1220 S 10TH Avenue
Phoenix, AZ 85007
About
**HOT INVESTMENT OPPORTUNITY! CURRENTLY VACANT - 4 UNITS | ~$4,800+ POTENTIAL MONTHLY RENT | MAJOR RENOVATIONS ALREADY COMPLETED!** **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.*
Property
Beds
11
Full Baths
None
1/2 Baths
None
Year Built
1940
Sq.Footage
N/A
Features
Features & Amenities
Interior
-
Total Bedrooms
11
-
Bathrooms
N/A
-
Cooling YN
YES
-
Cooling
Heat Pump
-
Heating YN
YES
-
Heating
Heat Pump, Varies by Unit
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Stucco
-
Parking
Carport
-
Pool
No
Area & Lot
-
Property Type
Residential Income
-
Property Sub Type
Multi Family
Price
-
Sales Price
$299,900
-
Tax Amount
$1,480
-
Financing Options
Conventional, Cash
-
Sq. Footage
N/A
-
Price/SqFt
N/A
HOA
-
Association
No
School District
-
Elementary School
Phoenix Elementary District
-
Middle School
Mary Mcleod Bethune School
-
High School
Central High School
Property Features
-
Ownership
Fee Simple
-
Sewer
Public Sewer
-
Tax Lot
14
-
Water Source
Public
Schedule
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Location
-
County
Maricopa
-
Elementary School
Phoenix Elementary District
-
Middle School
Mary Mcleod Bethune School
-
High School
Central High School
Listing Courtesy of Kiran Vedantam, Kosh Realty
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Mandy Gold
Associate Broker / RealtorĀ®/ Team Lead
Call Mandy today to schedule a private showing.
Phone (520) 508-4855
Email mandy@mandygoldteam.com
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