NOT LISTED FOR SALE

2383 S Apache Dr Apache Junction, AZ 85120

Estimated Value: $407,000 - $741,000

-- Bed
-- Bath
4,644 Sq Ft
$135/Sq Ft Est. Value

Last Sold August 30, 2016

Last sale price $308,000 $66 Per Sq Ft

Est. 103% increase in value since last sale

Current estimated payment $3,675/month

113 Days on Market

About This Home

As of August 2016

Rare find!! This is not your average 4-plex. Super clean 4-plex with no deferred maintenance this one is turn key. Property features huge 2 bedroom 1 1/2 bath 1156 square foot townhouse style units. All units have individual backyards,storage sheds, Covered parking, washer dryer, Tile downstairs, newer AC units, Tenants pay utilities electric, water and trash. Landlord only pays sewer. All facts and figures are approx. buyer to verify to their satisfaction.

Last Listed By

Jim Fowler

Better Homes & Gardens Real Estate SJ Fowler License #BR534149000 Listed on: 04/08/2016

Better Homes & Gardens Real Estate SJ Fowler

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,967

Year Built

  • Built in 1983

Lot Details

  • 10,237

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Foam Roof
  • Block Exterior
  • Stucco

Parking

  • 3 Open Parking Spaces
  • 7 Parking Spaces
  • 4 Covered Spaces
  • Common or Shared Parking

Utilities

  • Cooling Available
  • Heat Pump System

Listing and Financial Details

  • Tenant pays for water
  • The owner pays for sewer
  • Tax Lot 310
  • Assessor Parcel Number 102-22-412

Community Details

Overview

  • 4 Units
  • Building Dimensions are 10234

Building Details

  • Operating Expense $6,987
  • Gross Income $31,920
  • Net Operating Income $24,933

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,967

Year Built

Built in 1983

Lot Details

0

Listing Details

  • Cross Street: Idaho and Southern
  • Legal Info Range: 08E
  • Property Type: Multiple Dwellings
  • Zoning: multi
  • Number Of Buildings: 1
  • Year Built: 1983
  • Tax Year: 2015
  • Directions: Idaho and Southern west to Apache property is on northeast corner of Southern and Apache
  • Road Surface Type: Asphalt
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Disposal: Yes
  • Appliances Included:WD Hookup: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Common
  • Attached Garage: No
  • Open Parking Spaces: 3.0
  • Total Parking Spaces: 7.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 3.0
  • General Property Description:Total Parking Spcs: 7.0
  • Parking:Carport: Yes
  • Parking:Paved Parking: Yes
  • Parking:Assigned: Yes
  • Parking:_less_1 Space Per Unit: Yes

Utilities

  • Electric: SRP
  • Cooling: Heat Pump, Electric
  • Heating: Heat Pump, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Private Franchise
  • Heating:Electric: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Exterior Amenities:Separate Storage: Yes

Lot Info

  • Lot Size: 10234
  • Additional Parcels: No
  • Parcel #: 102-22-412

Multi Family

  • Owner Pays: Sewer
  • Tenant Pays: Water
  • Number Of Units Total: 4
  • Annual Gross Income: 31920.0
  • Insurance Expense: 1000.0
  • Maintenance Expense: 1800.0
  • Property Net Operating Income: 24933.0
  • Annual Operating Expense: 6987.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1967.0
  • Tax Book Number: 102.00
  • Tax Lot: 310

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 6, 2022
Sold by
Radtke Roland A
Bought by
Apache Plex Llc
Total Days on Market
113
Current Estimated Value
$625,469

Purchase Details

Listed on
Apr 8, 2016
Closed on
Aug 24, 2016
Sold by
Ohta Yasuji and Ohta Chisako
Bought by
Radtke Roland A and Radtke Julie A
Seller's Agent
Jim Fowler
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Donald Jackson Jr
Keller Williams Integrity First
List Price
$319,900
Sold Price
$308,000
Premium/Discount to List
-$11,900
-3.72%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.48%
Original Mortgage
$198,000
Interest Rate
3.48%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 2, 2008
Sold by
Us Bank Na
Bought by
Ohta Yasuji and Ohta Chisako

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Interest Rate
6.04%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 14, 2008
Sold by
Skinner Eric
Bought by
U S Bank Na

Purchase Details

Closed on
Oct 27, 2004
Sold by
Gandara Sonia
Bought by
Skinner Eric

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$199,500
Interest Rate
6.5%
Mortgage Type
Unknown

Purchase Details

Closed on
Jan 15, 2004
Sold by
Owen Rosemary B
Bought by
Skinner Eric and Gandara Sonia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$208,000
Interest Rate
8.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 29, 2002
Sold by
Owen Rosemary B
Bought by
Owen Rosemary B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
7.13%

Purchase Details

Closed on
May 12, 1998
Sold by
Corbin John R
Bought by
Owen Rose Mary B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$117,725
Interest Rate
9.75%

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
Apache Plex Llc -- None Listed On Document
Radtke Roland A $308,000 Stewart Title Arizona Agneyc
Ohta Yasuji $250,000 First American Title Ins Co
U S Bank Na $222,898 None Available
Skinner Eric -- Multiple
Skinner Eric $260,000 Stewart Title & Trust
Owen Rosemary B -- First American Title
Owen Rose Mary B $138,500 Ati Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Radtke Roland A $198,000
Previous Owner Ohta Yasuji $171,875
Previous Owner Ohta Yasuji $175,000
Previous Owner Skinner Eric $199,500
Previous Owner Skinner Eric $208,000
Previous Owner Owen Rosemary B $150,000
Previous Owner Owen Rose Mary B $117,725
Closed Skinner Eric $57,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/30/2016 08/30/16 Sold $308,000 -3.7% $66 / Sq Ft
04/08/2016 04/08/16 For Sale $319,900 -- $69 / 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 $2,484 $33,330 -- --
2024 $2,388 $33,953 -- --
2023 $2,445 $26,139 $6,139 $20,000
2022 $2,345 $33,499 $7,367 $26,132
2021 $2,388 $32,550 $0 $0
2020 $2,327 $27,427 $0 $0
2019 $2,232 $27,538 $0 $0
2018 $2,186 $15,703 $0 $0
2017 $2,129 $15,970 $0 $0
2016 $2,076 $15,972 $1,100 $14,872
2014 $1,967 $11,501 $1,100 $10,401
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5425208

Arizona Regional Multiple Listing Service (ARMLS)

APN: 102-22-412