$600,000
SOLD APR 17, 2026

111 S Outpost Rd Apache Junction, AZ 85119

-- Bed
-- Bath
775 Sq Ft
1983 Built

Sale Details

Date Sold: April 17, 2026

$774 Per Sq Ft

8% Below List Price

55 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Ceiling Fan
  • Patio
  • Central Heating
  • Partially Fenced Property

About This Home

As of April 2026

Awesome Apache Junction investment opportunity. Multiple long term tenants of 7+ years and a recently refreshed unit that is ready for a new tenant. Four 2 bed/1 bath units each with dedicated laundry. Convenient location that is walking distance to Fry's, Central Arizona College, and many restaurants.

Last Agent to Sell the Property

Jared Falk

Realty ONE Group License #SA664751000 Listed on: 01/14/2026

Co-Listed By

Dave Messner

Realty ONE Group License #BR025968000

Last Buyer's Agent

Morten Pedersen

Lori Blank & Associates, LLC License #BR635605000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,577

Year Built

  • Built in 1983

Lot Details

  • Dirt Road
  • Partially Fenced Property
  • Desert Landscape

Home Design

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

Interior Spaces

  • Ceiling Fan
  • Ceramic Tile Flooring

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces

Outdoor Features

  • Patio

Schools

  • Four Peaks Elementary School
  • Cactus Canyon Junior High
  • Apache Junction High School

Utilities

  • Cooling Available
  • Central Heating
  • Separate Meters
  • Natural Gas Not Available
  • Private Water Source

Listing and Financial Details

  • Tenant pays for electricity, trash collection, cable TV
  • The owner pays for water, landscaping
  • Tax Lot Metes & Bounds
  • Assessor Parcel Number 101-21-070-B

Community Details

Overview

  • 4 Units
  • Building Dimensions are Metes & Bounds
  • S21 T1n R8e Subdivision

Building Details

  • Operating Expense $6,575
  • Gross Income $46,854
  • Net Operating Income $37,279

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,577

Year Built

Built in 1983

Lot Details

0 Sq Ft Lot

Listing Details

  • Cross Street: Idaho & Old West Hwy
  • Property Type: Multiple Dwellings
  • Zoning: GR
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1983
  • Tax Year: 2025
  • Road Surface Type: Asphalt, Dirt
  • Professional Management Expense: 3498.0
  • Co List Office Mls Id: reog01
  • Co List Office Phone: 480-315-1240
  • Subdivision Name: S21 T1N R8E
  • Tax Parcel Letter: B
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: Free-Standing Range, Refrigerator, W/D Hookup

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Wood Frame, Painted, Stucco, Wood Siding
  • Roof: Composition

Garage/Parking

  • Parking Features: >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 4.0

Utilities

  • Electric: Individual Meter, SRP
  • Cooling: Electric, Ceiling Fan(s)
  • Heating: Electric, Central
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Private

Condo/Co-op/Association

  • Community Features: No Pool

Fee Information

  • Annual Water Sewer Expense: 1500.0

Schools

  • Elementary School: Four Peaks Elementary School
  • High School: Apache Junction High School
  • Junior High Dist: Apache Junction Unified District
  • Middle Or Junior School: Cactus Canyon Junior High

Lot Info

  • Lot Size: Metes & Bounds
  • Additional Parcels: No
  • Parcel #: 101-21-070-B

Multi Family

  • Owner Pays: Water, Landscaping
  • Tenant Pays: Electricity, Trash Collection, Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 46854.0
  • Property Net Operating Income: 37279.0
  • Annual Operating Expense: 6575.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1577.0
  • Tax Book Number: 101.0
  • Tax Lot: Metes & Bounds

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 14, 2026
Closed on
Apr 8, 2026
Sold by
Alsace Lyons Llc
Bought by
North Kerryanne
Seller's Agent
Jared Falk
Realty ONE Group
Buyer's Agent
Morten Pedersen
Lori Blank & Associates, LLC
List Price
$650,000
Sold Price
$600,000
Premium/Discount to List
-$50,000
-7.69%
Views
16

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-2.64%
Original Mortgage
$480,000
Outstanding Balance
$480,000
Interest Rate
6%
Mortgage Type
New Conventional
Estimated Equity
$118,878

Purchase Details

Closed on
Apr 4, 2019
Sold by
Moreland Sylvia J
Bought by
Alsace Lyons Llc

Purchase Details

Closed on
Feb 8, 2002
Sold by
Moreland James A
Bought by
Moreland Sylvia J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$64,000
Interest Rate
6.78%

Purchase Details

Closed on
May 1, 1997
Sold by
Mcfall Jerry A and Mcfall Karen K
Bought by
Moreland James A
Source: Public Records
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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 $600,000 Empire Title
Warranty Deed $275,000 Great American Title Agency
Interfamily Deed Transfer -- Security Title Agency
Warranty Deed $80,000 First American Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $480,000 New Conventional
Previous Owner $64,000 No Value Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/17/2026 04/17/26 Sold $600,000 -4.0% $774 / Sq Ft
04/13/2026 04/13/26 Price Changed $625,000 0.0% $806 / Sq Ft
03/10/2026 03/10/26 Pending -- -- --
02/13/2026 02/13/26 Price Changed $625,000 -3.8% $806 / Sq Ft
01/14/2026 01/14/26 For Sale $650,000 -- $839 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

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 $1,541 $17,714 -- --
2024 $1,454 $17,006 -- --
2023 $1,517 $16,061 $5,665 $10,396
2022 $1,454 $17,681 $1,319 $16,362
2021 $1,481 $16,578 $0 $0
2020 $1,443 $12,959 $0 $0
2019 $1,384 $12,608 $0 $0
2018 $1,356 $9,172 $0 $0
2017 $1,320 $9,369 $0 $0
2016 $1,288 $9,364 $1,620 $7,744
2014 $1,220 $7,133 $1,620 $5,513
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6968443

Arizona Regional Multiple Listing Service (ARMLS)

APN: 101-21-070B

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