NOT LISTED FOR SALE

3695 E Apache Trail Apache Junction, AZ 85119

-- Bed
-- Bath
6,001 Sq Ft
4.82 Acres

Last Sold January 31, 2023

Last sale price $1,700,000 $283 Per Sq Ft

309 Days on Market

About This Home

As of January 2023

Rare opportunity to purchase a 100% occupied Industrial property with 7.54% cap rate situated on 1.25 acres. The subject property includes one building with four rental suites and four rental yards. Current net Income per year is at $98,000.00 and tenants pay property tax. These types of properties do not come to market very often. Buyer to verify all measurements, facts, figures, and important information. Property to be sold AS-IS. Please include language in the offer to be sold ''As-Is.''. Please call, text, or email the listing agents for a tour or questions.

Last Listed By

Tara Stapley

Realty ONE Group License #SA680906000 Listed on: 02/09/2022

Realty ONE Group

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $9,448

Year Built

  • Built in 2000

Lot Details

  • 4.82 Acre Lot
  • Block Wall Fence
  • Chain Link Fence
  • Property is zoned CB1

Home Design

  • Metal Roof
  • Block Exterior

Interior Spaces

  • 6,001 Sq Ft Home
  • Concrete Flooring

Parking

  • 12 Open Parking Spaces
  • 12 Parking Spaces

Utilities

  • Heat Pump System
  • 440 Volts
  • Master Water Meter

Listing and Financial Details

  • Tax Lot R
  • Assessor Parcel Number 100-01-001-R

Community Details

Overview

  • S11 T1n R8e Subdivision

Building Details

  • Operating Expense $9,448
  • Gross Income $100,000
  • Net Operating Income $94,468

Property Details

Property Type

Other

Est. Annual Taxes

$9,448

Year Built

Built in 2000

Lot Details

0

Listing Details

  • Cross Street: Highway 88 & Mountain View
  • Legal Info Range: 08E
  • Property Type: Comm/Industry Sale
  • Zoning: CB1
  • Current Use: Mixed Use, Retail, Service Business, Retail PAD, Office, Warehouse, Wholesale
  • Number Of Buildings: 1
  • Year Built: 2000
  • Tax Year: 2021
  • Directions: Idaho to Highway 88, approx. 4 miles to property.
  • Lot Size Acres: 4.82
  • Co List Office Mls Id: reog03
  • Co List Office Phone: 623-236-1414
  • Subdivision Name: S11 T1N R8E
  • Structure Type: Commercial, Industrial, Office, Manufacturing, Distribution/Warehse
  • Tax Parcel Letter: R
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Concrete

Exterior Features

  • Fencing: Block, Chain Link
  • Construction Type: Block
  • Roof: Metal
  • Construction:Block: Yes

Garage/Parking

  • Open Parking Spaces: 12.0
  • Total Parking Spaces: 12.0
  • General Property Description:Uncvrd Parking Spcs: 12.0
  • General Property Description:Total Parking Spcs: 12.0
  • Parking:Free: Yes
  • Parking:Paved Parking: Yes

Utilities

  • Electric: 3 Phase Power, 440 Volts, SRP
  • Cooling: Office A/C
  • Heating: Heat Pump
  • Water Source: Private Franchise, Master Meter
  • Heating:Heat Pump2: Yes

Lot Info

  • Lot Size Sq Ft: 210126.0
  • Additional Parcels: No
  • Parcel #: 100-01-001-R
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Annual Gross Income: 100000.0
  • Property Net Operating Income: 94467.94
  • Annual Operating Expense: 9448.0

Tax Info

  • Tax Annual Amount: 9448.0
  • Tax Book Number: 100.00
  • Tax Lot: R
  • Tax Map Number: 1.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 9, 2022
Closed on
Jan 31, 2023
Sold by
Highway 88 Holdings Llc
Bought by
Clark James
Seller's Agent
Tara Stapley
Realty ONE Group
Buyer's Agent
Travis Lucas
MAR-KEY Real Estate
List Price
$2,300,000
Sold Price
$1,700,000
Premium/Discount to List
-$600,000
-26.09%
Total Days on Market
309

Range of Values:

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Average Value
Not Available
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
Clark James $1,700,000 Clear Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Clark James $21,000
Previous Owner Highway 88 Holdings Llc $650,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/31/2023 01/31/23 Sold $1,700,000 +30.8% $283 / Sq Ft
12/15/2022 12/15/22 Pending -- -- --
11/12/2022 11/12/22 Price Changed $1,300,000 -43.5% $217 / Sq Ft
02/09/2022 02/09/22 For Sale $2,300,000 -- $383 / 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 $9,218 -- -- --
2024 $9,080 -- -- --
2023 $9,254 $97,406 $35,195 $62,211
2022 $9,080 $83,410 $29,329 $54,081
2021 $9,448 $104,414 $0 $0
2020 $9,199 $102,867 $0 $0
2019 $8,822 $102,257 $0 $0
2018 $8,639 $101,431 $0 $0
2017 $8,201 $66,063 $0 $0
2016 $8,000 $37,150 $37,150 $37,150
2014 $8,022 $26,416 $15,041 $11,376
Source: Public Records

Agents Affiliated with this Home

  • Tara Stapley

    Seller's Agent in 2023

    Tara Stapley

    Realty One Group

    (602) 515-1515

    52 in this area

    129 Total Sales

    Tara Stapley
    Section Image
  • Jason Miszuk

    Seller Co-Listing Agent in 2023

    Jason Miszuk

    Realty One Group

    (602) 363-5058

    1 in this area

    41 Total Sales

    Jason Miszuk
    Section Image
  • Travis Lucas

    Buyer's Agent in 2023

    Travis Lucas

    MAR-KEY Real Estate

    (480) 646-1358

    21 in this area

    38 Total Sales

    Travis Lucas
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6353423

Arizona Regional Multiple Listing Service (ARMLS)

APN: 100-01-001R

Arizona Pinal County Apache Junction 85119

3695 E Apache Trail, Apache Junction, AZ

Homes for Sale in Apache Junction, AZ

This home is located at 3695 E Apache Trail, Apache Junction, AZ 85119 since 09 February 2022. This property was built in 2000. 3695 E Apache Trail is a home located in Pinal County with nearby schools including Desert Vista 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