$1,250,000
Apache Junction, AZ 85120
MLS# 5434506
Status: Closed
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Property Description
4.48 Acres in the Heart of Apache Junction. This Property has the Potential for a New Commercial Development Site. Income producing property with long term tenants.
Details
Maps
Contract Info
Current Price: $1,250,000
Sold Price: $1,250,000
Status: Closed
List Date: 2016-04-27
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: R44
House Number: 1484
Compass: W
Street Name: APACHE
St Suffix: Trail
City/Town Code: Apache Junction
State/Province: AZ
Zip Code: 85120
Zip4: 3884
Country: USA
County Code: Pinal
Legal Description (Abbrev): LOT 4 BLK 1 OF APACHE ADDITION ACRES IN BK 5 OF MAPS PG 32 IN SEC 20-01N-08E 30,285.03 SQ FT 0.70 AC
Subdivision: APACHE ADDITION ACRES 1
Assessor's Map #: 15
Assessor's Parcel #: 3
Add'l Parcels: Yes
Assessor Number: 101-15-003
Census Tract: 309
Legal: LOT 4 BLK 1 OF APACHE ADDITION ACRES IN BK 5 OF MAPS PG 32 IN SEC 20-01N-08E 8.48 Acres
Tax Municipality: Apache Junction
Taxes: 31300
Tax Year: 2020
General Property Description
Ttl Apx SqFt Bldg: 11430
# of Buildings: 11
Year Built: 1968
Uncvrd Parking Spcs: 100
Zoning: C3/PD
Remarks & Misc
Cross Street: Ironwood Dr & Apache Trail
Directions: US 60 East to Ironwood Dr, North on Ironwood to Apache Trail. East on Apache Trail to your 1st left hand turn, Property on North side of Apache Trail
Geo Lat: 33.415892
Geo Lon: -111.562043
Status Change Info
Status Change Date: 2021-11-30
Off Market Date: 2021-11-26
Under Contract Date: 2021-07-24
Close of Escrow Date: 2021-11-30
Sold Price: $1,250,000
Legal Info
Township: 01N
Range: 08E
Section: 20
Lot Number: 3
Income & Expenses
Annual Ins Exp: 8000
Annual Landscape Exp: 1000
Annual Wtr/Swr Exp: 126
Owner Association: No
Operating Exp: 40426
Gross Annual Sch Inc: 135120
Vacancy Allowance: 10
Adjusted Gross Inc: 1216080
Pmt & Rate Info
Equity: 1900000
Sold Info
Loan Type: Conventional
Loan Years: 30
Payment Type: Fixed
Clsing Cost Split: Normal - N
Buyer Concession $/%: %
Seller Concession $/%: %
Property Features
Building Type: Commercial
Current Use: Restaurant; Office; Retail
Stories: 1 Story
Construction: Frame - Wood
Roofing: Comp Shingle; Foam
Floors: Concrete
Ceiling Height: 10.1 Feet to 12 Feet
Heating: Heat Pump
Cooling: Central A/C
Loading Facilities: None
Interior: Finished
Exterior: Roof Sign; Monument Sign
Fencing: None
Parking: Free
Electric: SRP
Gas: SW Gas
Water: Private Franchise
Sewer: Sewer - Private
Freeway/Highway: 2.1 - 5 Miles
Lockbox Type: None
Source of Fincl Data: Provided by Owner
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
Roads/Streets: Asphalt
Reports/Disclosures: Seller Prop Disc Stm
Environmental: None
Listing Office: Lost Dutchman Realty
Last Updated: November - 30 - 2021
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