NOT LISTED FOR SALE

268 N Ocotillo Dr Apache Junction, AZ 85120

5 Beds
5 Baths
3,003 Sq Ft
1957 Built

Last Sold December 11, 2020

Last sale price $310,000 $103 Per Sq Ft

37 Days on Market

Highlights

  • Evaporated cooling system
  • Ceramic Tile Flooring
  • Heating Available

About This Home

As of December 2020

Incredible opportunity for investment in Apache Junction. Four single family units in four separate buildings on nearly 3/4 acres of property. Plenty of parking and all have private yards. Great CAP rate over 8% to add to your investment portfolio. One 2 bed/2 bath with bonus room/3rd bedroom. The other 3 units are 1 bedroom/1 bathroom. All well maintained and fully occupied with long-term tenants. Great location with easy access to freeways and lots of shopping and restaurants. Excellent potential for income.

Last Listed By

Jeffry Klein

Keller Williams Arizona Realty License #SA670660000 Listed on: 09/10/2020

Keller Williams Arizona Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,617

Year Built

  • Built in 1957

Home Design

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

Flooring

  • Carpet
  • Concrete
  • Ceramic Tile
  • Vinyl

Parking

  • 5 Open Parking Spaces
  • 8 Parking Spaces
  • 3 Covered Spaces
  • Common or Shared Parking

Schools

  • Cactus Canyon Junior High
  • Apache Junction High School

Utilities

  • Evaporated cooling system
  • Central Air
  • Heating Available
  • Septic Tank

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for trash collection, water
  • Tax Lot 34
  • Assessor Parcel Number 101-03-032

Community Details

Overview

  • 4 Buildings
  • 4 Units
  • Building Dimensions are 0.72 acres / 31,363 sqft
  • Cayton Subdivision

Building Details

  • Operating Expense $6,417
  • Gross Income $32,400
  • Net Operating Income $28,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,617

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Cross Street: Apache Trail / Ironwood
  • Legal Info Range: 08E
  • Property Type: Multiple Dwellings
  • Zoning: GR
  • Number Of Buildings: 4
  • Ownership: Fee Simple
  • Year Built: 1957
  • Tax Year: 2019
  • Directions: From Ironwood travel west on Apache Trail. Right on Ocotillo Dr. Follow to home on your left.
  • Road Surface Type: Gravel, Dirt, Concrete
  • Subdivision Name: Cayton Subdivision
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile, Vinyl, Concrete
  • Appliances: W/D Hookup
  • Appliances Included:WD Hookup: Yes

Exterior Features

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

Garage/Parking

  • Total Covered Spaces: 3.0
  • Parking Features: Add'l Parking Avail, Common
  • Attached Garage: No
  • Open Parking Spaces: 5.0
  • Total Parking Spaces: 8.0
  • General Property Description:Covered Parking Spcs: 3.0
  • General Property Description:Uncvrd Parking Spcs: 5.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking:Carport: Yes
  • Parking:Add_squote_l Parking Avail: Yes

Utilities

  • Electric: SRP, Individual Meter
  • Cooling: Evaporative Cooling, Other, See Remarks, Central A/C
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Private Franchise
  • Heating:Electric: Yes
  • Sewer Septic Tank: Yes
  • Main Cooling Other: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Trash Expense: 900.0
  • Annual Water Sewer Expense: 1500.0

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: 0.72 acres / 31,363 sqft
  • Additional Parcels: No
  • Parcel #: 101-03-032

Multi Family

  • Owner Pays: Trash Collection, Water
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 32400.0
  • Insurance Expense: 1200.0
  • Maintenance Expense: 1200.0
  • Property Net Operating Income: 28800.0
  • Annual Operating Expense: 6417.0

Tax Info

  • Tax Annual Amount: 1617.0
  • Tax Book Number: 101.00
  • Tax Lot: 34

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/11/2020 12/11/20 Sold $310,000 -12.7% $103 / Sq Ft
12/01/2020 12/01/20 For Sale $355,000 0.0% $118 / Sq Ft
12/01/2020 12/01/20 Price Changed $355,000 0.0% $118 / Sq Ft
10/16/2020 10/16/20 Pending -- -- --
09/09/2020 09/09/20 For Sale $355,000 -- $118 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Jeffry Klein

    Seller's Agent in 2020

    Jeffry Klein

    Keller Williams Arizona Realty

    (602) 373-4658

    1 in this area

    112 Total Sales

    Jeffry Klein
    Section Image
  • Lee Garner

    Buyer's Agent in 2020

    Lee Garner

    Better Homes & Gardens Real Estate SJ Fowler

    (480) 765-0292

    3 in this area

    47 Total Sales

    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6129610

Arizona Regional Multiple Listing Service (ARMLS)

Arizona Pinal County Apache Junction 85120

268 N Ocotillo Dr, Apache Junction, AZ

Homes for Sale in Apache Junction, AZ

This home is located at 268 N Ocotillo Dr, Apache Junction, AZ 85120 since 10 September 2020. This property was built in 1957. 268 N Ocotillo Dr 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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