1220 S 10th Avenue, Phoenix, AZ 85007
- $325,000
- List Price
- $325,000
- Days on Market
- 53
- Status
- ACTIVE
- MLS#
- 7037076
- City
- Phoenix
- Subdivision
- Daniels 2nd Addition
- Year Built
- 1940
Property Description
Excellent value-add multifamily investment opportunity located in the growing Central Phoenix market. This unique 4-unit property offers strong income potential with major renovation work already completed, making it an ideal opportunity for investors looking to finish the final touches and maximize returns. The property consists of: Front Unit: Spacious 3 Bedroom / 2 Full Bathroom unit with in-unit laundry room Rear Unit 1: 1 Bedroom / 1 Bathroom Rear Unit 2: 2 Bedroom / 1 Bathroom Rear Unit 3: Studio unit Each rear unit has its own private entrance, creating privacy and flexibility for tenants. The majority of the interior renovation work has already been completed. Additional planned upgrades include: Brand new electrical system installation New HVAC systems New ap New hot water heaters Seller plans to complete the remaining improvements prior to closing for an additional negotiated price, providing buyers flexibility to either purchase as-is or receive a near turn-key finished product. The property includes parking for approximately 3 vehicles onsite, along with additional street parking availability. This is a great opportunity for an investor or owner-operator to take over a nearly completed project and add the final cosmetic and operational touches. Estimated total rental income is projected to exceed $4,000 per month once fully stabilized. Conveniently located near Downtown Phoenix, major freeways, employment centers, dining, shopping, and public transportation, this property benefits from strong rental demand and continued area growth. Priced to sell quickly. Excellent opportunity for investors seeking cash flow, appreciation potential, and value-add upside. Buyer to verify all facts, figures, measurements, zoning, permits, and projected rental income.
Additional Information
- Elementary School
- Mary Mcleod Bethune School
- High School
- Central High School
- Middle School
- Mary Mcleod Bethune School
- Community Features
- No Pool
- Construction
- Wood Frame, Painted, Stucco
- Cooling
- Heat Pump
- Electric
- APS, Master Meter
- Flooring
- Ceramic Tile
- Heating
- Heat Pump, Varies by Unit
- New Financing
- Conventional, Other (See Remarks), No Carry, Cash
- Parking Features
- Carport
- Roofing
- Tile
- Subdivision
- Daniels 2nd Addition
- Taxes
- $1,480
- Tax Year
- 2025
- Tenant Pays
- Water, Sewer, Electricity, Gas, Trash Collection, Cable TV, Landscaping, See Remarks
- Units
- 4
- Water
- Master Meter, City Franchise
- Zoning
- residential
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Listing courtesy of Kosh Realty.
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