Mario Romero
The Melcher Agency
(602) 833-0553
63 Total Sales
1 in Apache Junction
$345,000 Price
1461 E Southern Ave Apache Junction, AZ 85119
Apache Junction AreaEstimated Value: $527,000
Studio
4
Baths
708
Sq Ft
$744/Sq Ft
Est. Value
Highlights
- Brick Veneer
- Ceramic Tile Flooring
- Heating Available
About This Home
As of November 2025Great Investment opportunity in Apache Junction!! This four-plex features four 2-bedroom, 1-bathroom units, each designed for comfortable living and steady rental demand. With strong cash flow potential and a location close to schools, and major highways, this property is ideal for both seasoned investors and those looking to grow their portfolio. A rare chance to own a solid income-producing asset in a desirable area.
Last Agent to Sell the Property
Barrett Real Estate License #BR629553000 Listed on: 09/24/2025
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Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,546
Year Built
- Built in 1981
Home Design
- Brick Veneer
- Wood Frame Construction
- Block Exterior
Flooring
- Carpet
- Ceramic Tile
- Vinyl
Parking
- 8 Open Parking Spaces
- 8 Parking Spaces
- Over 1 Space Per Unit
Schools
- Peralta Trail Elementary School
- Cactus Canyon Junior High
- Apache Junction High School
Utilities
- Cooling Available
- Heating Available
- Septic Tank
Listing and Financial Details
- The owner pays for landscaping
- Tax Lot 1756
- Assessor Parcel Number 102-27-255
Community Details
Overview
- 4 Units
- Building Dimensions are 90 x 109
- Palm Springs Unit 15 Subdivision
Building Details
- Operating Expense $6,232
- Gross Income $45,334
- Net Operating Income $39,102
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 24, 2025
Closed on
Dec 23, 2025
Sold by
Bahnan Nashwan
Bought by
Seller's Agent
Oskar Jonsson
Barrett Real Estate
Buyer's Agent
Lethe Lew
Desert River Realty
List Price
$599,000
Sold Price
$542,500
Premium/Discount to List
-$56,500
-9.43%
Views
4
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$15,500
Avg. Annual Appreciation
-3.28%
Original Mortgage
$352,600
Interest Rate
6.3%
Mortgage Type
New Conventional
Purchase Details
Listed on
Sep 24, 2025
Closed on
Nov 3, 2025
Sold by
Brumar Legacy Llc
Bought by
Bahnana Nashwan
Seller's Agent
Oskar Jonsson
Barrett Real Estate
Buyer's Agent
Lethe Lew
Desert River Realty
List Price
$599,000
Sold Price
$542,500
Premium/Discount to List
-$56,500
-9.43%
Views
4
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$352,600
Interest Rate
6.3%
Mortgage Type
New Conventional
Purchase Details
Closed on
Mar 15, 2012
Sold by
Aurora Loan Services Llc
Bought by
Brumar Legacy Llc
Purchase Details
Closed on
Sep 21, 2011
Sold by
Nawrocki Jim
Bought by
Aurora Loan Services Llc
Purchase Details
Closed on
Dec 17, 2007
Sold by
Nawrocki Jim
Bought by
Jn Properties Southern Llc
Purchase Details
Closed on
Apr 8, 2005
Sold by
B Enterprises I Llc
Bought by
Nawrocki Jim
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$208,000
Interest Rate
5.72%
Mortgage Type
New Conventional
Purchase Details
Closed on
Feb 9, 2005
Sold by
Tremblay Neil and Tremblay Jennifer
Bought by
B Enterprises I Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$208,000
Interest Rate
5.72%
Mortgage Type
New Conventional
Purchase Details
Closed on
Dec 8, 2004
Sold by
Denman Wade and Denman Elizabeth
Bought by
Tremblay Neil J and Tremblay Jennifer E
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$162,000
Interest Rate
4.48%
Mortgage Type
New Conventional
Purchase Details
Closed on
Feb 24, 2003
Sold by
Simmons Raymond W and Simmons Linda S
Bought by
Denman Wade and Denman Elizabeth
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$23,277
Interest Rate
5.93%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
Aug 11, 2000
Sold by
The Five Ps Investment Company
Bought by
Simmons Raymond W and Simmons Linda S
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$117,000
Interest Rate
8.16%
Mortgage Type
New Conventional
Purchase Details
Closed on
Feb 29, 1996
Sold by
Apache View Inc
Bought by
The Five Ps Investment Co
Purchase Details
Closed on
Aug 7, 1995
Sold by
Spinola John E and Spinola Sally A
Bought by
Apache View Inc
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Apache Junction, AZ
-
Mario Romero
-
Mindy Willert
Mindy Willert
Dragonfly Homes By Mindy LLC
(701) 515-0656
128 Total Sales
28 in Apache Junction
$13K - $140K Price Range
-
Brandon Seil
Brandon Seil
Real Broker
(480) 576-5218
14 Total Sales
1 in Apache Junction
$138,000 Price
-
Ben Koerner
Ben Koerner
Responds QuicklyFathom Realty Elite
(623) 257-8749
145 Total Sales
2 in Apache Junction
$385K - $386K Price Range
-
Shane Peck
Shane Peck
HomeSmart
(855) 561-0549
43 Total Sales
1 in Apache Junction
$325,000 Price
-
Robert Urrutia
Robert Urrutia
Responds QuicklyRe/Max Vision Realty
(480) 739-3235
54 Total Sales
19 in Apache Junction
$1K - $565K Price Range
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| -- | Accommodation/Courtesy Recordi | ||
| Bahnana Nashwan | $542,500 | Pinnacle Title Services | |
| Brumar Legacy Llc | $87,500 | North American Title Company | |
| Aurora Loan Services Llc | $210,525 | Accommodation | |
| Jn Properties Southern Llc | -- | None Available | |
| Nawrocki Jim | $260,000 | -- | |
| B Enterprises I Llc | -- | -- | |
| Tremblay Neil J | $202,500 | Fidelity National Title Agen | |
| Denman Wade | $152,000 | First American Title Ins Co | |
| Simmons Raymond W | $130,000 | Security Title Agency | |
| The Five Ps Investment Co | -- | Security Title Agency | |
| Apache View Inc | $82,491 | United Title Agency |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | $352,600 | ||
| Previous Owner | Nawrocki Jim | $208,000 | |
| Previous Owner | Tremblay Neil J | $162,000 | |
| Previous Owner | Denman Wade | $23,277 | |
| Previous Owner | Simmons Raymond W | $117,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/06/2025 11/06/25 | Sold | $542,500 | -9.4% | $766 / Sq Ft |
| 10/28/2025 10/28/25 | Price Changed | $599,000 | 0.0% | $846 / Sq Ft |
| 09/26/2025 09/26/25 | Pending | -- | -- | -- |
| 09/24/2025 09/24/25 | For Sale | $599,000 | -- | $846 / Sq Ft |
Source: Arizona Regional Multiple Listing Service (ARMLS)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $1,546 | $20,660 | ||
| 2024 | $1,459 | $21,053 | ||
| 2023 | $1,522 | $14,718 | $0 | $0 |
| 2022 | $1,459 | $19,182 | $2,944 | $16,238 |
| 2021 | $1,486 | $17,850 | $0 | $0 |
| 2020 | $1,448 | $14,547 | $0 | $0 |
| 2019 | $1,389 | $14,631 | $0 | $0 |
| 2018 | $1,361 | $9,517 | $0 | $0 |
| 2017 | $1,325 | $9,624 | $0 | $0 |
| 2016 | $1,292 | $9,641 | $1,100 | $8,541 |
| 2014 | $1,224 | $7,157 | $1,100 | $6,057 |
Source: Public Records
Agents Affiliated with this Home
-
Oskar Jonsson
Seller's Agent in 2025
Oskar Jonsson
Barrett Real Estate
(602) 318-6433
45 Total Sales
-
Lethe Lew
Buyer's Agent in 2025
Lethe Lew
Desert River Realty
(602) 226-1238
27 Total Sales
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6924305
APN: 102-27-255
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.
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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