NOT LISTED FOR SALE

Estimated Value: $548,561

Studio
3 Baths
1,570 Sq Ft
$349/Sq Ft Est. Value

Sale Details

Date Sold: April 4, 2022

Last sale price $615,000 $392 Per Sq Ft

Est. 11% decrease in value since last sale

Current estimated payment $3,136 / mo

5 Days on Market

Highlights

  • RV Access or Parking
  • Breakfast Bar
  • Outdoor Storage
  • Cooling System Mounted To A Wall/Window
  • Ceramic Tile Flooring
  • Central Heating and Cooling System

About This Home

As of April 2022

Great opportunity for investors Beautifully maintained 4-plex property located in Apache Junction on a 1/2 acre lot. All units come with ceramic tile, a neutral palette, and a fully equipped kitchen including a breakfast bar and cabinetry space. Main House has a Brand New AC (previously used window units). Extra Huge Storage Shed that can allow to increase rents or add units there is so much room for parking and covered patios for relaxing mornings or sunsets. Easy to rent. Don't let this incredible opportunity slip by! Come take a look today!

Last Agent to Sell the Property

Ruby Threlkel

Delex Realty License #SA676228000 Listed on: 02/03/2022

Delex Realty

Last Buyer's Agent

Christopher Paul

Realty ONE Group License #BR526805000

Realty ONE Group
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,426

Year Built

  • Built in 1954

Lot Details

  • Partially Fenced Property
  • Desert Landscape

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Block Exterior
  • Siding

Interior Spaces

  • Ceiling Fan
  • Ceramic Tile Flooring
  • Fire and Smoke Detector
  • Breakfast Bar

Parking

  • 6 Open Parking Spaces
  • 7 Parking Spaces
  • 1 Covered Space
  • Parking Available
  • Additional Parking
  • On-Street Parking
  • RV Access or Parking

Outdoor Features

  • Outdoor Storage

Schools

  • Cactus Canyon Junior High
  • Apache Junction High School

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Heating and Cooling System
  • Air Source Heat Pump
  • Window Unit Heating System
  • Natural Gas Not Available
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for water, sewer, electricity, trash collection
  • Tax Lot 12
  • Assessor Parcel Number 101-10-121

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Building Dimensions are 22029
  • Grand View Place Subdivision

Building Details

  • Operating Expense $56,724
  • Gross Income $43,700
  • Net Operating Income $43,700

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,426

Year Built

Built in 1954

Lot Details

0 Sq Ft Lot

Listing Details

  • Cross Street: Apache Trail & Meridian Dr
  • Property Type: Multiple Dwellings
  • Zoning: CR3
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1954
  • Tax Year: 2021
  • Road Surface Type: Asphalt
  • Professional Management Expense: 3500.0
  • Subdivision Name: GRAND VIEW PLACE
  • Const - Finish:Const - Finish: Painted, Siding
  • Cooling:Cooling: Central Air, Heat Pump, Window/Wall Unit, Ceiling Fan(s)
  • Road Surface Type:Road Surface Type: Asphalt
  • Electric:Electric: SRP
  • Special:Special: Owner/Agent
  • Sale Includes:Sale Includes: Land & Building
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: Refrigerator, Other
  • Interior Features:Interior Features: Unfurnished, Fire/Smoke Alarm(s), Breakfast Bar

Exterior Features

  • Disclosures: None
  • Construction Type: Block, Wood Frame, Painted, Siding
  • Roof: Composition
  • Exterior Amenities: Curb(s) & Gutter(s), Desert Landscaping, Partially Fenced, RV/Boat Parking, Cable TV Available, Separate Storage

Garage/Parking

  • Total Covered Spaces: 1.0
  • Parking Features: 1 Space/Unit, Other, On Street, RV Access/Parking
  • Attached Garage: No
  • Open Parking Spaces: 6.0
  • Total Parking Spaces: 7.0
  • Parking Features:Parking Features: 1 Space/Unit, Other, On Street, Add'l Parking Avail, RV Access/Parking

Utilities

  • Electric: SRP
  • Cooling: Central Air, Heat Pump, Window/Wall Unit, Ceiling Fan(s)
  • Heating: Electric, Heat Pump, Central, Window/Wall Unit(s)
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Gas:Gas: None

Condo/Co-op/Association

  • Community Features: No Pool

Fee Information

  • Trash Expense: 1200.0
  • Annual Water Sewer Expense: 600.0

Schools

  • High School: Apache Junction High School
  • Junior High Dist: Apache Junction Unified District
  • Middle Or Junior School: Cactus Canyon Junior High

Lot Info

  • Lot Size: 22029
  • Additional Parcels: No
  • Parcel #: 101-10-121

Multi Family

  • Owner Pays: Water, Sewer, Electricity, Trash Collection, See Remarks
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 4
  • Electric Expense: 1000.0
  • Annual Gross Income: 43700.0
  • Insurance Expense: 1318.0
  • Maintenance Expense: 1000.0
  • Property Net Operating Income: 43700.0
  • Annual Operating Expense: 56724.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1426.0
  • Tax Book Number: 101.0
  • Tax Lot: 12

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 3, 2022
Closed on
Feb 28, 2022
Sold by
Bought by
Seller's Agent
Ruby Threlkel
Delex Realty
Buyer's Agent
Christopher Paul
Realty ONE Group
List Price
$615,000
Sold Price
$615,000
Current Estimated Value
$548,561

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$66,439
Avg. Annual Appreciation
-2.61%
Original Mortgage
$300,000
Outstanding Balance
$275,194
Interest Rate
3.92%
Mortgage Type
New Conventional
Estimated Equity
$273,367

Purchase Details

Listed on
Nov 10, 2020
Closed on
Apr 14, 2021
Sold by
Bought by
Seller's Agent
Dallin Wright
Incyte Realty, LLC
Buyer's Agent
Alberto Ceja Santiago
Delex Realty
List Price
$400,000
Sold Price
$400,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
55.81%
Original Mortgage
$420,000
Interest Rate
3%
Mortgage Type
Commercial

Purchase Details

Listed on
Nov 10, 2020
Closed on
Apr 5, 2021
Sold by
Bought by
Seller's Agent
Dallin Wright
Incyte Realty, LLC
Buyer's Agent
Alberto Ceja Santiago
Delex Realty
List Price
$400,000
Sold Price
$400,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$420,000
Interest Rate
3%
Mortgage Type
Commercial

Purchase Details

Listed on
Nov 10, 2020
Closed on
Mar 25, 2021
Sold by
Bought by
Seller's Agent
Dallin Wright
Incyte Realty, LLC
Buyer's Agent
Alberto Ceja Santiago
Delex Realty
List Price
$400,000
Sold Price
$400,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$420,000
Interest Rate
3%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 24, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$216,000
Interest Rate
8.99%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 25, 2001
Sold by
Bought by

Purchase Details

Closed on
Aug 9, 2001
Sold by
Bought by

Purchase Details

Closed on
Apr 2, 1999
Sold by
Bought by

Purchase Details

Closed on
Mar 10, 1999
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Apache Junction, AZ

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$615,000 Roc Title
-- Great American Title
$400,000 None Listed On Document
$400,000 Great American Ttl Agcy Inc
$240,000 --
-- --
$118,000 Fidelity National Title Agen
-- Fidelity National Title Agen
$87,000 Ati Title Agency
-- Ati Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $300,000
Previous Owner $420,000
Previous Owner $216,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/04/2022 04/04/22 Sold $615,000 0.0% $392 / Sq Ft
02/06/2022 02/06/22 Pending -- -- --
02/01/2022 02/01/22 For Sale $615,000 +53.8% $392 / Sq Ft
04/15/2021 04/15/21 Sold $400,000 0.0% $255 / Sq Ft View Prior Sale
03/31/2021 03/31/21 For Sale $400,000 0.0% $255 / Sq Ft
02/25/2021 02/25/21 Price Changed $400,000 +3.9% $255 / Sq Ft
11/02/2020 11/02/20 For Sale $385,000 -- $245 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $1,483 $28,618
2024 $1,460 $28,572
2023 $1,460 $20,514 $3,300 $17,214
2022 $1,400 $15,137 $3,300 $11,837
2021 $1,426 $12,535 $0 $0
2020 $1,389 $10,967 $0 $0
2019 $1,333 $10,650 $0 $0
2018 $1,305 $9,913 $0 $0
2017 $1,271 $9,096 $0 $0
2016 $1,240 $8,826 $2,530 $6,296
2014 $1,174 $6,867 $2,530 $4,337
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6349633

Arizona Regional Multiple Listing Service (ARMLS)

APN: 101-10-121

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