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$252,000
Apache Junction, AZ 85120
MLS# 5513231
Status: Closed
1 / 1
Property Description
Nice apartments with good cash flow. No vacancies. Great location. All facts and figs approx.
Details
Maps
Contract Info
Current Price: $245,223
Sold Price: $245,223
Status: Closed
List Date: 2016-10-17
Ownership: Fee Simple
Sub Agent $/%: %
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: Q44
House Number: 616
Compass: N
Street Name: SAN MARCOS
St Suffix: Drive
City/Town Code: Apache Junction
State/Province: AZ
Zip Code: 85120
Zip4: 5500
Country: USA
County Code: Pinal
Legal Description (Abbrev): BEATY SUBD LOT 12
Subdivision: BEATY SUBDIVISION
Assessor's Map #: 13
Assessor's Parcel #: 12
Assessor Parcel Ltr: C
Add'l Parcels: No
Assessor Number: 101-13-012-C
Legal: BEATY SUBD LOT 12
Census Tract: 309
Tax Municipality: Apache Junction
Taxes: 2608
Tax Year: 2016
Marketing Name: none
General Property Description
Lot Size Dimensions: 13467
Year Built: 1985
Uncvrd Parking Spcs: 10
Total # of Units: 6
# of Buildings: 1
Zoning: multi
Elementary School District: Apache Junction Unified District
High School District: Apache Junction Unified District
Remarks & Misc
Cross Street: University and Ironwood
Directions: East on University past Ironwood to San Marcos, south to property
Geo Lat: 33.420724
Geo Lon: -111.55505
Status Change Info
Status Change Date: 2016-12-16
Off Market Date: 2016-11-15
Under Contract Date: 2016-10-24
Close of Escrow Date: 2016-12-15
Sold Price: $245,223
Legal Info
Township: 01N
Range: 08E
Section: 20
Lot Number: 12
Income & Expenses
Annual Elec Exp: 1550
Annual Ins Exp: 2210
Annual Maint Exp: 2308
Annual Mgmt Exp: 3720
Annual Trash Exp: 2500
Annual Wtr/Swr Exp: 3750
Owner Association: No
Annual Other Expense: 820
Operating Exp: 19466
Gross Annual Sch Inc: 37200
Other Income: 960
Adjusted Gross Inc: 38160
Net Operating Income: 37200
Pmt & Rate Info
Cap Rate: 14.76
Equity: 252000
Efficiency Units
# Efficiency Units: 2
Avg Rent: 450
Avg SqFt: 396
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 4
Avg Rent: 550
Avg SqFt: 722
# Baths: 1
Contact Info
List Agent Home Phn: 480-963-0904
Sold Info
Loan Type: Cash
Payment Type: Other
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Property Features
Project Type: 5 - 12 Units
Construction: Frame - Wood
Const - Finish: Painted; Stucco
Roofing: Comp Shingle
Floors: Concrete; Vinyl; Carpet
Sale Includes: Land & Building; Laundry Equipment
Community Amenities: No Pool
Exterior Amenities: Desert Landscaping; Cable TV Available
Interior Amenities: Unfurnished; Fire/Smoke Alarm(s); Mini Blinds
Appliances Included: BI Oven/Range; Refrigerator; Disposal; Washer/Dryer
Heating: Central
Cooling: Electric; Window/Wall Unit; Individual
Water: Private Franchise
Sewer: Sewer-In & Connected
Electric: SRP
Gas: None
Parking: Street Parking; >1 Space Per Unit; Add'l Parking Avail
Roads/Streets: Asphalt
Owner Pays: Water; Trash Collection; Landscaping
Tenant Pays: Electric
Source of Fincl Data: Other (See Remarks)
Special: Incorporated Area
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: Not Applicable
New Financing: Conventional
Reports/Disclosures: None
Environmental: None
Listing Office: Robert Miles Realty, LLC
Last Updated: January - 05 - 2017
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