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Sold on 08/20/2019

461 W 16th Ave, Apache Junction, AZ 85120

  • $315,000

    Last sold 08/20/2019 after 34 Days

  • 8

    bed

  • 4

    bath

Multi-family not for sale
Movoto is helping 43 homebuyers near you

About 461 W 16th Ave

Property type Multi-family
Year built 1982
HOA fee $0/month
Property description
Come and see your next 4-plex investment! Almost at an 8% cap rate. All units rented but some month-month contracts leave option for primary residence buyer. Under professional property management. Easy to rent. Three newer AC units. All solid surface flooring throughout for low maintenance. Washer/dryer hookups. ALL utilities (electric, water, and trash) in tenants' individual names. No worrying about a leaky toilet and an unexpectedly high water bill! No HOA. One tenant since 2012 has low lease rate of only $615 plus tax. Newest two tenants are at $715 plus tax. Drive by only; showing with accepted offer. Buyer to verify all facts and figures.
Listed by
Listing Agent - Kathryn T Jones
Listing Agent Contact: Ijay@evolverealty.com
Listing Office - Evolve Realty, LLC
Source: ARMLS mls logo
MLS#5954547 • last updated 1 year ago
Movoto checked ARMLS for data 2 minutes ago
Overview
Cooling/AC Central Air, Electric
Heating Central, Electric
MLS # 5954547
Type Multiple Dwellings
Status Closed
Property Tax 1236
Year Built 1982
Interior
Flooring Ceramic Tile, Vinyl
Appliances Built-In Range, Refrigerator, W/D Hookup
Exterior
Roof Composition
Construction Wood Frame, Siding, Painted
Parking <1 Space Per Unit
# of Open Parking Spaces 8
Amenities / Utilities
Water Source Individual Meter
Sewer/Septic Septic Tank
Location
Subdivision SUPERSTITION VILLA
Community Features No Pool
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 102-22-006
Zoning Multi-Family
Directions From US 60, North On Idaho Ave. West On 16th Ave; Property On South Side Of Street.
Multifamily Details
Total # of Units 4
Expense: Operating 8279
Financial Data Source Owner
Expense: Insurance 800
Net Operating Income 26340
Gross Income 32583
Expense: Other 6243
Gross Scheduled Income 32583
We are not permitted to show value estimates for this property.
  • Aug 2019
    mls logo MLS # 5954547
  • Aug 20, 2019 Sold
    $315,000 (-6.0%)
  • Jul 17, 2019 Listed
    $335,000 (+131.0%)
  • Oct 2014
    mls logo MLS # 5170004
  • Oct 8, 2014 Sold
    $145,000 (-11.3%)
  • Sep 1, 2014 Listed
    $163,500
  • 461 W 16th Ave
    $315K
  • —
  • 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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