651 N IRONWOOD Road, Apache Junction, AZ 85119

$1,775,000
Property Type: Multiple Dwellings Status: Active
Current Price: $1,775,000 Last Modified: 5/13/2025

Description

6.8% Cap Rate in a High-Growth Market! This brand-new 4-unit investment opportunity features spacious residences, each with 3 bedrooms plus a loft, 2.5 bathrooms, and an average of 1,793 square feet. All units include upgraded finishes such as LG appliances, refrigerators, ceiling fans, and window treatments. Each unit also offers a private, direct-access two-car garage with EV chargers and a fenced courtyard. The gated community includes a heated pool and spa, playground, dog park, and a beautifully maintained park. The property comes with strong investor incentives, including a full builder warranty, the first year of professional property management included, up to six months of guaranteed rents, prepaid HOA fees and hazard insurance for the first year, and complimentary leasing.

Open Houses

Tuesday, May 13, 10:00 am - 5:30 pm

More Information MLS# 6861780

Contract Info

Current Price: $1,775,000 List Price: $1,775,000 Status: Active List Date: 2025-05-01 Ownership: Fee Simple

Location Tax Legal

House Number: 651 Compass: N Street Name: IRONWOOD St Suffix: Road City/Town Code: Apache Junction State/Province: AZ Zip Code: 85119 Country: US County Code: Pinal Subdivision: IRONWOOD STATION Assessor Number: 101-15-107 Tax Year: 2024

General Property Description

Year Built: 2025 Total # of Units: 4 # of Buildings: 1 Zoning: RES Flood Zone: No Elementary School District: Apache Junction Unified District High School District: Apache Junction Unified District Elementary School: Four Peaks Elementary School Jr. High School: Cactus Canyon Junior High High School: Apache Junction High School

Remarks Misc

Cross Street: SUPERSTITION/IRONWOOD Directions: SOUTHEAST CORNER OF SUPERSTITION AND IRONWOOD Geo Lat: 33.420977 Geo Lon: -111.563158

Status Change Info

Status Change Date: 2025-05-05

Legal Info

Township: 01N Range: 08E Section: 20 Lot Number: 1-4

Income Expenses

Gross Annual Sch Inc: 120000 Net Operating Income: 120000

Showing Notification Methods

Showing Service: Aligned Showings

3 Bedrooms Units

# 3 Bedroom Units: 4 Avg Rent: 2500 Avg SqFt: 1793 # Baths: 25

Property Features

Project Type: Four Plex Construction: Wood Frame Const - Finish: Stucco; Brick Veneer Roofing: Built-Up Floors: Ceramic Tile; Carpet Sale Includes: Land & Building Community Features: Pool; Heated Pool(s); Spa(s); Heated Spa(s); Community Showers; Play Area; Barbecue; Other Exterior Amenities: Landscape Wtr System; Green Landscaping; Cable TV Available; Guard Gate Interior Amenities: Unfurnished; Vertical Blinds; Breakfast Bar Appliances Included: Built-In Range; Refrigerator; Dishwasher; Disposal; Microwave; W/D Hookup Cooling: Ceiling Fan(s); Heat Pump Water Source: Submetered System Sewer: Sewer - Public; Sewer-In & Connected Electric: SRP; Individual Meter Gas: None Parking Features: Garage; >1 Space Per Unit; Attached; Garage Door Opener Owner Pays: None Tenant Pays: Water; Electricity; Trash Collection; Cable TV Source of Fincl Data: Projected Proforma Showing Notification Methods: Text; Phone Call Lockbox Type: Other Existing 1st Loan: Treat as Free&Clear New Financing: Cash; Conventional; 1031 Exchange Environmental: None
Listing Office: RE/MAX Excalibur
Last Updated: May - 13 - 2025
651 N IRONWOOD Road, Apache Junction, AZ 85119- MLS# 6861780
Copyright 2024 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.