Listed by Realty One Group Gilbert
$735,000
Apache Drive
Details
APN 102-22-301
Property Type Multifamily
Sub Type Apartment Building
Square Footage 3,136
Units 4
Cap Rate 6.29%
NOI $46,262
Price per SqFt $234
Broker Co-Op Yes
Year Built 1982
Buildings 1
Stories 1
Lot Size (SqFt) 10,386
Zoning GR
Multifamily | 4 Units | $183,750/unit
Marketing description
Incredible 4-Plex investment opportunity close to the US-60 in Apache Junction. All 2 bedrooms/1 bathroom, individual laundry rooms in each unit, and all units have exterior storage rooms. Three single level units have private, enclosed patios. Unit 2 was updated in 2020, exterior paint completed in 2020, new roof installed in 2019, staircase was replaced in 2020, and fence installed in 2018. Rents: 1 at $1,123.10 M2M (LONG TERM TENANT), 2 at $1,150 Exp 11/01/2026, 3 at $1,150 Exp 10/01/2026, 4 at $1,050 Exp 12/29/2026. All units individually metered for electric. Professionally managed! Qualifies for residential financing! **DO NOT DISTURB TENANTS; DRIVE-BY ONLY**
Listing Contacts
Listed by Realty One Group Gilbert
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$46,262.00
$3,855.17/mo
Valuation Metrics
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DSCR
6.29%
Cap Rate
6.29%
ROI
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