4220 N Granada Drive, Eloy, AZ 85131
$1,050,000
Property Type:
Multiple Dwellings
Status:
Active
Current Price:
$1,050,000
Last Modified:
4/22/2026
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
Current Price: $1,050,000
List Price: $1,050,000
Status: Active
List Date: 2026-02-23
Ownership: Fee Simple
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
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
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: 75412
Showing Notification Methods
Showing Service: Aligned Showings
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
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: April - 22 - 2026
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