About The Property

10411 E 1st St is a 6-unit, 5-building multifamily asset on a 1.04-acre lot in Apache Junction, offering investors a rare combination of low operating expenses, strong in-place income, and clear rent-growth upside. The property is positioned in a high-demand workforce housing corridor with durable tenant demand and minimal competing supply. With a reported NOI of $69,600 and a 5.8% cap rate at list price, the asset performs as a stabilized cash-flowing investment with for appreciation. The property's in-place rents are materially below market, especially for the 1-bedroom units averaging $950, which is low for the East Valley's workforce housing segment. ***SELLER MAY CARRY***
Courtesy of Orchard Brokerage
Listing Snapshot
Days Online
49
Last Updated
Property Type
Multiple Dwellings
Year Built
1973
MLS Number
6991508
M. Logan
Top 2% performing AZ broker
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Additional Details

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Appliances & Equipment
"Built-In Range", "Disposal", "Refrigerator"
Building
Built in 1973, Construction materials: "Wood Frame", "Painted", "Stucco", "Block", 6 total units
Cooling
"Central Air", "Ceiling Fan(s)"
Expenses
Electric: $1,800, Insurance: $3,000, Water sewer: $3,500
Floors
"Tile"
Heating
"Forced Air", "Central", "Electric"
Parking
"RV Access/Parking", "Add'l Parking Avail", 15 total parkings
Property
Zoning: R3
Roof
"Composition", "Metal"
Sewer
"Private Sewer"
Taxes
Annual amount: $1,220, Lot: xx
Utilities
"APS"
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30 Days Snapshot Of 85120
$305k
-1%
(avg) sold price
46
-14%
homes sold
107
-17%
(avg) days on market
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Monthly Payment
$0

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