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Sold on 06/28/2023
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506 E Southern Ave E #11, Apache Junction, AZ 85119

  • $550,000

    Last sold 06/28/2023 after 29 Days

  • 8

    bed

  • 4

    bath

Multi-family not for sale
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About 506 E Southern Ave E #11

Property type Multi-family
Neighborhood
Year built 1982
HOA fee $0/month
Property description
This 4-Plex has easy access to Highway 60 in Apache Junction. The exterior of the building was just remodeled this May, as well as, painted.. All facia boards were replaced, as well. The unit has four remodeled secured laundry rooms with easy access. Ample parking in the rear of the building. Each unit has its owned private fenced for privacy. There are FOUR - 2 bedroom units with one bath each. All units are rented with solid tenants. Cap rate 6.49%
Listed by
Listing Agent - Robert Francis Russo
Listing Office - United Real Estate-Alliance
Source: ARMLS mls logo
MLS#6562638 • last updated 2 years ago
Movoto checked ARMLS for data 7 minutes ago
Overview
Cooling/AC Electric, Heat Pump
Heating Heat Pump, Electric
MLS # 6562638
Type Multiple Dwellings
Status Closed
Property Tax 1385
Year Built 1982
Interior
Flooring Carpet, Ceramic Tile, Vinyl, Concrete
Appliances Built-In Range, Free-Standing Range, Disposal, Dishwasher, Refrigerator, W/D Hookup
Exterior
Roof Composition
Construction Wood Frame, Painted
Parking Free, Assigned
# of Open Parking Spaces 8
Amenities / Utilities
Water Source City Franchise
Sewer/Septic Septic In & Cnctd, Septic Tank
Location
Subdivision PALM SPRINGS #11 LOT 1182
Community Features No Pool
Elementary School Superstition Mountain Elementary School
Elementary School District Apache Junction Unified District
Middle School Desert Mountain School
High School District Apache Junction Unified District
High School Apache Junction High School
APN 102-06-083
Zoning (04-02) RENTAL
Directions US 60 EAST TO S IDAHO ROAD. EXIT NORTH ON S IDAHO TO WEST ON SOUTHERN AVENUE. FOLOW SOUTHERN AVE WEST TO FOURTH HOUSE ON THE LEFT AFTER CROSSING SOUTH WINCHESTER ROAD.
Multifamily Details
Total # of Units 4
Expense: Operating 9890
Financial Data Source Owner
Expense: Maintenance 2500
Expense: Insurance 720
Net Operating Income 38895
Gross Income 47400
Expense: Other 1385
Expense: Trash 240
Expense: Water/Sewer 960
Gross Scheduled Income 47400
Expense: Gardener 2400
We are not permitted to show value estimates for this property.
  • Jun 2023
    mls logo MLS # 6562638
  • Jun 28, 2023 Sold
    $550,000 (-8.2%)
  • Jun 4, 2023 Pending
    —
  • May 30, 2023 Listed
    $599,000
  • 506 E Southern Ave E #11
    $550K
  • Palm Springs
    —
  • 85119
    $464K 0% y/y
  • Apache Junction
    $479K +1% y/y
No chart available
Statistics calculated by Movoto

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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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  • 506 E Southern Ave E #11
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