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%
Sold for $550,000 on 06/27/23
$550,000
506 E Southern Ave #11, Apache Junction, AZ 85119
8beds
4baths
2,880sqft
Multi Family
Built in 1982
-- sqft lot
$633,200 Zestimate®
$191/sqft
$2,032 Estimated rent
Home value
$633,200
$583,000 - $690,000
$2,032/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: June 28, 2023 at 06:33am
Listed by:
Robert Francis Russo 623-340-5493,
United Real Estate-Alliance,
Jonathan Russo 602-317-4106,
United Real Estate-Alliance
Bought with:
Lethe Lew, BR569884000
Desert River Realty
Source: ARMLS,MLS#: 6562638
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
Heating
- Heat Pump, Electric
Cooling
- Electric, Heat Pump
Appliances
- Included: Built-In Range, Free-Standing Range, Disposal, Dishwasher, Refrigerator
- Laundry: W/D Hookup
Features
- Flooring: Carpet, Ceramic Tile, Vinyl, Concrete
Interior area
- Total structure area: 2,880
- Total interior livable area: 2,880 sqft
Property
Parking
- Total spaces: 8
- Parking features: Free, Assigned
- Uncovered spaces: 8
Lot
- Dimensions: 0.233 acres / 10,133 sqft County Zone
Details
- Parcel number: 10206083
- Zoning: (04-02) RENTAL
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Wood Frame, Painted
- Roof: Composition
Condition
- Year built: 1982
Utilities & green energy
- Electric: SRP
- Sewer: Septic Tank
- Water: City Franchise
Community & neighborhood
Community
- Community features: No Pool
Location
- Region: Apache Junction
- Subdivision: PALM SPRINGS #11 LOT 1182
Other
Other facts
- Listing terms: No Carry,Conventional,1031 Exchange,FHA,VA Loan
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 6/27/2023 | Sold | $550,000-8.2%$191/sqft |
Source:  ARMLS #6562638 | ||
| 6/4/2023 | Pending sale | $599,000$208/sqft |
Source: ARMLS #6562638 | ||
| 5/31/2023 | Listed for sale | $599,000$208/sqft |
Source: ARMLS #6562638 | ||
Public tax history
Tax history is unavailable.
Neighborhood: 85119
Nearby schools
GreatSchools rating
- 6/10Peralta Trail Elementary SchoolGrades: K-5Distance: 7.4 mi
- 3/10Cactus Canyon Junior High SchoolGrades: 6-8Distance: 0.9 mi
- 1/10Apache Junction High SchoolGrades: 9-12Distance: 1.2 mi
Schools provided by the listing agent
- Elementary: Superstition Mountain Elementary School
- Middle: Desert Mountain School
- High: Apache Junction High School
- District: Apache Junction Unified District
Source: ARMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$633,200
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$633,200