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10411 E 1st St, Apache Junction, AZ 85120

  • $1,000,000

  • 7

    bed

  • 7

    bath

Multi-family for sale 82 days
$200K price drop
Movoto is helping 43 homebuyers near you

About 10411 E 1st St

Property type Multi-family
Neighborhood
Year built 1973
HOA fee $0/month
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 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***
Listed by
Listing Agent - Eric Williamson
Listing Office - Orchard Brokerage
Source: ARMLS mls logo
MLS#6991508 • last updated 1 month ago
Movoto checked ARMLS for data 9 minutes ago
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Overview
Cooling/AC Central Air, Ceiling Fan(s)
Heating Forced Air, Central, Electric
MLS # 6991508
Type Multiple Dwellings
Status Active
Property Tax 1220
Year Built 1973
Interior
Flooring Tile
Appliances Built-In Range, Disposal, Refrigerator
Exterior
Roof Composition, Metal
Construction Wood Frame, Painted, Stucco, Block
Parking RV Access/Parking, Other, Add'l Parking Avail
# of Open Parking Spaces 15
Amenities / Utilities
Water Source City Franchise
Sewer/Septic Private Sewer
Location
Community Features Other
Elementary School Sousa Elementary School
Elementary School District Mesa Unified District
Middle School Sousa Elementary School
High School District Mesa Unified District
High School Skyline High School
APN 220-47-059-A
Zoning R3
Multifamily Details
Total # of Units 6
Expense: Operating 29320
Financial Data Source Owner
Vacancy Allowance 0.01
Expense: Insurance 3000
Net Operating Income 69600
Gross Income 68904
Expense: Electric 1800
Expense: Trash 1800
Expense: Professional Management 18000
Expense: Water/Sewer 3500
Gross Scheduled Income 69600
Lot/ Land Details
Road Surface Dirt, Gravel
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5/10
Sousa Elementary School
public Grades PK, K-6
Mesa Unified School District
10/10
Franklin at Brimhall Elementary School
public Grades PK, K-6
Mesa Unified School District
8/10
Franklin Elementary School
public Grades PK, K-6
Mesa Unified School District
3/10
Smith Junior High School
public Grades 7-8
Mesa Unified School District
4/10
Skyline High School
public Grades 9-12
Mesa Unified School District
Source: GreatSchools.org © 2026. All rights reserved.

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  • Real Estate
  • AZ
  • Pinal County
  • Apache Junction
  • 85120
  • University Manor
  • 10411 E 1st St

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