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Northwest Corner of Eleven Mile Corner and Shedd Road
Eloy, AZ 85131
Asking Price
$6.90M
Asset Type
Residential Land
Class
Class B
What's Special
Land | 313.45 acres <p>Prime Investment Property for a 1031 Exchange or for a future residential or commercial development. The property is located within Eloy, which is an ADWR 100-year designated water provider. The City of Eloy Airport and Skydive Arizona are located nearby, so there could be some possible development uses to support the airport and skydive facilities. The general plan for the site is for Medium Density Residential (3-6 DU/AC), High Density Residential (10-24 DU/AC), and Neighborhood Commerci
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NOI
$80,000
Cap Rate
1.16%
DSCR
0.20
Underwater
Cash-on-Cash
-15.92%
Monthly Payment
$34,117.151
Annual Cash Flow
$-329,405.808
