This Multifamily Property is Off-Market.

1573 E. 26th Ave.
Apache Junction, AZ 85219 ·

4 Units · Multifamily For Sale

N/A

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Gorgeous Newer Apache Junction Fourplex!

Price N/A Commission Split 3%
No. Units 4 Occupancy 100%
Building Size 3,280 SF No. Stories 2
Property Type Multifamily Year Built 2002
Property Sub-type
Duplex/Triplex/Fourplex
More...
  • Garden/Low-Rise
  • Mid/High-Rise
APN / Parcel ID 102-27-203
Property Use Type Investment
Listing ID: 14405817 Date Created: 11/15/2005 Last Updated: 09/23/2006

Description

This exceptional fourplex is a one-of-a-kind investment opportunity. It is extremely rare to find a 4plex that is this NEW (built in 2002)!!! It has brand new carpet in 2 of the units, and newer flooring in the other units. The seller has made several other improvements such as new interior paint in several units, exterior landscaping, dual pane windows, berber carpet in some units, 6 panel colonial doors, and washer/dryer hookups in each unit. There are beautiful views of the Superstition Mountains as well, and especially from 2nd story units. The building has a prime location with great marketing exposure in the easy to rent area of Apache Junction. It is currently 3/4 occupied with long term, 12 month leases at average rental rates for the area ($500/unit/mo.). This neighborhood is located in a rapidly growing corridor of the East Valley. There was just a major release of state trust land to be developed in this area, and there is real opportunity for growth and appreciation for this property in the next 5-10 years as the area continues to be developed.

Apache Junction is a unique town in the heart of the rapidly growing East Valley. With sweeping views of the Superstition Mountains and plenty of freshly available land for development, this area is becoming the darling of developers, land brokers and residents alike. This fourplex is located in a neighborhood that consists of other small multifamily dwellings, as well as single family homes and new planned communities. It is consistently rented by local tenants, and has proved to be an exceptional value for investors. Apache Junction is one of the rare locations in the entire Metro Phoenix area where you can find a brand new or newer 4plex at a reasonable price. This area will be changing rapidly over the next few years as developers (commercial, industrial and residential) begin to change the landscape with everything from new retail to million dollar homes in the foothills to planned residential communities. This area is an exceptional investment opportunity.

Highlights

  • High Quality Units!
  • Fantastic Marketing Window!
  • Gorgeous Mountain Views!
  • Plenty of Paved Parking for Tenants!
  • Long Term Leases!
  • Beautiful 2BD/1BA Units with New Flooring!

Research

1573 E. 26th Ave., Apache Junction, AZ 85219

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