1844 S MONTEREY Drive, Apache Junction, AZ 85120 (MLS# 7005702)

$514,000

1844 S MONTEREY Drive
Apache Junction, AZ 85120
MLS# 7005702
Status: Closed

1 / 2

Property Description
Investment opportunity in Apache Junction! This fourplex features four 2-bedroom, 1-bathroom units situated on a spacious lot. While the property requires some TLC, it presents a fantastic chance to add value and generate strong rental income in a growing area. Investors & Owner Occupants Invited. All Facts and Figures Approximate, Buyer to Verify To Their Satisfaction

Details

Maps

Contract Info

Ownership: Fee Simple

Current Price: $514,000

Sold Price: $514,000

Status: Closed

List Date: 2026-03-28

Location, Tax & Legal

Assessor's Map #: 22

Legal Description (Abbrev): LOT 53 SUPERSTITION VILLA

Assessor's Parcel #: 53

Add'l Parcels: No

Tax Municipality: Pinal - COUNTY

Census Tract: 314

Taxes: 1940

Legal: LOT 53 SUPERSTITION VILLA

Marketing Name: unk

House Number: 1844

Compass: S

Street Name: MONTEREY

St Suffix: Drive

City/Town Code: Apache Junction

State/Province: AZ

Zip Code: 85120

Zip4: 7543

Country: US

County Code: Pinal

Subdivision: SUPERSTITION VILLA

Assessor Number: 102-22-053

Tax Year: 2025

General Property Description

# of Buildings: 1

Uncvrd Parking Spcs: 4

Lot Size Dimensions: 9941 sq feet

Total # of Units: 4

Elementary School District: Apache Junction Unified District

High School District: Apache Junction Unified District

High School: Apache Junction High School

Year Built: 1984

Zoning: sfr

Legal Info

Range: 08E

Section: 29

Township: 01N

Lot Number: 53

Project Type

Four Plex: 1

Construction

Wood Frame: 1

Const - Finish

Wood Siding: 1

Roofing

Composition: 1

Floors

Laminate: 1

Sale Includes

Building(s) Only: 1

Income & Expenses

Owner Association: No

Annual Ownr Asoc Fee: 0

Operating Exp: 1940

Other Income: 0

Vacancy Allowance: 0

Adjusted Gross Inc: 46560

Pmt & Rate Info

Cap Rate: 8.83

Equity: 527000

Down Payment %: 0

Monthly Payments: 0

Total Owed: 0

Showing Notification Methods

Showing Service: Aligned Showings

Phone Call: 1

Lockbox Type

None: 1

Community Features

No Pool: 1

Heating

Forced Air: 1

Cooling

Electric: 1

Tenant Pays

Water: 1

Electricity: 1

Appliances Included

Refrigerator: 1

Free-Standing Range: 1

W/D Hookup: 1

Road Surface Type

Asphalt: 1

Source of Fincl Data

Books Shwn Accpt Ofr: 1

Road Responsibility

City Maintained Road: 1

Water Source

City Franchise: 1

Sewer

Sewer - Public: 1

Parking Features

On Street: 1

>1 Space Per Unit: 1

Off Street: 1

Electric

SRP: 1

Gas

None: 1

Owner Pays

Trash Collection: 1

New Financing

Cash: 1

Conventional: 1

FHA: 1

Existing 1st Loan

Treat as Free&Clear: 1

Reports/Disclosures

None: 1

Environmental

None: 1

Contact Info

List Agent Home Phn: 480-689-6360

Efficiency Units

Avg Rent: 0

1 Bedroom Units

Avg Rent: 0

2 Bedroom Units

# 2 Bedroom Units: 4

Avg Rent: 995

Avg SqFt: 800

# Baths: 1

3 Bedrooms Units

Avg Rent: 0

4 Bedrooms Units

Avg Rent: 0

Sold Info

Loan Type: Conventional

Loan Years: 30

Closing Cost Split: Normal - N

Payment Type: Fixed

Buyer Concession to Seller: 0

Buyer Concession $/%: $

Seller Concession to Buyer: 0

Seller Concession $/%: $

Remarks Misc

Cross Street: Idaho/16th Ave

Geo Lat: 33.398353

Geo Lon: -111.552989

Status Change Info

Off Market Date: 2026-05-01

Under Contract Date: 2026-04-04

Close of Escrow Date: 2026-04-30

Sold Price: $514,000

Income Expenses

Gross Annual Sch Inc: 46560

Net Operating Income: 46560

Property Features

Project Type: Four Plex

Construction: Wood Frame

Const - Finish: Wood Siding

Roofing: Composition

Floors: Laminate

Sale Includes: Building(s) Only

Community Features: No Pool

Appliances Included: Free-Standing Range; Refrigerator; W/D Hookup

Heating: Forced Air

Cooling: Electric

Water Source: City Franchise

Sewer: Sewer - Public

Electric: SRP

Gas: None

Parking Features: On Street; >1 Space Per Unit; Off Street

Road Surface Type: Asphalt

Road Responsibility: City Maintained Road

Owner Pays: Trash Collection

Tenant Pays: Water; Electricity

Source of Fincl Data: Books Shwn Accpt Ofr

Showing Notification Methods: Phone Call

Lockbox Type: None

Existing 1st Loan: Treat as Free&Clear

New Financing: Cash; FHA; Conventional

Environmental: None

Listing Office: Erickson Realty Group L.L.C.

Last Updated: May - 01 - 2026