Description
Welcome to Grand View Apartments located in Apache Junction, with nice mountain views. This property features one studio currently collecting $550 and pro-forma $650. One bedroom one bathroom short term lease $1,000 and includes electric pro-forma $850-1,000 when tenant pays for all electric. Two bedroom one bath unit collecting $975 including all utilities pro-forma $1,100-$1,250. Three bedroom one bath unit is currently at $650 pro-forma $1200-1400.Buildings are set up for central AC, but are currently using wall units. Rents are below market with room to increase and one unit is on a short term lease fully furnished. Tile floors throughout with new paint and other capital improvements made on the recently leased units. Current rents about a 5.78% cap and proforma cap is 6.24% once units are rents raised. Do not disturb tenants. Drive by only. All facts and figures are approximate buyer verify MLS information.
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0BEDS
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N/AACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
Welcome to Grand View Apartments located in Apache Junction, with nice mountain views. This property features one studio currently collecting $550 and pro-forma $650. One bedroom one bathroom short term lease $1,000 and includes electric pro-forma $850-1,000 when tenant pays for all electric. Two bedroom one bath unit collecting $975 including all utilities pro-forma $1,100-$1,250. Three bedroom one bath unit is currently at $650 pro-forma $1200-1400.Buildings are set up for central AC, but are currently using wall units. Rents are below market with room to increase and one unit is on a short term lease fully furnished. Tile floors throughout with new paint and other capital improvements made on the recently leased units. Current rents about a 5.78% cap and proforma cap is 6.24% once units are rents raised. Do not disturb tenants. Drive by only. All facts and figures are approximate buyer verify MLS information.
© 2021 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 Executive Realty Advisors | Keller Williams Realty Phoenix. Data last updated 2021-01-15T17:13:50.593.