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$259,950
Apache Junction, AZ 85119
MLS# 5644536
Status: Closed
1 / 19
Property Description
SELLER WILL LOOK AT ALL OFFERS! VERY MOTIVATED! MUST SEE THIS VERY NICE FOUR-PLEX FOR SALE IN A VERY NICE AREA OF APACHE JUNCTION. BRAND NEW EXTERIOR PAINT! NICE QUIET RESIDENTIAL AREA. RIGHT NEXT TO NORTHERN AZ UNIVERSITY. ALSO NEARBY IS BANNER CHILDREN'S HEALTH CLINIC. EASY ACCESS TO THE INTERSTATE 60. ALL UNITS ARE 2 BED, 1 BATH UNITS AT 760 SF. VERY LOW MAINTENANCE. THIS FOUR-PLEX WAS BUILT IN 1983 AND ALSO FOR SALE IS THE ADJACENT FOUR-PLEX. (BOTH MUST BE SOLD TOGETHER. OWNER WILL ENTERTAIN ALL OFFERS! RENTS: Unit 1 475 Unit 2 500 Unit 3 475 Unit 4 475
Details
Maps
Contract Info
Current Price: $242,000
Sold Price: $242,000
Status: Closed
List Date: 2017-08-09
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: R44
House Number: 417
Compass: E
Street Name: 10TH
St Suffix: Avenue
City/Town Code: Apache Junction
State/Province: AZ
Zip Code: 85119
Zip4: 3267
Country: USA
County Code: Pinal
Legal Description (Abbrev): LOT 94 PALM SPRINGS UNIT FIVE CAB 13 SLD 55
Subdivision: PALM SPRINGS UNIT FIVE
Assessor's Map #: 23
Assessor's Parcel #: 94
Add'l Parcels: No
Assessor Number: 102-23-094
Legal: LOT 94 PALM SPRINGS UNIT FIVE CAB 13 SLD 55
Census Tract: 315
Tax Municipality: Pinal - COUNTY
Taxes: 1242
Tax Year: 2016
Marketing Name: Palm Springs FOUR-PLEX
General Property Description
Lot Size Dimensions: N/A
Year Built: 1983
Uncvrd Parking Spcs: 8
Total # of Units: 4
# of Buildings: 1
Zoning: CB-1
Elementary School District: Apache Junction Unified District
High School District: Apache Junction Unified District
Remarks & Misc
Cross Street: IDAHO/BROADWAY
Directions: EAST ON HIGHWAY 60 TO IDAHO RD AND GO LEFT. TURN RIGHT ONTO 16TH AVE., TAKE THE 2ND LEFT ONTO S. WINCHESTER RD., TURN RIGHT ONTO 10TH AVE. PROPERTY ON THE RIGHT.
Geo Lat: 33.405306
Geo Lon: -111.541492
Status Change Info
Status Change Date: 2018-03-07
Off Market Date: 2018-03-07
Under Contract Date: 2018-01-27
Close of Escrow Date: 2018-03-06
Sold Price: $242,000
Legal Info
Township: 01N
Range: 08E
Section: 28
Lot Number: 94
Income & Expenses
Annual Ins Exp: 1378
Annual Trash Exp: 1200
Owner Association: No
Operating Exp: 3820
Gross Annual Sch Inc: 23100
Vacancy Allowance: 0.05
Adjusted Gross Inc: 21945
Net Operating Income: 18125
Pmt & Rate Info
Cap Rate: 6.97
Equity: 259950
2 Bedroom Units
# 2 Bedroom Units: 4
Avg Rent: 515
Avg SqFt: 720
# Baths: 1
Sold Info
Loan Type: Conventional
Loan Years: 30
Payment Type: Fixed
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Property Features
Project Type: Four Plex
Construction: Frame - Wood
Const - Finish: Stucco
Roofing: Built-Up
Floors: Vinyl; Carpet
Sale Includes: Land & Building; Personal Property
Community Amenities: No Pool
Exterior Amenities: Desert Landscaping; Fenced; Patio/Balcony; Separate Storage
Appliances Included: F/S Oven/Range; Refrigerator; W/D Hookup
Cooling: Electric
Water: City Franchise
Sewer: Sewer - Public
Electric: SRP
Gas: None
Parking: >1 Space Per Unit; Add'l Parking Avail; Free
Roads/Streets: Asphalt; Dedicated Street
Owner Pays: Water; Trash Collection
Tenant Pays: Electric
Source of Fincl Data: Unknown
Existing 1st Loan: Treat as Free&Clear
Existing 1st Ln Type: Not Applicable
Existing 1st Ln Trms: Not Applicable
Existing 2nd Loan: Treat as Free&Clear
Existing 2nd Ln Type: Not Applicable
Existing 2nd Ln Trms: Not Applicable
Existing 3rd Loan: Treat as Free&Clear
Existing 3rd Ln Type: Not Applicable
Existing 3rd Ln Trms: Not Applicable
Existing Othr Ln Trm: Other (See Remarks)
New Financing: CTL; VA; FHA; Conventional; Seller May Carry; 1031 Exchange
Reports/Disclosures: None
Environmental: None
Listing Office: Better Homes & Gardens Real Estate SJ Fowler
Last Updated: February - 17 - 2023
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