Listing ID6378220
Price$775,000
StatusActive
CountyPinal
SubdivisionSUPERSTITION VILLA
Year Built1982
Property TypeMultifamily Residential
Property Sub TypeFour Plex
Incredible 4-Plex investment opportunity close to the US-60 in Apache Junction. All 2 bedrooms/1 bathroom, individual laundry rooms in each unit, and all units have exterior storage rooms. Three single level units have private, enclosed patios. Unit 2 was updated in 2020, exterior paint completed in 2020, new roof installed in 2019, staircase was replaced in 2020, and fence installed in 2018. Rents: 1 @ $816.50 renews 12/31/22, 2 @ $996.45/3.31.23 , 3 @ $816.50/12.31.22, 4 @ $867.38/1.31.23 - increase rents to market value at lease expirations! All units individually metered for electric. Professionally managed! 12 month leases and 100% occupied! Qualifies for residential financing! **DO NOT DISTURB TENANTS; DRIVE-BY ONLY**
County
Pinal
Property Sub Type
Four Plex
Property Type
Multifamily Residential
Subdivision
SUPERSTITION VILLA
Year Built
1982
Zoning
GR
2 Bedroom Units
4
2 Bedroom Units: Average SqFt
784
2 Bedroom Units: Number of Baths
1
Appliances Included
F/S Oven/Range, Refrigerator, W/D Hookup
Cooling
Ceiling Fan(s), Central A/C, Heat Pump
Floors
Ceramic Tile
Heating
Electric, Heat Pump, Individual
Interior Amenities
Fire/Smoke Alarm(s), Unfurnished
Total Units
4
Construction
Frame - Wood
Exterior Amenities
Cable TV Available, Desert Landscaping, Fenced, Patio/Balcony, Separate Storage
Exterior Finish
Brick Trim/Veneer, Painted, Siding
Lot Size Dimensions
80.28 x 119.83 x 63.07 x 102.71
Parking
1 Space/Unit, Add'l Parking Avail, Assigned
Roads/Streets
Alley, Asphalt, Curb(s) & Gutter(s)
Roofing
Comp Shingle
Total Parking Spaces
4
Country
USA
Cross Street
Idaho Rd and Southern Ave
Lot Number
301
Map Code/Grid
R44
Range
08E
Section
29
Township
01N
Community Amenities
No Pool
Electric
Individual Meter, SRP
Entry Timestamp
2022-04-04T09:54:50+00:00
Gas
None
Marketing Name
SUPERSTITION VILLA
Owner Association
No
Sewer
Sewer - Public
Water
City Franchise, Master Meter
2 Bedroom Units: Average Rent
869.46
Adjusted Gross Income
57600
Annual Management Expense
3477.83
Contingency Type
No
Financial Data Source
Projected Proforma, Provided by Owner
Gross Annual Scheduled Income
57600
Net Operating Income
52761.17
New Financing
1031 Exchange, Conventional, Other (See Remarks)
Operating Expense
4838.83
Owner Pays
Sewer, Trash Collection
Sale Includes
Land & Building
Tax Municipality
Pinal - COUNTY
Taxes
1361
Tenant Pays
Electric, Water
Total Monthly Rental Income
4800
Contact - Listing ID 6378220
Michael Bohlman
2425 S. Stearman Dr. Suite 120
Chandler, AZ 85286
Phone: 480-797-3800
Data services provided by IDX Broker
