NOT LISTED FOR SALE

1548 E 26th Ln Apache Junction, AZ 85119

Estimated Value: $445,000 - $466,352

-- Bed
-- Bath
2,400 Sq Ft
$191/Sq Ft Est. Value

Last Sold September 09, 2024

Last sale price $440,370 $183 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $2,542/month

3 Days on Market

Highlights

  • Multiple cooling system units
  • Ceiling Fan
  • Heat Pump System
  • Ceramic Tile Flooring

About This Home

As of September 2024

INVESTORS ONLY. This triplex presents an excellent investment opportunity for investors. The property is fully rented with long-term tenants under formal leases. Each single-level unit features two bedrooms, one bathroom and its own fenced yard. Located in a desirable rental area, it offers convenient access to mass transit, shopping and freeways. Tenants are responsible for their electricity and water bills, while the owner covers the trash service. Prospective buyers are advised to verify all information independently. Please do not disturb the tenants; drive-by viewings only. Access for inspections and appraisals will be provided once the property is under contract. This is a great investment opportunity with stable, long-term tenants ensuring consistent rental income. Septic pumped on 07-25-24.

Last Agent to Sell the Property

Jennifer Bell

Lux Home Realty Brokerage Email: jbell@luxhomerealtyaz.com License #BR552530000 Listed on: 07/28/2024

Last Buyer's Agent

Andrea Francis

West USA Realty License #BR654187000

West USA Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,396

Year Built

  • Built in 1984

Lot Details

  • 9,801

Home Design

  • Built-Up Roof
  • Foam Roof
  • Block Exterior

Flooring

  • Carpet
  • Ceramic Tile

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces
  • On-Street Parking

Utilities

  • Multiple cooling system units
  • Heat Pump System
  • Septic Tank

Additional Features

  • Ceiling Fan
  • Property fronts an alley

Listing and Financial Details

  • Tenant pays for electricity, water
  • The owner pays for trash collection, sewer
  • Tax Lot 1698
  • Assessor Parcel Number 102-27-197

Community Details

Overview

  • 3 Buildings
  • 3 Units
  • Building Dimensions are 9806
  • Palm Springs Unit 15 Subdivision

Building Details

  • Operating Expense $5,645
  • Gross Income $28,920
  • Net Operating Income $22,975

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,396

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Cross Street: Tomahawk Rd. & 26th Ln.
  • Legal Info Range: 08E
  • Property Type: Multiple Dwellings
  • Zoning: TRIPLEX
  • Number Of Buildings: 3
  • Ownership: Fee Simple
  • Year Built: 1984
  • Tax Year: 2023
  • Directions: From the US 60, North on Tomahawk Rd., West on 26th Ln. Triplex will be on the North side of the road.
  • Attribution Contact: jbell@luxhomerealtyaz.com
  • Road Frontage Type: Alley
  • Road Surface Type: Asphalt
  • Subdivision Name: PALM SPRINGS UNIT 15
  • Cooling:Ceiling Fan(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile
  • Appliances: F/S Oven/Range, Microwave, Washer/Dryer
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Block
  • Roof: Built-Up, Foam
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: >1 Space Per Unit, Street Parking
  • Attached Garage: No
  • Open Parking Spaces: 6.0
  • Total Parking Spaces: 6.0
  • General Property Description:Uncvrd Parking Spcs: 6.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking:Street Parking: Yes
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

  • Electric: SRP
  • Cooling: 2 or More Units, Electric, Ceiling Fan(s)
  • Heating: Heat Pump, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Sewer Septic Tank: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes

Fee Information

  • Trash Expense: 389.0

Schools

  • Junior High Dist: Apache Junction Unified District

Lot Info

  • Lot Size: 9806
  • Additional Parcels: No
  • Parcel #: 102-27-197

Multi Family

  • Owner Pays: Trash Collection, Sewer
  • Tenant Pays: Electricity, Water
  • Number Of Units Total: 3
  • Annual Gross Income: 28920.0
  • Insurance Expense: 2152.0
  • Maintenance Expense: 1708.0
  • Property Net Operating Income: 22975.0
  • Annual Operating Expense: 5645.0

Tax Info

  • Tax Annual Amount: 1396.0
  • Tax Book Number: 102.00
  • Tax Lot: 1698

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 28, 2024
Closed on
Oct 3, 2024
Sold by
Wilcox Isabelle and Souza Robson
Bought by
Ris Properties Llc
Seller's Agent
Jennifer Bell
Lux Home Realty
Buyer's Agent
Andrea Francis
West USA Realty
List Price
$450,000
Sold Price
$440,370
Premium/Discount to List
-$9,630
-2.14%
Current Estimated Value
$458,838

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$18,468
Avg. Annual Appreciation
4.03%
Original Mortgage
$330,277
Interest Rate
6.47%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 28, 2024
Closed on
Aug 2, 2024
Sold by
Tang Zhizhong and Zhang Sushu
Bought by
Wilcox Isabelle and Souza Robson
Seller's Agent
Jennifer Bell
Lux Home Realty
Buyer's Agent
Andrea Francis
West USA Realty
List Price
$450,000
Sold Price
$440,370
Premium/Discount to List
-$9,630
-2.14%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$330,277
Interest Rate
6.47%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 17, 2018
Closed on
Oct 24, 2018
Sold by
Lininger Jared
Bought by
Tang Zhizhong and Zhang Sushu
Seller's Agent
Frank Bennett Jr
Frank Bennett Realty
Buyer's Agent
Jennifer Bell
Lux Home Realty
List Price
$220,000
Sold Price
$209,000
Premium/Discount to List
-$11,000
-5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.54%
Original Mortgage
$156,750
Interest Rate
4.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 26, 2004
Sold by
Nichols Verna
Bought by
Lininger Jared

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,460
Interest Rate
6.99%
Mortgage Type
Stand Alone First
Source: Public Records

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Ris Properties Llc -- None Listed On Document
Wilcox Isabelle $440,370 First American Title Insurance
Tang Zhizhong $209,000 Title Alliance Of Phoenix Ag
Lininger Jared $139,600 Capital Title Agency Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Wilcox Isabelle $330,277
Previous Owner Wilcox Isabelle $330,277
Previous Owner Tang Zhizhong $234,600
Previous Owner Tang Zhizhong $156,750
Previous Owner Lininger Jared L $165,000
Previous Owner Lininger Jared $125,460
Previous Owner Lininger Jared $125,460
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/09/2024 09/09/24 Sold $440,370 -2.1% $183 / Sq Ft
08/01/2024 08/01/24 Pending -- -- --
07/28/2024 07/28/24 For Sale $450,000 +115.3% $188 / Sq Ft
10/30/2018 10/30/18 Sold $209,000 -5.0% $87 / Sq Ft
09/20/2018 09/20/18 Pending -- -- --
08/17/2018 08/17/18 For Sale $220,000 -- $92 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

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 $1,418 $30,119 -- --
2024 $1,363 $30,307 -- --
2023 $1,396 $20,662 $2,942 $17,720
2022 $1,338 $12,233 $2,942 $9,291
2021 $1,363 $11,967 $0 $0
2020 $1,328 $10,059 $0 $0
2019 $1,274 $9,666 $0 $0
2018 $1,248 $7,980 $0 $0
2017 $1,226 $8,014 $0 $0
2016 $1,196 $8,382 $1,100 $7,282
2014 $1,133 $6,626 $1,100 $5,526
Source: Public Records

Agents Affiliated with this Home

  • Jennifer Bell

    Seller's Agent in 2024

    Jennifer Bell

    Lux Home Realty

    (480) 688-9948

    1 in this area

    51 Total Sales

    Jennifer Bell
    Section Image
  • Andrea Francis

    Buyer's Agent in 2024

    Andrea Francis

    West USA Realty

    (480) 225-4707

    3 in this area

    45 Total Sales

    Andrea Francis
    Section Image

  • F

    Seller's Agent in 2018

    Frank Bennett Jr

    Frank Bennett Realty

    (480) 344-2818

    3 in this area

    98 Total Sales

    Frank Bennett Jr
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6736784

Arizona Regional Multiple Listing Service (ARMLS)

APN: 102-27-197

Arizona Pinal County Apache Junction 85119

1548 E 26th Ln, Apache Junction, AZ

This home is located at 1548 E 26th Ln, Apache Junction, AZ 85119 since 28 July 2024 and is currently estimated at $458,838, approximately $191 per square foot. This property was built in 1984. 1548 E 26th Ln is a home located in Pinal County with nearby schools including Peralta Trail 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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