AZ
Pinal
Apache Junction
85120
468 N IRONWOOD Drive
468 N IRONWOOD Drive, Apache Junction, AZ 85120
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Listing Type
Multi Family
Listing Status
Active
15
$999,000

Home Details for 468 N IRONWOOD Drive

Price
$999,000
Type
Residential Income
Year built
1950
County
Pinal
Listing #
7048921
Listing Courtesy: Orchard Brokerage
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.

Property Features
  • Cooling Information
    • Central Air
    • Evaporative Cooling
    • Other
    • Electric
    • Heat Pump
  • Parking
    • RV Access/Parking
    • See Remarks
    • Boat
  • Heating Information
    • Forced Air
    • Electric
  • Water Features
    • Private
School Information
School Information for 468 N IRONWOOD Drive, Apache Junction, AZ 85120
Elementary School
The Classical Academy at Superstition Mountain
Middle School
N/A
High School
Apache Junction High School
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Last Updated: 2026-07-01 21:40:14
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EXIT REALTY - REALTY PLACE
501 E. Plaza Circle Suite P, Litchfield Park, AZ 85340
Brian Smith
License #: SA652841000
REALTOR
Office
623 412 8500
Agent
623 680 0591
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