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    268 N Ocotillo Drive

    Apache Junction, AZ 85120
    • $355,000
    • STATUS: Active Under Contract
    • ON SITE: 19 days
    • MLS #: 6129610
    Under Contract
    $355,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1957
    County:

    Description

    Incredible opportunity for investment in Apache Junction. Four single family units in four separate buildings on nearly 3/4 acres of property. Plenty of parking and all have private yards. Great CAP rate over 8% to add to your investment portfolio. One 2 bed/2 bath with bonus room/3rd bedroom. The other 3 units are 1 bedroom/1 bathroom. All well maintained and fully occupied with long-term tenants. Great location with easy access to freeways and lots of shopping and restaurants. Excellent potential for income.

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    © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than Maison DeBlanc Real Estate. Data last updated 2020-09-30T00:11:23.93.
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    268 N Ocotillo Drive Apache Junction, AZ 85120

    • Price: $355,000
    • Status: Active Under Contract
    • MLS #: 6129610
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1957
    Built
    Neighborhood:
    Cayton Subdivision
    County:
    Pinal
    Area:
    Apache Junction
    Elementary School:
    Four Peaks Elementary School - Apache Junction
    Middle School:
    Cactus Canyon Junior High
    High School:
    Apache Junction High School
    School District:
    0043 - Apache Junction Unified District - Pinal
    Property Description
    Incredible opportunity for investment in Apache Junction. Four single family units in four separate buildings on nearly 3/4 acres of property. Plenty of parking and all have private yards. Great CAP rate over 8% to add to your investment portfolio. One 2 bed/2 bath with bonus room/3rd bedroom. The other 3 units are 1 bedroom/1 bathroom. All well maintained and fully occupied with long-term tenants. Great location with easy access to freeways and lots of shopping and restaurants. Excellent potential for income.
    Exterior Features

    Construction BlockFrame - Wood Construction Finish PaintedStucco Covered Parking Spaces 3.00 Exterior Amenities Cable Tv AvailableDesert LandscapingFenced Lot Size Dimensions 0.72 Acres / 31363 Sqft Parking Add'l Parking AvailCarport Roads ConcreteDirtGravel Roofing Comp Shingle

    Interior Features

    1 Bedroom Unit Avg Sq Ft 668 1 Bedroom Unit Baths 1 2 Bedroom Unit Avg Sq Ft 1200 2 Bedroom Units Baths 2 3 Bedroom Unit Avg Sq Ft 0 3 Bedroom Unit Baths 0 4 Bedroom Unit Avg Sq Ft 0 4 Bedroom Unit Baths 0 Appliances Included W/D Hookup Cooling Central A/CEvaporativeOther (See Remarks) Efficiency Unit Avg Sq Ft 0 Efficiency Unit Baths 0 Floors CarpetCeramic TileConcreteVinyl/Composition Heating Electric Interior Amenities Unfurnished

    Property Features

    1 Bedroom Unit Avg Rent 633.00 1 Bedroom Units 3 2 Bedroom Unit Avg Rent 800.00 2 Bedroom Units 1 3 Bedroom Unit Avg Rent 0.00 3 Bedroom Units 0 4 Bedroom Unit Avg Rent 0.00 4 Bedroom Units 0 Adjusted Gross Inc 32400.00 Annual Gas Exp 0.00 Annual Ins Exp 1200.00 Annual Land Lse Exp 0.00 Annual Legal And Acctg 0.00 Annual Maint Exp 1200.00 Annual Mgmt Exp 0.00 Annual Other Expense 0.00 Annual Ownr Asoc Fee 0.00 Annual Rplcmnt Rsrvs 0.00 Annual Trash Exp 900.00 Annual Wtr Swr Exp 1500.00 Community Amenities No Pool Cross Street Apache Trail / Ironwood Efficiency Unit Avg Rent 0.00 Efficiency Units 0 Electric Individual MeterSrp Gas None Gross Annual Sch Inc 32400.00 Hoa YN No Net Operating Income 28800.00 New Financing 1031 ExchangeConventionalCtlVa Operating Exp 6417.00 Other Income 0.00 Owner Pays Trash CollectionWater Project Type Four Plex Sale Includes Land & BuildingOther (See Remarks) Sewer SepticSeptic in & Cnctd Source Of Financial Data Provided By Owner Tax Municipality Pinal - County Taxes 1617.00 Tenant Pays Cable TvElectric UCB Ucb (Under Contract-Backups) Vacancy Allowance 0.00 Water City FranchisePrivate Franchise Zoning Gr

    Listing courtesy of Keller Williams Realty Biltmore Partners.


    © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than Maison DeBlanc Real Estate. Data last updated 2020-09-30T00:11:23.93.
     
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