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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

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