1944 S MONTEREY Drive, Apache Junction, AZ 85120
$335,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$309,000
Last Modified:
7/10/2019
Description
Fully occupied 4 plex property. Great investment opportunity in excellent condition. Each unit is a 2 bedroom 1 bath with washer/dryer connections in each unit. Linoleum and carpet flooring. Covered parking is first come first served. Must have an accepted contract in order to view the inside of the property during inspection period. Water and Electric is individually metered to tenants.
More Information MLS# 5781870
Contract Info
Current Price: $309,000
Sold Price: $309,000
Status: Closed
List Date: 2018-06-13
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: R44
House Number: 1944
Compass: S
Street Name: MONTEREY
St Suffix: Drive
City/Town Code: Apache Junction
State/Province: AZ
Zip Code: 85120
Zip4: 7598
Country: USA
County Code: Pinal
Legal Description (Abbrev): LOT 130 SUPERSTITION VILLA CAB 12 SLD 39
Subdivision: SUPERSTITION VILLA
Assessor's Map #: 22
Assessor's Parcel #: 130
Add'l Parcels: No
Assessor Number: 102-22-130
Legal: LOT 130 SUPERSTITION VILLA CAB 12 SLD 39
Census Tract: 314
Tax Municipality: Apache Junction
Taxes: 1351
Tax Year: 2017
Marketing Name: SUPERSTITION VILLA
General Property Description
Lot Size Dimensions: 9,290 sqft
Year Built: 1984
Total # of Units: 4
# of Buildings: 1
Zoning: R-2
Elementary School: Desert Vista Elementary School
Jr. High School: Cactus Canyon Junior High
High School: Apache Junction High School
Elementary School District: Apache Junction Unified District
High School District: Apache Junction Unified District
Remarks & Misc
Cross Street: Route 60 & S Idaho Rd
Directions: US 60 to Idaho. North on Idaho to 16th Ave., West to Monterey, South to Property.
Geo Lat: 33.397343
Geo Lon: -111.552988
Status Change Info
Status Change Date: 2018-12-01
Off Market Date: 2018-11-07
Under Contract Date: 2018-10-22
Close of Escrow Date: 2018-11-30
Sold Price: $309,000
Legal Info
Township: 01N
Range: 08E
Section: 29
Lot Number: 130
Income & Expenses
Annual Trash Exp: 423
Annual Wtr/Swr Exp: 1548
Owner Association: No
Operating Exp: 3322
Gross Annual Sch Inc: 23500
Adjusted Gross Inc: 23500
Totl Mnth Rntal Inc: 2000
Net Operating Income: 23500
Pmt & Rate Info
Cap Rate: 7.12
Equity: 330000
2 Bedroom Units
# 2 Bedroom Units: 4
Avg Rent: 549
Avg SqFt: 800
# Baths: 1
Contact Info
List Agent Home Phn: 480-570-2058
Sold Info
Loan Type: Conventional
Loan Years: 30
Payment Type: Fixed
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Property Features
Project Type: Four Plex
Construction: Frame - Wood
Const - Finish: Painted
Roofing: Comp Shingle
Floors: Ceramic Tile; Carpet; Other
Sale Includes: Other (See Remarks)
Community Amenities: No Pool
Exterior Amenities: Partially Fenced; Cable TV Available
Interior Amenities: Unfurnished; Fire/Smoke Alarm(s)
Appliances Included: F/S Oven/Range; Refrigerator; Dishwasher; W/D Hookup
Heating: Heat Pump
Cooling: Heat Pump
Water: Individual Meter
Sewer: Sewer - Public
Electric: SRP
Gas: None
Parking: Carport; 1 Space/Unit; Other (See Remarks)
Roads/Streets: Asphalt
Owner Pays: Trash Collection
Tenant Pays: Water; Electric
Source of Fincl Data: Provided by Owner
Existing 1st Loan: Treat as Free&Clear
Existing 1st Ln Type: Not Applicable
Existing 1st Ln Trms: Non Assumable
Existing 2nd Loan: Other (See Remarks)
Existing 2nd Ln Type: Not Applicable
Existing 2nd Ln Trms: Not Applicable
Existing 3rd Loan: Other (See Remarks)
Existing 3rd Ln Type: Not Applicable
Existing 3rd Ln Trms: Not Applicable
Existing Othr Ln Trm: Not Applicable
New Financing: CTL; Conventional
Reports/Disclosures: Seller Prop Disc Stm
Environmental: None
Listing Office: Long Realty Partners
Last Updated: July - 10 - 2019
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