NOT LISTED FOR SALE

435 E 10th Ave Apache Junction, AZ 85119

Estimated Value: $471,000 - $640,000

-- Bed
-- Bath
2,880 Sq Ft
$194/Sq Ft Est. Value

Last Sold June 24, 2019

Last sale price $335,000 $116 Per Sq Ft

Est. 67% increase in value since last sale

Current estimated payment $3,216/month

34 Days on Market

About This Home

As of June 2019

TURN-KEY INVESTMENT OPPORTUNITY. Fully renovated four-plex with all new appliances, full repairs done inside to make like new. New kitchens, bathrooms, flooring and roof. The units are fully rented at the top rents in Apache Junction all under one year leases.

Professional Property Management is in place, but does not have to convey with the sale of the property.

This building must sell together with 417 E. 10th Ave as a package deal. Partial seller carry financing is a possible option.

Full Disclosure, this is an Owner/Agent sale. ALL OFFERS will be entertained.

***DRIVE BY ONLY. Building is fully occupied. Do Not Disturb Tenants.***

Last Listed By

Thomas Swan

HomeSmart License #SA682764000 Listed on: 04/29/2019

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,210

Year Built

  • Built in 1983

Lot Details

  • 7,492

Home Design

  • Wood Frame Construction

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces

Utilities

  • Central Air
  • Heat Pump System

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer
  • Tax Lot 94
  • Assessor Parcel Number 102-23-094

Community Details

Overview

  • 4 Units
  • Building Dimensions are .17 Acres
  • Palm Springs Unit Five Subdivision

Building Details

  • Operating Expense $4,710
  • Gross Income $36,300
  • Net Operating Income $31,590

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,210

Year Built

Built in 1983

Lot Details

0

Listing Details

  • Legal Info Range: 08E
  • Property Type: Multiple Dwellings
  • Zoning: Residential
  • Number Of Buildings: 1
  • Year Built: 1983
  • Tax Year: 2018
  • Road Surface Type: Asphalt
  • Subdivision Name: PALM SPRINGS UNIT FIVE
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes

Exterior Features

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

Garage/Parking

  • Open Parking Spaces: 6.0
  • Total Parking Spaces: 6.0
  • General Property Description:Uncvrd Parking Spcs: 6.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

  • Electric: SRP
  • Cooling: Central A/C
  • Heating: Heat Pump
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes

Fee Information

  • Trash Expense: 500.0
  • Annual Water Sewer Expense: 3000.0

Lot Info

  • Lot Size: .17 Acres
  • Additional Parcels: No
  • Parcel #: 102-23-094

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 36300.0
  • Property Net Operating Income: 31590.0
  • Annual Operating Expense: 4710.0

Tax Info

  • Tax Annual Amount: 1210.0
  • Tax Book Number: 102.00
  • Tax Lot: 94

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 10, 2020
Sold by
Pearson Lillian Janet
Bought by
Pearson Lillian Janet and The Lillian Janet Pearson Trus
Total Days on Market
34
Current Estimated Value
$559,220

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$230,000
Outstanding Balance
$206,989
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$352,231

Purchase Details

Closed on
Apr 16, 2020
Sold by
Pearson Lillian Janet
Bought by
Pearson Lillian Janet and The Lillian Janet Pearson Trus

Purchase Details

Listed on
Apr 29, 2019
Closed on
Jun 25, 2019
Sold by
Tks Estates Llc
Bought by
Pearson Lillian Janet
Seller's Agent
Thomas Swan
HomeSmart
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$399,000
Sold Price
$335,000
Premium/Discount to List
-$64,000
-16.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.11%
Original Mortgage
$226,000
Interest Rate
4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 18, 2018
Sold by
Swan Thomas J and Swan Kerry A
Bought by
Tks Estates Llc

Purchase Details

Listed on
Aug 10, 2017
Closed on
Mar 3, 2018
Sold by
Chadwick Stephen G and Stewart Scott C
Bought by
Swan Thomas J and Swan Kerry A
Seller's Agent
Laura Good
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Michelle Hoogendoorn
Better Homes & Gardens Real Estate SJ Fowler
List Price
$299,000
Sold Price
$242,000
Premium/Discount to List
-$57,000
-19.06%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.37%
Original Mortgage
$181,500
Interest Rate
4.04%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 1, 2009
Sold by
First Horizon Home Loans
Bought by
Chadwick Stephen G and Stewart Scott C

Purchase Details

Closed on
Feb 2, 2009
Sold by
Zambrana Freddy
Bought by
First Horizon Home Loans

Purchase Details

Closed on
Dec 19, 2005
Sold by
David Soloman
Bought by
Zambrana Freddy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$207,920
Interest Rate
7.12%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Aug 20, 2003
Sold by
Huston Michael J and Huston Donna
Bought by
David Soloman

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$141,000
Interest Rate
4.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 17, 2002
Sold by
Lawane Richard L and Lawane Laura J
Bought by
Huston Michael J and Huston Donna

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$129,800
Interest Rate
6.69%
Mortgage Type
New Conventional

Range of Values:

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Average Value
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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

Purchase History

Date Buyer Sale Price Title Company
Pearson Lillian Janet -- Accommodation
Pearson Lillian Janet -- First Arizona Title
Pearson Lillian Janet -- None Available
Pearson Lillian Janet $335,000 First Arizona Title Agency
Tks Estates Llc -- None Available
Swan Thomas J $250,000 Chicago Title Agency Inc
Chadwick Stephen G $112,100 Placer Title Company
First Horizon Home Loans $157,250 Accommodation
Zambrana Freddy $259,900 Arizona Title Agency Inc
David Soloman $188,000 Capital Title Agency Inc
Huston Michael J $162,250 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pearson Lillian Janet $230,000
Previous Owner Pearson Lillian Janet $226,000
Previous Owner Swan Thomas J $181,500
Previous Owner Zambrana Freddy $207,920
Previous Owner David Soloman $141,000
Previous Owner Huston Michael J $129,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/24/2019 06/24/19 Sold $335,000 -16.0% $116 / Sq Ft
06/01/2019 06/01/19 Pending -- -- --
04/28/2019 04/28/19 For Sale $399,000 +64.9% $139 / Sq Ft
03/06/2018 03/06/18 Sold $242,000 -6.9% $84 / Sq Ft
01/16/2018 01/16/18 Price Changed $259,950 -5.3% $90 / Sq Ft
12/31/2017 12/31/17 Price Changed $274,500 -5.8% $95 / Sq Ft
09/29/2017 09/29/17 Price Changed $291,500 -1.7% $101 / Sq Ft
09/22/2017 09/22/17 Price Changed $296,500 -0.8% $103 / Sq Ft
08/09/2017 08/09/17 For Sale $299,000 -- $104 / 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 $1,375 $18,850 -- --
2024 $1,298 $19,134 -- --
2023 $1,354 $13,328 $0 $0
2022 $1,298 $18,080 $3,744 $14,336
2021 $1,322 $17,148 $0 $0
2020 $1,288 $12,460 $0 $0
2019 $1,235 $11,890 $0 $0
2018 $1,210 $7,737 $0 $0
2017 $1,258 $7,869 $0 $0
2016 $1,242 $7,859 $1,100 $6,759
2014 $1,214 $7,101 $1,100 $6,001
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5918096

Arizona Regional Multiple Listing Service (ARMLS)

APN: 102-23-093