Properties
Gilbert, AZ 85234 229 N PALM Street # TRLR
$1,000,000
Pending
17 more
Presented By: On Q Property Management; 480-518-9910
Home Details
Developer / Investor Opportunity - Located in the Heritage District in Downtown Gilbert... This unique property features a single-family residence at the front & center of a long-standing trailer park, offering a rare opportunity for redevelopment or income potential. The main house includes 4 bedrooms. In addition, the property includes multiple trailer units consisting of one 2-bedroom trailer and 4 single-bedroom units. This property presents an excellent opportunity for developers, investors, or buyers seeking a value-add project. Whether you choose to renovate the existing structures, reposition the property as a rental portfolio, or explore redevelopment options, the possibilities are significant. Buyer to verify zoning, usage, and redevelopment opportunities with the appropriate municipality.
Presented By: On Q Property Management; 480-518-9910
Interior Features for 229 N PALM Street # TRLR
Bathrooms
Total Baths
Other Interior Features
Air Conditioning Y/NYes
FlooringLaminate, Carpet, Vinyl
Heating Y/NYes
General for 229 N PALM Street # TRLR
Additional Parcels Y/NNo
Attached Garage No
Cap Rate4.94
Carport Y/NNo
CityGilbert
Community FeaturesNo Pool
Construction MaterialsWood Frame, Painted, Stucco
CoolingCentral Air, Ceiling Fan(s)
CountyMaricopa
DirectionsNorth on Gilbert Rd, East on Cullumber, North on Palm to property on the right.
DisclosuresNone
ElectricAPS
Electric Expense0.0
Elementary SchoolGilbert Elementary School
Elementary School DistrictGilbert Unified District
Fuel Expense0.0
Garage Y/NNo
Gross Income75485.1
HeatingCentral, Electric
High SchoolGilbert High School
High School DistrictGilbert Unified District
Insurance Expense2500.0
Lease Considered Y/NNo
Lease Renewal Y/NNo
MaintenanceExpense0.0
MobileHomeRemainsYNNo
Net Operating Income49440.0
New ConstructionNo
New Financing: CashTrue
New Financing: ConventionalTrue
Number Of Units Total8
Occupancy TypeTenant
Open Parking Spaces10.0
Operating Expense24535.0
OwnerPaysTrash Collection, Water
OwnershipFee Simple
OwnershipFee Simple
Property TypeMultiple Dwellings
Rent Control Y/NNo
RoofComposition, Rolled/Hot Mop
Senior CommunityN
SewerPublic Sewer
Standard StatusPending
StatusPending
Tax Annual Amount2835.0
Tax LotN/A
Tax Year2025
Trash Expense2856.0
Unit NumberTRLR
Water Sewer Expense8644.0
Year Built1960
ZoningMulti-family/Lo
Exterior for 229 N PALM Street # TRLR
Covered Spaces0.0
Crops Included Y/NNo
Irrigation Water Rights Y/NNo
Lot Dimensions90x255
Number of Buildings8
Parking FeaturesAdd'l Parking Avail, 1 Space/Unit
Road Surface TypeDirt, Gravel
SpaNo
Total Parking10.0
Water SourceMaster Meter
Additional Details
Price History
Schools
Elementary School
Gilbert Elementary School
High School
Gilbert High School
Middle School
N/A
