Dallin Wright

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1

Closed Sales

$400K

Total Value

$400K - $400K

Price Range

$400K

Average Price

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SOLD/OFF MARKET LISTINGS

Apache Junction AZ Residential Income for Sale

Welcome to Grand View Apartments located in Apache Junction, with nice mountain views. This property features one studio currently collecting $575 and pro-forma $650. One bedroom one bathroom currently vacant and separate electric meter pro-forma $850. Two bedroom one bath unit currently vacant proforma $1,100 also separately metered for electric. Three bedroom one bath unit is currently at $975 pro-forma $1200-1400. Buildings are set up for central AC, but are currently using wall units. Rents are below market with room to increase and one unit is on a short term lease fully furnished. Tile floors throughout with new paint and other capital improvements made on the recently leased units. Current rents about a 5.78% cap and proforma cap is 6.24% once units are rents raised. Do not disturb tenants. Drive by only. All facts and figures are approximate buyer verify MLS information.

Closed
$400,000 Closed
- bds
- 0 ba
- sqft
225 S GRAND Drive

Apache Junction, AZ
Listing by: Dallin Wright - Venture REI, LLC