$514,000
SOLD APR 30, 2026

1844 S Monterey Dr Apache Junction, AZ 85120

-- Bed
-- Bath
3,200 Sq Ft
1984 Built

Sale Details

Date Sold: April 30, 2026

$161 Per Sq Ft

2% Below List Price

7 Days on Market

Highlights

  • Cooling Available
  • Forced Air Heating System
  • Wood Siding

About This Home

As of April 2026

Investment opportunity in Apache Junction! This fourplex features four 2-bedroom, 1-bathroom units situated on a spacious lot. While the property requires some TLC, it presents a fantastic chance to add value and generate strong rental income in a growing area. Investors & Owner Occupants Invited. All Facts and Figures Approximate, Buyer to Verify To Their Satisfaction

Last Agent to Sell the Property

Wally Erickson

Erickson Realty Group L.L.C. License #BR523953000 Listed on: 03/28/2026

Last Buyer's Agent

Damian Godoy

My Home Group Real Estate License #BR623758000

My Home Group Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,940

Year Built

  • Built in 1984

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Wood Siding

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces
  • On-Street Parking
  • Off-Street Parking

Schools

  • Apache Junction High School

Utilities

  • Cooling Available
  • Forced Air Heating System
  • Natural Gas Not Available

Listing and Financial Details

  • Tenant pays for water, electricity
  • The owner pays for trash collection
  • Tax Lot 53
  • Assessor Parcel Number 102-22-053

Community Details

Overview

  • 4 Units
  • Building Dimensions are 9941 sq feet
  • Superstition Villa Subdivision

Building Details

  • Operating Expense $1,940
  • Gross Income $46,560
  • Net Operating Income $46,560

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,940

Year Built

Built in 1984

Lot Details

0 Sq Ft Lot

Listing Details

  • Cross Street: Idaho/16th Ave
  • Property Type: Multiple Dwellings
  • Zoning: sfr
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1984
  • Tax Year: 2025
  • Road Surface Type: Asphalt
  • Subdivision Name: SUPERSTITION VILLA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Free-Standing Range, Refrigerator, W/D Hookup

Exterior Features

  • Disclosures: None
  • Construction Type: Wood Frame, Wood Siding
  • Roof: Composition

Garage/Parking

  • Parking Features: On Street, >1 Space Per Unit, Off Street
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 4.0

Utilities

  • Electric: SRP
  • Cooling: Electric
  • Heating: Forced Air
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise

Condo/Co-op/Association

  • Community Features: No Pool

Schools

  • High School: Apache Junction High School
  • Junior High Dist: Apache Junction Unified District

Lot Info

  • Lot Size: 9941 sq feet
  • Additional Parcels: No
  • Parcel #: 102-22-053

Multi Family

  • Owner Pays: Trash Collection
  • Tenant Pays: Water, Electricity
  • Number Of Units Total: 4
  • Annual Gross Income: 46560.0
  • Property Net Operating Income: 46560.0
  • Annual Operating Expense: 1940.0

Tax Info

  • Tax Annual Amount: 1940.0
  • Tax Book Number: 102.0
  • Tax Lot: 53

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 11, 2014
Sold by
Taylor John C and Taylor Jill A
Bought by
Taylor John C and Taylor Jill A

Purchase Details

Closed on
Feb 13, 2004
Sold by
Taylor John A
Bought by
Taylor John A and Taylor Diane S

Purchase Details

Closed on
Mar 3, 1998
Sold by
Taylor Diane
Bought by
Taylor John A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Outstanding Balance
$15,008
Interest Rate
7.11%
Mortgage Type
New Conventional
Estimated Equity
$554,795

Purchase Details

Closed on
Dec 7, 1994
Sold by
Ameriwest Mtg Corp
Bought by
Fairbanks Capital Corp

Purchase Details

Closed on
Dec 6, 1994
Sold by
Fairbanks Capital Corp
Bought by
Waters Kenneth R and Waters Carole L
Source: Public Records
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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
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Warranty Deed $125,000 --
Trustee Deed -- Fidelity National Title Agen
Cash Sale Deed $65,000 First American Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $100,000 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/30/2026 04/30/26 Sold $514,000 -2.5% $161 / Sq Ft
03/28/2026 03/28/26 For Sale $527,000 -- $165 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

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 $1,895 $23,503 -- --
2024 $1,789 $24,433 -- --
2023 $1,866 $18,242 $0 $0
2022 $1,789 $17,208 $5,964 $11,244
2021 $1,822 $17,342 $0 $0
2020 $1,775 $16,990 $0 $0
2019 $1,703 $16,805 $0 $0
2018 $1,668 $11,432 $0 $0
2017 $1,624 $11,576 $0 $0
2016 $1,584 $11,287 $1,100 $10,187
2014 $1,501 $8,776 $1,100 $7,676
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 7005702

Arizona Regional Multiple Listing Service (ARMLS)

APN: 102-22-053

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