Property Description

Welcome to Grand View Apartments located in Apache Junction, with nice mountain views. This property features one studio currently collecting $575 and pro-forma $650. One bedroom one bathroom currently vacant and separate electric meter pro-forma $850. Two bedroom one bath unit currently vacant proforma $1,100 also separately metered for electric. Three bedroom one bath unit is currently at $975 pro-forma $1200-1400. Buildings are set up for central AC, but are currently using wall units. Rents are below market with room to increase and one unit is on a short term lease fully furnished. Tile floors throughout with new paint and other capital improvements made on the recently leased units. Current rents about a 5.78% cap and proforma cap is 6.24% once units are rents raised. Do not disturb tenants. Drive by only. All facts and figures are approximate buyer verify MLS information.

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Address Map
Apache Junction
225 S GRAND Drive
W112° 25' 48.4''
N33° 24' 47.8''
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225 S GRAND Drive, Apache Junction, Arizona 85120

Listing ID #6158352
Basic Details
ListingStatus : Active
Property Type : Multifamily
Listing Type : For Sale
Listing ID : 6158352
Price : $400,000
Year Built : 1954
Contact Agent
Additional Information
ListingURL : Click Here
MLS Name : Arizona Regional Multiple Listing Service, Inc.
Agent First Name : Dallin
Agent Last Name : Wright
Office Phone Number : (480) 269-8499
Office Name : Venture REI, LLC
Location Zoning
Architecture Style
Tax Amount : $1,389
Floor Covering
Location Directions : West on Apache Trail, South on Grand Dr. Property is on the left.
Location County : Pinal
Last Modified : 2021-03-31T17:16:19+00:00
Gabriela Petruccelli - Realtor - Pinal County AZ Homes for Sale and Real Estate Listings