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Rich Brecklin

rich@arizonalife.net +1(480) 660-3460

$1,000,000

Est. payment - /mo

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UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 6991508

Year Built 1973

Annual Tax Amount $1,220

Tax Year 2025

Lot Dimensions 246x156

Source Arizona Regional Multiple Listing Service (ARMLS)

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***

Location

State AZ

County Maricopa

Area Maricopa

Zoning R3

Interior

Heating Forced Air, Central, Electric

Cooling Central Air, Ceiling Fan(s)

Flooring Tile

Appliance Built-In Range, Disposal, Refrigerator

Exterior

Parking Features RV Access/Parking, Other, Add'l Parking Avail

Community Features Other

Roof Type Composition,Metal

Private Pool No

Building

Sewer Private Sewer

Water City Franchise

New Construction No

Schools

Elementary Schools Sousa Elementary School

Middle Schools Sousa Elementary School

High Schools Skyline High School

School District Mesa Unified District

Others

Senior Community No

Tax ID 220-47-059-A

Acceptable Financing Other (See Remarks), Conventional, FHA, VA Loan

Disclosures Seller Prop Disc Stm

Listing Terms Other (See Remarks), Conventional, FHA, VA Loan

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Listed by Orchard Brokerage • Eric Williamson

NEARBY SCHOOL & BUSINESS

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Rich Brecklin

+1(480) 660-3460

Agent

10411 E 1ST Street Apache Junction, AZ 85120

Rich Brecklin

Key Details

Location

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOL & BUSINESS

GET MORE INFORMATION