478 E MONTEBELLO Avenue, Apache Junction, AZ 85119

$569,000
Property Type: Multiple Dwellings Status: Active
Current Price: $569,000 Last Modified: 7/08/2026

Overview

Description

Investment opportunity in Apache Junction! This fully rented fourplex offers four 2-bedroom, 1-bath units on a spacious lot, providing excellent potential in a growing rental market. It presents a strong value add opportunity for both investors and owner?occupants looking to enhance cash flow and long?term returns. Each unit features a functional layout with room to improve and modernize. Both street access and alley access parking are available to Tenants. Fenced yards, storage and laundry room included

Listing Details MLS# 7051558

Location, Tax & Legal

House Number
478
Compass
E
Street Name
MONTEBELLO
St Suffix
Avenue
City/Town Code
Apache Junction
State/Province
AZ
Zip Code
85119
Zip4
7764
Country
US
County Code
Pinal
Subdivision
PALM SPRINGS UNIT FOURTEEN
Assessor Number
102-25-020
Tax Year
2025
Assessor's Map #
25
Legal Description (Abbrev)
LOT 1419 PALM SPRINGS UNIT FOURTEEN
Assessor's Parcel #
20
Add'l Parcels
No
Tax Municipality
Pinal - COUNTY
Census Tract
315
Taxes
1647
Legal
LOT 1419 PALM SPRINGS UNIT FOURTEEN
Marketing Name
Apache Junction Fourplex

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
92 X 109
Year Built
1983
Uncvrd Parking Spcs
8
Total # of Units
4
# of Buildings
Yes
Zoning
RM-2
Flood Zone
TBD
Elementary School District
Apache Junction Unified District
High School District
Apache Junction Unified District
Elementary School
Desert Vista Elementary School
Jr. High School
Cactus Canyon Junior High
High School
Apache Junction High School

Remarks Misc

Cross Street
SOUTHERN AVENUE AND IDAHO ROAD
Directions
GO EAST ON SOUTHERN FROM IDAHO TO WINCHESTER, TURN LEFT TO MONTEBELLO, TURN RIGHT, GO TO 478 ON LEFT.

Legal Info

Township
01N
Range
08E
Section
28
Lot Number
1419

Income Expenses

Gross Annual Sch Inc
54480
Net Operating Income
49254

More Information

Showing Notification Methods

Showing Service
No Showing Service Used
Phone Call
Yes

2 Bedroom Units

# 2 Bedroom Units
4
Avg Rent
1135
Avg SqFt
808
# Baths
Yes

Project Type

Four Plex
Yes

Construction

Wood Frame
Yes

Const - Finish

Wood Siding
Yes
Painted
Yes
Stucco
Yes

Roofing

Built-Up
Yes
Foam
Yes

Floors

Tile
Yes

Sale Includes

Personal Property
Yes

Income & Expenses

Annual Ins Exp
1800
Annual Trash Exp
275
Annual Wtr/Swr Exp
960
Owner Association
No
Annual Ownr Asoc Fee
0
Operating Exp
4682
Other Income
0
Vacancy Allowance
0.01
Adjusted Gross Inc
53935.2
Total Monthly Rental Income
4540

Pmt & Rate Info

Cap Rate
8.66
Equity
569000
Down Payment %
0
Monthly Payments
0
Total Owed
0

Lockbox Type

None
Yes

Community Features

No Pool
Yes

Heating

Ceiling
Yes
Forced Air
Yes
Electric
Yes

Cooling

Ceiling Fan(s)
Yes
Central Air
Yes
Electric
Yes

Exterior Amenities

Desert Landscaping
Yes
Partially Fenced
Yes
Sidewalk(s)
Yes
Patio/Balcony
Yes
Separate Storage
Yes

Interior Features

Unfurnished
Yes
Fire/Smoke Alarm(s)
Yes
Mini Blinds
Yes

Tenant Pays

Electricity
Yes
Cable TV
Yes

Appliances Included

Free-Standing Electric Oven
Yes
Refrigerator
Yes

Road Surface Type

Asphalt
Yes

Source of Fincl Data

Owner
Yes

Road Responsibility

City Maintained Road
Yes

Water Source

Community Franchise
Yes
Master Meter
Yes

Sewer

Septic Tank
Yes
Septic-In & Connected
Yes

Parking Features

Free
Yes
On Street
Yes
>1 Space Per Unit
Yes
Add'l Parking Avail
Yes
Off Street
Yes

Electric

SRP
Yes
Individual Meter
Yes

Gas

None
Yes

Owner Pays

Water
Yes
Trash Collection
Yes

New Financing

Cash
Yes
VA
Yes
Conventional
Yes
Other (See Remarks)
Yes

Special

Incorporated Area
Yes

Existing 1st Loan

Treat as Free&Clear
Yes

Existing 1st Loan Type

Not Applicable
Yes

Existing 1st Loan Terms

Not Applicable
Yes

Existing 2nd Loan

Treat as Free&Clear
Yes

Existing 2nd Loan Type

Not Applicable
Yes

Existing 2nd Loan Terms

Not Applicable
Yes

Existing 3rd Loan

Treat as Free&Clear
Yes

Existing 3rd Loan Type

Not Applicable
Yes

Reports/Disclosures

Seller Prop Disc Stm
Yes

Existing 3rd Loan Terms

Not Applicable
Yes

Environmental

None
Yes

Existing Othr Ln Trm

Not Applicable
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: Wood Siding; Painted; Stucco Roofing: Built-Up; Foam Floors: Tile Sale Includes: Personal Property Community Features: No Pool Exterior Amenities: Desert Landscaping; Partially Fenced; Sidewalk(s); Patio/Balcony; Separate Storage Interior Features: Unfurnished; Fire/Smoke Alarm(s); Mini Blinds Appliances Included: Free-Standing Electric Oven; Refrigerator Heating: Ceiling; Forced Air Cooling: Ceiling Fan(s); Electric; Central Air Water Source: Community Franchise; Master Meter Sewer: Septic Tank; Septic-In & Connected Electric: SRP; Individual Meter Gas: None Parking Features: On Street; >1 Space Per Unit; Add'l Parking Avail; Free; Off Street Road Surface Type: Asphalt Road Responsibility: City Maintained Road Owner Pays: Water; Trash Collection Tenant Pays: Electricity; Cable TV Source of Fincl Data: Owner Special: Incorporated Area Showing Notification Methods: Phone Call Lockbox Type: None Existing 1st Loan: Treat as Free&Clear Existing 1st Loan Type: Not Applicable Existing 1st Loan Terms: Not Applicable Existing 2nd Loan: Treat as Free&Clear Existing 2nd Loan Type: Not Applicable Existing 2nd Loan Terms: Not Applicable Existing 3rd Loan: Treat as Free&Clear Existing 3rd Loan Type: Not Applicable Existing 3rd Loan Terms: Not Applicable Existing Othr Ln Trm: Not Applicable New Financing: Cash; VA; Conventional; Other (See Remarks) Environmental: None
IDX
Listing Office: Better Homes & Gardens Real Estate SJ Fowler
Last Updated: July - 08 - 2026
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