Listing ID6378221
Sold For$775,000
StatusClosed
Sold Date6/20/2022
CountyPinal
SubdivisionSUPERSTITION VILLA
Year Built1982
Property TypeMultiple Dwellings
Incredible 4-Plex investment opportunity close to the US-60 in Apache Junction. Neighboring 4-Plex 2125 also for sale by same owner! All units are 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 3 renovated in 2021, full ext paint in 2020, new roof installed 2019, staircase replaced in 2020, fence installed in 2020. Rents: 2 @ $1,250.00, 3 @ $1,250.00, 4 @ $893.15 - room to increase rents in unit 4 at lease expiration! Unit 1 lease expires 05/31 and will be listed at approx. $1,250.00 06/2022. All units individually metered for electric - tenant pays. Professionally managed! 12 month leases! Qualifies for residential financing! **DO NOT DISTURB TENANTS; DRIVE-BY ONLY
County
Pinal
Property Type
Multiple Dwellings
Subdivision
SUPERSTITION VILLA
Year Built
1982
Zoning
GR
2 Bedroom Units # Baths
1
2 Bedroom Units Avg SqFt
784
Cooling
Central A/C, Individual, Heat Pump, Ceiling Fan(s)
Cooling
yes
Heating
Individual, Heat Pump, Electric
Heating
yes
Community Features
No Pool
Country
US
Directions
West on Southern Ave from Idaho Rd, North on Apache Dr, Continue past 22nd Ave, second building on East side of Apache Dr.
Elementary School District
Apache Junction Unified District
General Property Description Elementary School District2
Apache Junction Unified District
General Property Description High School District
Apache Junction Unified District
High School District
Apache Junction Unified District
Postal City
Apache Junction
Township
01N
Water Source
City Franchise, Master Meter
Attached Garage
no
Construction Materials
Siding, Brick Veneer, Painted, Frame - Wood
Electric
SRP
General Property Description # of Buildings
1
General Property Description Lot Size Dimensions
75.27 x 129.71
General Property Description Total # of Units
4
General Property Description Uncvrd Parking Spcs
4
Lot Size Dimensions
75.27 x 129.71
Number Of Buildings
1
Number Of Units Total
4
Open Parking Spaces
4
Parking Assigned
1
Parking Features
Assigned, Add'l Parking Avail, 1 Space/Unit
Parking Total
4
Road Surface Type
Asphalt, Curb(s) & Gutter(s), Alley
Roof
Composition
Sewer
Public Sewer
Buyer Agency Compensation
3.00
Mls Status
Closed
Public Survey Range
08E
Public Survey Section
29
2 Bedroom Units Avg Rent
1084.54
Cap Rate
6.38
Disclosures
Seller Prop Disc Stm
Gross Income
55717.8
Gross Scheduled Income
55717.8
Listing Terms
Conventional, 1031 Exchange
Net Operating Income
51031.43
Operating Expense
4686.37
Owner Pays
Trash Collection, Sewer
Professional Management Expense
3270.37
Tax Annual Amount
1416
Tax Book Number
102.00
Tax Lot
302
Tax Year
2021
Tenant Pays
Electricity, Water
Contact - Listing ID 6378221
Michael Bohlman
2425 S. Stearman Dr. Suite 120
Chandler, AZ 85286
Phone: 480-797-3800
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