Search Entire MLS By Map Or Your Own Search Criteria
$875,000
Apache Junction, AZ 85120
MLS# 6524198
Status: Closed
1 / 44
Property Description
**Seller Financing available** Beautifully maintained 5-plex property located in Apache Junction on a 1/2 acre lot. 2 out of the 5 units are fully remodeled, Remodeled units are B and C. They have new mini splits, New Interior paint, New fans, remodeled bathrooms, with new tubs and plumbing. Lot has lots of parking and room for growth. Unit A is a 1/1 house. Unit B and Unit C are a duplex both remodeled, Unit B has a garage and unit C has a carport space. Both have private fenced back yard. Duplex D and E are located in the front of the property both have carport space parking and large fenced backyards. Don't let this incredible opportunity slip by! Each unit has their own electric meter. Owner pays the water and trash. Photos taken in Feb 2023, all units occupied.
Details
Maps
Contract Info
Current Price: $840,000
Sold Price: $840,000
Status: Closed
List Date: 2023-02-23
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: R44
House Number: 282
Compass: N
Street Name: PALO VERDE
St Suffix: Drive
City/Town Code: Apache Junction
State/Province: AZ
Zip Code: 85120
Zip4: 3747
Country: USA
County Code: Pinal
Legal Description (Abbrev): LOT 9 BLOCK 1 AMD PLAT OF NEWTOWN CAB 5 SLD 23A
Subdivision: AMD PLAT OF NEWTOWN
Assessor's Map #: 2
Assessor's Parcel #: 5
Add'l Parcels: No
Assessor Number: 101-02-005
Legal: LOT 9 BLOCK 1 AMD PLAT OF NEWTOWN CAB 5 SLD 23A
Census Tract: 308
Tax Municipality: Pinal - COUNTY
Taxes: 1624
Tax Year: 2021
Marketing Name: AMD PLAT OF NEWTOWN
General Property Description
Lot Size Dimensions: 27,019
Year Built: 1950
Uncvrd Parking Spcs: 5
Total # of Units: 5
# of Buildings: 3
Zoning: Multi Family
Elementary School: Four Peaks Elementary School - Apache Junction
Jr. High School: Cactus Canyon Junior High
High School: Apache Junction High School
Elementary School District: Apache Junction Unified District
High School District: Apache Junction Unified District
Remarks & Misc
Cross Street: W Apache Trail and Ironwood Dr.
Directions: Head E on West Apache Trail, Left on Palo Verde Dr. Property is on the left hand side.
Geo Lat: 33.417811
Geo Lon: -111.567274
Status Change Info
Status Change Date: 2023-08-09
Off Market Date: 2023-08-09
Under Contract Date: 2023-07-11
Close of Escrow Date: 2023-08-09
Sold Price: $840,000
Legal Info
Township: 01N
Range: 08E
Section: 19
Block: 1
Lot Number: 9
Income & Expenses
Annual Gas Exp: 720
Annual Trash Exp: 440
Annual Wtr/Swr Exp: 600
Owner Association: No
Operating Exp: 3384
Gross Annual Sch Inc: 68352
Vacancy Allowance: 0.05
Adjusted Gross Inc: 64934.4
Totl Mnth Rntal Inc: 5500
Net Operating Income: 62290
Pmt & Rate Info
Cap Rate: 7.12
Equity: 875000
1 Bedroom Units
# 1 Bedroom Units: 5
Avg Rent: 800
Avg SqFt: 500
# Baths: 5
Sold Info
Loan Type: Wrap
Loan Years: 5
Payment Type: Balloon
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Property Features
Project Type: 5 - 12 Units
Construction: Block; Frame - Wood
Const - Finish: Painted; Stucco
Roofing: Comp Shingle; Other (See Remarks)
Floors: Ceramic Tile
Sale Includes: Land & Building
Community Amenities: No Pool
Exterior Amenities: Desert Landscaping; Fenced; Partially Fenced; RV/Boat Parking; Cable TV Available; Patio/Balcony; Separate Storage; Security Light(s)
Interior Amenities: Fire/Smoke Alarm(s)
Appliances Included: F/S Oven/Range; Refrigerator
Heating: Window/Wall Unit(s); Wall Furnace; See Remarks
Cooling: Ceiling Fan(s); Window/Wall Unit; Evaporative Cooling
Water: City Franchise
Sewer: Septic Tank
Electric: SRP
Gas: SW Gas; Individual Meter; Other (See Remarks)
Parking: Garage; Carport; Street Parking; <1 Space Per Unit; Attached; Add'l Parking Avail; RV/Boat Parking; Free
Roads/Streets: Asphalt
Owner Pays: Water; Trash Collection
Tenant Pays: Electric; Gas; Cable TV
Source of Fincl Data: Provided by Owner
Special: Owner/Agent
Showing Notification Methods: Text
Lockbox Type: None
Existing 1st Loan: Treat as Free&Clear
Existing 1st Ln Type: Not Applicable
Existing 1st Ln Trms: Not Applicable
Existing 2nd Ln Type: Not Applicable
Existing 2nd Ln Trms: Not Applicable
New Financing: Conventional; Seller May Carry; 1031 Exchange
Reports/Disclosures: None
Environmental: None
Listing Office: DeLex Realty
Last Updated: August - 10 - 2023
Copyright 2024 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.