$599,000
UNDER CONTRACT

501 E Kachina Ave Apache Junction, AZ 85119

Estimated payment $3,449/month

Total Views 759
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Cooling Available
  • Ceiling Fan
  • Heat Pump System
  • Ceramic Tile Flooring

About This Home

Investment opportunity in Apache Junction! This fourplex features four 2-bedroom, 1-bathroom units situated on a spacious lot. While the property requires some exterior TLC, it presents a fantastic chance to add value and generate strong rental income in a growing area. Investors & Owner Occupants Invited. All Facts and Figures Approximate, Buyer to Verify To Their Satisfaction

Listing Agent

Steve Fowler

Better Homes & Gardens Real Estate SJ Fowler License #BR012851000 Listed on: 05/19/2025

Better Homes & Gardens Real Estate SJ Fowler

Co-Listing Agent

Steven Cvetanovich

Better Homes & Gardens Real Estate SJ Fowler License #BR646588000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,349

Year Built

  • Built in 1982

Home Design

  • Built-Up Roof
  • Block Exterior

Interior Spaces

  • Ceiling Fan

Flooring

  • Carpet
  • Ceramic Tile

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces
  • Over 1 Space Per Unit

Schools

  • Apache Junction High School

Utilities

  • Cooling Available
  • Heat Pump System
  • Individual Controls for Heating
  • Master Water Meter

Listing and Financial Details

  • Tax Lot 1041
  • Assessor Parcel Number 102-26-042

Community Details

Overview

  • 4 Units
  • Building Dimensions are Irr
  • Palm Springs Subdivision

Building Details

  • Operating Expense $5,949
  • Gross Income $46,560
  • Net Operating Income $22,084

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,349

Year Built

Built in 1982

Lot Details

0

Listing Details

  • Cross Street: Southern and Idaho
  • Legal Info Range: 08E
  • Property Type: Multiple Dwellings
  • Zoning: Multi
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1982
  • Tax Year: 2023
  • Directions: From Southern & Idaho East to Winchester & North to Kachina, turn right
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: sjfl01
  • Co List Office Phone: 480-649-3536
  • Subdivision Name: Palm Springs
  • Special Features: UnderContract
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile
  • Appliances: Free-Standing Range, Refrigerator, W/D Hookup
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: None, Seller Prop Disc Stm
  • Construction Type: Painted, Block
  • Roof: Built-Up
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 8.0
  • Total Parking Spaces: 8.0
  • General Property Description:Uncvrd Parking Spcs: 8.0
  • General Property Description:Total Parking Spcs: 8.0

Utilities

  • Electric: SRP
  • Cooling: Ceiling Fan(s), Electric, Heat Pump, Individual
  • Heating: Individual, Heat Pump, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Master Meter, City Franchise
  • Heating:Electric: Yes
  • Heating:Individual: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Unfurnished: Yes
  • Interior Amenities:Vertical Blinds2: Yes
  • Exterior Amenities:Satellite Dish: Yes

Fee Information

  • Annual Water Sewer Expense: 1600.0

Schools

  • High School: Apache Junction High School
  • Junior High Dist: Apache Junction Unified District

Lot Info

  • Lot Size: Irr
  • Additional Parcels: No
  • Parcel #: 102-26-042

Multi Family

  • Owner Pays: Water, Sewer
  • Number Of Units Total: 4
  • Annual Gross Income: 46560.0
  • Insurance Expense: 1200.0
  • Maintenance Expense: 1800.0
  • Property Net Operating Income: 22084.0
  • Annual Operating Expense: 5949.0
  • Vacancy Allowance Rate: 0.03

Tax Info

  • Tax Annual Amount: 1349.0
  • Tax Book Number: 102.00
  • Tax Lot: 1041

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $1,349 $21,730 -- --
2024 $1,273 $21,748 -- --
2023 $1,328 $14,037 $0 $0
2022 $1,273 $20,017 $5,012 $15,005
2021 $1,297 $19,044 $0 $0
2020 $1,263 $13,755 $0 $0
2019 $1,212 $13,160 $0 $0
2018 $1,187 $8,142 $0 $0
2017 $1,156 $7,926 $0 $0
2016 $1,127 $7,919 $1,100 $6,819
2014 $1,068 $6,245 $1,100 $5,145
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/19/2025 05/19/25 For Sale $599,000 +299.3% --
01/14/2013 01/14/13 Sold $150,000 +0.1% $52 / Sq Ft
01/02/2013 01/02/13 Pending -- -- --
12/21/2012 12/21/12 For Sale $149,900 -- $52 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- None Available
Warranty Deed $150,000 Security Title Agency
Cash Sale Deed $123,000 None Available
Cash Sale Deed $123,000 None Available
Trustee Deed $102,001 None Available
Warranty Deed -- None Available
Warranty Deed $172,000 Capital Title Agency Inc
Warranty Deed $116,850 Transnation Title Insurance
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $272,000 Unknown
Previous Owner $34,000 Stand Alone Second
Previous Owner $137,600 Negative Amortization
Previous Owner $105,150 No Value Available
Source: Public Records

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6868398

Arizona Regional Multiple Listing Service (ARMLS)

APN: 102-26-042