$700,000
515 E HONDO Avenue
Apache Junction, AZ 85119
MLS# 6416022
Status: Closed



515 E HONDO Avenue, Apache Junction, AZ 85119
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515 E HONDO Avenue, Apache Junction, AZ 85119 515 E HONDO Avenue, Apache Junction, AZ 85119 515 E HONDO Avenue, Apache Junction, AZ 85119 515 E HONDO Avenue, Apache Junction, AZ 85119 515 E HONDO Avenue, Apache Junction, AZ 85119 515 E HONDO Avenue, Apache Junction, AZ 85119 515 E HONDO Avenue, Apache Junction, AZ 85119 515 E HONDO Avenue, Apache Junction, AZ 85119 515 E HONDO Avenue, Apache Junction, AZ 85119 515 E HONDO Avenue, Apache Junction, AZ 85119 515 E HONDO Avenue, Apache Junction, AZ 85119 515 E HONDO Avenue, Apache Junction, AZ 85119 515 E HONDO Avenue, Apache Junction, AZ 85119 515 E HONDO Avenue, Apache Junction, AZ 85119 515 E HONDO Avenue, Apache Junction, AZ 85119 515 E HONDO Avenue, Apache Junction, AZ 85119 515 E HONDO Avenue, Apache Junction, AZ 85119 515 E HONDO Avenue, Apache Junction, AZ 85119 515 E HONDO Avenue, Apache Junction, AZ 85119 515 E HONDO Avenue, Apache Junction, AZ 85119 515 E HONDO Avenue, Apache Junction, AZ 85119 515 E HONDO Avenue, Apache Junction, AZ 85119 515 E HONDO Avenue, Apache Junction, AZ 85119 515 E HONDO Avenue, Apache Junction, AZ 85119 515 E HONDO Avenue, Apache Junction, AZ 85119 515 E HONDO Avenue, Apache Junction, AZ 85119 515 E HONDO Avenue, Apache Junction, AZ 85119 515 E HONDO Avenue, Apache Junction, AZ 85119 515 E HONDO Avenue, Apache Junction, AZ 85119 515 E HONDO Avenue, Apache Junction, AZ 85119 515 E HONDO Avenue, Apache Junction, AZ 85119 515 E HONDO Avenue, Apache Junction, AZ 85119 515 E HONDO Avenue, Apache Junction, AZ 85119 515 E HONDO Avenue, Apache Junction, AZ 85119 515 E HONDO Avenue, Apache Junction, AZ 85119 515 E HONDO Avenue, Apache Junction, AZ 85119 515 E HONDO Avenue, Apache Junction, AZ 85119 515 E HONDO Avenue, Apache Junction, AZ 85119 515 E HONDO Avenue, Apache Junction, AZ 85119 515 E HONDO Avenue, Apache Junction, AZ 85119 515 E HONDO Avenue, Apache Junction, AZ 85119 515 E HONDO Avenue, Apache Junction, AZ 85119

Property Description
Turnkey, very well kept 4-plex. Each unit has 2 bedrooms & 1 bath with a small enclosed patio area in the back and community courtyard in the front. Each unit has been updated as they become vacant, At this time Unit A remodel has been completed & is for lease for $1,300. Each unit has tile, LVP flooring or Congoleum. Kitchen & baths have granite or quartz counters. 2 units have new electrical panels in 2019.The roofs of both buildings & carports were replaced & warranty is transferable & 2 units the A/C was replaced. Dual pane low E windows on all units. Square footage does not include detached laundry room. The seller has owned the property since 2006 & has never had any long term vacancies. Please do not disturbed the tenants. Apt A is available & on lockbox.

Details
Maps
Contract Info
Current Price: $700,000
Sold Price: $700,000
Status: Closed
List Date: 2022-06-12
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: R44
House Number: 515
Compass: E
Street Name: HONDO
St Suffix: Avenue
City/Town Code: Apache Junction
State/Province: AZ
Zip Code: 85119
Zip4: 3223
Country: USA
County Code: Pinal
Legal Description (Abbrev): LOT 1010 PALM SPRINGS UNIT TEN CAB 14 SLD 1
Subdivision: PALM SPRINGS UNIT TEN
Assessor's Map #: 26
Assessor's Parcel #: 11
Add'l Parcels: No
Assessor Number: 102-26-011
Legal: LOT 1010 PALM SPRINGS UNIT TEN CAB 14 SLD 1
Census Tract: 315
Tax Municipality: Pinal - COUNTY
Taxes: 1591
Tax Year: 2021
Marketing Name: unknown
General Property Description
Lot Size Dimensions: 10,028
Year Built: 1979
Uncvrd Parking Spcs: 3
Total # of Units: 4
# of Buildings: 2
Zoning: Multi
Flood Zone: No
Elementary School District: Apache Junction Unified District
High School District: Apache Junction Unified District
Remarks & Misc
Cross Street: Southern & Idaho
Directions: South on Idaho to 16th Ave, right to property (16th turns into Hondo) property is on the right
Geo Lat: 33.400342
Geo Lon: -111.54053
Status Change Info
Status Change Date: 2022-08-12
Off Market Date: 2022-08-11
Under Contract Date: 2022-07-08
Close of Escrow Date: 2022-08-12
Sold Price: $700,000
Legal Info
Township: 01N
Range: 08E
Section: 28
Lot Number: 1010
Income & Expenses
Annual Ins Exp: 1198
Annual Landscape Exp: 1279
Annual Legal & Acctg: 200
Annual Maint Exp: 1316
Annual Wtr/Swr Exp: 398
Owner Association: No
Annual Other Expense: 154
Operating Exp: 6136
Vacancy Allowance: 0.05
Totl Mnth Rntal Inc: 39946
Net Operating Income: 33810
Pmt & Rate Info
Cap Rate: 4.66
Equity: 725000
2 Bedroom Units
# 2 Bedroom Units: 4
Avg Rent: 1000
Avg SqFt: 672
# Baths: 1
Sold Info
Loan Type: Other
Payment Type: Other
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Property Features
Project Type: Four Plex
Construction: Block
Const - Finish: Stucco
Roofing: Comp Shingle
Floors: Vinyl; Ceramic Tile; Other
Sale Includes: Land & Building
Community Amenities: No Pool; Barbecue
Exterior Amenities: Desert Landscaping
Interior Amenities: Unfurnished; Fire/Smoke Alarm(s); Mini Blinds
Appliances Included: BI Oven/Range; Refrigerator
Cooling: Ceiling Fan(s); Central A/C
Water: Private Franchise
Sewer: Septic Tank
Electric: SRP; Individual Meter
Gas: None
Parking: Carport; >1 Space Per Unit; Add'l Parking Avail
Roads/Streets: Asphalt; Curb(s) & Gutter(s); Alley
Owner Pays: Water; Trash Collection; Landscaping
Tenant Pays: Electric; Cable TV
Source of Fincl Data: Provided by Owner
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: Supra (ARMLS)
Existing 1st Loan: Treat as Free&Clear
Existing 1st Ln Trms: Not Applicable
New Financing: Conventional; 1031 Exchange
Reports/Disclosures: None
Environmental: None

Listing Office: Red Mountain Real Estate

Last Updated: August - 12 - 2022

515 E HONDO Avenue, Apache Junction, AZ 85119 - MLS# 6416022
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