515 E Hondo Avenue, Apache Junction, AZ 85119

$700,000
Sold Price
$700,000
List Price
$725,000
Status
CLOSED
Closing Date
Aug 08, 2022
Days on Market
56
MLS#
6416022
City
Apache Junction
Lot Size
4
Year Built
1979

Property Description

Turnkey, very well kept 4-plex. Each unit has 2 bedrooms & 1 bath with a small enclosed patio area in the back and community courtyard in the front. Each unit has been updated as they become vacant, At this time Unit A remodel has been completed & is for lease for $1,300. Each unit has tile, LVP flooring or Congoleum. Kitchen & baths have granite or quartz counters. 2 units have new electrical panels in 2019.The roofs of both buildings & carports were replaced & warranty is transferable & 2 units the A/C was replaced. Dual pane low E windows on all units. Square footage does not include detached laundry room. The seller has owned the property since 2006 & has never had any long term vacancies.Please do not disturbed the tenants. Apt A is available & on lockbox.

Additional Information

Taxes
$1,591
Annual Ins Exp
1198
Annual Maint Exp
1316
Annual Water Sewer Exp
398
Annual Legal Accounting
200
Annual Landscape Exp
1279
Annual Other Exp
154
Operating Exp
6136
Net Operating Income
$33,810
Units
4
Project Type
Four Plex
Construction
Block
Roofing
Comp Shingle
Parking
>1 Space Per Unit, Add'l Parking Avail, Carport
Cooling
Ceiling Fan(s), Central A/C
Heating
Electric
Floors
Ceramic Tile, Other, Vinyl
Interior Amenities
Fire/Smoke Alarm(s), Mini Blinds, Unfurnished
Exterior Amenities
Desert Landscaping
Zoning
Multi
Subdivision
Palm Springs Unit Ten
Community Amenities
Barbecue, No Pool
Electric
Individual Meter, SRP
Gas
None
Water
Private Franchise
Sewer
Septic Tank
Tenant Pays
Cable TV, Electric
New Financing
1031 Exchange, Conventional
School District
0043 - Apache Junction Unified District - Pinal

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Red Mountain Real Estate. Selling Office: Desert North Realty.

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.