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$445,000
Apache Junction, AZ 85119
MLS# 6133693
Status: Closed
1 / 33
Property Description
Nice 4-Plex! Each unit is a 2 Bedroom, 1 Bath w/840 sf. Washer dryer hookups, paved parking area in front and back. The parcel next door is for sale as well. There is a really nice courtyard for the tenants. You will notice the staircase meets in the middle of both buildings. Outside storage, kitchen appliances and each unit is individually metered for electricity. Tenants pay their own electricity and cable. Seller pays water, sewer and trash. Property next door is available as well. (Drive by only).
Details
Maps
Documents
Contract Info
Current Price: $430,000
Sold Price: $430,000
Status: Closed
List Date: 2020-09-17
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: C77
House Number: 414
Compass: E
Street Name: 10TH
St Suffix: Street
City/Town Code: Apache Junction
State/Province: AZ
Zip Code: 85119
Country: USA
County Code: Pinal
Legal Description (Abbrev): PALM SPRINGS #5 LOT 62
Subdivision: PALM SPRINGS UNIT FIVE
Assessor's Map #: 23
Assessor's Parcel #: 61
Assessor Parcel Ltr: B
Add'l Parcels: No
Assessor Number: 102-23-061-B
Legal: PALM SPRINGS #5 LOT 62
Census Tract: 315
Tax Municipality: Pinal - COUNTY
Taxes: 2230
Tax Year: 2020
Marketing Name: Palm Springs 4-Plex
General Property Description
Lot Size Dimensions: 49.95 x 150.56 x 49.95 x 150.55
Year Built: 2003
Uncvrd Parking Spcs: 8
Total # of Units: 4
# of Buildings: 1
Zoning: R2
Elementary School: Superstition Mountain Elementary School
Jr. High School: Apache Junction High School
High School: Apache Junction High School
Elementary School District: Apache Junction Unified District
High School District: Apache Junction Unified District
Remarks & Misc
Cross Street: Southern & Idaho
Directions: Take US-60 E towards Globe, Take the AZ-88/Idaho Rd exit and take a left, turn right onto E 16th Ave, left onto S Winchester Rd, right onto E 10th Ave and property is on the left.
Geo Lat: 33.405858
Geo Lon: -111.541327
Status Change Info
Status Change Date: 2020-12-22
Off Market Date: 2020-12-22
Under Contract Date: 2020-10-13
Close of Escrow Date: 2020-12-21
Sold Price: $430,000
Legal Info
Township: 01N
Range: 08E
Section: 28
Lot Number: 62
Income & Expenses
Owner Association: No
Operating Exp: 2230
Gross Annual Sch Inc: 39360
Vacancy Allowance: 0.05
Adjusted Gross Inc: 37392
Net Operating Income: 29820
Pmt & Rate Info
Cap Rate: 6.7
Equity: 445000
2 Bedroom Units
# 2 Bedroom Units: 4
Avg Rent: 820
Avg SqFt: 840
# Baths: 1
Sold Info
Loan Type: Conventional
Loan Years: 30
Payment Type: Fixed
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession to Buyer: 7500
Seller Concession $/%: $
Property Features
Project Type: Four Plex
Construction: Frame - Wood
Const - Finish: Stucco
Roofing: Comp Shingle
Floors: Vinyl
Sale Includes: Land & Building
Community Amenities: No Pool
Exterior Amenities: Desert Landscaping
Interior Amenities: Unfurnished
Appliances Included: F/S Oven/Range; Refrigerator; Dishwasher
Cooling: Central A/C
Water: City Franchise
Sewer: Sewer - Public
Electric: SRP; Individual Meter
Gas: None
Parking: >1 Space Per Unit; Free; Paved Parking
Roads/Streets: Asphalt
Owner Pays: Water; Trash Collection
Tenant Pays: Electric
Source of Fincl Data: Provided by Owner
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
Existing 3rd Ln Type: Not Applicable
Existing 3rd Ln Trms: Not Applicable
Existing Othr Ln Trm: Not Applicable
New Financing: VA; FHA; Conventional; 1031 Exchange
Reports/Disclosures: None
Environmental: None
Financial Summary 
Listing Office: Better Homes & Gardens Real Estate SJ Fowler
Last Updated: December - 22 - 2020
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