Active
850 N MERIDIAN Road
Apache Junction AZ, 85120
$3,549,000
Active
Other
Built in 1987
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.
6708526
MLSⓇ ID
May 21, 2024
Listed
August 28, 2024
Updated
Map
850 N MERIDIAN Road
Apache Junction AZ, 85120
Interior Features
Floor Description
Other
Fireplace
No
Cooling
Yes
Cooling Description
See Remarks
Heating
Yes
Heating Description
See Remarks
Exterior/Building Features
Roof
See Remarks, Composition
Sewer
Other, Septic Tank
School Information
School District
Mesa Unified District
Other Property Details
Taxes
$6,323
Tax Frequency
Annually
Days on Market
99
Garage
No
Parking
Other (See Remarks), Paved Parking
Parking Total
46
View
No
County
Maricopa
Water Source
City Franchise
Pool
No
Zoning
R3
Courtesy of ABI Multifamily
Listing Contact: 602-639-0088
All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Agent Ong Team shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
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Data Last Updated: 6:42 AM UTC, 8/28/2024.