NOT LISTED FOR SALE

512 N Valley Dr Apache Junction, AZ 85120

-- Bed
-- Bath
1,760 Sq Ft
0.77 Acres

Last Sold September 25, 2019

Last sale price $465,000 $264 Per Sq Ft

18 Days on Market

Highlights

  • RV or Boat Parking
  • Ceramic Tile Flooring
  • Heating Available
  • Ducts Professionally Air-Sealed
  • Ceiling Fan

About This Home

As of September 2019

Don't miss out on the perfect place to live and cash flow PLUS future development. Close to fishing, hiking, and shopping. 4-1br 1 ba and 2-2br 1 ba for a total 6 units approx 3434 sq ft. Property can be rezoned for up 13 units. Owned solar on unit 1 (owner's unit), $60000 sewer addition. Superstition Mountain views. RV hookup area. Existing drawn out carport plans. Separate electric meters, owner pays water/sewer trash. DRIVE BY ONLY - unit 1 available for show by appointment only - DO NOT DISTURB TENANTS

Last Agent to Sell the Property

Lauren Hensley

My Home Group Real Estate License #SA673837000 Listed on: 08/16/2019

My Home Group Real Estate

Last Buyer's Agent

Anand Sabapathy

DeLex Realty License #SA561221000

DeLex Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,867

Year Built

  • Built in 1963

Lot Details

  • 0.77

Home Design

  • Composition Roof
  • Block Exterior

Flooring

  • Carpet
  • Ceramic Tile
  • Vinyl

Parking

  • 8 Open Parking Spaces
  • 10 Parking Spaces
  • 2 Covered Spaces
  • Common or Shared Parking
  • Free Parking
  • RV or Boat Parking

Schools

  • Cactus Canyon Junior High
  • Apache Junction High School

Utilities

  • Ducts Professionally Air-Sealed
  • Central Air
  • Heating Available
  • Master Water Meter

Additional Features

  • Ceiling Fan
  • Additional Parcels

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Legal Lot and Block 21 / 3
  • Assessor Parcel Number 101-15-063-A

Community Details

Overview

  • 2 Buildings
  • 6 Units
  • Building Dimensions are 43581
  • Apache Addition Acres Subdivision

Building Details

  • Operating Expense $6,216
  • Gross Income $42,500
  • Net Operating Income $36,284

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,867

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Cross Street: Ironwood and Apache Trail
  • Legal Info Range: 08E
  • Property Type: Multiple Dwellings
  • Zoning: RM1
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1963
  • Tax Year: 2019
  • Road Surface Type: Gravel, Dirt, Asphalt
  • Subdivision Name: APACHE ADDITION ACRES
  • Tax Parcel Letter: A
  • Cooling:Ceiling Fan(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile, Vinyl
  • Appliances: F/S Oven/Range
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm, Development Plan Avl
  • Construction Type: Painted, Block, Ducts Professionally Air-Sealed
  • Roof: Composition
  • Construction:Block: Yes
  • Construction:Ducts Professionally Air-Sealed: Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: Free, RV/Boat Parking, 1 Space/Unit, <1 Space Per Unit, Common
  • Attached Garage: No
  • Open Parking Spaces: 8.0
  • Total Parking Spaces: 10.0
  • General Property Description:Covered Parking Spcs: 2.0
  • General Property Description:Uncvrd Parking Spcs: 8.0
  • General Property Description:Total Parking Spcs: 10.0
  • Parking:Carport: Yes
  • Parking:Free: Yes
  • Parking:RVBoat Parking2: Yes
  • Parking:_less_1 Space Per Unit: Yes

Utilities

  • Electric: SRP, Individual Meter, Solar
  • Cooling: Ceiling Fan(s), Electric, Individual, Central A/C
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Private Franchise, Master Meter
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes

Fee Information

  • Trash Expense: 549.0
  • Annual Water Sewer Expense: 1200.0

Schools

  • High School: Apache Junction High School
  • Junior High Dist: Apache Junction Unified District
  • Middle Or Junior School: Cactus Canyon Junior High

Lot Info

  • Lot Size: 43581
  • Additional Parcels: Yes
  • Parcel #: 101-15-063-A

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 6
  • Annual Gross Income: 42500.0
  • Insurance Expense: 1400.0
  • Maintenance Expense: 600.0
  • Property Net Operating Income: 36284.0
  • Annual Operating Expense: 6216.1

Tax Info

  • Tax Annual Amount: 1867.1
  • Tax Block: 3
  • Tax Book Number: 101.00
  • Tax Lot: 21

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 List to Sale Price per Sq Ft Prior Sale
09/25/2019 09/25/19 Sold $465,000 -14.2% $264 / Sq Ft
08/28/2019 08/28/19 Price Changed $542,000 -3.6% $308 / Sq Ft
08/16/2019 08/16/19 For Sale $562,000 +134.2% $319 / Sq Ft
02/05/2014 02/05/14 Sold $240,000 -26.2% $136 / Sq Ft View Prior Sale
12/28/2013 12/28/13 Pending -- -- --
08/23/2013 08/23/13 For Sale $325,000 -- $185 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Lauren Hensley

    Seller's Agent in 2019

    Lauren Hensley

    My Home Group Real Estate

    (480) 818-7970

    2 in this area

    39 Total Sales

    Lauren Hensley
    Section Image
  • Anand Sabapathy

    Buyer's Agent in 2019

    Anand Sabapathy

    DeLex Realty

    (480) 332-0830

    1 Total Sale

    Anand Sabapathy
    Section Image

  • A

    Seller's Agent in 2014

    Anita Dyer

    Realty One Group

    (480) 225-4798

    7 Total Sales

    Anita Dyer
    Section Image
  • David Koon

    Buyer's Agent in 2014

    David Koon

    Compass

    (480) 246-4014

    94 Total Sales

    David Koon
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5967735

Arizona Regional Multiple Listing Service (ARMLS)

APN: 101-15-063

Arizona Pinal County Apache Junction 85120

512 N Valley Dr, 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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