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Apache Junction,AZ 85120
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision S18 T1N R8E
MLS Listing ID 6815436
Maintenance Fees $800
Originating Board Arizona Regional Multiple Listing Service (ARMLS)
Year Built 1970
Annual Tax Amount $1,427
Tax Year 2024
Lot Dimensions 130 x 331
Property Description
1022 & 1034 Main Dr highlights four living units, three of which are ground-set, bank-financeable modular homes & one site-built 1-bedroom unit; all unit interiors were renovated in 2022. The seller is willing to finance the asset with reasonable terms that would provide strong cash flow! The investment would allow for significant opportunities for an investor to acquire a cash-flowing asset in a growing market! The Apache Junction property zoning (RS-10M) may allow for additional density and homes! All ground-set homes are currently owned by the owner. Current rents are below market, yet still generating a strong rent for the asking price. The asset is just below an acre of land that can be optimized to increase NOI day 1!
Location
State AZ
County Pinal
Community S18 T1N R8E
Zoning Residential
Interior
Heating See Remarks,2 or More Units,Electric
Cooling Ceiling Fan(s),Window/Wall Unit,Electric
Flooring Carpet,Ceramic Tile
Appliance F/S Oven/Range
Exterior
Parking Features Other (See Remarks),Add'l Parking Avail
Community Features No Pool
Roof Type Composition
Total Parking Spaces 9
Building
Sewer Public Sewer
Water City Franchise,Individual Meter
New Construction No
Schools
Elementary Schools Desert Vista Elementary School
Middle Schools Cactus Canyon Junior High
High Schools Apache Junction High School
School District Apache Junction Unified District
Others
Senior Community No
Tax ID 100-35-026-D
Acceptable Financing Conventional,FHA,Owner May Carry
Listing Terms Conventional,FHA,Owner May Carry