451 E 10th Avenue, Apache Junction, AZ 85119
- $725,000
- 8
- BD
- 4
- BA
- List Price
- $725,000
- Status
- ACTIVE
- Days on Market
- 53
- MLS#
- 7056408
- City
- Apache Junction
- Bedrooms
- 8
- Bathrooms
- 4
- Year Built
- 1980
Property 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. All units were tastefully renovated from 2023-2025 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. Three Tenants are currently in place at strong rental rates, delivering immediate cash flow from day one. ONE VACANT UNIT, making house-hacking 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!!
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Additional Information
- Taxes
- $1,544
- Net Operating Income
- $25,000
- Cap Rate
- 3.45
- Units
- 4
- Parking Features
- 1 Space/Unit
- Construction
- Wood Frame, Painted, Stucco, Siding
- Roofing
- Composition
- Cooling
- Central Air, Electric, Varies by Unit, 2 or More Units, Ceiling Fan(s)
- Heating
- Zoned, Electric, Varies by Unit, Central, Forced Air
- Zoning
- General Rural Z
- Exterior Features
- Rain Gutters
- Subdivision
- Palm Springs Unit Five
- Community Features
- No Pool
- Electric
- SRP
- Water
- City Franchise
- Sewer
- Sewer-In & Connected
- Tenant Pays
- Cable TV
- New Financing
- Conventional, 1031 Exchange, Cash
- Elementary School
- Peralta Trail Elementary School
- Middle School
- Cactus Canyon Junior High
- High School
- Apache Junction High School
Courtesy of Keller Williams Integrity First Realty. 480-854-2400
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