NOT LISTED FOR SALE

476 E Linda Ave Apache Junction, AZ 85119

Estimated Value: $483,000 - $556,000

Studio
-- Bath
2,880 Sq Ft
$182/Sq Ft Est. Value

Last Sold November 01, 2023

Last sale price $510,000 $177 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $2,848/month

About This Home

As of November 2023

Excellent opportunity for the right buyer to get into an investment property below market. All 4 units are month to month with well below market rent. Some updating is needed.

Last Agent to Sell the Property

Wally Erickson

Erickson Realty Group L.L.C. License #BR523953000 Listed on: 06/26/2023

Last Buyer's Agent

James Stephens

Better Homes & Gardens Real Estate SJ Fowler License #BR650365000

Better Homes & Gardens Real Estate SJ Fowler

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,308

Year Built

  • Built in 1983

Lot Details

  • 10,019

Home Design

  • Wood Frame Construction
  • Foam Roof
  • Stucco

Flooring

  • Carpet
  • Ceramic Tile

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces
  • On-Street Parking

Utilities

  • Cooling Available
  • Septic Tank

Listing and Financial Details

  • Tenant pays for electricity, water
  • The owner pays for trash collection
  • Tax Lot 1047
  • Assessor Parcel Number 102-26-048

Community Details

Overview

  • 4 Units
  • Building Dimensions are IRR
  • Palm Springs Unit Ten Subdivision

Building Details

  • Operating Expense $1,308
  • Gross Income $28,710
  • Net Operating Income $28,710

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,308

Year Built

Built in 1983

Lot Details

0

Listing Details

  • Cross Street: 16th Ave/Winchester
  • Legal Info Range: 08E
  • Property Type: Multiple Dwellings
  • Zoning: GR
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1983
  • Tax Year: 2022
  • Road Surface Type: Asphalt
  • Subdivision Name: PALM SPRINGS UNIT TEN
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: Foam, Rolled/Hot Mop
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Parking Features: Street Parking
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 4.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking:Street Parking: Yes

Utilities

  • Electric: SRP
  • Cooling Y N: Yes
  • Water Source: City Franchise, Individual Meter
  • Sewer Septic Tank: Yes
  • Heating:Central: Yes

Schools

  • Junior High Dist: Apache Junction Unified District

Lot Info

  • Lot Size: IRR
  • Additional Parcels: No
  • Parcel #: 102-26-048

Multi Family

  • Owner Pays: Trash Collection, None
  • Tenant Pays: Electricity, Water
  • Number Of Units Total: 4
  • Annual Gross Income: 28710.0
  • Property Net Operating Income: 28710.0
  • Annual Operating Expense: 1308.0

Tax Info

  • Tax Annual Amount: 1308.0
  • Tax Book Number: 102.00
  • Tax Lot: 1047
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Galeon Pacita $106,900
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/01/2023 11/01/23 Sold $510,000 +2.0% $177 / Sq Ft
10/02/2023 10/02/23 Price Changed $500,000 0.0% $174 / Sq Ft
09/29/2023 09/29/23 Off Market $500,000 -- --
07/29/2023 07/29/23 Price Changed $500,000 0.0% $174 / Sq Ft
07/19/2023 07/19/23 Price Changed $500,000 0.0% $174 / Sq Ft
06/27/2023 06/27/23 Pending -- -- --
06/26/2023 06/26/23 For Sale $500,000 -- $174 / 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 $1,386 $22,162 -- --
2024 $1,308 $22,407 -- --
2023 $1,364 $15,019 $0 $0
2022 $1,308 $20,475 $5,011 $15,464
2021 $1,332 $19,467 $0 $0
2020 $1,298 $14,115 $0 $0
2019 $1,245 $13,492 $0 $0
2018 $1,220 $8,417 $0 $0
2017 $1,188 $8,529 $0 $0
2016 $1,158 $8,514 $1,100 $7,414
2014 $1,097 $6,416 $1,100 $5,316
Source: Public Records

Agents Affiliated with this Home

  • W

    Seller's Agent in 2023

    Wally Erickson

    Erickson Realty Group L.L.C.

    (480) 689-6360

    2 in this area

    13 Total Sales

    Wally Erickson
    Section Image

  • J

    Buyer's Agent in 2023

    James Stephens

    Better Homes & Gardens Real Estate SJ Fowler

    (602) 672-3526

    2 in this area

    50 Total Sales

    James Stephens
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6573359

Arizona Regional Multiple Listing Service (ARMLS)

APN: 102-26-048

Arizona Pinal County Apache Junction 85119

476 E Linda Ave, Apache Junction, AZ

Not Listed for Sale

MultiFamily

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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