451 E 10TH Avenue, Apache Junction, AZ 85119 (MLS# 7018271)

$746,000

451 E 10TH Avenue
Apache Junction, AZ 85119
MLS# 7018271

Front Building is Unit #1/#2, back building is Unit #3/#4

1 / 19

Houses Unit #1/#2 - **Currently Leased**

Property Description
FULLY OCCUPIED ~~ Incredible opportunity to own a well-maintained fourplex with STRONG INCOME potential! All units are spacious 2 bed/1 bath layouts. 3 units were tastefully renovated between Jan-May 2023, offering modern finishes and updated interiors. All four units feature BRAND NEW A/C units installed in 2022, providing efficiency and peace of mind. A new roof was completed on back duplex in Sept 2023. Community Laundry Units. Tenants are in place at strong rental rates, making this a solid investment with immediate cash flow. Ideal for investors or owner-users seeking long-term value. Drive-by only. Do not disturb tenants.

Details

Maps

Contract Info

Ownership: Fee Simple

Current Price: $746,000

List Price: $746,000

Status: Active

List Date: 2026-04-23

Location, Tax & Legal

Assessor's Map #: 23

Legal Description (Abbrev): LOT 92 PALM SPRINGS UNIT FIVE

Assessor's Parcel #: 92

Add'l Parcels: No

Tax Municipality: Pinal - COUNTY

Census Tract: 315

Taxes: 1544

Legal: LOT 92 PALM SPRINGS UNIT FIVE

Marketing Name: Palm Springs

House Number: 451

Compass: E

Street Name: 10TH

St Suffix: Avenue

City/Town Code: Apache Junction

State/Province: AZ

Zip Code: 85119

Zip4: 3285

Country: US

County Code: Pinal

Subdivision: PALM SPRINGS UNIT FIVE

Assessor Number: 102-23-092

Tax Year: 2025

General Property Description

# of Buildings: 2

Uncvrd Parking Spcs: 6

Lot Size Dimensions: 7492

Total # of Units: 4

Elementary School District: Apache Junction Unified District

High School District: Apache Junction Unified District

Elementary School: Peralta Trail Elementary School

Jr. High School: Cactus Canyon Junior High

High School: Apache Junction High School

Year Built: 1980

Zoning: General Rural Z

Legal Info

Range: 08E

Section: 28

Township: 01N

Lot Number: 92

Project Type

Four Plex: 1

Construction

Wood Frame: 1

Const - Finish

Painted: 1

Stucco: 1

Siding: 1

Roofing

Composition: 1

Floors

Tile: 1

Vinyl: 1

Carpet: 1

Sale Includes

Land & Building: 1

Laundry Equipment: 1

Income & Expenses

Annual Elec Exp: 4400

Annual Gas Exp: 0

Annual Ins Exp: 0

Annual Land Lse Exp: 0

Annual Landscape Exp: 600

Annual Legal & Acctg: 0

Annual Maint Exp: 0

Annual Mgmt Exp: 4000

Annual Trash Exp: 400

Annual Wtr/Swr Exp: 2000

Owner Association: No

Annual Ownr Asoc Fee: 0

Annual PAD Fee: 0

Annual Rplcmnt Rsrvs: 0

Annual Other Expense: 0

Operating Exp: 12944

Other Income: 0

Vacancy Allowance: 0.05

Adjusted Gross Inc: 57000

Total Monthly Rental Income: 5400

Pmt & Rate Info

Cap Rate: 3.35

Equity: 746000

1st Encumbrance: 0

Down Payment %: 0

Monthly Payments: 0

1st Interest Rate: 0

1st Payment Freq: Monthly

Total Owed: 0

Payment Includes

Principal: 1

Interest: 1

Taxes: 1

Insurance: 1

Showing Notification Methods

Showing Service: Aligned Showings

Lockbox Type

Combo: 1

Community Features

No Pool: 1

Heating

Forced Air: 1

Electric: 1

Individual: 1

Central: 1

2 or More Units: 1

Cooling

Ceiling Fan(s): 1

Central Air: 1

Electric: 1

Individual: 1

2 or More Units: 1

Exterior Amenities

Desert Landscaping: 1

Rain Gutters: 1

Partially Fenced: 1

Patio/Balcony: 1

Separate Storage: 1

Security Light(s): 1

Interior Features

Unfurnished: 1

Fire/Smoke Alarm(s): 1

Tenant Pays

Cable TV: 1

Appliances Included

Dishwasher: 1

Disposal: 1

Free-Standing Electric Oven: 1

Refrigerator: 1

Washer/Dryer: 1

Road Access Type

City Street: 1

Road Surface Type

Asphalt: 1

Gravel: 1

Source of Fincl Data

Owner: 1

Books Shwn Accpt Ofr: 1

Water Source

City Franchise: 1

Sewer

Sewer - Public: 1

Sewer-In & Connected: 1

Parking Features

1 Space/Unit: 1

Add'l Parking Avail: 1

Electric

SRP: 1

Gas

None: 1

Owner Pays

Water: 1

Sewer: 1

Electric: 1

Trash Collection: 1

Landscaping: 1

New Financing

Cash: 1

Conventional: 1

1031 Exchange: 1

Reports/Disclosures

Seller Prop Disc Stm: 1

Environmental

None: 1

Efficiency Units

Avg Rent: 0

1 Bedroom Units

Avg Rent: 0

2 Bedroom Units

# 2 Bedroom Units: 4

Avg Rent: 1350

Avg SqFt: 746

# Baths: 1

3 Bedrooms Units

Avg Rent: 0

4 Bedrooms Units

Avg Rent: 0

Remarks Misc

Cross Street: S. Winchester Road & E. 10th Avenue

Directions: From US60 & Idaho, head North. Make a right on 16th Ave. Make a left on Winchester Road. Make a right on 10th Ave. Fourplex is located on the right side of the road.

Geo Lat: 33.405309

Geo Lon: -111.541165

Income Expenses

Gross Annual Sch Inc: 60000

Net Operating Income: 25000

Property Features

Project Type: Four Plex

Construction: Wood Frame

Const - Finish: Painted; Stucco; Siding

Roofing: Composition

Floors: Tile; Vinyl; Carpet

Sale Includes: Land & Building; Laundry Equipment

Payment Includes: Principal; Interest; Taxes; Insurance

Community Features: No Pool

Exterior Amenities: Desert Landscaping; Rain Gutters; Partially Fenced; Patio/Balcony; Separate Storage; Security Light(s)

Interior Features: Unfurnished; Fire/Smoke Alarm(s)

Appliances Included: Free-Standing Electric Oven; Refrigerator; Dishwasher; Disposal; Washer/Dryer

Heating: Forced Air; Individual; Central; 2 or More Units

Cooling: Ceiling Fan(s); Electric; Individual; Central Air; 2 or More Units

Water Source: City Franchise

Sewer: Sewer - Public; Sewer-In & Connected

Electric: SRP

Gas: None

Parking Features: 1 Space/Unit; Add'l Parking Avail

Road Access Type: City Street

Road Surface Type: Gravel; Asphalt

Owner Pays: Water; Electric; Trash Collection; Landscaping

Tenant Pays: Cable TV

Source of Fincl Data: Owner; Books Shwn Accpt Ofr

Lockbox Type: Combo

New Financing: Cash; Conventional; 1031 Exchange

Environmental: None

Listing Office: Keller Williams Integrity First

Last Updated: April - 28 - 2026