NOT LISTED FOR SALE

432 E 9th Ave Apache Junction, AZ 85119

8 Beds
-- Bath
845 Sq Ft
1986 Built

Last Sold April 29, 2022

Last sale price $844,300 $999 Per Sq Ft

5 Days on Market

About This Home

As of April 2022

Two Buildings! 432 E. 9th Ave. & 454 E 9th Ave. must be purchased together for $1,650,000.00. 16 units - Apache Junction. Investor dream with upside renovation/increased rent potential. Close proximity to US-60, Central Arizona College, NAU, grocery, state parks & more. Stable community, professionally managed with one vacancy under renovation. Rents for the area could be $795 for studios and $995 for one bedrooms. Buyer to verify all facts and figures.

Last Agent to Sell the Property

Andrew Thruston

P.J. Hussey & Associates, Inc License #BR549524000 Listed on: 03/25/2022

Co-Listed By

Ashley Everts

P.J. Hussey & Associates, Inc License #BR637677000

Last Buyer's Agent

Julian Tiege

My Home Group Real Estate License #SA666191000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,933

Year Built

  • Built in 1986

Home Design

  • Wood Frame Construction
  • Stucco

Parking

  • 11 Open Parking Spaces
  • 11 Parking Spaces

Utilities

  • Cooling System Mounted To A Wall/Window
  • Window Unit Heating System
  • Septic Tank

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 25
  • Assessor Parcel Number 102-23-025

Community Details

Overview

  • 8 Units
  • Building Dimensions are 0.207 acres
  • Palm Springs Unit Five Subdivision

Building Details

  • Operating Expense $28,088
  • Gross Income $163,248
  • Net Operating Income $119,641

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,933

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Legal Info Range: 08E
  • Property Type: Multiple Dwellings
  • Zoning: B1
  • Number Of Buildings: 1
  • Year Built: 1986
  • Tax Year: 2021
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: huss01
  • Co List Office Phone: 623-930-7700
  • Subdivision Name: PALM SPRINGS UNIT FIVE
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: Rolled/Hot Mop
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Open Parking Spaces: 11.0
  • Total Parking Spaces: 11.0
  • General Property Description:Uncvrd Parking Spcs: 11.0
  • General Property Description:Total Parking Spcs: 11.0
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Paved Parking: Yes

Utilities

  • Electric: SRP
  • Cooling: Wall/Window Unit(s)
  • Heating: Window/Wall Unit(s)
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Sewer Septic Tank: Yes
  • Heating:WindowWall Unit(s): Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes

Fee Information

  • Annual Water Sewer Expense: 5260.0

Lot Info

  • Lot Size: 0.207 acres
  • Additional Parcels: No
  • Parcel #: 102-23-025

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Cable TV
  • Number Of Units Total: 8
  • Electric Expense: 1095.0
  • Annual Gross Income: 163248.0
  • Insurance Expense: 11550.0
  • Maintenance Expense: 8250.0
  • Property Net Operating Income: 119641.0
  • Annual Operating Expense: 28088.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1933.0
  • Tax Book Number: 102.00
  • Tax Lot: 25
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/29/2022 04/29/22 Sold $844,300 +2.3% $999 / Sq Ft
04/26/2022 04/26/22 For Sale $825,000 0.0% $976 / Sq Ft
04/26/2022 04/26/22 Price Changed $825,000 0.0% $976 / Sq Ft
04/15/2022 04/15/22 For Sale $825,000 0.0% $976 / Sq Ft
04/15/2022 04/15/22 Price Changed $825,000 0.0% $976 / Sq Ft
03/26/2022 03/26/22 Price Changed $825,000 -50.0% $976 / Sq Ft
03/24/2022 03/24/22 For Sale $1,650,000 -- $1,953 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

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 $2,010 $21,011 -- --
2024 $1,897 $21,047 -- --
2023 $1,979 $15,259 $4,499 $10,760
2022 $1,897 $14,190 $4,499 $9,691
2021 $1,933 $13,972 $0 $0
2020 $1,883 $12,763 $0 $0
2019 $1,806 $12,568 $0 $0
2018 $1,770 $11,313 $0 $0
2017 $1,743 $11,480 $0 $0
2016 $1,700 $12,131 $1,100 $11,031
2014 -- $9,417 $1,100 $8,317
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6373556

Arizona Regional Multiple Listing Service (ARMLS)