1460 S De Niza Road, Apache Junction, AZ 85119

$445,000
Sold Price
$445,000
List Price
$445,000
Status
CLOSED
Closing Date
Jan 21, 2022
Days on Market
42
MLS#
6330526
City
Apache Junction
Lot Size
4
Year Built
1997

Property Description

Duplex with large two bedroom units, privacy yards and each with a two car garage, on a residential side street. Building went through a major renovation in 2011 including new roof. Major improvements since renovation include a new A/C unit in 2014 and new garage door and opener in 2019 in unit #2. Tenants pay all utilities and maintain landscaping. Market rent estimated to be $1150 to $1250 per unit a month. Rate of return, at this range, projected to be 5.6% to 6.1%, based on 2021 expenses. No deferred maintenance nor rent related issues. Owner would prefer to carry.

Additional Information

Gross Annual Sch Inc
22800
Adjusted Gross Inc
22800
Taxes
$1,686
Annual Ins Exp
669
Annual Maint Exp
401
Operating Exp
2756
Net Operating Income
$20,044
Units
2
Project Type
Duplex
Construction
Frame - Wood
Roofing
Comp Shingle
Parking
>1 Space Per Unit, Add'l Parking Avail, Attached, Auto Door Opener, Garage, Paved Parking
Cooling
Central A/C, Electric
Heating
Central, Electric
Floors
Ceramic Tile, Other, Vinyl
Interior Amenities
Fire/Smoke Alarm(s), Mini Blinds, Unfurnished
Exterior Amenities
Cable TV Available, Desert Landscaping, Fenced, Patio/Balcony
Zoning
Multi Family
Community Amenities
See Remarks
Electric
Individual Meter, SRP
Gas
None
Water
City Franchise, Individual Meter
Sewer
Septic in & Cnctd
Tenant Pays
Cable TV, Electric, Landscaping, Trash, Water
New Financing
Conventional, FHA, Seller May Carry
Elementary School
Peralta Trail Elementary School
Middle School
Cactus Canyon Junior High
High School
Apache Junction High School
School District
0043 - Apache Junction Unified District - Pinal

Mortgage Calculator

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

Listing courtesy of Coldwell Banker Realty. Selling Office: DPR Realty LLC.

All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2022 Arizona Regional Multiple Listing Service, Inc. All rights reserved.