3333 W 8TH Street, Thatcher, AZ 85552 (MLS# 5525663)

3333 W 8TH Street, Thatcher, AZ 85552

$4,582,890
Property Type: Multiple Dwellings Status: Closed
Current Price: $4,582,890 Last Modified: 12/17/2025

Overview

Description

8th Street Apartments & Fitness Club. Historic 10+% CAP Rate. 11 buildings, 5.17 acres. 93 income units: 88 residential,fitness club,3 office & laundry. Option (see documents) to purchase 75 Apts Laundry for $4.0 million (Divide residential & commercial). Fitness Club built 1981 & newer constructed Apts added since 2003 (average age 5 years). Additional 5,250sf expansion to Fitness Club + 3 commercial offices completed 2016. Club open to public Includes:heated indoor pool, spa, sauna, racketball, gym etc. Steady cash flow & history 95% occupancy. Zoned C-M commercial, residential, retail. Additional $ growth opportunity: 1/2 acre shovel ready land for new construction of 10-12 2BR Apts (in place-power, water, sewer). On site managers will stay. Prospectus + financials to qualified Buyer

Listing Details MLS# 5525663

Location, Tax & Legal

Map Code/Grid
C74
House Number
3333
Compass
W
Street Name
8TH
St Suffix
Street
City/Town Code
Thatcher
State/Province
AZ
Zip Code
85552
Country
US
County Code
Graham
Subdivision
2 parcels totaling 5.17 acres
Assessor Number
104-40-020
Tax Year
2015

Contract Info

Ownership
Other (See Remarks)

General Property Description

Lot Size Dimensions
5.17 acres
Year Built
1981
Uncvrd Parking Spcs
100
Total # of Units
93
# of Buildings
11
Zoning
C-M

Remarks Misc

Cross Street
: Route 70 and Reay Lane in Thatcher, Arizona
Directions
Proceed south on Reay Lane, turn left (east) on West 8th Street to property. Located 160 miles East of Phoenix on Route 70 in Thatcher near Safford in high sonoran desert & Mount Graham, Graham County

Status Change Info

Off Market Date
2017-11-10
Under Contract Date
2017-07-19
Close of Escrow Date
2017-11-09

Legal Info

Lot Number
104-40-020 & 38

More Information

Efficiency Units

# Efficiency Units
31
Avg Rent
500
# Baths
Yes

1 Bedroom Units

# 1 Bedroom Units
23
Avg Rent
700
# Baths
Yes

2 Bedroom Units

# 2 Bedroom Units
33
Avg Rent
775
# Baths
Yes

3 Bedrooms Units

# 3 Bedroom Units
Yes
Avg Rent
1100
# Baths
Yes

Income Expenses

Gross Annual Sch Inc
818328
Net Operating Income
509077

Sold Info

Loan Type
Conventional
Loan Years
15
Payment Type
Fixed
Closing Cost Split
Normal - N
Buyer Concession $/%
$
Seller Concession $/%
$

Property Features

Project Type: 51 - 99 Units; Other (See Remarks) Other Type: House + Rental Units; Packaged Offering; Other (See Remarks) Construction: Block; Wood Frame Const - Finish: Painted; Stucco Roofing: Other Floors: Other Sale Includes: Building(s) Only; Land & Building; Pool Equipment; Laundry Equipment; Other (See Remarks) Community Features: Heated Pool(s); Heated Spa(s); Sauna; Manager Res/Office; General Store; Community Showers; Clubhouse; Exercise Room; Play Area; Sport Court; Barbecue; Other; See Remarks Exterior Amenities: Landscape Water System; Desert Landscaping; Partially Fenced; Cable TV Available; Patio/Balcony Interior Features: Unfurnished; Partially Furnished; Fire/Smoke Alarm(s) Appliances Included: Built-In Range; Refrigerator Heating: Central Cooling: Electric Water Source: Other; See Remarks Sewer: Sewer - Public Electric: Other (See Remarks) Gas: None Parking Features: Carport; <1 Space Per Unit; Add'l Parking Avail; Assigned; Paved Road Surface Type: Asphalt Owner Pays: Water Tenant Pays: Other (See Remarks) Source of Fincl Data: Owner; Projected Proforma; Books Shwn Accpt Ofr; Other (See Remarks) Existing 1st Loan: Conventional Existing 1st Loan Type: Fixed Existing 1st Loan Terms: Assume - Qualify; No Prepay Penalty; Not Applicable Existing 2nd Loan: Other (See Remarks) Existing 2nd Loan Type: Fixed Existing 2nd Loan Terms: Non Assumable Existing 3rd Loan: Other (See Remarks) Existing 3rd Loan Type: Not Applicable Existing 3rd Loan Terms: Non Assumable Existing Othr Ln Trm: Not Applicable New Financing: Conventional; Other (See Remarks) Environmental: None
IDX
Listing Office: HomeSmart
Last Updated: December - 17 - 2025
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