• Ruby Threlkel

For Sale: 282 N PALO VERDE DR. Apache Junction, AZ 85120(5 Plex)

Updated: Nov 8


For Sale:

5 Plex

282 N PALO VERDE Dr, Apache Junction, AZ 85120

$850,000

5 Bedrooms

5 Bathrooms

2,500 SqFt Living area

27,019 sqft Lot Size


* * Seller Financing Available * * Beautifully maintained 5-plex property located in Apache Junction on a 1/2 acre lot. 2 out of the 5 units are fully remodeled, Remodeled units are B and C. They have new mini splits, New Interior paint, New fans, remodeled bathrooms, with new tubs and plumbing. Lot has lots of parking. Unit A is a 1/1 house. Unit B and Unit C are a duplex both remodeled, Unit B has a garage and unit C has a carport space. Both have private fenced back yard. Duplex D and E are located in the front of the property both have carport space parking and large fenced backyards. Don't let this incredible opportunity slip by! Each unit has their own electric meter. Owner pays the water.


Schedule a Showing >>>


Call or Text Ruby at 623-326-0029 with questions.

Ruby Threlkel-Ceja

Expanse Real Estate Team

Delex Realty

Ruby: 623-326-0029

cejarealty@gmail.com





Home Facts

Status Active Property Type 5-12 Units Year Built 1950 Community AMD PLAT OF NEWTOWN


Parking

Parking Information # of Parking Spaces (Total): 9.00 # of Parking Spaces (Covered): 4

  • # of Parking Spaces (Uncovered): 5

  • Less Than 1 Space Per Unit, Additional Parking, Attached Parking, Carport, Free Parking, Garage, RV/Boat Parking, Street Parking


Interior

Appliances & Equipment Free-Standing Oven/Range Included, Refrigerator Included


Interior Features Ceramic Tile Floors Fire/Smoke Alarm(s)


Heating & Cooling Electric, See Remarks, Wall Furnace, Window/Wall Heating Unit(s) Ceiling Fan(s), Evaporative Cooling, Window/Wall Cooling Unit

1 Bedroom Unit Information # of Units: 5 # of Bathrooms: 5

  • Average Sq. Ft.: 500

  • Average Rent: $800


Exterior

Building Information Block Construction, Wood Frame Construction Painted Exterior, Stucco Exterior

  • Composition Shingle Roof, Other Roof (See Remarks)

Guest House Information Guest House Sq. Ft.: 9

Property Features Cable TV Available, Desert Landscaping, Fenced, Partially Fenced, Patio/Balcony, RV/Boat Parking, Security Light(s), Separate Storage


Property Information Marketing Name: AMD PLAT OF NEWTOWN Week Available (Timeshare): 5.00

  • Leased Acres (Approximate): 5

  • Zoning: Multi Family

  • Tax Municipality: Pinal County

  • Assessor Number: 101-02-005

  • Assessor's Book #: 101

  • Assessor's Map #: 2

  • Assessor's Parcel #: 5

  • Legal: LOT 9 BLOCK 1 AMD PLAT OF NEWTOWN CAB 5 SLD 23A

Lot Information Lot Size Dimensions: 27,019 Asphalt/Blacktop Roads/Streets


Financial Information Annual Gas Expense: $1,200 Annual Trash Expense: $410

  • Annual Water/Sewer Expense: $900

  • Operating Expense: $2,510

  • Gross Annual Scheduled Income: $64,800

  • Adjusted Gross Income: $61,560

  • Vacancy Allowance: 0.05

  • Total Month Rental Income: $5,500

  • Net Operating Income: $62,290

  • Cap Rate: 6.23

  • Equity: $999,999

  • Existing 1st Loan: Treat as Free & Clear

  • New Financing: Conventional, Seller May Carry, VA

  • Taxes: $1,624

  • Tax Year: 2021

  • Financial Data Provided by Owner


Ruby Threlkel-Ceja

Expanse Real Estate Team

Delex Realty

Ruby: 623-326-0029

cejarealty@gmail.com


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