$413,000
SOLD JUL 11, 2025

1022 N Main Dr Apache Junction, AZ 85120

-- Bed
-- Bath
480 Sq Ft
1985 Built

Recently Sold

$860 Per Sq Ft

31% Below List Price

61 Days on Market

Highlights

  • Cooling Available
  • Ceiling Fan
  • Multiple Heating Units
  • Ceramic Tile Flooring

About This Home

As of July 2025

1022 & 1034 Main Dr offer four units— two ground-set, financeable modular homes and two site-built houses. The seller is open to financing with solid terms and strong cash flow potential. The property sits on just under an acre in Apache Junction (RS-10M zoning), which may allow for more density. rent, though currently below market, are already generating strong returns with upside to increase NOI from day one.

Last Agent to Sell the Property

Benjamin Robinson

Venture REI, LLC License #SA687499000 Listed on: 04/18/2025

Venture REI, LLC

Last Buyer's Agent

Lee Garner

Better Homes & Gardens Real Estate SJ Fowler License #SA665861000

Better Homes & Gardens Real Estate SJ Fowler

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $867

Year Built

  • Built in 1985

Home Design

  • Steel Frame
  • Wood Frame Construction
  • Composition Roof
  • Siding
  • Stucco

Flooring

  • Carpet
  • Ceramic Tile

Parking

  • 9 Open Parking Spaces
  • 9 Parking Spaces

Schools

  • Apache Junction High School

Utilities

  • Cooling Available
  • Multiple Heating Units

Additional Features

  • Ceiling Fan
  • Additional Parcels

Listing and Financial Details

  • The owner pays for trash collection, water, sewer
  • Tax Lot D
  • Assessor Parcel Number 100-35-026-D

Community Details

Overview

  • 5 Buildings
  • 4 Units
  • Building Dimensions are 130 x 331
  • S18 T1n R8e Subdivision

Building Details

  • Operating Expense $867
  • Gross Income $60,290
  • Net Operating Income $60,290

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$867

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Cross Street: Ironwood Dr & Superstition Blvd
  • Legal Info Range: 08E
  • Property Type: Multiple Dwellings
  • Zoning: Residential
  • Number Of Buildings: 5
  • Ownership: Fee Simple
  • Year Built: 1985
  • Tax Year: 2024
  • Road Surface Type: Asphalt
  • Subdivision Name: S18 T1N R8E
  • Tax Parcel Letter: D
  • Cooling:Ceiling Fan(s): Yes
  • Roofing:Composition: Yes
  • Construction:Wood Frame: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile
  • Appliances: None
  • Appliances Included:None38: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Steel Frame, Wood Frame, Siding, Painted, Stucco
  • Roof: Composition
  • Construction:Steel Frame: Yes

Garage/Parking

  • Parking Features: Add'l Parking Avail
  • Attached Garage: No
  • Open Parking Spaces: 9.0
  • Total Parking Spaces: 9.0
  • General Property Description:Uncvrd Parking Spcs: 9.0
  • General Property Description:Total Parking Spcs: 9.0

Utilities

  • Electric: SRP
  • Cooling: Ceiling Fan(s), Electric
  • Heating: 2 or More Units, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Individual Meter, City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Schools

  • High School: Apache Junction High School
  • Junior High Dist: Apache Junction Unified District

Lot Info

  • Lot Size: 130 x 331
  • Additional Parcels: Yes
  • Parcel #: 100-35-026-D

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 4
  • Annual Gross Income: 60290.0
  • Property Net Operating Income: 60290.0
  • Annual Operating Expense: 867.0

Tax Info

  • Tax Annual Amount: 867.0
  • Tax Book Number: 100.00
  • Tax Lot: D

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 18, 2025
Closed on
Jun 27, 2025
Sold by
Delzell David A
Bought by
Pullen Leroy and Pullen Tammy
Seller's Agent
Benjamin Robinson
Venture REI, LLC
Buyer's Agent
Lee Garner
Better Homes & Gardens Real Estate SJ Fowler
List Price
$600,000
Sold Price
$413,000
Premium/Discount to List
-$187,000
-31.17%
Views
19

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4115.77%

Purchase Details

Closed on
Oct 23, 2021
Sold by
Gabriel Ortiz Jr
Bought by
Justus Prevails Llc

Purchase Details

Closed on
Apr 8, 2021
Sold by
Justus Prevails Llc
Bought by
Ortiz Gabriel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$283,000
Interest Rate
3%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 17, 2016
Sold by
Babakitis Holdings Inc
Bought by
Justus Prevails Llc

Purchase Details

Closed on
Apr 14, 2016
Sold by
Babakitis Holdings Inc
Bought by
Justus Prevails Llc

Purchase Details

Listed on
Jan 25, 2014
Closed on
Mar 25, 2014
Sold by
Schneemayer Karl
Bought by
Justus Prevails Llc
Seller's Agent
Linda Cooley
Sonoran Country Realty LLC
Buyer's Agent
Constantine Babakitis
HomeSmart
List Price
$175,000
Sold Price
$110,000
Premium/Discount to List
-$65,000
-37.14%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.65%
Original Mortgage
$100,000
Interest Rate
4.32%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Dec 21, 2011
Sold by
Schneemayer Karl
Bought by
Schneemayer Karl and Schneemayer Betty K

Purchase Details

Closed on
Jan 19, 2011
Sold by
Mcelhiney Richard and Mcelhiney Lynda
Bought by
Scheemayer Karl

Purchase Details

Closed on
Aug 21, 2009
Sold by
Dieterich Karla Ann
Bought by
Mcelhiney Lynda Sue
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $413,000 Pioneer Title Agency
Deed In Lieu Of Foreclosure -- None Listed On Document
Warranty Deed $290,000 Driggs Title Agency Inc
Warranty Deed -- None Available
Warranty Deed $10,000 None Available
Warranty Deed $110,000 Chicago Title Agency Inc
Interfamily Deed Transfer -- None Available
Quit Claim Deed -- None Available
Quit Claim Deed -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $283,000 Commercial
Previous Owner $100,000 Seller Take Back
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/11/2025 07/11/25 Sold $413,000 -21.3% $860 / Sq Ft
06/18/2025 06/18/25 Pending -- -- --
06/02/2025 06/02/25 Price Changed $525,000 -5.7% $1,094 / Sq Ft
05/28/2025 05/28/25 Price Changed $557,000 -7.2% $1,160 / Sq Ft
04/18/2025 04/18/25 For Sale $600,000 +106.9% $1,250 / Sq Ft
04/27/2022 04/27/22 Sold $290,000 -17.1% $602 / Sq Ft
03/28/2022 03/28/22 For Sale $350,000 +218.2% $726 / Sq Ft
04/10/2014 04/10/14 Sold $110,000 -37.1% $229 / Sq Ft
03/10/2014 03/10/14 Pending -- -- --
01/22/2014 01/22/14 For Sale $175,000 -- $365 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $867 $18,320 -- --
2024 $818 $17,919 -- --
2023 $853 $16,067 $8,427 $7,640
2022 $818 $10,097 $4,571 $5,526
2021 $833 $9,506 $0 $0
2020 $812 $8,395 $0 $0
2019 $779 $5,648 $0 $0
2018 $763 $5,616 $0 $0
2017 $743 $5,475 $0 $0
2016 $724 $5,764 $2,378 $3,386
2014 $686 $4,014 $1,400 $2,614
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6854659

Arizona Regional Multiple Listing Service (ARMLS)

APN: 100-35-026D