Contact Us

Details

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 FEATURES

Water Source : City Franchise Sewer Source : Other, Septic Tank Electric : Other (See Remarks)
Community Features : See Remarks
Parking Features: Other (See Remarks), Paved Parking
Cooling: See Remarks Heating : See Remarks
Construction Materials: See Remarks, Block

PROPERTY DETAILS

Street Address: 850 N MERIDIAN Road
City: Apache Junction
State: Arizona
Postal Code: 85120
County: Maricopa
MLS Number: 6708526
Year Built: 1987
Courtesy of ABI Multifamily

Similar Properties

$8,915,000
9 ba
$8,915,000
9 ba
$8,915,000
9 ba