434 S Hill St - Apartments FOR SALE


Globe, AZ 85501
$449,000 USD
480-406-1984
434 S Hill St, Globe, AZ for Sale
$449,000 USD
Apartments - FOR SALE
1/28
null | 6.29% Cap Rate

434 S Hill St
Globe, AZ 85501


HIGHLIGHTS

  • Victorian-style fourplex with recent 2024 renovations.
  • Four residential units across two separate buildings.
  • Detached cottage features separate electric metering.
  • Located near downtown Globe dining, services, and employers.
  • Multiple furnished units support flexible rental strategies.
  • Six on-site parking spaces serve residents and guests.

OVERVIEW

434 S Hill St presents an opportunity to acquire a fully occupied Victorian-style fourplex in the historic community of Globe, Arizona. Situated on a 7,747-square-foot parcel, the property consists of four residential units across two buildings, including a detached cottage that is separately metered for electric service. Renovated in 2024, the asset combines historic character with recent improvements and offers multiple income strategies for investors seeking long-term rental stability or furnished housing opportunities. The unit mix includes a combination of one-bedroom and two-bedroom residences, with several units furnished and configured for immediate occupancy. One detached cottage benefits from separate utility metering, while the property's layout provides operational flexibility across the unit mix. The offering is currently reported at 100% occupancy, with ownership indicating that the owner-occupied unit will be delivered vacant at closing and an additional unit is currently vacant, creating opportunities for lease-up, repositioning, or owner occupancy. Located near downtown Globe, the property benefits from proximity to local employers, healthcare services, educational institutions, retail amenities, and the area's established mining industry. Residents enjoy convenient access to restaurants, community services, outdoor recreation in the Pinal Mountains and Tonto National Forest, and regional attractions including Apache Gold Casino Resort. Globe serves as an employment and commercial hub for Gila County, supporting year-round housing demand from local residents and workforce tenants.

FOR SALE DETAILS

PRICE

$449,000 USD

PRICE/SF

$165 USD /SF

# OF UNITS

4

PRICE/UNIT

$112,250

CAP RATE

6.29%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1950

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,747 SF

ZONING

C-3

APN/PARCEL ID

208-03-108

ASK ABOUT THIS PROPERTY

Laura GoodS.J. Fowler Real Estate, Inc.More Info
480-406-1984

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Laura GoodS.J. Fowler Real Estate, Inc.More Info
480-406-1984

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.