461 W 16th Avenue, Apache Junction, AZ 85120

$315,000
Sold Price
$315,000
List Price
$335,000
Closing Date
Aug 19, 2019
Days on Market
30
Status
CLOSED
MLS#
5954547
City
Apache Junction
Subdivision
Superstition Villa
Year Built
1982

Property Description

Come and see your next 4-plex investment! Almost at an 8% cap rate. All units rented but some month-month contracts leave option for primary residence buyer. Under professional property management. Easy to rent. Three newer AC units. All solid surface flooring throughout for low maintenance. Washer/dryer hookups. ALL utilities (electric, water, and trash) in tenants' individual names. No worrying about a leaky toilet and an unexpectedly high water bill! No HOA. One tenant since 2012 has low lease rate of only $615 plus tax. Newest two tenants are at $715 plus tax. Drive by only; showing with accepted offer. Buyer to verify all facts and figures.

Additional Information

Elementary School
Four Peaks Elementary School - Apache Junction
High School
Apache Junction High School
Middle School
Cactus Canyon Junior High
School District
0043 - Apache Junction Unified District - Pinal
Construction
Frame - Wood
Cooling
Central A/C, Electric Refrigeratd
Electric
Individual Meter, SRP
Finish
Painted, Siding
Floors
Ceramic Tile, Vinyl/Composition
Gas
None
Guest House Sq Ft
8
Heating
Electric, Central
New Financing
FHA, Conventional, VA
Parking
<1 Space Per Unit
Project Type
Four Plex
Roofing
Comp Shingle
Sewer
Septic
Pool
Yes
Subdivision
Superstition Villa
Taxes
$1,236
Tenant Pays
Water, Electric, Trash
Units
4
Water
Individual Meter
Zoning
Multi-Family

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Evolve Realty, LLC. Selling Office: Re/Max Fine Properties.

All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2019 Arizona Regional Multiple Listing Service, Inc. All rights reserved.