Ground-Level Residential Income
For Sale
$179,900
455 S DELAWARE Drive 1, Apache Junction, AZ 85120
Furnished residence in a gated 55+ community with access to recreation and fitness amenities.
Property Size1,060 SF
Days on Market17
Property Features for 455 S DELAWARE Drive 1
General Information
Standard status
Active
Size
1,060 SF
Property subtype
Apartment
Additional Details
Furnished
Yes
Highway Access
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$782
Amenities
clubhouse
community pool
hot tub
pickleball court
tennis courts
exercise room
covered parking
enclosed patio
wood-burning fireplace
granite countertops
newer refrigerator
new microwave
new dishwasher
Building Details
Building Size
1,060 SF
Year Built
1984
Listing Agency:
Simply Real Estate
Listed By:
Amber Kundrat
(480) 258-0958
Source:
Gillettegroupaz
Added: Sep 25
Changed: Sep 30
Last Checked: Oct 10 at 2:33AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Simply Real Estate
Investment Insights
Based on property information with market context.
This ground-level end-unit residence has an open floor plan, a wood-burning fireplace, and an enclosed patio with attached laundry. The sale includes furnishings and a refrigerator. A newer air-conditioning system dates to 2022; the tankless water heater, microwave, and dishwasher are listed as new for 2026. Covered parking is also included.
The home is in Indian Summer, a gated community for residents 55 and older. Community amenities include a clubhouse, pool, hot tub, pickleball and tennis courts, and an exercise room. US 60 and Loop 202 are nearby.
The home is in Indian Summer, a gated community for residents 55 and older. Community amenities include a clubhouse, pool, hot tub, pickleball and tennis courts, and an exercise room. US 60 and Loop 202 are nearby.
Key Highlights
- Ground‑level end unit in a gated 55+ community
- Furnishings and refrigerator included in the sale
- Enclosed patio with attached laundry; covered parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,340
Cap Rate
4.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$166,800
$166.8K
Cap Rate 7%
$119,143
$119.1K
Cap Rate 9%
$92,667
$92.7K
Market Conditions
NOI Build-Up for 1,060 SF
Gross rent
$17.2K $16.20/SF
− Vacancy
−$2.0K −$1.90/SF
EGI
$15.2K $14.30/SF
− OpEx
−$6.8K −$6.44/SF
NOI
$8.3K $7.87/SF
Area
Pinal County, AZ
Vacancy
11.70%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$166,800
Cap Rate 7%
$119,143
Cap Rate 9%
$92,667
Alternative Uses
Best Use
Apartment 5plus
$119.1K
$104.3K – $139.0K
NOI $8,340 @ 7.0% cap · market cap 4.64%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$293.0K
$256.4K – $341.9K
NOI $20,513 @ 7.0% cap · market cap 11.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
671
Businesses Nearby
Explore this area
Business Placement
Demographics for 85120, AZ
30,605
Population
17,430
Households
1.8
Avg Household Size
54
Median Age
14%
College-Educated
87%
High-School Grad
23.1 sq mi
ZIP Area
1,325
Density / Sq Mi
$53,921
Median Household Income
$35,155
Median Earnings
$958
Median Rent
$162,900
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Furnished residence in a gated 55+ community with access to recreation and fitness amenities.
Where is this residential income property located?
The property is located at 455 S DELAWARE Drive 1 Apache Junction, AZ.
What is the asking price?
The asking price for this property is $179,900.
What are key features of this property?
This property features: Ground‑level end unit in a gated 55+ community; Furnishings and refrigerator included in the sale; Enclosed patio with attached laundry; covered parking
