268 N Ocotillo Drive, Apache Junction, AZ 85120

$1,250,000
15
BD
10
BA

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List Price
$1,250,000
Status
ACTIVE
Price Change
▼ $100,000 1787029708
Days on Market
178
MLS#
7001492
City
Apache Junction
Bedrooms
15
Bathrooms
10
Year Built
1957

Property Description

This Investment opportunity Features 8 Single Family Residences on 3 lots, 7 of which are rented bringing in a 7 CAP currently! with some renovation the 8th home would allow for a relatively easy 8+ CAP property! This listing features a few address', 268 Ocotillo dr, Apache Junction, Az 1032 & 1034 n Main dr, Apache Junction, Az 6 Are Stick built homes, 2 are pre-HUD manufactured homes. Single Families will likely allow for a highher rent premium than a standard apartment! This is the deal of 2026! Reach out with questions and drive-by only. DO NOT DISTURB TENANTS!

Additional Information

Taxes
$3,396
Net Operating Income
$95,806
Cap Rate
7.1
Units
8
Parking Features
<1 Space Per Unit
Construction
Wood Frame, Painted, Stucco, Steel Siding, Wood Siding
Roofing
Composition
Cooling
Central Air, 2 or More Units, Window/Wall Unit, Ceiling Fan(s)
Heating
Electric, Heat Pump
Zoning
MS10
Subdivision
Cayton Subdivision
Community Features
No Pool
Electric
SRP
Water
City Franchise
Tenant Pays
Electricity, Gas
New Financing
Conventional, Cash
High School
Apache Junction High School

Courtesy of Better Homes & Gardens Real Estate SJ Fowler. 480-649-3536

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