1844 S MONTEREY Drive, Apache Junction, AZ 85120
$527,000
Property Type:
Multiple Dwellings
Status:
Active
Current Price:
$527,000
Last Modified:
3/28/2026
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
More Information MLS# 7005702
Contract Info
Ownership: Fee Simple
Current Price: $527,000
List Price: $527,000
Status: Active
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
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
Remarks Misc
Cross Street: Idaho/16th Ave
Geo Lat: 33.398353
Geo Lon: -111.552989
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: March - 28 - 2026
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