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268 N Ocotillo Drive Apache Junction, AZ 85120
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Key Details
Sold Price $310,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Cayton Subdivision
MLS Listing ID 6129610
Sold Date 12/11/20
Maintenance Fees $1,200
Originating Board Arizona Regional Multiple Listing Service (ARMLS)
Year Built 1957
Annual Tax Amount $1,617
Tax Year 2019
Lot Dimensions 0.72 acres / 31,363 sqft
Property Description
Incredible opportunity for investment in Apache Junction. Four single family units in four separate buildings on nearly 3/4 acres of property. Plenty of parking and all have private yards. Great CAP rate over 8% to add to your investment portfolio. One 2 bed/2 bath with bonus room/3rd bedroom. The other 3 units are 1 bedroom/1 bathroom. All well maintained and fully occupied with long-term tenants. Great location with easy access to freeways and lots of shopping and restaurants. Excellent potential for income.
Location
State AZ
County Pinal
Community Cayton Subdivision
Zoning GR
Direction From Ironwood travel west on Apache Trail. Right on Ocotillo Dr. Follow to home on your left.
Interior
Flooring Carpet, Ceramic Tile, Vinyl, Concrete
Appliance WD Hookup
Exterior
Parking Features Add'l Parking Avail, Common
Community Features No Pool
Roof Type Composition
Total Parking Spaces 8
Building
Sewer Septic in & Cnctd, Septic Tank
Water City Franchise, Private Franchise
New Construction No
Schools
Elementary Schools Four Peaks Elementary School - Apache Junction
Middle Schools Cactus Canyon Junior High
High Schools Apache Junction High School
School District Apache Junction Unified District
Others
Senior Community No
Tax ID 101-03-032
Acceptable Financing CTL, Conventional, 1031 Exchange, VA Loan
Listing Terms CTL, Conventional, 1031 Exchange, VA Loan
Financing Carryback
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Bought with Better Homes & Gardens Real Estate SJ Fowler
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