchen, Living and Full Baths With Tubs. All Units Have Private Back Doors, Lots Of Parking, Lighting and Coin Laundry On Site For Extra Income. Lots of Room On Rents, Market are $875+ for 2 Bedrooms $700+ for 1 Bedrooms and $550+ for Studios, Eloy is a growing manufacturing Hub with demand for housing. This is an opportunity to get in before the market climbs. All Facts and Figures Approximate, Buyer To Verify To Their Own Satisfaction

Listing Details MLS# 6988556

Location, Tax & Legal

House Number: 4220
Compass: N
Street Name: Granada
St Suffix: Drive
City/Town Code: Eloy
State/Province: AZ
Zip Code: 85131
Country: US
County Code: Pinal
Assessor Number: 403-06-144
Tax Year: 2025

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: 163 X 276
Year Built: 1964
Uncvrd Parking Spcs: 24
Total # of Units: 12
# of Buildings: 3
Zoning: Unkonwn

Remarks Misc

Cross Street: I-10 and Toltec Rd
Directions: East on Toltec Rd, North on Giles St., East on Granada. Property is on the West Side

Legal Info

Lot Number: 9,10,11

Efficiency Units

# Efficiency Units: 4
Avg Rent: 558
Avg SqFt: 400
# Baths: Yes

More Information

1 Bedroom Units

# 1 Bedroom Units: 4
Avg Rent: 572
Avg SqFt: 550
# Baths: Yes

2 Bedroom Units

# 2 Bedroom Units: 4
Avg Rent: 658
Avg SqFt: 775
# Baths: Yes

Structure

Bedrooms Total: 16
Bathrooms Total: 12

Income Expenses

Gross Annual Sch Inc: 87600
Net Operating Income: 62201

Showing Notification Methods

Showing Service: Aligned Showings

Property Features

Project Type: 5 - 12 Units Construction: Block Const - Finish: Painted Roofing: Composition Floors: Tile; Carpet Sale Includes: Land & Building Community Features: See Remarks Exterior Amenities: Other (See Remarks) Interior Features: Other (See Remarks) Appliances Included: Free-Standing Electric Oven; Refrigerator; Washer/Dryer; See Remarks Heating: Individual Cooling: Heat Pump; Individual Water Source: City Franchise Sewer: Sewer - Public Electric: APS; Individual Meter Gas: SW Gas; Individual Meter Parking Features: >1 Space Per Unit Road Access Type: City Street Road Surface Type: Asphalt Owner Pays: Water; Trash Collection; Landscaping; See Remarks Tenant Pays: Electricity; Gas Source of Fincl Data: Owner; Projected Proforma; Other (See Remarks) Lockbox Type: See Private Remarks New Financing: Cash; Conventional; 1031 Exchange Environmental: None

Listing Office: Levrose Real Estate

Office Phone: 480-947-0600

Office Email: jrosenberg@levrose.com

Last Updated: October - 14 - 2026