Properties
Apache Junction, AZ 85120 468 N IRONWOOD Drive
$1,200,000
10 more
Presented By: Orchard Brokerage;
Home Details
Stabilized asset with strategic upside in a growth corridor. 468 N Ironwood Dr delivers the fundamentals investors prioritize: strong history, consistent occupancy, and a rent roll positioned for upward adjustment. The property benefits from Apache Junction's expanding rental base and limited competing supply. Recent improvements support long-term durability and reduce operational volatility, giving new ownership predictable performance from day one. Current rents remain below market for the submarket, creating a clear path to improved cash flow through renewal increases or light-touch repositioning. The location offers durable tenant demand with proximity to retail, schools, and major arterials, keeping vacancy low and turnover minimal. Ideal for long-term hold, mid-term reposition, or strategic refinance, this property offers both stability and measurable upside in one of the East Valley's most landlord-friendly markets.
Presented By: Orchard Brokerage;
Interior Features for 468 N IRONWOOD Drive
Bathrooms
Total Baths
Other Interior Features
Air Conditioning Y/NYes
FlooringCarpet, Ceramic Tile, Concrete
Heating Y/NYes
General for 468 N IRONWOOD Drive
Additional Parcels Y/NYes
Attached Garage No
Cap Rate6.11
Carport Y/NNo
CityApache Junction
Community FeaturesOther, See Remarks, No Pool
Construction MaterialsWood Frame, Painted, Block
CoolingEvaporative Cooling, Other, Window/Wall Unit, Electric, Heat Pump, Individual
CountyPinal
DisclosuresNone
ElectricSRP
Electric Expense1800.0
Elementary SchoolThe Classical Academy at Superstition Mountain
Elementary School DistrictApache Junction Unified District
Fuel Expense0.0
Garage Y/NNo
Gross Income84000.0
HeatingForced Air, Electric
High SchoolApache Junction High School
High School DistrictApache Junction Unified District
Insurance Expense3000.0
Lease Considered Y/NNo
Lease Renewal Y/NNo
MaintenanceExpense0.0
MobileHomeRemainsYNNo
Net Operating Income73300.0
New ConstructionNo
New Financing: CashTrue
New Financing: ConventionalTrue
Number Of Units Total7
Open Parking Spaces0.0
Operating Expense29664.0
OwnerPaysWater
OwnershipFee Simple
OwnershipFee Simple
Property TypeMultiple Dwellings
Rent Control Y/NNo
RoofOther
Senior CommunityN
SewerSeptic Tank
Standard StatusActive
StatusActive
Subdivision NameAMD PLAT OF NEWTOWN
Tax Annual Amount1564.0
Tax Lot19
Tax Year2025
Township01N
Trash Expense1800.0
Water Sewer Expense3500.0
Year Built1950
ZoningGR
Exterior for 468 N IRONWOOD Drive
Covered Spaces0.0
Crops Included Y/NNo
Irrigation Water Rights Y/NNo
Lot Dimensions200X300
Number of Buildings7
Parking FeaturesRV Access/Parking, See Remarks, Free, Add'l Parking Avail, Boat
Road Surface TypeAsphalt
SpaNo
Total Parking0.0
Water SourcePrivate
Additional Details
Price History
Schools
High School
Apache Junction High School
Middle School
N/A
Elementary School
The Classical Academy at Superstition Mountain Elementary School
