$500,000
UNDER CONTRACT $60K PRICE DROP

Estimated payment $2,856/month

Total Views 10,948
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

About This Home

Excellent investment opportunity with strong cash flow potential. This triplex features three well-designed 2-bdm, 1-bath units, each offering an indoor laundry room, private outdoor storage, & covered parking. Two of the three units have been remodeled, providing immediate value with additional upside through renovation of the remaining unit to increase rents. All units are individually metered for water & electricity -keeping operating expenses low. The property is ideally located near the US 60 freeway with convenient access to shopping & dining. Nearby outdoor amenities include hiking, biking, golfing, the Salt River, & local lakes, enhancing tenant appeal. Rent potential for this area is $1,100-$1,400. Buyer to verify all facts, figures and schools.

Listing Agent

Nicky Hughes

Cactus Rose Realty License #BR580118000 Listed on: 01/19/2026

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,580

Year Built

  • Built in 1983

Home Design

  • Wood Frame Construction
  • Stucco

Interior Spaces

  • Ceiling Fan

Parking

  • 6 Open Parking Spaces
  • 11 Parking Spaces
  • 5 Covered Spaces

Schools

  • Cactus Canyon Junior High
  • Apache Junction High School

Utilities

  • Central Heating and Cooling System
  • Heat Pump System
  • Natural Gas Not Available

Listing and Financial Details

  • Tax Lot 1720
  • Assessor Parcel Number 102-27-219

Community Details

Overview

  • 3 Units
  • Building Dimensions are 9900
  • Palm Springs Unit 15 Subdivision

Building Details

  • Operating Expense $1,580
  • Gross Income $41,040
  • Net Operating Income $39,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,580

Year Built

Built in 1983

Lot Details

0 Sq Ft Lot

Listing Details

  • Cross Street: Tomahawk & US 60
  • Property Type: Multiple Dwellings
  • Zoning: CR-5
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1983
  • Tax Year: 2025
  • Road Surface Type: Asphalt
  • Subdivision Name: PALM SPRINGS UNIT 15
  • Const - Finish:Const - Finish: Stucco
  • Cooling:Cooling: Central Air, Electric, 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: UnderContract
  • Property Sub Type: MultiFamily

Interior Features

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

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 5.0
  • Parking Features: Other
  • Attached Garage: No
  • Open Parking Spaces: 6.0
  • Total Parking Spaces: 11.0
  • Parking Features:Parking Features: Other

Utilities

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

Condo/Co-op/Association

  • Community Features: No Pool

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: 9900
  • Additional Parcels: No
  • Parcel #: 102-27-219

Multi Family

  • Owner Pays: None
  • Tenant Pays: Water, Electricity, Trash Collection
  • Number Of Units Total: 3
  • Annual Gross Income: 41040.0
  • Property Net Operating Income: 39800.0
  • Annual Operating Expense: 1580.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1580.0
  • Tax Book Number: 102.0
  • Tax Lot: 1720

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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 $1,543 $31,912
2024 $1,456 $32,105
2023 $1,519 $22,305 $0 $0
2022 $1,456 $13,171 $2,970 $10,201
2021 $1,483 $10,901 $0 $0
2020 $1,445 $10,845 $0 $0
2019 $1,387 $10,831 $0 $0
2018 $1,358 $9,328 $0 $0
2017 $1,322 $9,227 $0 $0
2016 $1,290 $9,214 $1,500 $7,714
2014 $1,177 $7,144 $1,500 $5,644
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
06/04/2026 06/04/26 Price Changed $500,000 -3.8% --
03/03/2026 03/03/26 Price Changed $520,000 -7.1% --
01/19/2026 01/19/26 For Sale $560,000 -- --
Source: Arizona Regional Multiple Listing Service (ARMLS)

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 Type Sale Price Title Company
Quit Claim Deed -- --
Warranty Deed $121,000 Fidelity National Title Agen
Joint Tenancy Deed $110,000 Old Republic Title Agency
Warranty Deed -- --
Interfamily Deed Transfer -- --
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 Loan Amount Loan Type
Previous Owner $108,900 Unknown
Previous Owner $77,000 New Conventional
Source: Public Records

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6971413

Arizona Regional Multiple Listing Service (ARMLS)

APN: 102-27-219

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