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468 N Ironwood Dr, Apache Junction, AZ 85120

  • $999,000

  • 9

    bed

  • 6

    bath

Multi-family for sale 21 days
Movoto is helping 43 homebuyers near you

About 468 N Ironwood Dr

Property type Multi-family
Year built 1950
HOA fee $0/month
Property description
Seven units, one lot, 7.40% cap rate -- priced to move at $990,000. This stabilized Apache Junction multi-family delivers consistent occupancy and a rent roll sitting below (Current rent roll runs $6,850/mo against a realistic market ceiling of $7,650-$8,350/mo -- upside investors can capture) market across every unit type, creating a clear path to $83K-$91K in stabilized NOI. Recent price reduction plus seller financing (25% down, 8%, 3-5 year balloon) make this a rare entry point into a performing asset. Minimal competing supply, strong workforce rental demand near Loop 202/US-60, ASU, and AJ Town Center. Seller may carry.
Listed by
Listing Agent - Eric Williamson
Listing Office - Orchard Brokerage
Source: ARMLS mls logo
MLS#7048921 • last updated 2 weeks ago
Movoto checked ARMLS for data 4 minutes ago
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Overview
Cooling/AC Evaporative Cooling, Other, Window/Wall Unit, Electric, Heat Pump, Individual
Heating Forced Air, Electric
MLS # 7048921
Type Multiple Dwellings
Status Active
Property Tax 1563
Year Built 1950
Interior
Flooring Carpet, Ceramic Tile, Concrete
Appliances Built-In Range, Disposal, Refrigerator, W/D Hookup
Exterior
Roof Other
Construction Wood Frame, Painted, Block
Parking RV Access/Parking, See Remarks, Free, Add'l Parking Avail, Boat
Amenities / Utilities
Water Source Private
Sewer/Septic Septic Tank
Location
Subdivision AMD PLAT OF NEWTOWN
Community Features Other, See Remarks, No Pool
Elementary School The Classical Academy At Superstition Mountain
Elementary School District Apache Junction Unified District
High School District Apache Junction Unified District
High School Apache Junction High School
APN 101-02-074-O
Zoning GR
Multifamily Details
Total # of Units 7
Expense: Operating 29663
Financial Data Source Owner
Expense: Insurance 3000
Net Operating Income 73300
Gross Income 84000
Expense: Electric 1800
Expense: Trash 1800
Expense: Professional Management 18000
Expense: Water/Sewer 3500
Gross Scheduled Income 84000
Lot/ Land Details
Road Surface Asphalt
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3/10
Four Peaks 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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  • Real Estate
  • AZ
  • Pinal County
  • Apache Junction
  • 85120
  • 468 N Ironwood Dr

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