Properties
Apache Junction, AZ 85120 10411 E 1ST Street
$1,200,000
7 more
Presented By: Orchard Brokerage;
Home Details
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.
Presented By: Orchard Brokerage;
Interior Features for 10411 E 1ST Street
Bathrooms
Total Baths
Other Interior Features
Air Conditioning Y/NYes
FlooringTile
Heating Y/NYes
General for 10411 E 1ST Street
Additional Parcels Y/NNo
Attached Garage No
Cap Rate5.8
Carport Y/NNo
CityApache Junction
Community FeaturesOther
Construction MaterialsWood Frame, Painted, Stucco, Block
CoolingCentral Air, Ceiling Fan(s)
CountyMaricopa
DisclosuresSeller Prop Disc Stm
ElectricAPS
Electric Expense1800.0
Elementary SchoolSousa Elementary School
Elementary School DistrictMesa Unified District
Fuel Expense0.0
Garage Y/NNo
Gross Income68904.0
HeatingForced Air, Central, Electric
High SchoolSkyline High School
High School DistrictMesa Unified District
Insurance Expense3000.0
Lease Considered Y/NNo
Lease Renewal Y/NNo
MaintenanceExpense0.0
Middle/Junior High SchoolSousa Elementary School
MobileHomeRemainsYNNo
Net Operating Income69600.0
New ConstructionNo
New Financing: CashTrue
New Financing: ConventionalTrue
New Financing: FHATrue
New Financing: VATrue
Number Of Units Total6
Occupancy TypeTenant
Open Parking Spaces15.0
Operating Expense29320.0
OwnerPaysOther
OwnershipFee Simple
OwnershipFee Simple
Property TypeMultiple Dwellings
Rent Control Y/NNo
RoofComposition, Metal
Senior CommunityN
SewerPrivate Sewer
Standard StatusActive
StatusActive
Tax Annual Amount1220.0
Tax Lotxx
Tax Year2025
Township1N
Trash Expense1800.0
Water Sewer Expense3500.0
Year Built1973
ZoningR3
Exterior for 10411 E 1ST Street
Covered Spaces0.0
Crops Included Y/NNo
Irrigation Water Rights Y/NNo
Lot Dimensions246x156
Number of Buildings5
Parking FeaturesRV Access/Parking, Other, Add'l Parking Avail
Road Surface TypeDirt, Gravel
SpaNo
Total Parking15.0
Water SourceCity Franchise
Additional Details
Price History
Schools
Middle School
Sousa Elementary School
High School
Skyline High School
