Movoto Real Estate
Search
About Home value Property history Market statistics Schools Neighborhood Places of interest
Sold on 10/20/2022
  • Map Image
  • Map Image
  • Map Image

561 S Meridian Rd, Apache Junction, AZ 85120

  • $540,000

    Last sold 10/20/2022 after 57 Days

  • 9

    bed

  • 7

    bath

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

About 561 S Meridian Rd

Property type Multi-family
Year built 1957
HOA fee $0/month
Property description
This four plex was completely remodeled in 2019 and brought up to date. It has been fully rented since the rehab. This is a great cash flow opportunity with room to raise rents. Current rents are $4085 monthly. There are three 2 bed 1 bath apartments and one 3 bed 2 bath apartment. This is a single level property. Units are individually metered for electric - tenant pays. These units have been professionally managed and have leases in place. ***DO NOT DISTURB TENANTS, DRIVE BY ONLY PLEASE*** Some of the information provided by the owners was estimated, please do your own research.
Listed by
Listing Agent - Khyl Halbert
Listing Office - Mynd Property Management
Source: ARMLS mls logo
MLS#6454584 • last updated 3 months ago
Movoto checked ARMLS for data 10 minutes ago
Overview
Cooling/AC Central Air, Individual
Heating Individual, Central
MLS # 6454584
Type Multiple Dwellings
Status Closed
Property Tax 2134
Year Built 1957
Interior
Flooring Carpet, Ceramic Tile
Appliances Free-Standing Range
Exterior
Roof Composition
Construction Painted, Stucco, Block
Parking >1 Space Per Unit
# of Open Parking Spaces 8
Amenities / Utilities
Water Source Master Meter, Private
Sewer/Septic Sewer-In & Connected, Public Sewer
Location
Subdivision SMYTHE'S COUNTY LINE SUBDIVISION
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 101-08-008
Zoning GR
Multifamily Details
Total # of Units 4
Expense: Operating 14956
Financial Data Source Owner, Projected Proforma
Expense: Maintenance 2000
Vacancy Allowance 0.05
Expense: Insurance 2400
Net Operating Income 33000
Gross Income 46569
Expense: Trash 598
Expense: Professional Management 5200
Expense: Water/Sewer 2624
Gross Scheduled Income 49020
Lot/ Land Details
Road Surface Asphalt
We are not permitted to show value estimates for this property.
  • Jun 2025
    mls logo MLS # 6853973
  • Jun 5, 2025 Price Change
    $774,450
  • Apr 18, 2025 Listed
    $774,950 (+43.5%)
  • Oct 2022
    mls logo MLS # 6454584
  • Oct 19, 2022 Sold
    —
  • Oct 6, 2022 Pending
    —
  • Oct 6, 2022 Listed
    —
  • Oct 5, 2022 Sold
    $540,000 (+8.0%)
  • Aug 31, 2022 Pending
    —
  • Aug 24, 2022 Listed
    $499,900
  • 561 S Meridian Rd
    $540K
  • —
  • 85120
    $485K 0% y/y
  • Apache Junction
    $484K +1% y/y
No chart available
Statistics calculated by Movoto

Thinking of selling? Get a Cash Offer.

  • A smooth, fast sale
  • Skip staging and repairs
  • No strings attached
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.

Around the neighborhood

Explore everything this neighborhood has to offer.
View homes for sale in 85120, AZ
By entering my info and clicking Ask a Question below, I am providing my e-signature and express written consent to receive marketing emails, calls, and texts (including via automatic telephone dialing systems, AI generative, artificial or pre-recorded voice technology) relating to my inquiry from Movoto (and parties calling/messaging on their behalf) even if my number appears on the company, state, or national Do Not Call Registry. You also agree to ourTerms and Conditions and Privacy Policy. Consent not required to receive services (call 1-844-420-1270 to be connected without providing consent).

Nearby recently sold homes in Apache Junction, AZ

Nearby homes for sale in Apache Junction, AZ

Newest listings in 85120

  • Real Estate
  • AZ
  • Pinal County
  • Apache Junction
  • 85120
  • 561 S Meridian Rd
Meet with a real estate agent today (844) 430-0869
  • Movoto Logo
  • Download IOS APP Download Android APP
The multiple listing information is provided by Arizona Multiple Listing Service, Inc.. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Buyer to verify all information. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information updated every 15 minutes. Terms of use & Privacy Policy, California Privacy Info. Copyright © 2005 - 2026 Movoto, Inc. All rights reserved. Equal Housing Opportunity CalDRE CalDRE #01517281
Movoto Real Estate is committed to ensuring accessibility for individuals with disabilities. We are continuously working to improve the accessibility of our web experience for everyone. We welcome feedback and accommodation requests, please submit them here.
Arizona Multiple Listing Service™ system
The real estate listing data marked with this icon comes from the IDX program of the Arizona Multiple Listing Service™ system. All information provided is deemed reliable but is not guaranteed and should be independently verified. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.
Requests for information regarding mortgage products will be directed to Movoto.com affiliate, Lower, LLC - a licensed Mortgage Lender (NMLS #1124061), or, based on your location, may be redirected to a participating mortgage marketing partner that may pay Lower, LLC for any consumer contact information provided through this site.