$303,000
SOLD APR 1, 2019

1548 E 28th Ave Apache Junction, AZ 85119

-- Bed
-- Bath
3,360 Sq Ft
9,757 Sq Ft Lot

Recently Sold

$90 Per Sq Ft

5% Below List Price

51 Days on Market

Highlights

  • Cooling Available
  • Ceiling Fan
  • Individual Controls for Heating
  • Ceramic Tile Flooring

About This Home

As of September 2021

Best cash flow in the area! Well kept, single level 4-plex is always rented. 4 units all 2 bedroom/1 bathroom, 839 sq feet. Low overhead with tenant paying water and electric. Units are EASY to rent because of open floorplan, WD hookup inside unit, tile, private yards and convenient parking. Current rents 1@$700, 3@$600. Low taxes and maintenance. 3/4 units have tile throughout. 1 brand new AC unit, 2 units less than 10 years old. Flat roof was redone in 2005 & has no leaks. Carport roofs redone 2016. Convenient location to freeway. Drive by only. Do not disturb tenants. View inside after accepted contract. Fully occupied. See document tab for rent rolls and SPDS.

Last Agent to Sell the Property

Autumn Mortensen

DPR Realty LLC License #SA534863000 Listed on: 01/18/2019

DPR Realty LLC

Last Buyer's Agent

Gina McKinley

Realty ONE Group License #BR510435000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,362

Year Built

  • Built in 1981

Home Design

  • Wood Frame Construction
  • Stucco

Interior Spaces

  • Ceiling Fan

Flooring

  • Carpet
  • Ceramic Tile

Parking

  • 2 Open Parking Spaces
  • 6 Parking Spaces
  • 4 Covered Spaces
  • Common or Shared Parking
  • On-Street Parking

Utilities

  • Cooling Available
  • Individual Controls for Heating
  • Septic Tank

Listing and Financial Details

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

Community Details

Overview

  • 4 Units
  • Building Dimensions are 90x109
  • Palm Springs Unit 15 Subdivision

Building Details

  • Operating Expense $5,543
  • Gross Income $30,000
  • Net Operating Income $25,819

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,362

Year Built

Built in 1981

Lot Details

0

Listing Details

  • Cross Street: Tomahawk and US 60
  • Legal Info Range: 08E
  • Property Type: Multiple Dwellings
  • Zoning: CR-5
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1981
  • Tax Year: 2018
  • Directions: North on Tomahawk, West on 28th Ave
  • Road Surface Type: Gravel, Dirt, 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, W/D Hookup
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: Rolled/Hot Mop
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: >1 Space Per Unit, Street Parking, Common
  • Attached Garage: No
  • 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:Carport: Yes
  • Parking:Street Parking: Yes
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

  • Electric: SRP, Individual Meter
  • Cooling: Ceiling Fan(s), Electric
  • Heating: Individual, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Private Franchise, Individual Meter
  • Heating:Electric: Yes
  • Sewer Septic Tank: Yes
  • Heating:Individual: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes

Fee Information

  • Trash Expense: 865.0

Schools

  • Junior High Dist: Apache Junction Unified District

Lot Info

  • Lot Size: 90x109
  • Additional Parcels: No
  • Parcel #: 102-27-137

Multi Family

  • Owner Pays: Trash Collection
  • Tenant Pays: Electricity, Water
  • Number Of Units Total: 4
  • Annual Gross Income: 30000.0
  • Insurance Expense: 1516.0
  • Maintenance Expense: 1800.0
  • Property Net Operating Income: 25819.0
  • Annual Operating Expense: 5543.0

Tax Info

  • Tax Annual Amount: 1362.0
  • 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%
Current Estimated Value
$583,348

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$48,348
Avg. Annual Appreciation
2.30%

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
Source: Public Records

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 Type Sale Price Title Company
Warranty Deed $535,000 Lawyers Title Of Arizona Inc
Warranty Deed $303,000 Lawyers Title Of Arizona Inc
Quit Claim Deed -- None Available
Warranty Deed $245,000 First American Title Ins Co
Warranty Deed $130,000 Ati Title Agency
Warranty Deed -- --
Warranty Deed $120,000 First American Title
Warranty Deed -- First American Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $159,000 New Conventional
Previous Owner $17,000,000 New Conventional
Previous Owner $195,755 Unknown
Previous Owner $118,000 Unknown
Previous Owner $117,000 No Value Available
Previous Owner $54,000 No Value Available
Closed $0 No Value Available
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: 5869815

Arizona Regional Multiple Listing Service (ARMLS)

APN: 102-27-137