268 N Ocotillo Drive

    Apache Junction, AZ 85120
    • $310,000
    • STATUS: Active
    • ON SITE: 131 days
    • MLS #: 5832408
    Price Reduced
    UPDATED: 34 min ago
    $310,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1957
    County:

    Description

    Price Drop!! Great investment opportunity to own four single family units in the heart of Apache Junction. This is a large lot (almost 3/4 acre) and there is plenty of room for parking. These four buildings consist of one 2 bedroom 2 bath unit which has a bonus room that could be used as 3rd bedroom. The other three units are all 1 bedroom 1 bath. All buildings have private yard. Electric Security Gate to be installed. Close to shopping and restaurants. Long term tenants. Good opportunity to increase rents as the area justifies higher rates. Please do NOT disturb tenants. Drive by Only. NO SHOWINGS UNTIL ACCEPTED CONTRACT. All Facts and Figures Approximate. Buyer to Verify to Their Satisfaction.

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    © 2019 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than Yost Realty Group at RE/MAX Casa Grande. Data last updated 2019-02-21T17:12:22.647.
    www.yosthomes.com/homes/88432163

    268 N Ocotillo Drive Apache Junction, AZ 85120

    • Price: $310,000
    • Status: Active
    • Updated: 34 min ago
    • MLS #: 5832408
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1957
    Built
    Neighborhood:
    Cayton Subdivision
    County:
    Pinal
    Area:
    Apache Junction
    Elementary School:
    Superstition Mountain Elementary School
    High School:
    Apache Junction High School
    School District:
    0043 - Apache Junction Unified District - Pinal
    Property Description
    Price Drop!! Great investment opportunity to own four single family units in the heart of Apache Junction. This is a large lot (almost 3/4 acre) and there is plenty of room for parking. These four buildings consist of one 2 bedroom 2 bath unit which has a bonus room that could be used as 3rd bedroom. The other three units are all 1 bedroom 1 bath. All buildings have private yard. Electric Security Gate to be installed. Close to shopping and restaurants. Long term tenants. Good opportunity to increase rents as the area justifies higher rates. Please do NOT disturb tenants. Drive by Only. NO SHOWINGS UNTIL ACCEPTED CONTRACT. All Facts and Figures Approximate. Buyer to Verify to Their Satisfaction.
    Exterior Features

    Construction BlockFrame - Wood Construction Finish PaintedStucco Covered Parking Spaces 3.00 Exterior Amenities Desert LandscapingCable Tv AvailableFenced Lot Size Dimensions 0.72 Acres / 31363 Sqft Parking CarportAdd'l Parking Avail Roads Dirt/Gravel Roofing Comp Shingle Total Parking Spaces 8.00

    Interior Features

    1 Bedroom Unit Avg Sq Ft 668 1 Bedroom Unit Baths 1 2 Bedroom Unit Avg Sq Ft 1200 2 Bedroom Units Baths 2 3 Bedroom Unit Avg Sq Ft 0 3 Bedroom Unit Baths 0 4 Bedroom Unit Avg Sq Ft 0 4 Bedroom Unit Baths 0 Appliances Included F/S Oven/RangeW/D HookupDishwasherRefrigerator Cooling Central A/COther (See Remarks)Evaporative Efficiency Unit Avg Sq Ft 0 Efficiency Unit Baths 0 Floors ConcreteVinyl/CompositionCeramic TileCarpet Heating Electric Interior Amenities Unfurnished

    Property Features

    1 Bedroom Unit Avg Rent 600.00 1 Bedroom Units 3 2 Bedroom Unit Avg Rent 850.00 2 Bedroom Units 1 3 Bedroom Unit Avg Rent 0.00 3 Bedroom Units 0 4 Bedroom Unit Avg Rent 0.00 4 Bedroom Units 0 Adjusted Gross Inc 29640.00 Annual Elec Exp 0.00 Annual Gas Exp 0.00 Annual Ins Exp 1110.00 Annual Land Lse Exp 0.00 Annual Landscape Exp 0.00 Annual Legal And Acctg 0.00 Annual Maint Exp 1200.00 Annual Mgmt Exp 0.00 Annual Other Expense 0.00 Annual Ownr Asoc Fee 0.00 Annual Pad Fee 0.00 Annual Rplcmnt Rsrvs 0.00 Annual Trash Exp 600.00 Annual Wtr Swr Exp 1660.00 Community Amenities No Pool Cross Street Apache Trail / Ironwood Efficiency Unit Avg Rent 0.00 Efficiency Units 0 Electric Individual MeterSrp Gas None Gross Annual Sch Inc 31200.00 Hoa YN No Net Operating Income 23482.96 New Financing FhaVaConventional Operating Exp 6157.04 Other Income 0.00 Owner Pays WaterLandscapingTrash Project Type Four Plex Sale Includes Land & BuildingOther (See Remarks) Sewer Sewer - AvailableSeptic in & Cnctd Source Of Financial Data Provided By Owner Tax Municipality Pinal - County Taxes 1587.04 Tenant Pays ElectricCable Tv Totl Mnth Rntal Inc 31200.00 Vacancy Allowance 0.05 Water City FranchisePrivate Franchise Zoning Gr

    Listing courtesy of S. J. Fowler Real Estate, Inc..
    © 2019 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than Yost Realty Group at RE/MAX Casa Grande. Data last updated 2019-02-21T17:12:22.647.
     
    Yost Realty Group at RE/MAX Casa Grande
    317 E. Cottonwood Lane, Suite C
    Casa Grande AZ, 85122