12815 N 113th Avenue, Youngtown, AZ 85363
$1,500,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$1,500,000
Last Modified:
7/28/2025
Description
113 Palms Apartments is a very well-maintained property built in 1987 with wood frame and stucco. All eight units are 2BD/2BA averaging 907 square feet. Each unit has washer and dryer hook-ups and a covered parking spot. The landscaping is a beautiful low-maintenance desert theme with light colored rock and neatly manicured plants.
113 Palms has been recently renovated with both interior and exterior improvements. 5/8 units have had recent interior renovations. 2/5 units that have been renovated have had patios added to the units. The two units with patios are renting at $1,250 currently, the three additional remodeled units without patios are renting at $1,195 and the remaining three units are renting at $995. Seller holds an active Real Estate license in the State of Arizona.
More Information MLS# 6326934
Contract Info
Current Price: $1,500,000
Sold Price: $1,500,000
Status: Closed
List Date: 2021-12-01
Ownership: Fee Simple
Location Tax Legal
Map Code/Grid: M30
House Number: 12815
Compass: N
Street Name: 113th
St Suffix: Avenue
City/Town Code: Youngtown
State/Province: AZ
Zip Code: 85363
County Code: Maricopa
Assessor Number: 200-85-953-B
Tax Year: 2021
General Property Description
Lot Size Dimensions: 21850
Year Built: 1987
Uncvrd Parking Spcs: 4
Total # of Units: 8
# of Buildings: 2
Zoning: R-1
Remarks Misc
Cross Street: 113th Ave
Directions: On 113th ave, In between Tennessee Ave & Wisconsin Ave
Geo Lat: 33.601146
Geo Lon: -112.301283
Status Change Info
Off Market Date: 2022-01-05
Under Contract Date: 2022-01-04
Close of Escrow Date: 2022-03-04
Sold Price: $1,500,000
Legal Info
Lot Number: 214
Income Expenses
Gross Annual Sch Inc: 106272
Net Operating Income: 71671
2 Bedroom Units
# 2 Bedroom Units: 8
Avg Rent: 1107
Avg SqFt: 907
# Baths: 2
Contact Info
List Agent Cell Phn2: 480-384-0336
Sold Info
Loan Type: Cash
Payment Type: Other
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Property Features
Project Type: 5 - 12 Units
Construction: Wood Frame
Const - Finish: Stucco
Roofing: Composition
Floors: Vinyl; Wood
Sale Includes: Land & Building
Community Features: Barbecue
Exterior Amenities: Fenced; Patio/Balcony
Interior Amenities: Unfurnished
Appliances Included: Built-In Range; Refrigerator; Dishwasher; Microwave; W/D Hookup
Heating: Individual
Cooling: Individual
Water Source: Master Meter
Sewer: Sewer - Public
Electric: SRP
Gas: None
Parking Features: 1 Space/Unit
Owner Pays: Water; Landscaping
Tenant Pays: Water; Sewer; Electricity; Trash Collection; Cable TV
Source of Fincl Data: Owner
Special: Owner/Agent
Showing Notification Methods: Phone Call
New Financing: Conventional
Environmental: None
Listing Office: SVN/Desert Commercial Advisors
Last Updated: July - 28 - 2025
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