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For Sale

468 N IRONWOOD Drive

468 N IRONWOOD Drive, Apache Junction, AZ 85120

$999,000

Seven units, one lot, 7.40% cap rate -- priced to move at $990,000. This stabilized Apache Junction multi-family delivers consistent occupancy and a rent roll sitting below (Current rent roll runs $6,850/mo against a realistic market ceiling of $7,650-$8,350/mo -- upside investors can capture) market across every unit type, creating a clear path to $83K-$91K in stabilized NOI. Recent price reduction plus seller financing (25% down, 8%, 3-5 year balloon) make this a rare entry point into a performing asset. Minimal competing supply, strong workforce rental demand near Loop 202/US-60, ASU, and AJ Town Center. Seller may carry.

Features & Amenities

Interior

total bedrooms0
Flooring Carpet, Ceramic Tile, Concrete
APPLIANCES Built-In Range, Disposal, Refrigerator, W/D Hookup

Area & Lot

Status For Sale
MLS® ID7048921
TypeMulti-Family
YEAR BUILT1950
NeighborhoodApache Junction
Elementary SchoolThe Classical Academy at Superstition Mountain
High SchoolApache Junction High School
School DistrictApache Junction Unified District

Exterior

water SourcePrivate
roofOther
parkingRV Access/Parking, See Remarks, Free, Addl Parking Avail, Boat
HEAT TYPEForced Air, Electric
AIR CONDITIONINGEvaporative Cooling, Other, Window/Wall Unit, Electric, Heat Pump, Individual
sewerSeptic Tank

Financial

Sales Price$999,000
Real Estate Tax $1,563/yr
Zoning GR

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468 N IRONWOOD Drive

$999,000

Features & Amenities

Interior

Area & Lot

Exterior

Financial

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