850 N Meridian Road , Apache Junction, AZ 85120
Apache Junction, AZ 85120
Description
Meridian 21 is a single-story complex with solid block construction. All the units are 2-bedroom / 1-bathroom units, with individual A/C units, water heaters, and electric meters. The property features plenty of parking and an interior courtyard space, as well as landlord owned onsite coin laundry. The units have been well maintained and updated over the years. Value-add options exist through adding fences to give units private outdoor space, as well as through additional interior / exterior upgrades, and adding interior washers and dryers. Meridian 21 is a 21-unit apartment complex located in Apache Junction, just east of Mesa, AZ. The property is well located, just minutes from a large commercial complex featuring Walmart Supercenter, Planet Fitness, Safeway, and more. It is approximately 3 miles east of Loop 202 and 3 miles north of Interstate 60. This part of the valley is known for its natural desert beauty, mountain views, and easy access to outdoor and recreational activities. With limited nearby competition this property has maintained a high level of historical occupancy.The southeast valley continues to be a highly sought after area forresidents with its many freeway access points and many commercial / retail options. Given the lack of inventory in the area, Meridian 21 should prove to be a great multifamily property for an investor looking for a solid performing, bite-sized opportunity in a good, supply constrained submarket.
Details
| MLS# | 6708526 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | For-sale |
| Status | Active |
| Year | 1987 |
| Days On Site | 110 |
| Listing Provided By | ABI Multifamily | John Klocek |
Features
| Units | 21 |
|---|---|
| Building(s) | 4 |
| Zoning | R3 |
Market Activity 85120
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Learn More About This Property
| State | AZ |
|---|---|
| County | Maricopa |
| City | Apache Junction |
| Zip Code | 85120 |
| Area | Maricopa |
| School District | Mesa Unified District |
| Elementary School | Mesa Unified District |
| Listing VS Median (in 85120) | |
Price: $3,549,000 low | high Med: $360,000 On Site: 110 low | high Med: 101.500000 | |
"All information should be verified by the recipient and none is guaranteed as accurate by ARMLS"