10411 E 1ST Street, Apache Junction, AZ 85120
New Listing
$1,200,000
Property Type:
Multiple Dwellings
Status:
Active
Current Price:
$1,200,000
List Date:
3/02/2026
Last Modified:
3/02/2026
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
Supplements: 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.
More Information MLS# 6991508
Contract Info
Ownership: Fee Simple
Current Price: $1,200,000
List Price: $1,200,000
Status: Active
List Date: 2026-02-28
Location, Tax & Legal
Assessor's Map #: 47
Legal Description (Abbrev): W 250F OF S 610F OF NE4 SEC 23 T1N R7E EX W 238F OF N 240F OF S 390F & EX S 150F RD & EX N 50F RD P/
Assessor's Parcel #: 59
Assessor Parcel Ltr: A
Add'l Parcels: No
Tax Municipality: Maricopa - COUNTY
Census Tract: 420116
Taxes: 1220
Legal: W 250F OF S 610F OF NE4 SEC 23 T1N R7E EX W 238F OF N 240F OF S 390F & EX S 150F RD & EX N 50F RD P/
Marketing Name: Cash cow in AJ
House Number: 10411
Compass: E
Street Name: 1ST
St Suffix: Street
City/Town Code: Apache Junction
State/Province: AZ
Zip Code: 85120
Zip4: 4200
County Code: Maricopa
Assessor Number: 220-47-059-A
Tax Year: 2025
General Property Description
# of Buildings: 5
Uncvrd Parking Spcs: 15
Lot Size Dimensions: 246x156
Total # of Units: 6
Elementary School District: Mesa Unified District
High School District: Mesa Unified District
Elementary School: Sousa Elementary School
Jr. High School: Sousa Elementary School
High School: Skyline High School
Year Built: 1973
Zoning: R3
Legal Info
Range: 7E
Section: 23
Township: 1N
Lot Number: xx
Project Type
5 - 12 Units: 1
Construction
Block: 1
Wood Frame: 1
Const - Finish
Painted: 1
Stucco: 1
Other (See Remarks): 1
Roofing
Composition: 1
Metal: 1
Floors
Tile: 1
Sale Includes
Land & Building: 1
Other (See Remarks): 1
Income & Expenses
Annual Elec Exp: 1800
Annual Gas Exp: 0
Annual Ins Exp: 3000
Annual Land Lse Exp: 0
Annual Landscape Exp: 0
Annual Legal & Acctg: 0
Annual Maint Exp: 0
Annual Mgmt Exp: 18000
Annual Trash Exp: 1800
Annual Wtr/Swr Exp: 3500
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 29320
Other Income: 0
Vacancy Allowance: 0.01
Adjusted Gross Inc: 68904
Pmt & Rate Info
Cap Rate: 5.8
Equity: 1200000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Showing Service: Aligned Showings
Text: 1
Phone Call: 1
Lockbox Type
None: 1
Community Features
Other: 1
Heating
Forced Air: 1
Electric: 1
Central: 1
Cooling
Ceiling Fan(s): 1
Central Air: 1
Tenant Pays
Water: 1
Electricity: 1
Trash Collection: 1
Cable TV: 1
Appliances Included
Disposal: 1
Refrigerator: 1
Built-In Range: 1
Road Access Type
Dedicated Street: 1
Easement: 1
Private Road: 1
Road Surface Type
Dirt: 1
Gravel: 1
Source of Fincl Data
Owner: 1
Water Source
City Franchise: 1
Sewer
Sewer - Private: 1
Parking Features
Add'l Parking Avail: 1
RV Access/Parking: 1
Other: 1
Electric
APS: 1
Gas
None: 1
Owner Pays
Other: 1
New Financing
Cash: 1
VA: 1
Conventional: 1
FHA: 1
Other (See Remarks): 1
Existing 1st Loan
Treat as Free&Clear: 1
Reports/Disclosures
Seller Prop Disc Stm: 1
Environmental
None: 1
Contact Info
List Agent Home Phn: 602-435-6708
Efficiency Units
Avg Rent: 0
1 Bedroom Units
# 1 Bedroom Units: 5
Avg Rent: 950
Avg SqFt: 750
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 1
Avg Rent: 1000
Avg SqFt: 1000
# Baths: 2
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Geo Lat: 33.416345
Geo Lon: -111.606228
Income Expenses
Gross Annual Sch Inc: 69600
Net Operating Income: 69600
Property Features
Project Type: 5 - 12 Units
Construction: Block; Wood Frame
Const - Finish: Painted; Stucco; Other (See Remarks)
Roofing: Composition; Metal
Floors: Tile
Sale Includes: Land & Building; Other (See Remarks)
Community Features: Other
Appliances Included: Built-In Range; Refrigerator; Disposal
Heating: Forced Air; Central
Cooling: Ceiling Fan(s); Central Air
Water Source: City Franchise
Sewer: Sewer - Private
Electric: APS
Gas: None
Parking Features: Add'l Parking Avail; RV Access/Parking; Other
Road Access Type: Dedicated Street; Easement; Private Road
Road Surface Type: Gravel; Dirt
Owner Pays: Other
Tenant Pays: Water; Electricity; Trash Collection; Cable TV
Source of Fincl Data: Owner
Showing Notification Methods: Text; Phone Call
Lockbox Type: None
Existing 1st Loan: Treat as Free&Clear
New Financing: Cash; VA; FHA; Conventional; Other (See Remarks)
Environmental: None
Listing Office:
Orchard Brokerage
Last Updated: March - 02 - 2026
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