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Sold on 11/16/2016

108 N Meridian Rd, Apache Junction, AZ 85120

$1,195,000

Last sold 11/16/2016 after 215 Days

  • 21

    bed

  • 19

    bath

Multi-family not for sale
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About 108 N Meridian Rd

Property type Multi-family
Year built 1985
HOA fee $0/month
Property description
Fantastic investment opportunity with great growth potential. (17) one bedroom/1bath units, (9) 2 bedroom,2bath units and (1) studio apartment. This freshly exterior painted complex consists of (4) 2 story buildings and (1) single story. Onsite laundry. Tons of upside with plenty of jobs within a 2 mile radius and future growth is phenomenal! Please show respect to the tenants and drive by only. You will not be disappointed.
Listed by
Listing Agent - Cameron M Dana
Listing Office - Dana Realty and Management
Source: ARMLS mls logo
MLS#5428917 • last updated 9 years ago
Movoto checked ARMLS for data 6 minutes ago
Overview
Cooling/AC Ceiling Fan(s), Electric
Heating Heat Pump, Electric
MLS # 5428917
Type Multiple Dwellings
Status Closed
Property Tax 7299
Year Built 1985
Interior
Flooring Carpet, Ceramic Tile, Wood
Appliances Free-Standing Range, Refrigerator
Exterior
Roof Composition
Construction Wood Frame, Siding, Painted
Parking Paved, Free, Assigned, <1 Space Per Unit, On Street
# of Open Parking Spaces 60
Amenities / Utilities
Water Source City Franchise
Sewer/Septic Private Sewer
Location
Community Features No Pool
Elementary School District Apache Junction Unified District
High School District Apache Junction Unified District
APN 220-65-003-T
Zoning M-H
Directions U.S. 60 EAST TO MERIDIAN. NORTH TO PROPERTY ON THE WEST SIDE OF THE ROAD.
Multifamily Details
Total # of Units 27
Expense: Operating 42799
Financial Data Source Owner
Expense: Maintenance 2000
Vacancy Allowance 0.05
Expense: Insurance 6000
Gross Income 144020
Expense: Electric 2000
Expense: Fuel 1200
Expense: Trash 3600
Expense: Water/Sewer 15000
Gross Scheduled Income 150000
Expense: Gardener 5500
We are not permitted to show value estimates for this property.
  • Nov 2016
    mls logo MLS # 5428917
  • Nov 16, 2016 Sold
    $1,195,000
  • Apr 15, 2016 Listed
    $1,250,000 (+16.3%)
  • Nov 2016
    Public Records
  • Nov 8, 2016 Sold
    $1,195,000 (-4.4%)
  • Mar 2006
    Public Records
  • Mar 27, 2006 Sold
    $1,075,000
  • Year Property taxes Tax assessment
  • 2024
    $10,167 +2.0%
    $511,570
  • 2023
    $9,966 +3.0%
    $511,570 +53.34%
  • 2022
    $9,678 +0.4%
    $333,610 +34.52%
  • 2021
    $9,640 +1.7%
    $248,000 +8.84%
  • 2020
    $9,479
    $227,860
  • 108 N Meridian Rd
    $1.19M
  • —
  • 85120
    $519K +4% y/y
  • Apache Junction
    $504K +4% y/y
No chart available
Statistics calculated by Movoto

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5/10
Sousa Elementary School
public Grades PK, K-6
Mesa Unified School District
10/10
Franklin at Brimhall Elementary School
public Grades PK, K-6
Mesa Unified School District
8/10
Franklin Elementary School
public Grades PK, K-6
Mesa Unified School District
3/10
Smith Junior High School
public Grades 7-8
Mesa Unified School District
4/10
Skyline High School
public Grades 9-12
Mesa Unified School District
Source: GreatSchools.org © 2026. All rights reserved.

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