10411 East 1ST Street Apache Junction, AZ 85120

$1,000,000
$1,000,000
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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***

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***

  • Neighborhood
  • Type
  • County
    Maricopa
  • Area
    Apache Junction
  • Tax Amount
    $1,220
  • Status
    Active
  • Listing #
    6991508
  • Built
    1973
  • Listed on site
    93 days
  • Listing Agent Phone
    602-435-6708

Listed by:
Orchard Brokerage

mls source logo Listing provided courtesy of Arizona Regional Multiple Listing Service, Inc. (ARMLS)
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Property details

Community Features

  • No HOA
  • Not Age Restricted

Exterior features

  • No Pool

Property History

DateDays AgoEventNew Price
Apr 16, 20262 mos agoPrice decreased200,000 (17%)$1,000,000
Mar 2, 20263 mos agoNew on market$1,200,000
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