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1460 S De Niza Road

Apache Junction, AZ 85119
  • $445,000
  • STATUS: Active Under Contract
  • ON SITE: 38 Days
  • MLS #: 6330526
Under Contract
UPDATED: 59 min ago
$445,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1997
County:

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.

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© 2022 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 Conway Real Estate. Data last updated 2022-01-17T17:12:20.243.
www.searchvalleyrealestate.com/homes/123910642
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1460 S De Niza Road Apache Junction, AZ 85119

  • Price: $445,000
  • Status: Active Under Contract
  • On Site: 38 Days
  • Updated: 59 min ago
  • MLS #: 6330526
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1997
Built
County:
Pinal
Area:
Apache Junction
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
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.
Exterior Features

Construction Frame - Wood Construction Finish PaintedStucco Covered Parking Spaces 4.00 Exterior Amenities Cable Tv AvailableDesert LandscapingFencedPatio/Balcony Lot Size Dimensions 9648 Parking >1 Space Per UnitAdd'l Parking AvailAttachedAuto Door OpenerGaragePaved Parking Roads Asphalt Roofing Comp Shingle

Interior Features

1 Bedroom Unit Avg Sq Ft 0 1 Bedroom Unit Baths 0 2 Bedroom Unit Avg Sq Ft 984 2 Bedroom Units Baths 1 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 F/S Oven/RangeRefrigeratorW/D Hookup Cooling Central A/CElectric Efficiency Unit Avg Sq Ft 0 Efficiency Unit Baths 0 Floors Ceramic TileOtherVinyl Heating CentralElectric Interior Amenities Fire/Smoke Alarm(S)Mini BlindsUnfurnished

Property Features

1 Bedroom Unit Avg Rent 0.00 1 Bedroom Units 0 2 Bedroom Unit Avg Rent 950.00 2 Bedroom Units 2 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 22800.00 Annual Ins Exp 669.00 Annual Maint Exp 401.00 Annual Ownr Asoc Fee 0.00 Community Amenities See Remarks Cross Street Winchester & 16th Ave/Hondo Efficiency Unit Avg Rent 0.00 Efficiency Units 0 Electric Individual MeterSrp Gas None Gross Annual Sch Inc 22800.00 Hoa YN No Net Operating Income 20044.00 New Financing ConventionalFhaSeller May Carry Operating Exp 2756.00 Other Income 0.00 Owner Pays None Project Type Duplex Sale Includes Building(S) Only Sewer Septic in & Cnctd Source Of Financial Data Provided By Owner Special Owner/Agent Tax Municipality Apache Junction Taxes 1686.00 Tenant Pays Cable TvElectricLandscapingTrashWater Totl Mnth Rntal Inc 1900.00 UCB Ucb (Under Contract-Backups) Vacancy Allowance 0.00 Water City FranchiseIndividual Meter Zoning Multi Family

Listing courtesy of Coldwell Banker Realty.


© 2022 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 Conway Real Estate. Data last updated 2022-01-17T17:12:20.243.
 
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Conway Real Estate
2345 E Thomas Rd. 150
Phoenix AZ, 85016