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

4220 N Granada Drive, Eloy, AZ 85131

$1,050,000

Property Type: Multiple Dwellings Status: Active

Current Price: $1,050,000 Last Modified: 3/03/2026

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. Proforma is Using Market Rents, $875+ for 2 Bedrooms $700+ for 1 Bedrooms and $550+ for Studios, Lots of Room On Rents That Are All Month To Month, Actual Rents and T12 Below and Documents Tab. 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.

More Information MLS# 6988556

Contract Info

Ownership: Fee Simple Current Price: $1,050,000 List Price: $1,050,000 Status: Active List Date: 2026-02-23

Location, Tax & Legal

Assessor's Map #: 6 Assessor's Parcel #: 144 Add'l Parcels: Yes Tax Municipality: Eloy Taxes: 2474 Legal: Lot 9,19,11 Block G Toltec Arizona Valley Marketing Name: 12 In Eloy House Number: 4220 Compass: N Street Name: Granada St Suffix: Drive City/Town Code: Eloy State/Province: AZ Zip Code: 85131 County Code: Pinal Assessor Number: 403-06-144 Tax Year: 2025

General Property Description

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

Project Type

5 - 12 Units: 1

Construction

Block: 1

Const - Finish

Painted: 1

Roofing

Composition: 1

Floors

Tile: 1 Carpet: 1

Sale Includes

Land & Building: 1

Income & Expenses

Annual Elec Exp: 3369 Annual Gas Exp: 0 Annual Ins Exp: 4215 Annual Land Lse Exp: 0 Annual Landscape Exp: 600 Annual Legal & Acctg: 0 Annual Maint Exp: 6000 Annual Mgmt Exp: 8264 Annual Trash Exp: 2016 Annual Wtr/Swr Exp: 5686 Owner Association: No Annual Ownr Asoc Fee: 0 Annual Other Expense: 1593 Operating Exp: 34217 Other Income: 2500 Vacancy Allowance: 0.05 Adjusted Gross Inc: 99275

Pmt & Rate Info

Cap Rate: 6.2 Equity: 1050000 Down Payment %: 0 Monthly Payments: 0 Total Owed: 0

Showing Notification Methods

Showing Service: Aligned Showings

Lockbox Type

See Private Remarks: 1

Community Features

See Remarks: 1

Heating

Individual: 1

Cooling

Heat Pump: 1 Individual: 1

Exterior Amenities

Other (See Remarks): 1

Interior Features

Other (See Remarks): 1

Tenant Pays

Gas: 1 Electricity: 1

Appliances Included

Free-Standing Electric Oven: 1 Refrigerator: 1 Washer/Dryer: 1 See Remarks: 1

Road Access Type

City Street: 1

Road Surface Type

Asphalt: 1

Source of Fincl Data

Owner: 1 Projected Proforma: 1 Other (See Remarks): 1

Water Source

City Franchise: 1

Sewer

Sewer - Public: 1

Parking Features

>1 Space Per Unit: 1

Electric

APS: 1 Individual Meter: 1

Gas

SW Gas: 1 Individual Meter: 1

Owner Pays

Water: 1 Sewer: 1 Trash Collection: 1 Landscaping: 1 See Remarks: 1

New Financing

Cash: 1 Conventional: 1 1031 Exchange: 1

Reports/Disclosures

None: 1

Environmental

None: 1

Efficiency Units

# Efficiency Units: 4 Avg Rent: 550 Avg SqFt: 400 # Baths: 1

1 Bedroom Units

# 1 Bedroom Units: 4 Avg Rent: 700 Avg SqFt: 550 # Baths: 1

2 Bedroom Units

# 2 Bedroom Units: 4 Avg Rent: 850 Avg SqFt: 775 # Baths: 1

3 Bedrooms Units

Avg Rent: 0

4 Bedrooms Units

Avg Rent: 0

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 Geo Lat: 32.795039 Geo Lon: -111.62107

Legal Info

Lot Number: 9,10,11

Income Expenses

Gross Annual Sch Inc: 102000 Net Operating Income: 65058

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: Better Homes & Gardens Real Estate SJ Fowler

Last Updated: March - 03 - 2026