1220 S 10TH Avenue Phoenix, AZ 85007
HOW MUCH WOULD YOU LIKE TO OFFER FOR THIS PROPERTY?
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision Daniels 2Nd Addition
MLS Listing ID 7037076
Bedrooms 11
Maintenance Fees $1,000
Year Built 1940
Annual Tax Amount $1,480
Tax Year 2025
Lot Dimensions 5889
Source Arizona Regional Multiple Listing Service (ARMLS)
Property Description
**Investors, don't miss this Central Phoenix opportunity!** This value-add 4-unit multifamily property offers incredible income potential with most interior renovations already completed. Finish the final improvements and unlock the property's full earning potential!
The owner began extensive renovations but had to relocate overseas due to family and work commitments, creating an opportunity for the next investor to complete the project.
**FOUR INCOME-PRODUCING UNITS:**
- **3 Bed / 2 Bath:** Spacious front unit with beautifully renovated bathrooms and private laundry room. Market rent $1,900 - **2 Bed / 1 Bath:** Rear unit with renovated kitchen (shared laundry) Market rent $1,200
- **1 Bed / 1 Bath:** Rear unit with renovated kitchen (shared laundry)Market rent $999
- **Studio:** Additional rental income opportunity. Market rent $699
All three rear units feature private entrances for added tenant privacy.
**WHY INVESTORS WILL LOVE IT:**
- **$4,800+ projected monthly rental income** once completed and stabilized.
- Approximately **$30K-$35K in remaining improvements**, including new electrical panel, HVAC for all four units, appliances, and water heaters.
- Separate electrical meters planned for individual utility billing.
- Large rear storage room with additional rental income potential.
- Approximately 3 onsite parking spaces plus street parking.
- **Flexible purchase options!** Buy as-is or negotiate with the seller to complete improvements before closing.
**PRIME CENTRAL PHOENIX LOCATION!** Convenient access to Downtown Phoenix, major freeways, employment centers, restaurants, shopping, and public transportation.
**FOUR UNITS. MULTIPLE INCOME STREAMS. SIGNIFICANT UPSIDE.**
Whether you're a seasoned investor or expanding your rental portfolio, this property offers an exciting combination of cash-flow potential, value appreciation, and long-term wealth building.
**PRICED TO SELL -- BRING YOUR OFFER!**
*Buyer to independently verify zoning, permits, unit configurations, measurements, renovation costs, rental projections, and all property information. Rental income is projected, not guaranteed.*
Location
State AZ
County Maricopa
Community Daniels 2Nd Addition
Area Maricopa
Zoning residential
Direction West to 10th ave then North to house
Interior
Heating Varies by Unit, Heat Pump
Cooling Heat Pump
Flooring Ceramic Tile
Appliance Disposal, Dishwasher, Refrigerator, Microwave, Washer/Dryer
Exterior
Parking Features Carport
Community Features No Pool
Roof Type Tile
Private Pool No
Building
Sewer Public Sewer
Water Master Meter, City Franchise
New Construction No
Schools
Elementary Schools Mary Mcleod Bethune School
Middle Schools Mary Mcleod Bethune School
High Schools Central High School
School District Phoenix Union High School District
Others
Senior Community No
Tax ID 105-01-051
Ownership Fee Simple
Acceptable Financing Cash, Other (See Remarks), No Carry, Conventional
Disclosures Seller Prop Disc Stm
Listing Terms Cash, Other (See Remarks), No Carry, Conventional
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