749 W 16TH Avenue, Apache Junction, AZ 85120 (MLS# 5398782)

749 W 16TH Avenue, Apache Junction, AZ 85120

$190,000

Property Type: Multiple Dwellings Status: Closed

Current Price: $190,000 Last Modified: 5/06/2026

Overview

Description

***THIS FULLY RENTED 4PLEX IS A GREAT INVESTMENT OPPORTUNITY! ***LOWEST PRICED 4PLEX AVAILABLE IN AJ***PROPERTY DESIGN IS ONE OF BEST IN AREA ***NO FLAT ROOF ISSUES TO DEAL WITH***ALL 4 DESIRABLE FIRST FLOOR, SINGLE LEVEL UNITS HAVE TILE OR VINYL FLOORS AND OPEN FLOOR PLANS***NO CARPET***LOTS OF PARKING AVAILABLE***EASY TO KEEP RENTED WITH GOOD SIGNAGE VISIBILITY ***TRANSFERABLE HOME WARRANTY AVAILABLE*** ***NO SEPTIC ISSUES OR EXPENSES or SEWER HOOK UP EXPENSES TO DEAL WITH!PROFESSIONALLY MANAGED ***TENANTS PAY ELECTRIC AND WATER ***LOW GARBAGE AND SEWER COSTS ONLY $264 AND $1500 ***GREAT TIME TO BUY (LIMITED AVAILABILITY OF UNITS AVAILABLE AND LOW INTEREST RATES) ***DON'T WAIT FOR PRICES OR INTEREST RATES TO GO UP!

Listing Details MLS# 5398782

Location, Tax & Legal

Map Code/Grid: R44
House Number: 749
Compass: W
Street Name: 16TH
St Suffix: Avenue
City/Town Code: Apache Junction
State/Province: AZ
Zip Code: 85120
Zip4: 6324
Country: US
County Code: Pinal
Subdivision: SUPERSTITION VILLA
Assessor Number: 102-22-022
Tax Year: 2015
Assessor's Map #: 22
Legal Description (Abbrev): SUPERSTITION VILLA LOT 22 X
Assessor's Parcel #: 22
Add'l Parcels: No
Tax Municipality: Apache Junction
Census Tract: 314
Taxes: 1353
Legal: SUPERSTITION VILLA LOT 22 X
Marketing Name: N/A

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: 80 x 122
Year Built: 1984
Uncvrd Parking Spcs: 8
Total # of Units: 4
# of Buildings: Yes
Zoning: RES
Elementary School District: Apache Junction Unified District
High School District: Apache Junction Unified District
Elementary School: Desert Shadows Elementary School
High School: Apache Junction High School

Remarks Misc

Cross Street: US 60 & IDAHO
Directions: From US 60 go North to 16th Ave, then West to property on South side.

Status Change Info

Off Market Date: 2016-07-26
Under Contract Date: 2016-07-11
Close of Escrow Date: 2016-08-04

Legal Info

Township: 01N
Range: 08E
Section: 29
Lot Number: 22

More Information

Income Expenses

Gross Annual Sch Inc: 25200
Net Operating Income: 21202

2 Bedroom Units

# 2 Bedroom Units: 4
Avg Rent: 525
Avg SqFt: 756
# Baths: Yes

Sold Info

Loan Type: Cash
Payment Type: Other
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Buyer Concession to Seller: 0
Seller Concession to Buyer: 0

Project Type

Four Plex: Yes

Construction

Wood Frame: Yes

Const - Finish

Painted: Yes
Stucco: Yes

Roofing

Composition: Yes

Floors

Vinyl: Yes
Ceramic Tile: Yes

Sale Includes

Building(s) Only: Yes

Income & Expenses

Annual Elec Exp: 0
Annual Gas Exp: 0
Annual Ins Exp: 1500
Annual Land Lse Exp: 0
Annual Landscape Exp: 0
Annual Legal & Acctg: 0
Annual Maint Exp: 0
Annual Mgmt Exp: 1920
Annual Trash Exp: 264
Annual Wtr/Swr Exp: 1500
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Annual Other Expense: 0
Operating Exp: 6537
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 25200
Total Monthly Rental Income: 2100

Pmt & Rate Info

Cap Rate: 10.1
Down Payment: 0
Equity: 209900
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Assessment Balance: 0

Community Features

No Pool: Yes

Heating

Electric: Yes

Cooling

Electric: Yes

Exterior Amenities

Desert Landscaping: Yes

Interior Features

Fire/Smoke Alarm(s): Yes
Vertical Blinds: Yes
Mini Blinds: Yes

Tenant Pays

Water: Yes
Electricity: Yes
Cable TV: Yes

Appliances Included

Disposal: Yes
Refrigerator: Yes
Free-Standing Range: Yes
W/D Hookup: Yes

Road Surface Type

Asphalt: Yes

Source of Fincl Data

Owner: Yes

Water Source

Private: Yes

Sewer

Sewer - Public: Yes

Parking Features

1 Space/Unit: Yes

Electric

SRP: Yes

Gas

None: Yes

Owner Pays

Sewer: Yes
Trash Collection: Yes

New Financing

Conventional: Yes
FHA: Yes

Existing 1st Loan

Treat as Free&Clear: Yes

Existing 1st Loan Type

Not Applicable: Yes

Existing 1st Loan Terms

Not Applicable: Yes

Existing 2nd Loan

Other (See Remarks): Yes

Existing 2nd Loan Type

Not Applicable: Yes

Existing 2nd Loan Terms

Not Applicable: Yes

Existing 3rd Loan

Other (See Remarks): Yes

Existing 3rd Loan Type

Not Applicable: Yes

Reports/Disclosures

None: Yes

Existing 3rd Loan Terms

Not Applicable: Yes

Environmental

None: Yes

Existing Othr Ln Trm

Not Applicable: Yes

Efficiency Units

Avg Rent: 0

1 Bedroom Units

Avg Rent: 0

3 Bedrooms Units

Avg Rent: 0

4 Bedrooms Units

Avg Rent: 0

Property Features

Project Type: Four Plex Construction: Wood Frame Const - Finish: Painted; Stucco Roofing: Composition Floors: Vinyl; Ceramic Tile Sale Includes: Building(s) Only Community Features: No Pool Exterior Amenities: Desert Landscaping Interior Features: Fire/Smoke Alarm(s); Vertical Blinds; Mini Blinds Appliances Included: Free-Standing Range; Refrigerator; Disposal; W/D Hookup Cooling: Electric Water Source: Private Sewer: Sewer - Public Electric: SRP Gas: None Parking Features: 1 Space/Unit Road Surface Type: Asphalt Owner Pays: Trash Collection Tenant Pays: Water; Electricity; Cable TV Source of Fincl Data: Owner Existing 1st Loan: Treat as Free&Clear Existing 1st Loan Type: Not Applicable Existing 1st Loan Terms: Not Applicable Existing 2nd Loan: Other (See Remarks) Existing 2nd Loan Type: Not Applicable Existing 2nd Loan Terms: Not Applicable Existing 3rd Loan: Other (See Remarks) Existing 3rd Loan Type: Not Applicable Existing 3rd Loan Terms: Not Applicable Existing Othr Ln Trm: Not Applicable New Financing: FHA; Conventional Environmental: None

Listing Office: Keller Williams Integrity First

Last Updated: May - 06 - 2026