1844 S MONTEREY Drive, Apache Junction, AZ 85120 (MLS# 7005702)

1844 S MONTEREY Drive, Apache Junction, AZ 85120

$514,000
Property Type: Multiple Dwellings Status: Closed
Current Price: $514,000 Last Modified: 5/01/2026

Overview

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

Listing Details MLS# 7005702

Location, Tax & Legal

House Number
1844
Compass
S
Street Name
MONTEREY
St Suffix
Drive
City/Town Code
Apache Junction
State/Province
AZ
Zip Code
85120
Zip4
7543
Country
US
County Code
Pinal
Subdivision
SUPERSTITION VILLA
Assessor Number
102-22-053
Tax Year
2025
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

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
9941 sq feet
Year Built
1984
Uncvrd Parking Spcs
4
Total # of Units
4
# of Buildings
Yes
Zoning
sfr
Elementary School District
Apache Junction Unified District
High School District
Apache Junction Unified District
High School
Apache Junction High School

Remarks Misc

Cross Street
Idaho/16th Ave

Status Change Info

Off Market Date
2026-05-01
Under Contract Date
2026-04-04
Close of Escrow Date
2026-04-30

Legal Info

Township
01N
Range
08E
Section
29
Lot Number
53

More Information

Income Expenses

Gross Annual Sch Inc
46560
Net Operating Income
46560

Showing Notification Methods

Showing Service
Aligned Showings
Phone Call
Yes

2 Bedroom Units

# 2 Bedroom Units
4
Avg Rent
995
Avg SqFt
800
# Baths
Yes

Contact Info

List Agent Home Phn
480-689-6360

Sold Info

Loan Type
Conventional
Loan Years
30
Payment Type
Fixed
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

Wood Siding
Yes

Roofing

Composition
Yes

Floors

Laminate
Yes

Sale Includes

Building(s) Only
Yes

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

Lockbox Type

None
Yes

Community Features

No Pool
Yes

Heating

Forced Air
Yes

Cooling

Electric
Yes

Tenant Pays

Water
Yes
Electricity
Yes

Appliances Included

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

Road Surface Type

Asphalt
Yes

Source of Fincl Data

Books Shwn Accpt Ofr
Yes

Road Responsibility

City Maintained Road
Yes

Water Source

City Franchise
Yes

Sewer

Sewer - Public
Yes

Parking Features

On Street
Yes
>1 Space Per Unit
Yes
Off Street
Yes

Electric

SRP
Yes

Gas

None
Yes

Owner Pays

Trash Collection
Yes

New Financing

Cash
Yes
Conventional
Yes
FHA
Yes

Existing 1st Loan

Treat as Free&Clear
Yes

Reports/Disclosures

None
Yes

Environmental

None
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: 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
IDX
Listing Office: Erickson Realty Group L.L.C.
Last Updated: May - 01 - 2026
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