451 E 10TH Avenue, Apache Junction, AZ 85119 (MLS# 7056408)

451 E 10TH Avenue, Apache Junction, AZ 85119

$725,000

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

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

Property Type: Multiple Dwellings Status: Active

Current Price: $725,000 Last Modified: 7/20/2026

Overview

Description

Incredible opportunity to own a well-maintained fourplex with STRONG INCOME potential -- priced at $725,000! All units offer spacious 2 bed/1 bath layouts. Three units were tastefully renovated Jan-May 2023 with modern finishes and updated interiors. All four units feature NEWER A/C units installed in 2022 for year-round efficiency and peace of mind. New roof completed on back duplex in Sept 2023. Community laundry on site. Tenants are currently in place at strong rental rates, delivering immediate cash flow from day one. Fully occupied with a solid rental history -- a true turnkey investment opportunity! BONUS: Expansive parking area allows tenants to store additional vehicles, boats & trailers with landlord approval -- a rare perk driving long-term tenant satisfaction and retention!!

Listing Details MLS# 7056408

Location, Tax & Legal

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
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

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: 7492
Year Built: 1980
Uncvrd Parking Spcs: 6
Total # of Units: 4
# of Buildings: 2
Zoning: General Rural Z
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

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.

Legal Info

Township: 01N
Range: 08E
Section: 28
Lot Number: 92

Income Expenses

Gross Annual Sch Inc: 60000
Net Operating Income: 25000

More Information

Showing Notification Methods

Showing Service: Aligned Showings

2 Bedroom Units

# 2 Bedroom Units: 4
Avg Rent: 1350
Avg SqFt: 746
# Baths: Yes

Project Type

Four Plex: Yes

Construction

Wood Frame: Yes

Const - Finish

Painted: Yes
Stucco: Yes
Siding: Yes

Roofing

Composition: Yes

Floors

Tile: Yes
Vinyl: Yes
Carpet: Yes

Sale Includes

Land & Building: Yes
Laundry Equipment: Yes

Income & Expenses

Annual Elec Exp: 4400
Annual Gas Exp: 0
Annual Ins Exp: 0
Annual Land Lse Exp: 0
Annual Landscape Exp: 150
Annual Legal & Acctg: 0
Annual Maint Exp: 0
Annual Mgmt Exp: 3900
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: 12394
Other Income: 0
Vacancy Allowance: 0.05
Adjusted Gross Inc: 57000
Total Monthly Rental Income: 5400

Pmt & Rate Info

Cap Rate: 3.45
Equity: 725000
1st Encumbrance: 0
Down Payment %: 0
Monthly Payments: 0
1st Interest Rate: 0
1st Payment Freq: Monthly
Total Owed: 0

Payment Includes

Principal: Yes
Interest: Yes
Taxes: Yes
Insurance: Yes

Lockbox Type

Combo: Yes

Community Features

No Pool: Yes

Heating

Forced Air: Yes
Electric: Yes
Individual: Yes
Central: Yes
2 or More Units: Yes

Cooling

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

Exterior Amenities

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

Interior Features

Unfurnished: Yes
Fire/Smoke Alarm(s): Yes

Tenant Pays

Cable TV: Yes

Appliances Included

Dishwasher: Yes
Disposal: Yes
Free-Standing Electric Oven: Yes
Refrigerator: Yes
Washer/Dryer: Yes

Road Access Type

City Street: Yes

Road Surface Type

Asphalt: Yes
Gravel: Yes

Source of Fincl Data

Owner: Yes
Books Shwn Accpt Ofr: Yes

Water Source

City Franchise: Yes

Sewer

Sewer - Public: Yes
Sewer-In & Connected: Yes

Parking Features

1 Space/Unit: Yes
Add'l Parking Avail: Yes

Electric

SRP: Yes

Gas

None: Yes

Owner Pays

Water: Yes
Sewer: Yes
Electric: Yes
Trash Collection: Yes
Landscaping: Yes

New Financing

Cash: Yes
Conventional: Yes
1031 Exchange: Yes

Reports/Disclosures

Seller Prop Disc Stm: Yes

Environmental

None: Yes

Efficiency Units

Avg Rent: 0

1 Bedroom Units

Avg Rent: 0

3 Bedrooms Units

Avg Rent: 0

4 Bedrooms Units

Avg Rent: 0

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 Realty

Last Updated: July - 20 - 2026