NOT LISTED FOR SALE

151 N Palo Verde Dr Apache Junction, AZ 85120

4 Beds
4 Baths
381 Sq Ft
1985 Built

Last Sold May 01, 2012

Last sale price $235,000 $617 Per Sq Ft

132 Days on Market

About This Home

As of May 2012

HUGE PRICE REDUCTION! Check out the cap rate of 18.89%. Amazing cash flow property that is currently 100% occupied, including many long-term tenants. Property is newer than many of the multi-unit dwellings in the valley. Conveniently located near Loop 202 and withing walking distance of Wal-Mart.

Last Agent to Sell the Property

Paul Whittle

American Allstar Realty License #BR531220000 Listed on: 12/09/2011

Co-Listed By

Daniel Shenkman

Keller Williams Realty Phoenix License #SA549480000

Last Buyer's Agent

Charles Duck

Blackwing Real Estate License #BR577367000

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1985

Home Design

  • Wood Frame Construction
  • Rolled or Hot Mop Roof

Flooring

  • Painted or Stained Flooring
  • Carpet
  • Ceramic Tile

Parking

  • Over 1 Space Per Unit
  • Paved Parking

Utilities

  • Cooling System Mounted To A Wall/Window
  • Individual Controls for Heating

Listing and Financial Details

  • Tenant pays for electric
  • The owner pays for trash collection, water

Community Details

Overview

  • $1,621 per year Dock Fee
  • 8 Units
  • Building Dimensions are IRR

Building Details

  • Insurance Expense $1,725

Property Details

Home Type

Multi-Family

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Tax Municipality: Apache Junction
  • Construction Finish: Painted
  • Cross Street: US 60 & Crismon Rd (exit 192)
  • Floors: Carpet, Ceramic Tile
  • Legal Info Lot Number: 4
  • Legal Info Range: 08E
  • Legal Info Section: 19
  • Legal Info Township: 01N
  • Roads Streets: Asphalt
  • Property Type: F
  • Hndrd Blk Directionl: W
  • Hundred Block: 500
  • Legal Description Abbrev: NEWTOWN
  • Marketing Name: AJ CASH FLOW MACHINE
  • Ownership: Fee Simple
  • Uncvrd Parking Spcs: 11.00
  • Map Code Grid: R44
  • Year Built: 1985
  • Tax Year: 2011
  • Directions: Crismon Rd North to Apache Trail, East to North Palo Verde Dr, North to property. Property will be on your right.
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Roofing: Rolled
  • Construction: Frame - Wood

Garage/Parking

  • Parking: >1 Space Per Unit, Free, Paved Parking
  • Total Parking Spaces: 11.00

Utilities

  • Water: Community Franchise
  • Electric: SRP
  • Cooling: Window/Wall Unit
  • Heating: Individual

Condo/Co-op/Association

  • Community Amenities: See Remarks

Lot Info

  • Lot Size: IRR

Multi Family

  • Efficiency Units Baths: 1
  • Efficiency Units Rent: 395.00
  • Efficiency Units Sq Ft: 381
  • Income And Expenses Adjusted Gross Inc: 42720.00
  • Income And Expenses Annual Ins Exp: 1725.00
  • Income And Expenses Annual Trash Exp: 534.00
  • Income And Expenses Annual Water Sewer Exp: 1084.00
  • Income And Expenses Gross Annual Sch Inc: 42720.00
  • Income And Expenses Net Operating Income: 37756.00
  • Income And Expenses Operating Exp: 4964.00
  • Income And Expenses Totl Mnth Rntal Inc: 3560.00
  • Number Of Efficiency Units: 4
  • Number Of One Bedroom Units: 4
  • One Bedroom Units Avg Rent: 495.00
  • One Bedroom Units Avg Sq Ft: 513
  • Owner Pays: Trash Collection, Water
  • Tenant Pays: Electric
  • Total Numberof Buildings: 1
  • Total Numberof Units: 8.00

Tax Info

  • Taxes: 1621.00

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
05/01/2012 05/01/12 Sold $235,000 +17.5% $617 / Sq Ft
04/19/2012 04/19/12 Pending -- -- --
12/09/2011 12/09/11 For Sale $200,000 -- $525 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Paul Whittle

    Seller's Agent in 2012

    Paul Whittle

    American Allstar Realty

    (480) 751-5300

    6 in this area

    96 Total Sales

    Paul Whittle
    Section Image

  • D

    Seller Co-Listing Agent in 2012

    Daniel Shenkman

    Keller Williams Realty Phoenix

    Section Image

  • C

    Buyer's Agent in 2012

    Charles Duck

    Blackwing Real Estate

    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4689779

Arizona Regional Multiple Listing Service (ARMLS)

Arizona Pinal County Apache Junction 85120

151 N Palo Verde Dr, Apache Junction, AZ

This home is located at 151 N Palo Verde Dr, Apache Junction, AZ 85120 since 09 December 2011. This property was built in 1985. 151 N Palo Verde Dr is a home located in Pinal County with nearby schools including Four Peaks Elementary School, Cactus Canyon Junior High School, and Apache Junction High 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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