616 E 2ND Street, Casa Grande, AZ 85122

$85,000
Property Type: Multiple Dwellings Status: Closed
Current Price: $85,000 Last Modified: 5/19/2026

Overview

Description

Fell out of Escrow and Drastically Reduced! Seller wants it sold. Bring all offers. An amazing investment opportunity. This building has recently been completely painted, front landscaping, and decorative fence around the front. In the heart of Casa Grande, close to shopping, dining, or relax at the park. Units feature interior laundry rooms with washer and dryer hook up. 2 bedrooms, bathroom, living room and eat in kitchen. Building would be perfect for employee housing.

Listing Details MLS# 5310731

Location, Tax & Legal

Map Code/Grid
X41
House Number
616
Compass
E
Street Name
2ND
St Suffix
Street
City/Town Code
Casa Grande
State/Province
AZ
Zip Code
85122
Zip4
4505
Country
US
County Code
Pinal
Subdivision
MYERS ADDITION 4
Assessor Number
507-06-031
Tax Year
2014
Assessor's Map #
6
Legal Description (Abbrev)
MYERS 1ST ADD CASA GRANDE LOT 12 BLK 4 X
Assessor's Parcel #
31
Add'l Parcels
No
Tax Municipality
Casa Grande
Census Tract
1406
Taxes
744
Legal
MYERS 1ST ADD CASA GRANDE LOT 12 BLK 4 X
Marketing Name
Investment Opportunity

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
120X50
Year Built
1964
Uncvrd Parking Spcs
6
Total # of Units
3
# of Buildings
Yes
Zoning
RR
Elementary School District
Casa Grande Elementary District
High School District
Casa Grande Union High School District

Remarks Misc

Cross Street
Florence Blvd & E. Cameron
Directions
Head south on East Cameron about 5 blocks. At 2nd St, make a right. Building is on Corner of E. 2nd and Cameron.

Status Change Info

Off Market Date
2016-03-04
Under Contract Date
2016-02-19
Close of Escrow Date
2016-03-03

Legal Info

Township
06S
Range
06E
Section
29
Block
4
Lot Number
12

More Information

Income Expenses

Gross Annual Sch Inc
6005
Net Operating Income
6005

2 Bedroom Units

# 2 Bedroom Units
3
Avg Rent
425
Avg SqFt
716
# Baths
Yes

Sold Info

Loan Type
Cash
Payment Type
Fixed
Closing Cost Split
Normal - N
Buyer Concession $/%
$
Seller Concession $/%
$
Buyer Concession to Seller
0
Seller Concession to Buyer
0

Project Type

Tri-Plex
Yes

Construction

Block
Yes

Const - Finish

Painted
Yes

Roofing

Composition
Yes

Floors

Vinyl
Yes
Ceramic Tile
Yes

Sale Includes

Land & Building
Yes

Income & Expenses

Annual Elec Exp
0
Annual Gas Exp
0
Annual Ins Exp
827
Annual Land Lse Exp
0
Annual Landscape Exp
0
Annual Legal & Acctg
0
Annual Maint Exp
950
Annual Mgmt Exp
1296
Annual Trash Exp
926
Annual Wtr/Swr Exp
926
Owner Association
No
Annual Ownr Asoc Fee
0
Annual PAD Fee
0
Annual Rplcmnt Rsrvs
0
Annual Other Expense
0
Operating Exp
5669
Other Income
0
Vacancy Allowance
0.05
Adjusted Gross Inc
5704.75
Total Monthly Rental Income
1350

Pmt & Rate Info

Cap Rate
6.07
Down Payment
0
Equity
99000
Down Payment %
0
Monthly Payments
0
Total Owed
0
Assessment Balance
0

Community Features

No Pool
Yes

Heating

Wall Furnace
Yes
Natural Gas
Yes

Cooling

Evaporative Cooling
Yes
Central Air
Yes

Exterior Amenities

Desert Landscaping
Yes
Fenced
Yes
Cable TV Available
Yes
Patio/Balcony
Yes

Tenant Pays

Gas
Yes
Water
Yes
Electricity
Yes

Appliances Included

Refrigerator
Yes
Free-Standing Range
Yes
W/D Hookup
Yes

Road Surface Type

Asphalt
Yes

Source of Fincl Data

Owner
Yes

Water Source

Private
Yes
Individual Meter
Yes

Sewer

Sewer - Public
Yes
Sewer-In & Connected
Yes

Parking Features

On Street
Yes

Electric

APS
Yes
Individual Meter
Yes

Gas

SW Gas
Yes

Owner Pays

Sewer
Yes
Trash Collection
Yes

New Financing

Conventional
Yes
Owner May Carry
Yes
1031 Exchange
Yes

Existing 1st Loan

Treat as Free&Clear
Yes

Existing 1st Loan Type

Not Applicable
Yes

Existing 1st Loan Terms

Not Applicable
Yes

Existing 2nd Loan

Treat as Free&Clear
Yes

Existing 2nd Loan Type

Not Applicable
Yes

Existing 2nd Loan Terms

Not Applicable
Yes

Existing 3rd Loan

Treat as Free&Clear
Yes

Existing 3rd Loan Type

Not Applicable
Yes

Reports/Disclosures

Seller Prop Disc Stm
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

3 Bedrooms Units

Avg Rent
0

4 Bedrooms Units

Avg Rent
0

Property Features

Project Type: Tri-Plex Construction: Block Const - Finish: Painted Roofing: Composition Floors: Vinyl; Ceramic Tile Sale Includes: Land & Building Community Features: No Pool Exterior Amenities: Desert Landscaping; Fenced; Cable TV Available; Patio/Balcony Appliances Included: Free-Standing Range; Refrigerator; W/D Hookup Heating: Natural Gas; Wall Furnace Cooling: Evaporative Cooling; Central Air Water Source: Private; Individual Meter Sewer: Sewer - Public; Sewer-In & Connected Electric: APS; Individual Meter Gas: SW Gas Parking Features: On Street Road Surface Type: Asphalt Owner Pays: Trash Collection Tenant Pays: Water; Electricity; Gas Source of Fincl Data: Owner Existing 1st Loan: Treat as Free&Clear Existing 1st Loan Type: Not Applicable Existing 1st Loan Terms: Not Applicable Existing 2nd Loan: Treat as Free&Clear Existing 2nd Loan Type: Not Applicable Existing 2nd Loan Terms: Not Applicable Existing 3rd Loan: Treat as Free&Clear Existing 3rd Loan Type: Not Applicable Existing 3rd Loan Terms: Not Applicable Existing Othr Ln Trm: Not Applicable New Financing: Conventional; Owner May Carry; 1031 Exchange Environmental: None
IDX
Listing Office: Keller Williams Realty Sonoran Living
Last Updated: May - 19 - 2026
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