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
- County Code
- Graham
- Subdivision
- 2 parcels totaling 5.17 acres
- Assessor Number
- 104-40-020
- Tax Year
- 2015
- Assessor's Map #
- 40
- Assessor's Parcel #
- 20
- Add'l Parcels
- Yes
- Tax Municipality
- Thatcher
- Taxes
- 0
- Legal
- THAT PT OF NE4 NW4 NE4 SE4 14 T7S R25E LYNG N OF N R/W LINE OF THE OLD GOLF COURSE ROAD and N 451.05' OF NE4 NW4 NE4
- Marketing Name
- 8th Street Apartments
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
Income Expenses
- Gross Annual Sch Inc
- 818328
- Net Operating Income
- 509077
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
Sold Info
- Loan Type
- Conventional
- Loan Years
- 15
- Payment Type
- Fixed
- Closing Cost Split
- Normal - N
- Buyer Concession $/%
- $
- Seller Concession $/%
- $
- Buyer Concession to Seller
- 0
- Seller Concession to Buyer
- 0
Project Type
- 51 - 99 Units
- Yes
- Other (See Remarks)
- Yes
Other Type
- House + Rental Units
- Yes
- Packaged Offering
- Yes
- Other (See Remarks)
- Yes
Construction
- Block
- Yes
- Wood Frame
- Yes
Const - Finish
- Painted
- Yes
- Stucco
- Yes
Roofing
- Other
- Yes
Floors
- Other
- Yes
Sale Includes
- Building(s) Only
- Yes
- Land & Building
- Yes
- Pool Equipment
- Yes
- Laundry Equipment
- Yes
- Other (See Remarks)
- Yes
Income & Expenses
- Annual Elec Exp
- 0
- Annual Gas Exp
- 0
- Annual Ins Exp
- 0
- Annual Land Lse Exp
- 0
- Annual Landscape Exp
- 0
- Annual Legal & Acctg
- 0
- Annual Maint Exp
- 0
- Annual Mgmt Exp
- 0
- Annual Trash Exp
- 0
- Annual Wtr/Swr Exp
- 0
- Owner Association
- No
- Annual Ownr Asoc Fee
- 0
- Annual PAD Fee
- 0
- Annual Rplcmnt Rsrvs
- 0
- Annual Other Expense
- 0
- Operating Exp
- 0
- Other Income
- 0
- Vacancy Allowance
- 0.05
- Adjusted Gross Inc
- 777411.6
Pmt & Rate Info
- Cap Rate
- 10.61
- Down Payment
- 0
- Equity
- 3500000
- 1st Encumbrance
- 1300000
- Down Payment %
- 0
- Monthly Payments
- 0
- Total Owed
- 1300000
- Assessment Balance
- 0
Community Features
- Heated Pool(s)
- Yes
- Heated Spa(s)
- Yes
- Sauna
- Yes
- Manager Res/Office
- Yes
- General Store
- Yes
- Community Showers
- Yes
- Clubhouse
- Yes
- Exercise Room
- Yes
- Play Area
- Yes
- Sport Court
- Yes
- Barbecue
- Yes
- Other
- Yes
- See Remarks
- Yes
Heating
- Electric
- Yes
- Central
- Yes
Cooling
- Electric
- Yes
Exterior Amenities
- Landscape Water System
- Yes
- Desert Landscaping
- Yes
- Partially Fenced
- Yes
- Cable TV Available
- Yes
- Patio/Balcony
- Yes
Interior Features
- Unfurnished
- Yes
- Partially Furnished
- Yes
- Fire/Smoke Alarm(s)
- Yes
Tenant Pays
- Other (See Remarks)
- Yes
Appliances Included
- Refrigerator
- Yes
- Built-In Range
- Yes
Road Surface Type
- Asphalt
- Yes
Source of Fincl Data
- Owner
- Yes
- Projected Proforma
- Yes
- Books Shwn Accpt Ofr
- Yes
- Other (See Remarks)
- Yes
Water Source
- Other
- Yes
- See Remarks
- Yes
Sewer
- Sewer - Public
- Yes
Parking Features
- Carport
- Yes
- <1 Space Per Unit
- Yes
- Paved
- Yes
- Add'l Parking Avail
- Yes
- Assigned
- Yes
Electric
- Other (See Remarks)
- Yes
Gas
- None
- Yes
Owner Pays
- Water
- Yes
- Sewer
- Yes
New Financing
- Conventional
- Yes
- Other (See Remarks)
- Yes
Existing 1st Loan
- Conventional
- Yes
Existing 1st Loan Type
- Fixed
- Yes
Existing 1st Loan Terms
- Assume - Qualify
- Yes
- No Prepay Penalty
- Yes
- Not Applicable
- Yes
Existing 2nd Loan
- Other (See Remarks)
- Yes
Existing 2nd Loan Type
- Fixed
- Yes
Existing 2nd Loan Terms
- Non Assumable
- Yes
Existing 3rd Loan
- Other (See Remarks)
- Yes
Existing 3rd Loan Type
- Not Applicable
- Yes
Reports/Disclosures
- Appraisal
- Yes
Existing 3rd Loan Terms
- Non Assumable
- Yes
Environmental
- None
- Yes
Existing Othr Ln Trm
- Not Applicable
- Yes
4 Bedrooms Units
- Avg Rent
- 0
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
Property Flyer › Listing Office: HomeSmart
Last Updated: December - 17 - 2025
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