508 E Friar Avenue, Apache Junction, AZ 85119 (MLS# 6425488)

$395,000

508 E Friar Avenue
Apache Junction, AZ 85119
MLS# 6425488
Status: Closed

1 / 9

Property Description
Large single level, slump block duplex on an oversized lot with mountain views. Great duplex to live in one side and rent the other. This property has been lived in by the owner and family for over 28 years and sows pride of ownership. Unit 1 is a 2 bedroom/2 bath unit and Unit 2 is a 1 bedroom/1 bath unit. Each unit has an attached carport, individual laundry room, newer appliances, spacious living room and bedroom(s). The backyard desert landscape for easy maintenance could be divided for large individual yards. The windows were replaced in the last couple of years, AC units serviced as needed. A 2 year Roof/AC maintenance agreement negotiable with accepted contract. Close to freeway, hospital, shopping and entertainment. Buyer or buyer's agent to verify all facts and figures

Details

Maps

Contract Info

Current Price: $395,000

Sold Price: $395,000

Status: Closed

List Date: 2022-06-28

Ownership: Fee Simple

Location Tax Legal

Map Code/Grid: C77

House Number: 508

Compass: E

Street Name: Friar

St Suffix: Avenue

City/Town Code: Apache Junction

State/Province: AZ

Zip Code: 85119

County Code: Pinal

Subdivision: Palm Springs

Assessor Number: 102-03-334

Tax Year: 2021

General Property Description

Lot Size Dimensions: 131x69x131x69

Year Built: 1979

Uncvrd Parking Spcs: 2

Total # of Units: 2

# of Buildings: 1

Zoning: GR

Flood Zone: No

Elementary School District: Apache Junction Unified District

High School District: Apache Junction Unified District

Elementary School: Desert Vista Elementary School

Jr. High School: Cactus Canyon Junior High

High School: Apache Junction High School

Remarks Misc

Cross Street: Winchester Rd/Southern Rd

Directions: Winchester Rd/Southern Rd Directions: North on Winchester, East on Friar, home on North of road

Geo Lat: 33.402251

Geo Lon: -111.540528

Status Change Info

Off Market Date: 2022-06-28

Under Contract Date: 2022-06-28

Close of Escrow Date: 2022-08-19

Sold Price: $395,000

Legal Info

Lot Number: 26

Income Expenses

Gross Annual Sch Inc: 27600

Net Operating Income: 22371

1 Bedroom Units

# 1 Bedroom Units: 1

Avg Rent: 1100

Avg SqFt: 800

# Baths: 1

2 Bedroom Units

# 2 Bedroom Units: 1

Avg Rent: 1300

Avg SqFt: 900

# Baths: 2

Sold Info

Loan Type: FHA

Loan Years: 30

Payment Type: Fixed

Closing Cost Split: Normal - N

Buyer Concession $/%: $

Seller Concession $/%: $

Property Features

Project Type: Duplex

Construction: Slump Block

Const - Finish: Stone

Roofing: Foam

Floors: Vinyl; Ceramic Tile; Carpet

Sale Includes: Land & Building

Community Features: See Remarks

Exterior Amenities: Desert Landscaping; Fenced

Appliances Included: Free-Standing Range; Refrigerator; Dishwasher; Washer/Dryer

Cooling: Heat Pump

Water Source: City Franchise

Sewer: Septic-In & Connected

Electric: SRP

Gas: None

Parking Features: Carport; >1 Space Per Unit

Owner Pays: Water; Trash Collection

Tenant Pays: Electricity; Cable TV

Source of Fincl Data: Projected Proforma

Showing Notification Methods: Phone Call

Lockbox Type: None

Existing 1st Loan: Treat as Free&Clear

New Financing: Cash to Loan; VA; FHA; Conventional

Environmental: None

Listing Office: HC Realty

Last Updated: January - 08 - 2024

508 E Friar Avenue, Apache Junction, AZ 85119 - MLS# 6425488