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… Read More 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. Read Less
Courtesy of Orchard Brokerage
Listing Snapshot
Days Online
33
Last Updated
Property Type
Multiple Dwellings
Year Built
1973
MLS Number
6991508
30 Days Snapshot Of 85120
$295k
-10%
(avg) sold price
40
-11%
homes sold
118
-7%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
"Built-In Range", "Disposal", "Refrigerator"
Building
Built in 1973, Construction materials: "Wood Frame", "Painted", "Stucco", "Block", 6 total units
Cooling
"Central Air", "Ceiling Fan(s)"
Expenses
Electric: $1,800, Insurance: $3,000, Water sewer: $3,500
Floors
"Tile"
Heating
"Forced Air", "Central", "Electric"
Parking
"RV Access/Parking", "Add'l Parking Avail", 15 total parkings
Property
Zoning: R3
Roof
"Composition", "Metal"
Sewer
"Private Sewer"
Taxes
Annual amount: $1,220, Lot: xx
Utilities
"APS"
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