NOT LISTED FOR SALE

1548 E 28th Ave Apache Junction, AZ 85119

Estimated Value: $549,000 - $603,737

-- Bed
-- Bath
3,360 Sq Ft
$174/Sq Ft Est. Value

Last Sold September 01, 2021

Last sale price $535,000 $159 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $3,371/month

6 Days on Market

Highlights

  • 6 Car Attached Garage
  • Ceramic Tile Flooring
  • Ceiling Fan
  • Multiple cooling system units
  • Central Heating and Cooling System

About This Home

As of September 2021

Turnkey Fourplex, 100% Occupied, Good Cash Flow, and Plenty of Room to Increase Rents. Tenants Pay Electric and Water. Super for Investor or Owner Occupant. Owner made many improvements: Roof & Exterior Paint 2019, 2 Units Interior Paint 2020, Several New Appliances 2020, Leach Field 2021,Kitchen remodel Unit 4 2021 Luxury vinyl Unit 2 2021. Located Near Recreation, Lakes, Mountains for Hiking and More. Buyer to Verify to Their Satisfaction, All Figures based on two year average of expenses.

Last Listed By

Gina McKinley

Realty ONE Group License #BR510435000 Listed on: 07/21/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,450

Year Built

  • Built in 1981

Lot Details

  • 9,757

Home Design

  • Wood Frame Construction
  • Built-Up Roof
  • Stucco

Interior Spaces

  • Ceiling Fan

Flooring

  • Carpet
  • Ceramic Tile
  • Vinyl

Parking

  • 6 Car Attached Garage
  • 2 Open Parking Spaces
  • Carport
  • Over 1 Space Per Unit
  • On-Street Parking

Schools

  • Peralta Trail Elementary School
  • Apache Elementary Middle School

Utilities

  • Multiple cooling system units
  • Central Heating and Cooling System
  • Multiple Heating Units
  • Heat Pump System
  • Private Water Source

Listing and Financial Details

  • The owner pays for trash collection
  • Tax Lot 1638
  • Assessor Parcel Number 102-27-137

Community Details

Overview

  • 4 Units
  • Building Dimensions are 90' x 109'
  • Palm Springs Unit 15 Subdivision

Building Details

  • Operating Expense $3,785
  • Gross Income $34,571
  • Net Operating Income $30,395

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,450

Year Built

Built in 1981

Lot Details

0

Listing Details

  • Cross Street: Tomahawk & Southern
  • Legal Info Range: 08E
  • Property Type: Multiple Dwellings
  • Zoning: CR-5
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1981
  • Tax Year: 2020
  • Directions: S on Tomahawk, E. on 28th
  • Road Surface Type: Asphalt
  • Subdivision Name: PALM SPRINGS UNIT 15
  • Cooling:Central Air: Yes
  • Construction:Wood Frame: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, 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: Seller Prop Disc Stm
  • Construction Type: Wood Frame, Painted, Stucco
  • Roof: Built-Up

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Add'l Parking Avail, Attached, >1 Space Per Unit, On Street, Carport
  • Attached Garage: Yes
  • Open Parking Spaces: 2.0
  • Total Parking Spaces: 6.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking Features:Carport: Yes
  • Parking Features:Attached: Yes

Utilities

  • Electric: SRP, Submetered System
  • Cooling: Central Air, Ceiling Fan(s), 2 or More Units
  • Heating: Central, Heat Pump, 2 or More Units, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Private
  • Heating:Electric: Yes
  • Heating:Heat Pump2: Yes
  • Heating:Central: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Cable TV Available: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Vertical Blinds2: Yes

Fee Information

  • Trash Expense: 370.0

Schools

  • Elementary School: Peralta Trail Elementary School
  • Junior High Dist: Apache Junction Unified District
  • Middle Or Junior School: Apache Elementary School (Douglas)

Lot Info

  • Lot Size: 90' x 109'
  • Additional Parcels: No
  • Parcel #: 102-27-137

Multi Family

  • Owner Pays: Other, See Remarks, Trash Collection
  • Number Of Units Total: 4
  • Annual Gross Income: 34570.8
  • Insurance Expense: 1615.0
  • Maintenance Expense: 350.0
  • Property Net Operating Income: 30395.0
  • Annual Operating Expense: 3785.0
  • Vacancy Allowance Rate: 0.01

Tax Info

  • Tax Annual Amount: 1450.0
  • Tax Book Number: 102.00
  • Tax Lot: 1638

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 21, 2021
Closed on
Aug 12, 2021
Sold by
Mckinley Daniel F and Mckinley Gina H
Bought by
Dak Properties Llc
Seller's Agent
Gina McKinley
Realty ONE Group
Buyer's Agent
Tina Erwin
West USA Realty
List Price
$540,000
Sold Price
$535,000
Premium/Discount to List
-$5,000
-0.93%
Total Days on Market
6
Current Estimated Value
$584,684

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$49,684
Avg. Annual Appreciation
2.43%

Purchase Details

Listed on
Jan 18, 2019
Closed on
Mar 26, 2019
Sold by
Rc Mortensen Homes Llc
Bought by
Mckinley Daniel F and Mckinley Gina H
Seller's Agent
Autumn Mortensen
DPR Realty LLC
Buyer's Agent
Gina McKinley
Realty ONE Group
List Price
$319,500
Sold Price
$303,000
Premium/Discount to List
-$16,500
-5.16%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
26.48%
Original Mortgage
$159,000
Interest Rate
4.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 7, 2018
Sold by
Mortensen Russell K and Mortensen Charlayne
Bought by
Rc Mortensen Homes Llc

Purchase Details

Closed on
May 25, 2005
Sold by
Webb Kelly R and Webb Michelle
Bought by
Mortensen Russell and Mortensen Charlayne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$195,755
Interest Rate
6.37%
Mortgage Type
Unknown

Purchase Details

Closed on
Oct 22, 1997
Sold by
Fraker Bonnie G
Bought by
Webb Kelly R and Webb Michelle

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
7.26%

Purchase Details

Closed on
Nov 14, 1995
Sold by
Snap Z
Bought by
Fraker Bonnie G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$54,000
Interest Rate
7.58%

Purchase Details

Closed on
Dec 28, 1994
Sold by
Vantress Ira K and Vantress Barbara J
Bought by
Z Snap Inc

Purchase Details

Closed on
Dec 1, 1994
Sold by
Vantress Paul B and Vantress Maureen H
Bought by
Vantress Ira K and Vantress Barbara J

Range of Values:

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Average Value
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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
Dak Properties Llc $535,000 Lawyers Title Of Arizona Inc
Mckinley Daniel F $303,000 Lawyers Title Of Arizona Inc
Rc Mortensen Homes Llc -- None Available
Mortensen Russell $245,000 First American Title Ins Co
Webb Kelly R $130,000 Ati Title Agency
Fraker Bonnie G -- --
Z Snap Inc $120,000 First American Title
Vantress Ira K -- First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mckinley Daniel F $159,000
Previous Owner Mortensen Russell $17,000,000
Previous Owner Mortensen Russell $195,755
Previous Owner Webb Kelly R $118,000
Previous Owner Webb Kelly R $117,000
Previous Owner Fraker Bonnie G $54,000
Closed Z Snap Inc $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/01/2021 09/01/21 Sold $535,000 -0.9% $159 / Sq Ft
07/27/2021 07/27/21 Pending -- -- --
07/21/2021 07/21/21 For Sale $540,000 +78.2% $161 / Sq Ft
04/01/2019 04/01/19 Sold $303,000 -5.2% $90 / Sq Ft
03/10/2019 03/10/19 Pending -- -- --
02/25/2019 02/25/19 For Sale $319,500 0.0% $95 / Sq Ft
02/12/2019 02/12/19 Pending -- -- --
01/18/2019 01/18/19 For Sale $319,500 -- $95 / 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 $1,548 $21,117 -- --
2024 $1,461 $21,026 -- --
2023 $1,524 $14,251 $2,932 $11,319
2022 $1,461 $21,409 $2,932 $18,477
2021 $1,488 $20,200 $0 $0
2020 $1,450 $16,187 $0 $0
2019 $1,391 $15,455 $0 $0
2018 $1,362 $9,830 $0 $0
2017 $1,326 $9,490 $0 $0
2016 $1,294 $9,099 $1,100 $7,999
2014 $1,225 $7,166 $1,100 $6,066
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6267918

Arizona Regional Multiple Listing Service (ARMLS)

APN: 102-27-137