NOT LISTED FOR SALE

108 N Meridian Rd Apache Junction, AZ 85120

Northeast Mesa Neighborhood
1 Bed
1 Bath
495 Sq Ft
1985 Built

Last Sold November 15, 2016

Last sale price $1,195,000 $2,414 Per Sq Ft

137 Days on Market

Highlights

  • Wood Flooring
  • Cooling Available
  • Heat Pump System
  • Franklin at Brimhall Elementary School Rated A
  • Ceiling Fan

About This Home

As of November 2016

Fantastic investment opportunity with great growth potential. (17) one bedroom/1bath units, (9) 2 bedroom,2bath units and (1) studio apartment. This freshly exterior painted complex consists of (4) 2 story buildings and (1) single story. Onsite laundry. Tons of upside with plenty of jobs within a 2 mile radius and future growth is phenomenal! Please show respect to the tenants and drive by only. You will not be disappointed.

Last Listed By

Cameron Dana

Dana Realty and Management License #BR526194000 Listed on: 04/15/2016

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,299

Year Built

  • Built in 1985

Home Design

  • Wood Frame Construction
  • Composition Roof

Interior Spaces

  • Ceiling Fan
  • Wood Flooring

Parking

  • 60 Open Parking Spaces
  • 60 Parking Spaces

Utilities

  • Cooling Available
  • Heat Pump System

Listing and Financial Details

  • The owner pays for trash collection, water, sewer, landscaping
  • Assessor Parcel Number 220-65-003-T

Community Details

Overview

  • 5 Buildings
  • 27 Units
  • Building Dimensions are 235 X 150

Building Details

  • Operating Expense $42,799
  • Gross Income $144,020

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,299

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Cross Street: MAIN (APACHE) AND MERIDIAN
  • Legal Info Range: 7E
  • Property Type: Multiple Dwellings
  • Zoning: M-H
  • Number Of Buildings: 5
  • Year Built: 1985
  • Tax Year: 2015
  • Directions: U.S. 60 EAST TO MERIDIAN. NORTH TO PROPERTY ON THE WEST SIDE OF THE ROAD.
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: kwaz10
  • Co List Office Phone: 480-767-3000
  • Tax Parcel Letter: T
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Wood
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Frame - Wood
  • Roof: Composition
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Open Parking Spaces: 60.0
  • Total Parking Spaces: 60.0
  • General Property Description:Uncvrd Parking Spcs: 60.0
  • General Property Description:Total Parking Spcs: 60.0
  • Parking:Free: Yes
  • Parking:Street Parking: Yes
  • Parking:Paved Parking: Yes
  • Parking:Assigned: Yes
  • Parking:_less_1 Space Per Unit: Yes

Utilities

  • Electric: SRP, City Electric, Individual Meter
  • Cooling: Electric, Ceiling Fan(s)
  • Heating: Heat Pump, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Green Landscaping: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Community Amenities:No Pool: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Fuel Expense: 1200.0
  • Trash Expense: 3600.0
  • Annual Water Sewer Expense: 15000.0

Lot Info

  • Lot Size: 235 X 150
  • Additional Parcels: No
  • Parcel #: 220-65-003-T

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Number Of Units Total: 27
  • Electric Expense: 2000.0
  • Annual Gross Income: 144020.0
  • Insurance Expense: 6000.0
  • Maintenance Expense: 2000.0
  • Annual Operating Expense: 42799.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 7299.0
  • Tax Book Number: 220.00
  • Tax Lot: 0

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/15/2016 11/15/16 Sold $1,195,000 -4.4% $2,414 / Sq Ft
06/14/2016 06/14/16 Price Changed $1,250,000 -3.5% $2,525 / Sq Ft
04/15/2016 04/15/16 For Sale $1,295,000 -- $2,616 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2016

    Cameron Dana

    Dana Realty and Management

  • Rick Horst

    Seller Co-Listing Agent in 2016

    Rick Horst

    Keller Williams Arizona Realty

    (480) 767-3014

    37 Total Sales

    Rick Horst
    Section Image

  • T

    Buyer's Agent in 2016

    Ted Stevens

    Expert Realty LLC

    (480) 459-5177

    8 Total Sales

    Ted Stevens
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5428917

Arizona Regional Multiple Listing Service (ARMLS)

Arizona Maricopa County Apache Junction 85120 Northeast Mesa

108 N Meridian Rd, Apache Junction, AZ

Homes for Sale in Apache Junction, AZ

This home is located at 108 N Meridian Rd, Apache Junction, AZ 85120 since 15 April 2016. This property was built in 1985. 108 N Meridian Rd is a home located in Maricopa County with nearby schools including Sousa Elementary School, Franklin at Brimhall Elementary School, and Franklin West Elementary School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Arizona Regional Multiple Listing Service (ARMLS) All information should be verified by the recipient and none is guaranteed as accurate by ARMLS

Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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