$270,000
Apache Junction, AZ 85119
MLS# 5856070
Status: Closed
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Property Description
Beautiful views of the Superstition Mountain and the Goldfields from this nice, clean Fourplex that sits on over half an acre. Included is a separate detached 24' x 35' garage that seller is currently using for storage. Property is located near the center of town. Frys Marketplace is walking distance along with Central Arizona College nearby and tons of restaurants nearby. Seller is leaving 2 units vacant for the next owner just in case you want to live in a unit or do something different. If you want them rented let us know. Seller collects $600/Month per unit which is below what you could be getting on these 2 bedroom/1 bath units. Seller only pays for water at $100/Month. Don't miss out on this gem. Come drive by today!
Details
Maps
Contract Info
Current Price: $270,000
Sold Price: $270,000
Status: Closed
List Date: 2018-12-10
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: R44
House Number: 345
Compass: E
Street Name: JUNCTION
St Suffix: Street
City/Town Code: Apache Junction
State/Province: AZ
Zip Code: 85119
Zip4: 1424
Country: USA
County Code: Pinal
Legal Description (Abbrev): E-165' OF N-145' OF E 1/2 NE NW SW OF SEC 21-1N-8E EXC N-40' & E- 33' DEEDED TO CITY OF A J (.23 AC
Subdivision: S21 T1N R8E
Assessor's Map #: 21
Assessor's Parcel #: 60
Assessor Parcel Ltr: D
Add'l Parcels: No
Assessor Number: 101-21-060-D
Legal: E-165' OF N-145' OF E 1/2 NE NW SW OF SEC 21-1N-8E EXC N-40' & E- 33' DEEDED TO CITY OF A J (.23 AC
Census Tract: 310
Tax Municipality: Pinal - COUNTY
Taxes: 1253
Tax Year: 2018
Marketing Name: JUNCTION FOUR-PLEX
General Property Description
Lot Size Dimensions: 132 X 105
Year Built: 1970
Total # of Units: 4
# of Buildings: 2
Zoning: Multi
Elementary School District: Apache Junction Unified District
High School District: Apache Junction Unified District
Remarks & Misc
Cross Street: Idaho & Junction
Directions: Superstition Freeway (Highway 60) to Idaho. Go North on Idaho to Junction, Go East to property on SW corner.
Geo Lat: 33.414885
Geo Lon: -111.542027
Status Change Info
Status Change Date: 2019-02-15
Off Market Date: 2019-02-15
Under Contract Date: 2018-12-21
Close of Escrow Date: 2019-02-14
Sold Price: $270,000
Legal Info
Township: 01N
Range: 08E
Section: 21
Income & Expenses
Annual Ins Exp: 777
Annual Wtr/Swr Exp: 1200
Owner Association: No
Operating Exp: 3230
Gross Annual Sch Inc: 28800
Vacancy Allowance: 0.05
Adjusted Gross Inc: 27360
Totl Mnth Rntal Inc: 2400
Net Operating Income: 24130
Pmt & Rate Info
Cap Rate: 8.32
Equity: 289900
2 Bedroom Units
# 2 Bedroom Units: 4
Avg Rent: 600
Avg SqFt: 624
# Baths: 1
Sold Info
Loan Type: Conventional
Loan Years: 30
Payment Type: Fixed
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Property Features
Project Type: Four Plex
Construction: Frame - Wood
Const - Finish: Painted
Roofing: Rock; Rolled
Floors: Carpet
Sale Includes: Land & Building
Community Amenities: No Pool
Exterior Amenities: Cable TV Available; Separate Storage
Interior Amenities: Mini Blinds
Appliances Included: Refrigerator
Cooling: Electric
Water: Private Franchise
Sewer: Septic in & Cnctd
Electric: SRP
Gas: None
Parking: Carport
Roads/Streets: Asphalt
Owner Pays: Water
Tenant Pays: Electric; Trash; Cable TV
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
New Financing: VA; FHA; Conventional; 1031 Exchange
Reports/Disclosures: Seller Prop Disc Stm
Environmental: None
Listing Office: Better Homes & Gardens Real Estate SJ Fowler
Last Updated: February - 16 - 2022
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