468 N IRONWOOD Drive, Apache Junction, AZ 85120
468 N IRONWOOD Drive, Apache Junction, AZ 85120
468 N IRONWOOD Drive, Apache Junction, AZ 85120
468 N IRONWOOD Drive, Apache Junction, AZ 85120
468 N IRONWOOD Drive, Apache Junction, AZ 85120
468 N IRONWOOD Drive, Apache Junction, AZ 85120
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Bryan Choate

Bryan Choate

+1(480) 313-2729
$ 999,000
Est. payment | /mo
Save
$ 999,000
Est. payment | /mo
Save

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Subdivision Amd Plat Of Newtown

MLS Listing ID 7048921

Year Built 1950

Annual Tax Amount $1,563

Tax Year 2025

Lot Dimensions 200X300

Source Arizona Regional Multiple Listing Service (ARMLS)

Property Description

Seven units, one lot, 7.40% cap rate -- priced to move at $990,000. This stabilized Apache Junction multi-family delivers consistent occupancy and a rent roll sitting below (Current rent roll runs $6,850/mo against a realistic market ceiling of $7,650-$8,350/mo -- upside investors can capture) market across every unit type, creating a clear path to $83K-$91K in stabilized NOI. Recent price reduction plus seller financing (25% down, 8%, 3-5 year balloon) make this a rare entry point into a performing asset. Minimal competing supply, strong workforce rental demand near Loop 202/US-60, ASU, and AJ Town Center. Seller may carry.

Location

State AZ

County Pinal

Community Amd Plat Of Newtown

Area Pinal

Zoning GR

Interior

Heating Forced Air, Electric

Cooling Evaporative Cooling, Other, Window/Wall Unit, Electric, Heat Pump, Individual

Flooring Carpet

Appliance Built-In Range, Disposal, Refrigerator, W/D Hookup

Exterior

Parking Features RV Access/Parking, See Remarks, Free, Add'l Parking Avail, Boat

Community Features Other, See Remarks, No Pool

Roof Type Other

Private Pool No

Building

Sewer Septic Tank

Water Private

New Construction No

Schools

Elementary Schools The Classical Academy At Superstition Mountain

High Schools Apache Junction High School

School District Apache Junction Unified District

Others

Senior Community No

Tax ID 101-02-074-O

Acceptable Financing Owner May Carry, Other (See Remarks)

Disclosures None

Listing Terms Owner May Carry, Other (See Remarks)

Arizona Regional MLS (ARMLS)

Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

Listed by Orchard Brokerage • Eric Williamson

Nearby Locations

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Bryan Choate
Bryan Choate

Associate Broker, REALTOR® | Lic# BR106439000

+1(480) 313-2729

6929 N Hayden Rd Suite C4-411, Scottsdale, AZ, 85250

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468 N IRONWOOD Drive