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 Listed By

Andrew Thruston

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

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

Range of Values:

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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

Property History

Date Event Price Change Sq Ft Price
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 Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Andrew Thruston

    Seller's Agent in 2022

    Andrew Thruston

    P.J. Hussey & Associates, Inc

    (623) 628-5513

    2 in this area

    44 Total Sales

    Andrew Thruston
    Section Image

  • A

    Seller Co-Listing Agent in 2022

    Ashley Everts

    P.J. Hussey & Associates, Inc

  • Julian Tiege

    Buyer's Agent in 2022

    Julian Tiege

    My Home Group

    (602) 828-2502

    2 in this area

    59 Total Sales

    Julian Tiege
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6373556

Arizona Regional Multiple Listing Service (ARMLS)

Arizona Pinal County Apache Junction 85119

432 E 9th Ave, Apache Junction, AZ

Homes for Sale in Apache Junction, AZ

This home is located at 432 E 9th Ave, Apache Junction, AZ 85119 since 25 March 2022. This property was built in 1986. 432 E 9th Ave is a home located in Pinal County with nearby schools including Peralta Trail 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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