461 W 16TH Avenue

    Apache Junction, AZ 85120
    • $315,000
    • STATUS: Closed
    • ON SITE: 145 days
    • MLS #: 5954547
    Sold - 08/19/2019
    $315,000
    SOLD - 08/19/2019
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1982
    County:

    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.

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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 2019-12-12T16:11:29.263.
    www.yosthomes.com/homes/97103207

    461 W 16TH Avenue Apache Junction, AZ 85120

    • Price: $335,000
    • Status: Closed
    • Updated: 18 min ago
    • MLS #: 5954547
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1982
    Built
    Neighborhood:
    Superstition Villa
    County:
    Pinal
    Area:
    Apache Junction
    Elementary School:
    Four Peaks Elementary School - Apache Junction
    Middle School:
    Cactus Canyon Junior High
    High School:
    Apache Junction High School
    School District:
    0043 - Apache Junction Unified District - Pinal
    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.
    Exterior Features

    Construction Frame - Wood Construction Finish PaintedSiding Covered Parking Spaces 0.00 Lot Size Dimensions 75X121.27 Parking <1 Space Per Unit Roads Asphalt/Blacktop Roofing Comp Shingle Total Parking Spaces 8.00

    Interior Features

    1 Bedroom Unit Avg Sq Ft 0 1 Bedroom Unit Baths 0 2 Bedroom Unit Avg Sq Ft 708 2 Bedroom Units Baths 1 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 Bi Oven/RangeRefrigeratorW/D Hookup Cooling Central A/CElectric Refrigeratd Efficiency Unit Avg Sq Ft 0 Efficiency Unit Baths 0 Floors Ceramic TileVinyl/Composition Heating ElectricCentral

    Property Features

    1 Bedroom Unit Avg Rent 0.00 1 Bedroom Units 0 2 Bedroom Unit Avg Rent 685.00 2 Bedroom Units 4 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 32583.00 Annual Elec Exp 0.00 Annual Gas Exp 0.00 Annual Ins Exp 800.00 Annual Land Lse Exp 0.00 Annual Landscape Exp 0.00 Annual Legal And Acctg 0.00 Annual Maint Exp 0.00 Annual Mgmt Exp 0.00 Annual Other Expense 6243.00 Annual Ownr Asoc Fee 0.00 Annual Pad Fee 0.00 Annual Rplcmnt Rsrvs 0.00 Annual Trash Exp 0.00 Annual Wtr Swr Exp 0.00 Community Amenities No Pool Cross Street Idaho Rd. & 16th Ave Efficiency Unit Avg Rent 0.00 Efficiency Units 0 Electric Individual MeterSrp Gas None Gross Annual Sch Inc 32583.00 Hoa YN No Net Operating Income 26340.00 New Financing FhaConventionalVa Operating Exp 8279.00 Other Income 0.00 Owner Pays None Project Type Four Plex Sale Includes Land & BuildingOther (See Remarks) Sewer Septic Source Of Financial Data Provided By Owner Tax Municipality Pinal - County Taxes 1236.00 Tenant Pays WaterElectricTrash Vacancy Allowance 0.00 Water Individual Meter Zoning Multi-Family

    Listing courtesy of Evolve Realty, Llc.


    © 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 2019-12-12T16:11:29.263.
     
    Yost Realty Group at RE/MAX Casa Grande
    317 E. Cottonwood Lane, Suite C
    Casa Grande AZ, 85122