Stabilized Multifamily for
474 North Ironwood Drive Apache Junction, AZ 85120
474 North Ironwood Drive, Apache Junction, AZ, 85120
$500,000
For Sale
$500,000
South parcel multifamily offering described as stabilized, with recent improvements and a rent roll positioned for upward adjustment.
Days on Market98
Property Features for 474 North Ironwood Drive
General Information
- Standard status
- Active
- Property subtype
- Multiple Dwellings
Building Details
- Year Built
- 1950
Listing agency
Orchard Brokerage
(602) 435-6708
Listed by
Eric Williamson · License #SA579896000
(602) 435-6708
Source
Compass
Added: Apr 16 Updated: Jul 21 at 10:21PM Checked: Jul 21 at 10:21PM
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Investment Insights
Based on property information with market context.
This offering represents the south parcel only of a multifamily property, as noted in the seller’s remarks, with the full asset referenced separately in MLS listing 6991518. The property is described as stabilized, with consistent occupancy and a rent roll that is positioned for upward adjustment.
The seller also notes recent improvements intended to support long-term durability and reduce operational volatility. Current rents are described as remaining below market for the submarket, with the opportunity for improved cash flow through renewal increases or light-touch repositioning. The location is described as providing durable tenant demand, with proximity to retail and schools referenced in the remarks.
The address for this listing is 474 North Ironwood Drive, Apache Junction, AZ 85120.
The seller also notes recent improvements intended to support long-term durability and reduce operational volatility. Current rents are described as remaining below market for the submarket, with the opportunity for improved cash flow through renewal increases or light-touch repositioning. The location is described as providing durable tenant demand, with proximity to retail and schools referenced in the remarks.
The address for this listing is 474 North Ironwood Drive, Apache Junction, AZ 85120.
Key Highlights
- South parcel multifamily offering (see MLS listing for both parcels)
- 4 buildings with 7 total units
- Year built 1950
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FAQs
What type of property is this?
Multifamily property - South parcel multifamily offering described as stabilized, with recent improvements and a rent roll positioned for upward adjustment.
Where is this multifamily property located?
The property is located at 474 North Ironwood Drive Apache Junction, AZ.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: South parcel multifamily offering (see MLS listing for both parcels); 4 buildings with 7 total units; Year built 1950
