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Sold on 11/30/2016

1944 S Monterey Dr, Apache Junction, AZ 85120

  • $538,000

    Last sold 11/30/2016 for $230K

  • 8

    bed

  • 4

    bath

Multi-family not for sale
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About 1944 S Monterey Dr

Property type Multi-family
Year built 1984
HOA fee $0/month
Movoto estimate
Property description
This is a fully occupied 4 plex property. Great investment opportunity in excellent condition. Each unit is a 2 bedroom 1 bath with washer/dryer connections in each unit. Upstair units have linoleum and carpet flooring. Downstairs units have tile flooring. Covered parking is first come first served. Must have an accepted contract in order to view the inside of the property during inspection period. Water and Electric is individually metered to tenants. With current leases in place property is generating around a 8% CAP rate. Buyer to verify all facts and figures.
Listed by
Listing Agent - Frederick P Weaver IV
Listing Office - Keller Williams Realty Phoenix
Source: ARMLS mls logo
MLS#5470401 • last updated 1 year ago
Movoto checked ARMLS for data 10 minutes ago
Overview
Cooling/AC Heat Pump
Heating Heat Pump
MLS # 5470401
Type Multiple Dwellings
Status Closed
Property Tax 1419
Year Built 1984
Interior
Flooring Other, Carpet, Ceramic Tile
Appliances Free-Standing Range, Dishwasher, Refrigerator, W/D Hookup
Exterior
Roof Composition
Construction Wood Frame, Painted
Parking Other, 1 Space/Unit
# of Covered Spaces 4
Amenities / Utilities
Water Source Individual Meter
Sewer/Septic Public Sewer
Location
Subdivision SUPERSTITION VILLA
Community Features No Pool
Elementary School Desert Vista Elementary School
Elementary School District Apache Junction Unified District
Middle School Cactus Canyon Junior High
High School District Apache Junction Unified District
High School Apache Junction High School
APN 102-22-130
Zoning R-2
Directions US 60 To Idaho. North On Idaho To 16th Ave., West To Monterey, South To Property.
Multifamily Details
Total # of Units 4
Expense: Operating 4983
Financial Data Source Owner
Expense: Maintenance 900
Net Operating Income 23500
Gross Income 23500
Expense: Trash 576
Expense: Water/Sewer 1668
Gross Scheduled Income 23500
Expense: Gardener 420
$538K
Range: $468K-$607K
Last 30 days 
  • Dec 2018
    mls logo MLS # 5781870
  • Dec 1, 2018 Sold
    $309,000 (-7.8%)
  • Jun 13, 2018 Listed
    $335,000 (+45.7%)
  • Nov 2016
    mls logo MLS # 5470401
  • Nov 30, 2016 Sold
    $230,000 (+2.2%)
  • Jul 14, 2016 Listed
    $225,000
  • 1944 S Monterey Dr
    $230K
  • —
  • 85120
    $486K +1% y/y
  • Apache Junction
    $479K +1% y/y
No chart available
Statistics calculated by Movoto

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3/10
Desert Vista Elementary School
public Grades PK, K-5
Apache Junction Unified District
2/10
Apache Junction High School
public Grades 9-12
Apache Junction Unified District
Source: GreatSchools.org © 2026. All rights reserved.

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