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Sold on 08/31/2017

627 W 16th Ave, Apache Junction, AZ 85120

  • $1,236,800

    Last sold 08/31/2017 after 42 Days

  • 32

    bed

  • 2

    bath

Multi-family not for sale
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About 627 W 16th Ave

Property type Multi-family
Year built 1982
HOA fee $0/month
Property description
These 16 Units Have Been Meticulously Maintained by Long Term Owner Operators. Vacancy is Extremely Rare. Many of The Tenants Have Been There Years and Years. 12 of the Units are Townhouse Style With 2 Bedroom and 2 Baths and 8 of Them With Single Car Garages With 4 of Them Converted to More Living Space. Each Unit Has a Separate Storage Area and Fenced Yards. The additional 4 Units Are Single Level 2 Bedroom , 1 Bath With Separate Storage and Yards. There Are four Buildings Each One of Them a Fourplex on It's Own Parcel Making Commercial or Residential Financing Available. Compared to Many Real Estate Multifamily Investments in the Phoenix/Mesa Metro Area These Units By Far Make More Economic Sense And May Continue to Grow in Value as Apache Junction is Booming With Development Within and Certainly on It's Boarders. Additional Addresses are 655 W. 16th Ave, 341 W 20th Ave and 371 W 20th Ave, Apache Junction
Listed by
Listing Agent - Steven J. Fowler
Listing Office - Better Homes & Gardens Real Estate SJ Fowler
Source: ARMLS mls logo
MLS#5635771 • last updated 8 years ago
Movoto checked ARMLS for data 10 minutes ago
Overview
Cooling/AC Electric
Heating Electric
MLS # 5635771
Type Multiple Dwellings
Status Closed
Property Tax 5534
Year Built 1982
Interior
Flooring Carpet, Vinyl
Appliances Free-Standing Range, Dishwasher, Refrigerator
Exterior
Roof Composition
Construction Wood Frame, Painted
Parking RV Access/Parking, Free, >1 Space Per Unit, On Street
# of Open Parking Spaces 16
# of Covered Spaces 8
Amenities / Utilities
Water Source Master Meter, Private
Sewer/Septic Septic In & Cnctd, Septic Tank
Location
Subdivision SUPERSTITION VILLA
Community Features No Pool
Elementary School Desert Vista Elementary School
Elementary School District Apache Junction Unified District
Middle School Desert Shadows Elementary School
High School District Apache Junction Unified District
High School Apache Junction High School
APN 102-22-017
Zoning MULTI
Directions North To 16th Ave And East To Property.
Multifamily Details
Total # of Units 16
Expense: Operating 46472
Financial Data Source Projected Proforma, Books Shwn Accpt Ofr
Expense: Maintenance 9600
Vacancy Allowance 0.03
Expense: Insurance 3970
Net Operating Income 91719
Gross Income 138190.08
Expense: Other 8055
Expense: Trash 1820
Expense: Professional Management 9660
Expense: Water/Sewer 6633
Gross Scheduled Income 142464
Expense: Gardener 1200
We are not permitted to show value estimates for this property.
  • Aug 2017
    mls logo MLS # 5635771
  • Aug 31, 2017 Sold
    $1,236,800
  • Jul 20, 2017 Listed
    $1,236,800
  • 627 W 16th Ave
    $1.23M
  • —
  • 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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  • AZ
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  • 85120
  • 627 W 16th Ave
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