$3,549,000
Active
25 Days Online
0 Beds0 Baths0 SQFT
Active

850 N Meridian Road Apache Junction, AZ 85120

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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 for residents 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.

  • Property TypeMulti-Family
  • NeighborhoodN/A
  • CountyMaricopa
  • Taxes$6,323
  • HOA/Condo/Coop Fees$0
  • Days on Site24 Days
  • MLS StatusActive
  • MLS ID Number6708526
  • Home Size Source N/A
  • Year Built1987
  • Lot Size0 Acres
  • Full BathsN/A
  • Partial BathsN/A

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General Features

  • Construction See RemarksBlock
  • Parking Other ( See Remarks)Paved Parking
  • Parking Spaces 46
  • Sewer OtherSeptic Tank
  • Acreage 0
  • Cross Street Meridian Rd & Brown Rd.
  • Attached Garage No
  • Zoning R3

Interior Features

  • Cooling See Remarks
  • Heating See Remarks
  • Appliances Other ( See Remarks)
  • Flooring Other

Exterior Features

  • Roof See RemarksComposition

Community Features

  • Township 1N
  • Community Features See Remarks

Schools

School District
Mesa Unified District
Elementary School
Unknown
Middle School
Unknown
High School
Unknown

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Monthly Payment (Est.)

$18,794
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