404 E 4TH Street, Casa Grande, AZ 85122

$285,000

Rear private backyard access for unit 404

Bedroom 2 of 404 see mini split and ceiling fan

406 bedroom 1 with a window heating and cooling unit

Property Type: Multiple Dwellings Status: Closed

Current Price: $285,000 Last Modified: 7/01/2026

Overview

Description

Back on the market. Next Gen type of floorplan. Fantastic opportunity to own two legal units in the center of the city of Casa Grande. This two unit property has one unit with 2 bedrooms and one unit with 1 bedroom. Both units have been updated and well cared for. Add it to your portfolio or become an investor for the first time. This property shows very well. Bright and open floorplans and clean and rent ready units. Both units have their own gas and electric meters. There is a large storage building in the back and each unit has their own space and yard.

Listing Details MLS# 6652877

Location, Tax & Legal

House Number: 404
Compass: E
Street Name: 4TH
St Suffix: Street
City/Town Code: Casa Grande
State/Province: AZ
Zip Code: 85122
Zip4: 5236
Country: US
County Code: Pinal
Subdivision: TOWNSITE OF CASA GRANDE
Assessor Number: 507-07-229
Tax Year: 2023
Assessor's Map #: 7
Legal Description (Abbrev): LOT 13 BLOCK 38 TOWNSITE OF CASA GRANDE CAB 1 SLD 12
Assessor's Parcel #: 229
Add'l Parcels: No
Tax Municipality: Casa Grande
Census Tract: 1406
Taxes: 538
Legal: LOT 13 BLOCK 38 TOWNSITE OF CASA GRANDE CAB 1 SLD 12
Marketing Name: TOWNSITE OF CASA GRANDE

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: 116X74
Year Built: 1934
Uncvrd Parking Spcs: 2
Total # of Units: 2
# of Buildings: 2
Zoning: R1
Flood Zone: TBD
Elementary School District: Casa Grande Elementary District
High School District: Casa Grande Union High School District

Remarks Misc

Cross Street: Florence Street and 4th Street
Directions: From Florence and 4th street, go East 4 blocks, pass Drylake St. Property will be on the left side.

Status Change Info

Off Market Date: 2024-04-19
Under Contract Date: 2024-04-19
Close of Escrow Date: 2024-05-21

Legal Info

Township: 06S
Range: 06E
Section: 29
Block: 38
Lot Number: 13

More Information

Income Expenses

Gross Annual Sch Inc: 25200
Net Operating Income: 25200

Showing Notification Methods

Showing Service: Aligned Showings
Text: Yes

1 Bedroom Units

# 1 Bedroom Units: Yes
Avg Rent: 900
Avg SqFt: 600
# Baths: Yes

2 Bedroom Units

# 2 Bedroom Units: Yes
Avg Rent: 1200
Avg SqFt: 800
# Baths: Yes

Sold Info

Loan Type: FHA
Loan Years: 30
Payment Type: Fixed
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession to Buyer: 5000
Seller Concession $/%: $
Buyer Concession to Seller: 0

Project Type

Duplex: Yes

Construction

Block: Yes
Wood Frame: Yes

Const - Finish

Painted: Yes
Stucco: Yes

Roofing

Composition: Yes

Floors

Wood: Yes

Sale Includes

Building(s) Only: Yes

Income & Expenses

Annual Wtr/Swr Exp: 840
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 1378
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 25200
Total Monthly Rental Income: 2100

Pmt & Rate Info

Cap Rate: 9
Equity: 279900
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0

Lockbox Type

Combo: Yes

Community Features

No Pool: Yes

Heating

ENERGY STAR Qualified Equipment: Yes
Window/Wall Unit(s): Yes
2 or More Units: Yes

Cooling

ENERGY STAR Qualified Equipment: Yes
Window/Wall Unit: Yes
2 or More Units: Yes

Tenant Pays

Gas: Yes
Electricity: Yes
Cable TV: Yes

Appliances Included

Refrigerator: Yes
Free-Standing Range: Yes

Road Surface Type

Asphalt: Yes

Source of Fincl Data

Projected Proforma: Yes

Water Source

City Franchise: Yes

Sewer

Sewer - Public: Yes
Sewer-In & Connected: Yes

Parking Features

1 Space/Unit: Yes

Electric

APS: Yes
Individual Meter: Yes

Gas

SW Gas: Yes
Individual Meter: Yes

Owner Pays

Water: Yes
Sewer: Yes
Trash Collection: Yes

New Financing

VA: Yes
Conventional: Yes
FHA: 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 Type

Not Applicable: Yes

Existing 2nd Loan Terms

Not Applicable: Yes

Existing 3rd Loan Type

Not Applicable: Yes

Reports/Disclosures

None: Yes

Existing 3rd Loan Terms

Not Applicable: Yes

Environmental

None: Yes

Efficiency Units

Avg Rent: 0

3 Bedrooms Units

Avg Rent: 0

4 Bedrooms Units

Avg Rent: 0

Property Features

Project Type: Duplex Construction: Block; Wood Frame Const - Finish: Painted; Stucco Roofing: Composition Floors: Wood Sale Includes: Building(s) Only Community Features: No Pool Appliances Included: Free-Standing Range; Refrigerator Heating: Window/Wall Unit(s); 2 or More Units; ENERGY STAR Qualified Equipment Cooling: Window/Wall Unit; 2 or More Units; ENERGY STAR Qualified Equipment Water Source: City Franchise Sewer: Sewer - Public; Sewer-In & Connected Electric: APS; Individual Meter Gas: SW Gas; Individual Meter Parking Features: 1 Space/Unit Road Surface Type: Asphalt Owner Pays: Water; Trash Collection Tenant Pays: Electricity; Gas; Cable TV Source of Fincl Data: Projected Proforma Showing Notification Methods: Text Lockbox Type: Combo Existing 1st Loan: Treat as Free&Clear Existing 1st Loan Type: Not Applicable Existing 1st Loan Terms: Not Applicable Existing 2nd Loan Type: Not Applicable Existing 2nd Loan Terms: Not Applicable Existing 3rd Loan Type: Not Applicable Existing 3rd Loan Terms: Not Applicable New Financing: VA; FHA; Conventional Environmental: None

Listing Office: DeLex Realty

Last Updated: July - 01 - 2026