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11016 E University Drive

Apache Junction, AZ 85120
  • $359,900
  • STATUS: Active
  • ON SITE: 136 Days
  • MLS #: 6465864
UPDATED: 70 min ago
$359,900
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1984
County:

School Ratings & Info

School District:

Description

Seller is willing to contribute up to 3 points to buyer. 11010 E University duplex next door is also for sale same price and same terms/conditions apply.11016 E University and 110101 E University are the best priced duplex's in the Phoenix metro area!Each unit has it's own private yard and all units are individually metered for all utilities (which tenant pays) current rents are under market value (area for like units $1050.00 to $1250.00 see Zillow, Hot pads etc to validate rent value) these are very low maintenance units, just sit back and let your investment pay dividends. New roof 2019 on both units, newer a/c's and most water heaters replaced. One unit fully remodeled (new kitchen, appliances, cabinets and counter tops, bathroom also remodeled full paint and tile through out.but could use updating to maximize rents. Current cap rate around 5 with rent increases cap rate could be close to 8 Don't let this deal pass you by contact me today. The duplex next door 10110 University is also for sale same price and same terms/conditions apply.

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Arizona Regional MLS logo© 2023 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than Elite Home Advisors | Keller Williams Realty Phoenix. Data last updated 2023-02-03T00:14:56.99.
www.yournextphoenixhome.com/homes/133216551
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11016 E University Drive Apache Junction, AZ 85120

  • Price: $359,900
  • Status: Active
  • On Site: 136 Days
  • Updated: 70 min ago
  • MLS #: 6465864
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1984
Built
Neighborhood:
Grandview Manor
County:
Maricopa
Area:
Apache Junction
School District:
004 - Mesa Unified District
Property Description
Seller is willing to contribute up to 3 points to buyer. 11010 E University duplex next door is also for sale same price and same terms/conditions apply.11016 E University and 110101 E University are the best priced duplex's in the Phoenix metro area!Each unit has it's own private yard and all units are individually metered for all utilities (which tenant pays) current rents are under market value (area for like units $1050.00 to $1250.00 see Zillow, Hot pads etc to validate rent value) these are very low maintenance units, just sit back and let your investment pay dividends. New roof 2019 on both units, newer a/c's and most water heaters replaced. One unit fully remodeled (new kitchen, appliances, cabinets and counter tops, bathroom also remodeled full paint and tile through out.but could use updating to maximize rents. Current cap rate around 5 with rent increases cap rate could be close to 8 Don't let this deal pass you by contact me today. The duplex next door 10110 University is also for sale same price and same terms/conditions apply.
Exterior Features

Construction Frame - Wood Construction Finish PaintedStucco Covered Parking Spaces 2.00 Exterior Amenities Cable Tv AvailablePartially Fenced Lot Size Dimensions 70' X 110' Parking <1 Space Per UnitCarportPaved Parking Roads Asphalt Roofing Comp Shingle

Interior Features

1 Bedroom Unit Avg Sq Ft 0 1 Bedroom Unit Baths 0 2 Bedroom Unit Avg Sq Ft 886 2 Bedroom Units Baths 1 3 Bedroom Unit Avg Sq Ft 0 3 Bedroom Unit Baths 0 4 Bedroom Unit Avg Sq Ft 0 4 Bedroom Unit Baths 0 Appliances Included F/S Oven/RangeRefrigeratorW/D Hookup Cooling Central A/C Efficiency Unit Avg Sq Ft 0 Efficiency Unit Baths 0 Floors CarpetConcreteVinyl Heating CentralElectric Interior Amenities Fire/Smoke Alarm(S)Mini BlindsUnfurnished

Property Features

1 Bedroom Unit Avg Rent 0.00 1 Bedroom Units 0 2 Bedroom Unit Avg Rent 766.50 2 Bedroom Units 2 3 Bedroom Unit Avg Rent 0.00 3 Bedroom Units 0 4 Bedroom Unit Avg Rent 0.00 4 Bedroom Units 0 Adjusted Gross Inc 18396.00 Annual Elec Exp 0.00 Annual Gas Exp 0.00 Annual Ins Exp 0.00 Annual Land Lse Exp 0.00 Annual Landscape Exp 0.00 Annual Legal And Acctg 0.00 Annual Maint Exp 0.00 Annual Mgmt Exp 0.00 Annual Other Expense 0.00 Annual Ownr Asoc Fee 0.00 Annual Pad Fee 0.00 Annual Rplcmnt Rsrvs 0.00 Annual Trash Exp 0.00 Annual Wtr Swr Exp 0.00 Community Amenities No Pool Cross Street Signal Butte And University Efficiency Unit Avg Rent 0.00 Efficiency Units 0 Electric Srp Gas None Gross Annual Sch Inc 18396.00 Hoa YN No Net Operating Income 0.00 New Financing 1031 ExchangeConventional Operating Exp 761.00 Other Income 0.00 Owner Pays Landscaping Project Type Duplex Sale Includes Land & BuildingPersonal Property Sewer Septic Tank Source Of Financial Data Provided By Owner Tax Municipality Maricopa - County Taxes 761.00 Tenant Pays Cable TvElectricTrashWater Totl Mnth Rntal Inc 0.00 Vacancy Allowance 0.00 Water Private Franchise Zoning R1-6

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Arizona Regional MLS logo© 2023 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than Elite Home Advisors | Keller Williams Realty Phoenix. Data last updated 2023-02-03T00:14:56.99.
 
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Elite Home Advisors | Keller Williams Realty Phoenix
4862 E Baseline Rd
Mesa AZ, 85206