BEDS0
BATHS
MLS#6991508
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SCHOOLMesa Unified District
Property Description
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 propertys in-place rents are materially below market, especially for the 1-bedroom units averaging $950, which is low for the East Valleys workforce housing segment.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Central Air, Ceiling Fan(s)
Heating: Electric, Central, Forced Air
Roof Type: Composition, Metal
Taxes: $1,220
Year Built: 1973
Feature Descriptions
Community Features: Other
Days on Site: 31
Exterior: Block, Wood Frame, Painted, Stucco
Parking: Other, RV Access/Parking
Water: City Franchise
Local Schools
High School: Skyline High School
Middle School: Sousa Elementary School
Elementary School: Sousa Elementary School
School District: Mesa Unified District
Listed By / Shown By
Listed By
Agency Name: Orchard Brokerage
Shown By
Agent Name: Kelly Karbon
Agent Phone: (480) 313-4952
Agency Title: Arizona Best Real Estate
Estimate Your Payment
Estimated Payment
$ 3,122.35 per month $2,670.68 Principal & Interest $101.67 Property Tax $350.00 Homeowner's InsuranceChange Payment Information
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10411 E 1st Street | MLS# 6991508
This multi-family property located at 10411 E 1st Street, Apache Junction, AZ 85120 is currently listed for sale with an asking price of $1,200,000. E 1st Street is located within the Mesa Unified District school district. Search Apache Junction real estate on www.besthomesinscottsdale.com today.