10411 E 1st St

Apache Junction AZ 85120

Multi-Family

Currently for sale - view listing

Overview

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***