000 W 20th Ave And S. Monterey Dr -- Unit 290A, Apache Junction, AZ 85120
- $230,000
- Sold Price
- $230,000
- List Price
- $260,000
- Closing Date
- Jul 24, 2024
- Days on Market
- 378
- Status
- CLOSED
- MLS#
- 6579971
- City
- Apache Junction
- Lot Size
- 33,593
- Subdivision
- Superstition Villa
Property Description
Great location tucked in a well established neighborhood, with a great mix of single family, adult and multifamily residence. Don't miss the chance to acquire this prime vacant land parcel zoned for multifamily development RM-2, allowing for up to 16 units. Yes that's right! Develop and build anywhere from one to sixteen units on this lot, or develop 3 fourplexes, creating 12 units for your investment portfolio, 40' feet high is the limit!. With a flat topography and ample space, the property offers flexibility in designing and constructing a desirable multifamily development that meets market demands. Utilities, Water, Sewer are nearby, waiting to be brought to the property. With its strategic location, favorable zoning, and the growing demand for housing in Apache Junction, this investment opportunity holds immense potential for single family, or multifamily developers and investors. With close proximity to restaurants, shopping centers, schools, hiking, golfing, Canyon Lake and the ever present Superstition Mountains you can't go wrong. Act now to secure your stake in the of Apache Junction real estate market and reap the long-term rewards. Contact the listing agent today to schedule a site visit or obtain further information.
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Additional Information
- School District
- Apache Junction Unified District
- Acres
- 0.77
- Electric
- Other (See Rmks), SRP, None
- Lot Size
- 33,593
- New Financing
- Cash, Conventional
- Lot Features
- East/West Exposure, North/South Exp
- Sewer
- Other, None, Public Sewer
- Subdivision
- Superstition Villa
- Taxes
- $3,170
- Tax Year
- 2022
- Vegetation
- Other
- Water
- See Remarks, Private, None
- Zoning
- RM-2
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Listing courtesy of Russ Lyon Sotheby's International Realty. Selling Office: American Allstar Realty.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved.