Share This Listing

Message

935 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the broker for more information about this property

Ironwood Station 4-Plex 651 N Ironwood Dr 4 Unit Apartment Building $2,492,764 CAD ($623,191 CAD/Unit) 6.18% Cap Rate Apache Junction, AZ 85120

Save this listing!

Favourite this listing to get notified of price updates, new media and more

INVESTMENT HIGHLIGHTS

  • 4-Unit Building
  • Townhome Style large Units all 3 Bedrooms plus Loft
  • New Construction in High Growth area
  • Guaranteed rents/ free leasing and management

EXECUTIVE SUMMARY

6.2% CAP 4- Unit Multi-Family Built 2025. High Growth Market. $110k NOI
• New Construction With Full Builder Warranty
• Up to 4 Months Guaranteed or supplemental Rents
• First Year Pre-Paid HOA Fees
• First Year Pre-Paid Hazard Insurance
• First Year of Free Leasing
• All 3-Bedrooms Plus Loft • 2.5 Baths
• Average 1793 Sq Ft Per Unit
• All Upgraded Finishes Including
• LG Appliances, Refrigerator, Washer/Dryer
• Ceiling Fans • Window Treatments
• 2-Car Private, Direct-Access Garage With EV Chargers
• Private Fenced Courtyards
• Community Parks • Dog Park
• Heated Pool and Spa, Playground • Gated Secure Community
Choice of 4-Unit or 6-Unit Buildings.

DATA ROOM Click Here to Access

FINANCIAL SUMMARY (PRO FORMA - 2025)

ANNUAL (CAD) ANNUAL PER SF (CAD)
Gross Rental Income - -
Other Income - -
Vacancy Loss - -
Effective Gross Income - -
Net Operating Income $154,110 $12.84

FINANCIAL SUMMARY (PRO FORMA - 2025)

Gross Rental Income (CAD)
Annual -
Annual Per SF -
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual -
Annual Per SF -
Net Operating Income (CAD)
Annual $154,110
Annual Per SF $12.84

PROPERTY FACTS Under Contract

Price $2,492,764 CAD
Price Per Unit $623,191 CAD
Sale Type Investment
Cap Rate 6.18%
No. Units 4
Property Type Multifamily
Property Subtype Apartment
Apartment Style Single-Family Home
Building Class C
Building Size 12,000 SF
No. Stories 2
Year Built 2025
Parking Ratio 0.17/1,000 SF

AMENITIES

UNIT AMENITIES

  • Washer/Dryer
  • Ceiling Fans
  • Refrigerator
  • Stainless Steel Appliances
  • Island Kitchen

SITE AMENITIES

  • Courtyard
  • Pool
  • Spa
  • Gated
  • Trash Pickup - Curbside
  • Storage Space
  • Car Charging Station
  • Fiber Optic Internet
  • Walk-Up

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
3+2.5 4 $3,211 CAD 1,793

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 101-15-118
  • 101-15-120
  • 101-15-117
  • 101-15-121
  • 101-15-122
  • 101-15-107
  • 101-15-116
  • 101-15-119
Land Assessment
$179,906 CAD
Improvements Assessment
$0 CAD
Total Assessment
$179,906 CAD
  • Listing ID: 35585727

  • Date on Market: 2025-04-22

  • Last Updated:

  • Address: 651 N Ironwood Dr, Apache Junction, AZ 85120

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}