NOT LISTED FOR SALE

1515 E 26th Ln Apache Junction, AZ 85119

Estimated Value: $567,000 - $612,000

Studio
-- Bath
2,688 Sq Ft
$220/Sq Ft Est. Value

Sale Details

Date Sold: September 9, 2021

Last sale price $530,000 $197 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $3,763 / mo

2 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Heating Available

About This Home

As of September 2021

Super rare find in prime location that has already has some updating completed like new windows in 3 units and much more. Two bedroom one bath units collecting approximately $897 pro-forma $1,050-$1,100. This is a great value add opportunity! The tenants pay all utilities and all units are individually metered for water and electric. This income producing property has been well maintained with pride in ownership. Fenced in yard and private carport makes this a dream property for tenants. The interior has tile and newer vinyl plank flooring, washer and dryers with hook ups, storage units. Desirable location close to freeway access and in a prime area for new future development. Do not disturb tenants. Interior access only after accepted contract. Buyer to verify all facts and figures.

Last Agent to Sell the Property

Gilbert Moreno

HomeSmart License #SA646661000 Listed on: 07/21/2021

HomeSmart

Last Buyer's Agent

Brooke Beasley

EveryPlace License #SA683648000

EveryPlace

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,257

Year Built

  • Built in 1984

Lot Details

  • 9,801

Home Design

  • Wood Frame Construction
  • Foam Roof
  • Stucco

Flooring

  • Ceramic Tile
  • Vinyl

Parking

  • 8 Open Parking Spaces
  • 12 Parking Spaces
  • Carport

Schools

  • Cactus Canyon Junior High
  • Apache Junction High School

Utilities

  • Cooling Available
  • Heating Available
  • Private Water Source
  • Septic Tank

Listing and Financial Details

  • Tax Lot 1694
  • Assessor Parcel Number 102-27-193

Community Details

Overview

  • 4 Units
  • Building Dimensions are 9817
  • Palm Springs Unit 15 Subdivision

Building Details

  • Operating Expense $4,072
  • Gross Income $40,914
  • Net Operating Income $40,252

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,257

Year Built

Built in 1984

Lot Details

9,801 Sq Ft Lot

Listing Details

  • Cross Street: Tomahawk and US 60
  • Legal Info Range: 08E
  • Property Type: Multiple Dwellings
  • Zoning: Multi
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1984
  • Tax Year: 2020
  • Road Surface Type: Gravel, Dirt, Asphalt
  • Subdivision Name: PALM SPRINGS UNIT 15
  • Construction:Wood Frame: Yes
  • Water Source Private14: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile, Vinyl
  • Appliances: Free-Standing Range, Disposal, Dishwasher, Refrigerator, Washer/Dryer, W/D Hookup
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Wood Frame, Painted, Stucco
  • Roof: Foam

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Carport
  • Attached Garage: No
  • Open Parking Spaces: 8.0
  • Total Parking Spaces: 12.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 8.0
  • General Property Description:Total Parking Spcs: 12.0
  • Parking Features:Carport: Yes

Utilities

  • Electric: SRP
  • Cooling: Electric
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Private
  • Heating:Electric: Yes
  • Sewer Septic Tank: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Unfurnished: Yes

Schools

  • 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: 9817
  • Additional Parcels: No
  • Parcel #: 102-27-193

Multi Family

  • Owner Pays: None
  • Number Of Units Total: 4
  • Annual Gross Income: 40913.65
  • Insurance Expense: 1015.0
  • Maintenance Expense: 1600.0
  • Property Net Operating Income: 40252.0
  • Annual Operating Expense: 4072.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1257.0
  • Tax Book Number: 102.00
  • Tax Lot: 1694
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 Prior Sale
09/09/2021 09/09/21 Sold $530,000 -1.9% $197 / Sq Ft
07/23/2021 07/23/21 Pending -- -- --
07/21/2021 07/21/21 For Sale $540,000 +80.0% $201 / Sq Ft
08/26/2019 08/26/19 Sold $300,000 -1.6% $112 / Sq Ft View Prior Sale
07/14/2019 07/14/19 Price Changed $304,900 -1.0% $113 / Sq Ft
07/09/2019 07/09/19 For Sale $308,000 -- $115 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6267470

Arizona Regional Multiple Listing Service (ARMLS)

APN: 102-27-193

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