300 N Morrison Avenue, Casa Grande, AZ 85122
- $350,000
- List Price
- $350,000
- Days on Market
- 49
- Status
- ACTIVE UNDER CONTRACT
- MLS#
- 7039214
- City
- Casa Grande
- Subdivision
- Myers Second Addition
- Year Built
- 1934
Property Description
Discover an exceptional opportunity to own a generously sized lot in the heart of Casa Grande featuring two distinct homes plus a large workshop, perfectly positioned for flexible ownership and income strategies. Live in one home while renting the other, rent both for maximum cash flow currently generating $2,792 in gross monthly rent, or utilize the back house as guest quarters--the possibilities are truly endless. The main home features an appealing split-floor plan with two bedrooms, a spacious living area, and a large eat-in kitchen, while the charming back home offers one bedroom, a spacious living room, and an eat-in kitchen with freshly painted interiors. Both units are fully occupied with professional management in place, leases expiring 4/30/2027 and 6/30/2027. Each unit includes private fenced-in yards, washer dryers added in 2025, perfect for privacy and outdoor enjoyment, along with essential appliances including stove and refrigerator, washer-dryers, ensuring tenant satisfaction and minimal maintenance concerns. This property has been exceptionally well-maintained and includes TWO impressive WORKSHOP/STORAGE BUILDINGS offering tremendous versatility and ADDITIONAL INCOME potential. The generous size of the workshop structures presents an exciting VALUE-ADD opportunity--CONVERT one into an ADDITIONAL CASITA to expand rental income or create premium guest accommodations. The EXPANSIVE DOUBLE LOT (~20k sq ft) is a rare asset, providing ample room for creative landscaping, storage for toys and vehicles, and future development of additional ADUs or casitas to maximize your investment returns. Conveniently located to all Casa Grande amenities, this is a true turnkey investment combining built-in stability with huge upside potential for an investor ready to maximize returns. DRIVE-BY ONLY; please do not disturb tenants. Walkthroughs available only with accepted offers. Act fast--this exceptional property won't last long! Buyer to verify all information.
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Additional Information
- Community Features
- No Pool
- Construction
- Wood Frame, Painted, Stucco, Board & Batten Siding
- Cooling
- Electric
- Electric
- APS
- Heating
- Electric
- New Financing
- Conventional, Cash
- Parking Features
- >1 Space Per Unit, Assigned, RV Access/Parking, Off Street
- Roofing
- Composition
- Subdivision
- Myers Second Addition
- Taxes
- $1,056
- Tax Year
- 2025
- Tenant Pays
- Water, Sewer, Electricity, Gas, Trash Collection
- Units
- 2
- Water
- City Franchise
- Zoning
- GR
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Listing courtesy of Fathom Realty.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved.