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$260,000
000 W 20th Ave and S. Monterey Dr, 290A
Apache Junction, AZ 85120
MLS# 6579971
Status: Pending

000 W 20th Ave and S. Monterey Dr, 290A, Apache Junction, AZ 85120
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000 W 20th Ave and S. Monterey Dr, 290A, Apache Junction, AZ 85120 000 W 20th Ave and S. Monterey Dr, 290A, Apache Junction, AZ 85120 000 W 20th Ave and S. Monterey Dr, 290A, Apache Junction, AZ 85120 000 W 20th Ave and S. Monterey Dr, 290A, Apache Junction, AZ 85120 Shaded are is approximate. It is not to scale and is not a true representation of property. not to scale and is not a true representation of area of property. 000 W 20th Ave and S. Monterey Dr, 290A, Apache Junction, AZ 85120 000 W 20th Ave and S. Monterey Dr, 290A, Apache Junction, AZ 85120 000 W 20th Ave and S. Monterey Dr, 290A, Apache Junction, AZ 85120 000 W 20th Ave and S. Monterey Dr, 290A, Apache Junction, AZ 85120 000 W 20th Ave and S. Monterey Dr, 290A, Apache Junction, AZ 85120 000 W 20th Ave and S. Monterey Dr, 290A, Apache Junction, AZ 85120 000 W 20th Ave and S. Monterey Dr, 290A, Apache Junction, AZ 85120 000 W 20th Ave and S. Monterey Dr, 290A, Apache Junction, AZ 85120 000 W 20th Ave and S. Monterey Dr, 290A, Apache Junction, AZ 85120

Property Description
Great location tucked in a well established neighborhood, with a great mix of single family, adult and multifamily residence. Don't miss the chance to acquire this prime vacant land parcel zoned for multifamily development RM-2, allowing for up to 16 units. Yes that's right! Develop and build anywhere from one to sixteen units on this lot, or develop 3 fourplexes, creating 12 units for your investment portfolio, 40' feet high is the limit!. With a flat topography and ample space, the property offers flexibility in designing and constructing a desirable multifamily development that meets market demands. Utilities, Water, Sewer are nearby, waiting to be brought to the property.

Details
Maps
Contract Information
Current Price: $260,000
List Price: $260,000
Status: Pending
List Date: 2023-07-13
For Sale or Lease?: Sale
Type: ER
Subagents: N
Buyer/Broker: Y
Buyer Broker $/%: %
Comp to Buyer Broker: 2.5
Variable Commission: N
Location, Tax & Legal
Map Code/Grid: R44
House Number: 000
Compass: W
Street Name: 20th Ave and S. Monterey Dr
St Suffix: --
Lot #: 290A
City/Town Code: Apache Junction
State/Province: AZ
Zip Code: 85120
Country: USA
County Code: Pinal
Assessor's Map #: 22
Assessor's Parcel #: 290
Assessor Parcel Ltr: A
Add'l Parcels: No
Assessor Number: 102-22-290-A
Legal Description (Abbrev): SUPERSTITION VILLA W1/2 OF LOT 290
Subdivision: SUPERSTITION VILLA
Census Tract: 314
Tax Municipality: Pinal - COUNTY
Taxes: 3170
Tax Year: 2022
General Property Description
Apx Total Acres: 0.77
Apx Total Acres G/N: G
Price Per Acre: 337662.34
Apx SqFt: 33593
Price Per SqFt: 7.74
Apx SqFt G/N: G
Lot Size Dimensions: Irregular 329.49 x 102.71
Horses: N
Zoning: RM-2
Elementary School District: Apache Junction Unified District
High School District: Apache Junction Unified District
Remarks & Misc
Cross Street: Idaho Rd and Southern Ave.
Directions: From Idaho Rd and Southern Ave. go north on Idaho Rd. Turn West on 20th Ave. Continue until you reach property on the North side of the street. The property is on the corner of Monterey and 20th Ave.
Geo Lat: 33.396824
Geo Lon: -111.552124
Status Change Info
Status Change Date: 2024-04-10
Off Market Date: 2024-04-10
Under Contract Date: 2024-04-08
Legal Info
Township: 01N
Range: 08E
Section: 29
Lot Number: 290A
Pmt & Rate Info
Equity: 260000
Assoc/Prop Info
HOA Y/N: N
PAD Fee Y/N: N
HOA 2 Y/N: N
Showing Notification Methods
Showing Service: No Showing Service Used
Property Features
Special Listing Cond: Owner/Agent
Existing Land Use: Residential Lot; Other (See Rmks)
Zoned Presently: Single Family; Multi-Family
Potential Use: Single Family; Multi-Family
Parcel Size: .50 - .99 Acres
Current Density: 00 - 01 Units P/Acre; 02 - 05 Units P/Acre; 06 - 10 Units P/Acre; 11 - 15 Units P/Acre
Proposed Density: 00 - 01 Units P/Acre; 02 - 05 Units P/Acre; 06 - 10 Units P/Acre; 11 - 15 Units P/Acre; 16 - 20 Units P/Acre; 21 - 25 Units P/Acre
Development Status: Raw Land
Land Features: North/South Exp; East/West Exposure
Vegetation: Other
Land Configuration: Square Rectangular; Irregular Shape
Roads/Streets: Asphalt
Road Responsibility: City Maintained Road
Freeway/Highway: 1.1 - 2 Miles; Access
Topography: Level
Existing Structures: None
Water: None; Private Franchise; See Remarks
Sewer: Sewer - Public; No Sewer/Septic; Other (See Remarks)
Electric: SRP; None; Other (See Rmks)
Gas: SW Gas; None; Other (See Rmks)
Distance to Cable: Call Listing Office
Distance to Phone: Call Listing Office
Distance to Water: Under 350 Feet
Distance to Electric: Under 350 Feet
Distance to Gas: Call Listing Office
Distance to Sewer: Under 350 Feet
Existing 1st Loan: Treat as Free&Clear
New Financing: Cash; Conventional
Reports/Disclosures: None
Environmental: None
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
Supplements
With its strategic location, favorable zoning, and the growing demand for housing in Apache Junction, this investment opportunity holds immense potential for single family, or multifamily developers and investors. With close proximity to restaurants, shopping centers, schools, hiking, golfing, Canyon Lake and the ever present Superstition Mountains you can't go wrong. Act now to secure your stake in the of Apache Junction real estate market and reap the long-term rewards. Contact the listing agent today to schedule a site visit or obtain further information.

Listing Office: Russ Lyon Sotheby's International Realty

Last Updated: April - 11 - 2024

000 W 20th Ave and S. Monterey Dr, 290A, Apache Junction, AZ 85120 - MLS# 6579971

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