NOT LISTED FOR SALE

2191 W Ohio St Apache Junction, AZ 85120

Estimated Value: $358,000 - $543,000

-- Bed
-- Bath
1,046 Sq Ft
$429/Sq Ft Est. Value

Last Sold July 28, 2023

Last sale price $540,000 $516 Per Sq Ft

Est. 17% decrease in value since last sale

Current estimated payment $2,460/month

5 Days on Market

About This Home

As of July 2023

This listing includes 2 large parcels / (3 homes & 4 mobile homes) 7 buildings total. **CASH FLOW** 2nd parcel located at 2217 W Ohio St (just behind the front lot of 2191)
Front parcel: 2191 has 2 single family homes. Back parcel: 2217 has one single family home & 4 mobile homes, plus one rented RV storage spot. All units are occupied by paying tenants. 3 tenants are guaranteed rent w/government assistance.

Last Listed By

Michael Kent

RE/MAX Solutions License #SA550891000 Listed on: 06/14/2023

RE/MAX Solutions

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,666

Year Built

  • Built in 1960

Lot Details

  • Additional Parcels

Home Design

  • Composition Roof
  • Block Exterior
  • Stucco

Parking

  • 10 Open Parking Spaces
  • 10 Parking Spaces
  • Free Parking
  • RV or Boat Parking

Schools

  • Four Peaks Elementary School - Apache Junction
  • Apache Junction High Middle School
  • Apache Junction High School

Utilities

  • Cooling Available
  • Septic Tank

Listing and Financial Details

  • Tenant pays for electricity, water
  • The owner pays for trash collection, water, sewer
  • Tax Lot 44
  • Assessor Parcel Number 101-03-052

Community Details

Overview

  • 7 Buildings
  • 7 Units
  • Building Dimensions are 26,250
  • Cayton Subdivision

Building Details

  • Operating Expense $9,406
  • Gross Income $75,078
  • Net Operating Income $67,994

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,666

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Cross Street: University and Delaware
  • Legal Info Range: 08E
  • Property Type: Multiple Dwellings
  • Zoning: (04-02) RENTAL
  • Number Of Buildings: 7
  • Ownership: Fee Simple
  • Year Built: 1960
  • Tax Year: 2022
  • Road Surface Type: Gravel, Asphalt
  • Subdivision Name: CAYTON SUBDIVISION
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:Other (See Remarks)56: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Stucco, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: Free, RV/Boat Parking, >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 10.0
  • Total Parking Spaces: 10.0
  • General Property Description:Uncvrd Parking Spcs: 10.0
  • General Property Description:Total Parking Spcs: 10.0
  • Parking:Free: Yes
  • Parking:_greater_1 Space Per Unit: Yes
  • Exterior Amenities:RVBoat Parking: Yes
  • Parking:RVBoat Parking2: Yes

Utilities

  • Electric: Other (See Remarks)
  • Cooling Y N: Yes
  • Water Source: City Franchise
  • Sewer Septic Tank: Yes
  • Main Cooling Other: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Trash Expense: 3500.0
  • Annual Water Sewer Expense: 540.0

Schools

  • Elementary School: Four Peaks Elementary School - Apache Junction
  • High School: Apache Junction High School
  • Junior High Dist: Apache Junction Unified District
  • Middle Or Junior School: Apache Junction High School

Lot Info

  • Lot Size: 26,250
  • Additional Parcels: Yes
  • Parcel #: 101-03-052

Multi Family

  • Owner Pays: Other, Trash Collection, Water, Sewer
  • Tenant Pays: Electricity, Water
  • Number Of Units Total: 7
  • Annual Gross Income: 75078.0
  • Insurance Expense: 3000.0
  • Maintenance Expense: 500.0
  • Property Net Operating Income: 67994.0
  • Annual Operating Expense: 9406.0
  • Vacancy Allowance Rate: 0.03

Tax Info

  • Tax Annual Amount: 1666.0
  • Tax Book Number: 101.00
  • Tax Lot: 44

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 14, 2023
Closed on
Jul 28, 2023
Sold by
Superstition Investments Residential Ren
Bought by
2191 Ohio Llc
Seller's Agent
Michael Kent
RE/MAX Solutions
Buyer's Agent
Michael Kent
RE/MAX Solutions
List Price
$500,000
Sold Price
$540,000
Premium/Discount to List
$40,000
8%
Total Days on Market
5
Views
12
Current Estimated Value
$449,030

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$90,970
Avg. Annual Appreciation
-9.75%

Purchase Details

Closed on
Apr 4, 2013
Sold by
Jenkins Susan
Bought by
Toledo 3 Llc

Purchase Details

Closed on
Mar 19, 2003
Sold by
Ownby Jerry L
Bought by
Jenkins Susan

Purchase Details

Closed on
Jan 8, 2002
Sold by
Norman Richard
Bought by
Ownby Jerry L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$92,000
Interest Rate
7.01%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 13, 2001
Sold by
Theis William C and Theis Donna J
Bought by
Mgf Funding Inc

Purchase Details

Closed on
Jun 15, 1998
Sold by
Drappo Richie and Drappo Betty
Bought by
Theis William C and Theis Donna J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$52,500
Interest Rate
6.61%

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
2191 Ohio Llc -- --
Superstition Investments Residential Rentals $540,000 American Title Service Agency
Toledo 3 Llc -- None Available
Jenkins Susan $42,062 --
Ownby Jerry L $115,000 Century Title Agency Inc
Mgf Funding Inc $59,330 --
Theis William C -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 2191 Ohio Llc $430,000
Previous Owner Ownby Jerry L $92,000
Previous Owner Theis William C $52,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/28/2023 07/28/23 Sold $540,000 +8.0% $516 / Sq Ft
07/19/2023 07/19/23 Price Changed $500,000 0.0% $478 / Sq Ft
06/20/2023 06/20/23 Pending -- -- --
06/14/2023 06/14/23 For Sale $500,000 -- $478 / 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 $920 $33,571 -- --
2024 $869 $32,873 -- --
2023 $906 $23,425 $5,625 $17,800
2022 $869 $17,557 $5,625 $11,932
2021 $885 $16,075 $0 $0
2020 $862 $12,689 $0 $0
2019 $827 $12,297 $0 $0
2018 $810 $7,704 $0 $0
2017 $789 $7,251 $0 $0
2016 $769 $6,753 $1,294 $5,459
2014 $729 $4,261 $1,294 $2,967
Source: Public Records

Agents Affiliated with this Home

  • Michael Kent

    Seller's Agent in 2023

    Michael Kent

    RE/MAX

    (480) 459-7258

    30 in this area

    414 Total Sales

    Michael Kent
    Section Image
  • Shelly Farley

    Buyer Co-Listing Agent in 2023

    Shelly Farley

    RE/MAX

    (480) 610-6500

    9 in this area

    84 Total Sales

    Shelly Farley
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6568713

Arizona Regional Multiple Listing Service (ARMLS)

APN: 101-03-052

Arizona Pinal County Apache Junction 85120

2191 W Ohio St, Apache Junction, AZ

Homes for Sale in Apache Junction, AZ

This home is located at 2191 W Ohio St, Apache Junction, AZ 85120 since 14 June 2023 and is currently estimated at $449,030, approximately $429 per square foot. This property was built in 1960. 2191 W Ohio St is a home located in Pinal County with nearby schools including Four Peaks 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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