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 Details
Property Features
Property Information:
Year Built: 1987
Listing Office:
Office Name: ABI Multifamily
Office Phone: (602) 714-1400
Listing Agent: John Klocek, Patrick Burch
Interior Features
Interior Information:
Flooring Type: Other
Exterior Features
Parking Information:
Parking: Other (See Remarks), Paved Parking
Utilities
Utilities Information:
Heating: Other
Cooling: Other
School Info
Assigned Schools Information:
Skyline High School, Public District Grades 7-12
East Valley Academy, Public District Grades 9-12
Smith Junior High School, Public District Grades 7-8
Mesa Academy For Advanced Studies, Public District Grades 4-9
Franklin Junior High School, Public District Grades 7-9
Brinton Elementary School, Public District Grades PK-6
Franklin At Brimhall Elementary School, Public District Grades KG-6
Franklin Elementary School, Public District Grades KG-6
Other
Directions Information:
Directions: South on Meridian to property on west side of the street.
Price Information
Listing Price Info
Price Summary:
List Price: $3,549,000
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Housing Market Comparison
See how this home compares to others in Apache Junction, AZ.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
6
/10
Brinton Elementary School
11455 E Sunland Ave
Distance between this listing and this school0.25 miles
Public District Grades PK-6
10
/10
Franklin At Brimhall Elementary School
4949 E Southern Ave
Distance between this listing and this school8.30 miles
Public District Grades KG-6
9
/10
Franklin Elementary School
1753 E 8th Ave
Distance between this listing and this school12.31 miles
Public District Grades KG-6
Middle School
3
/10
Smith Junior High School
10100 E Adobe Rd
Distance between this listing and this school2.87 miles
Public District Grades 7-8
10
/10
Mesa Academy For Advanced Studies
6919 E Brown Rd
Distance between this listing and this school6.33 miles
Public District Grades 4-9
10
/10
Franklin Junior High School
4949 E Southern Ave
Distance between this listing and this school8.30 miles
Public District Grades 7-9
High School
4
/10
Skyline High School
845 S Crismon Rd
Distance between this listing and this school1.95 miles
Public District Grades 7-12
2
/10
East Valley Academy
855 W 8th Ave
Distance between this listing and this school15.51 miles
Public District Grades 9-12
Assigned Schools
6
/10
Brinton Elementary School
11455 E Sunland Ave
Distance between this listing and this school0.25 miles
Public District Grades PK-6
10
/10
Franklin At Brimhall Elementary School
4949 E Southern Ave
Distance between this listing and this school8.30 miles
Public District Grades KG-6
9
/10
Franklin Elementary School
1753 E 8th Ave
Distance between this listing and this school12.31 miles
Public District Grades KG-6
Assigned Schools
3
/10
Smith Junior High School
10100 E Adobe Rd
Distance between this listing and this school2.87 miles
Public District Grades 7-8
10
/10
Mesa Academy For Advanced Studies
6919 E Brown Rd
Distance between this listing and this school6.33 miles
Public District Grades 4-9
10
/10
Franklin Junior High School
4949 E Southern Ave
Distance between this listing and this school8.30 miles
Public District Grades 7-9
Assigned Schools
4
/10
Skyline High School
845 S Crismon Rd
Distance between this listing and this school1.95 miles
Public District Grades 7-12
2
/10
East Valley Academy
855 W 8th Ave
Distance between this listing and this school15.51 miles
Public District Grades 9-12
Nearby Schools
4
/10
Imagine Preparatory Superstition
1843 W 16th Ave
Distance between this listing and this school0.81 miles
The neighbors living near this home have an average income of $48,338. Typical income of Apache Junction, AZ residents is between $35k-100k annually. The most common type of family is married, no kids. The most common level of education of people living in this area is post secondary degree.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 850 N Meridian Rd
What is the listing price of this property?
The listing price of 850 N Meridian Rd property is $3,549,000.
What type of property is this?
The property 850 N Meridian Rd is a house located in Apache Junction, Arizona, 85120.
Is this property for sale now?
Active Listing: 850 N Meridian Rd is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 850 N Meridian Rd are: Brinton Elementary School: GreatSchools Rating 6/10Franklin At Brimhall Elementary School: GreatSchools Rating 10/10Franklin Elementary School: GreatSchools Rating 9/10Smith Junior High School: GreatSchools Rating 3/10Mesa Academy For Advanced Studies: GreatSchools Rating 10/10Franklin Junior High School: GreatSchools Rating 10/10Skyline High School: GreatSchools Rating 4/10East Valley Academy: GreatSchools Rating 2/10
When was this property sold last time and for how much?
The last sale was on June 24, 2020 for $1,563,000. (source: MLS/tax record).
Which year was this property built?
The year of construction for 850 N Meridian Rd is 1987.
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This home is located at 850 N Meridian Rd in Apache Junction, AZ and zip code 85120. This home was built in 1987. It has been listed on Rocket Homes since May 21, 2024 and is currently priced at $3,549,000.
In May 2024 more than 12 listings in Apache Junction, AZ were sold above the asking price. During the same period more than 18 listings were sold at asking price, while more than 22 were sold below. The number of listings in Apache Junction, AZ increased by 0.5% between April 2024 and May 2024. While the average time on the market in May 2024 was 50 days, the median list price was $390,000.
From Rocket Homes Real Estate and based on county public records data.
The data relating to real estate for sale on this site comes from the Broker Reciprocity/IDX of Arizona Regional Multiple Listing Service, Inc. Indicates a property listed by a real estate brokerage other than Rocket Homes Real Estate, LLC. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Arizona Regional Multiple Listing Service, Inc. do not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing. Information deemed reliable but not guaranteed. Copyright© 2024 Arizona Regional Multiple Listing Service, Inc. All Rights Reserved.
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