Phoenix AZ Multi-Family Real Estate, Homes for Sale - Brandy Aguirre Real Estate Advisor

Discover a fully updated triplex in a prime Phoenix location—an exceptional investment opportunity you won't want to miss. This well-maintained building features two renovated 1-bed/1-bath units and one spacious and updated 2-bed/1-bath unit, offering strong rental versatility and appeal. Each unit has been thoughtfully refreshed with modern finishes, creating comfortable, move-in-ready living spaces. The property includes covered parking, low-maintenance landscaping, and easy access to some of the area's best amenities. Just minutes from Papago Park, the Phoenix Zoo, and SR-143, residents enjoy quick commutes, outdoor recreation, and countless attractions at their doorstep.

4832 E Willetta Street, Phoenix

$3,300,000

40 Beds ⋅ 24 Baths ⋅ 6955610 MLS

Hazelwood Apartments is a 24-unit garden-style community built in 1985 in Central Phoenix, featuring (8) one-bedroom and (16) two-bedroom units, all individually metered for electricity. Amenities include on-site laundry and 34 parking spaces. Twenty-five percent of the units are subject to a HUD LURA through 2030, requiring income-qualified tenants and restricted rents, while the remaining units operate at market rates. Located near the light rail corridor, GCU, and major employment centers, the property benefits from infill development and strong rental demand. Light value-add potential exists through interior upgrades, enhanced curb appeal, and modernization of common areas, supporting long-term stability and operational upside.

2234 W Hazelwood Street, Phoenix

$749,000

5 Beds ⋅ 4 Baths ⋅ 6952059 MLS

This well-maintained slump-block fourplex is positioned at the end of a quiet cul-de-sac and offers an outstanding combination of long-term durability, strong rental upside, and low-maintenance operating costs. With immediate proximity to SR-51, the property provides fast access to major employment centers including the Biltmore Financial District, Midtown, Downtown Phoenix, and nearby healthcare campuses. Key Property Highlights Brand-New Roof with a transferable warranty, providing future owners with peace of mind and reduced capital expense. Maintenance-Free Landscaping, upgraded with ¼-inch crushed granite and the proper underlying weed-control membrane--dramatically reducing ongoing grounds maintenance. Private Outdoor Space for Each Tenant, includi This well-maintained slump-block fourplex is positioned at the end of a quiet cul-de-sac and offers an outstanding combination of long-term durability, strong rental upside, and low-maintenance operating costs. With immediate proximity to SR-51, the property provides fast access to major employment centers including the Biltmore Financial District, Midtown, Downtown Phoenix, and nearby healthcare campuses. Key Property Highlights Brand-New Roof with a transferable warranty, providing future owners with peace of mind and reduced capital expense. Maintenance-Free Landscaping, upgraded with ¼-inch crushed granite and the proper underlying weed-control membranedramatically reducing ongoing grounds maintenance. Private Outdoor Space for Each Tenant, including individual fenced patios and rear yards, increasing tenant satisfaction, retention, and rental demand. Desirable Slump Block Construction, known for its durability, thermal performance, and long-term stabilityideal for long-term investors. One Unit Currently Vacant, already refreshed with new interior paint, 2-inch wood-look faux blinds, and additional cosmetic upgradesperfect for achieving market rent quickly. All Units Feature Ceramic Tile Flooring, ideal for durability, ease of maintenance, and lower turnover costs. Significant Rental Upside, as existing rents are below current market levels for the area. Excellent Transportation Access, located minutes from State Route 51, connecting residents to major employers, hospitals, parks, and Central Phoenix amenities. Why This Fourplex Performs Well as an Investment This asset checks all the boxes for a low-maintenance, high-demand rental investment: Turnkey exterior improvements already completed Individual outdoor spaces that support stronger rent premiums A refreshed vacant unit ready for lease or owner-occupancy Proven long-term construction type Strong local renter demand driven by proximity to transit corridors and employment East Sunnyslope - Phoenix, Arizona Area Overview for Investors & Buyers** East Sunnyslope is one of Phoenix's most established and naturally scenic neighborhoods, positioned at the base of the North Mountain Preserve and offering a unique blend of urban convenience and outdoor lifestyle. Located just minutes from State Route 51, the area provides residents with fast access to Downtown Phoenix, Midtown, the Camelback Corridor, and the broader Valley employment base. Proximity to SR-51 (Highway 51) East Sunnyslope benefits from immediate access to SR-51, one of Phoenix's primary north-south freeways. This corridor significantly reduces commute times to: Downtown Phoenix (approx. 10 minutes) Biltmore Financial District Phoenix Children's Hospital & Medical Cluster Sky Harbor International Airport Scottsdale employment corridors This connectivity is a major reason residents and investors choose the area. Major Employers Near East Sunnyslope While Sunnyslope retains a neighborhood character, it is surrounded by several significant employment hubs that attract renters and long-term residents: Healthcare HonorHealth John C. Lincoln Medical Center A major medical employer and long-standing anchor of the Sunnyslope community. Phoenix Children's Hospital (PCH) - approx. 10 minutes Abrazo Health / Arizona Heart Hospital - via SR-51 access Mayo Clinic Hospital - approx. 15-20 minutes north via SR-51 Healthcare continues to be one of Phoenix's strongest and fastest-growing employment sectors. Government & Education City of Phoenix administrative and service departments Arizona Department of Economic Security Nearby public, charter, and private schools creating local employment stability Corporate & Office Employment Easy SR-51 access puts residents within minutes of: Camelback Corridor financial district Central Avenue business core Midtown office towers and professional services firms Parks, Recreation & Lifestyle East Sunnyslope is known for its natural surroundings and immediate access to outdoor amenities. Popular recreational assets include: North Mountain Park A major regional destination offering hiking, biking, scenic overlooks, and desert trails. The park provides direct mountain access while still being inside city limits. Sunnyslope Park A community-focused park with open green space, sports courts, and family amenities serving local residents. Arizona Canal Multi-Use Path A long, continuous pedestrian and bike path connecting Sunnyslope to Central Phoenix, Biltmore, and East Valley trail systems. Dreamy Draw Recreation Area (via SR-51) A short drive away, it offers additional hiking, shaded canyon spaces, and access to the Phoenix Mountain Preserve. Why East Sunnyslope Appeals to Renters & Investors Urban convenience with mountain views Fast access to major highways Close to hospitals, employment centers, and office corridors Affordable compared to nearby North Central and Biltmore neighborhoods Strong demand from healthcare workers, young professionals, and long-term tenants Mixed housing stock with value-add opportunities

822 E Carol Avenue, Phoenix

$780,000

8 Beds ⋅ 4 Baths ⋅ 6951436 MLS

Discover an exceptional investment opportunity in the heart of Central Phoenix! This well-maintained four-plex, built in 2003, features four identical 2-bedroom, 1-bath units, each offering approximately 797 sq ft of thoughtfully designed living space. Inside, each unit showcases modern kitchens with built-in appliances and wood cabinetry. A soothing color palette and durable tile flooring create a clean, cohesive look that appeals to long-term tenants. The property also offers ample on-site parking and easy-care desert landscaping, making it simple to maintain. Ideally located just minutes from the light rail, schools, shopping, popular dining, and major freeways, this property delivers both convenience and strong rental demand. Owner currently pays water, sewer, and trash, while . . . Tenants pay electricity, keeping operating expenses predictable. This is a rare chance to secure immediate cash flow with excellent future value in one of Phoenix's most sought-after rental markets. Drive-by only, please do not disturb tenants. No sign on the property.

7549 N 21st Avenue, Phoenix

$549,000

4 Beds ⋅ 2 Baths ⋅ 6951102 MLS

Cash Cow Duplex, UPDATED, 2 BR, 1 BA Units. Updates include Kitchens and Baths, Central AC's! Sharp looking freshly painted exterior.Tenants Pay Utilities and handle landscaping. Tenants are now Month to Month, giving you the flexibility to keep or change. You might even look into FHA owner occupied financing. Plenty of off-street parking on solid concrete pads. Sign up soon. Do not disturb tenants.

1322 W North Lane, Phoenix

$1,500,000

12 Beds ⋅ 10 Baths ⋅ 6951020 MLS

100% OCCUPIED + FULLY UPDATED ELECTRICAL & WIRING. Fully renovated 10-unit multifamily asset in the highly desirable Uptown Phoenix submarket. The property features a compelling unit mix across two contiguous parcels and benefits from approximately $355,000 of capital improvements completed over the last 1.5 years. With strong leasing momentum, stabilized operations, and market rent upside, this property is well-positioned for both yield-focused and appreciation-driven investors.

8910-8912 N 3rd Street, Phoenix

$424,900

8 Beds ⋅ 4 Baths ⋅ 6946557 MLS

4-Plex Investment Opportunity! Discover this incredible value-add multifamily property featuring four 2-bed, 1-bath units across two duplex buildings at 2522 & 2528 W Palo Verde Dr, Phoenix, AZ 85017. Two units (2522 B & 2528 B) are currently rented at $840 and $780 per month, providing immediate income. The remaining two units are vacant and ready for renovation, offering great upside potential for increased rents or resale value. Located near GCU and major transportation routes, this property is perfect for investors seeking strong cash-flow potential in a high-demand rental area. With a little vision and improvement, this 4-plex can become a top performer in your portfolio!

2522 W Palo Verde Drive, Phoenix

$3,780,000

40 Beds ⋅ 26 Baths ⋅ 6946527 MLS

Introducing Signature 18, a gated community in the heart of Phoenix, offering a 8% ACTUAL cap rate (T-4) of 2026. Located near Abrazo Hospital, Christown Spectrum Mall, and major transit, the property blends urban access with a quiet, private setting. Recent improvements include desert landscaping, repaved parking, refreshed exterior paint, LED motion lighting, upgraded security cameras, modern gate locks, new stainless appliances, in-unit washers/dryers, roof resealing, and upgraded pool equipment. A new dog run enhances resident appeal, making this a true turn-key investment with strong cash flow and long-term efficiency.

2014 W Berridge Lane, Phoenix

$375,000

2 Beds ⋅ 2 Baths ⋅ 6938374 MLS

this is a listing is owner/agent

807 E Cocopah Street, Phoenix

$1,635,000

12 Beds ⋅ 12 Baths ⋅ 6936056 MLS

Fantastic Investment Opportunity! This well-maintained Multi-Family Property features three separate buildings, each with two spacious units -- totaling six 2 bed / 2 bath units, each approximately 1,200 sq ft. Great rental history and upside potential! Exterior of all buildings was freshly painted in June 2023, and interiors have been updated with new paint as well. The property includes four newer A/C units, with the remaining two approximately 10 years old. The roof was replaced 5 years ago with high-quality 40-year shingles, offering peace of mind for years to come. Tenants and guests will appreciate the ample parking area, designed to comfortably accommodate residents and visitors alike. Sale includes two parcels: APN #121-76-050-B APN #121-76-050-C Both lots have separate dimensions per plat records and are being sold together. Don't miss out on this exceptional income-producing property with strong fundamentals and recent upgrades!

1002 N 27th Place, Phoenix

$845,000

7 Beds ⋅ 404 Baths ⋅ 6935184 MLS

100% occupied - immediate income from all three residences Three-unit property - two three-bedroom units plus one casita $4,995 in total scheduled monthly income $19,219.29 in seller-reported recent improvements New 125-amp electrical panel and service upgrades Updated kitchens and bathrooms with attractive finishes Interior paint, doors, hardware, lighting and ceiling-fan improvements Individual washer and dryer in each unit Private residential setting with a shared BBQ and gathering area Strong North Phoenix location with established rental demand R-3 zoning on approximately 13,375 square feet of land Turnkey investment opportunity offering current stability and long-term potential Welcome to 316-322 E Vogel Ave, a fully occupied North Phoenix triplex offering immediate income, a desirable residential layout and substantial recent improvements. The property consists of two spacious three-bedroom residences plus one casita, providing a diversified unit mix that appeals to a broad tenant base. The current rent roll reflects $4,745 in monthly base rent plus $250 in utility and pet fees, producing total scheduled income of $4,995 per month, or $59,940 annually. All three residences are currently occupied, allowing an investor to acquire an income-producing property without an initial lease-up period. PROPERTY HIGHLIGHTS " Fully occupied three-unit investment " Two three-bedroom residences plus one casita " Approximately 3,691 square feet of building area " Approximately 13,375 square feet of land " R-3 multifamily residential zoning " Individual residential buildings offering tenants added privacy " Individual laundry facilities " Shared outdoor BBQ and gathering area " Convenient North Phoenix location within the 85020 ZIP code RECENT PROPERTY IMPROVEMENTS The most recent seller-provided capital-improvements summary reports $19,219.29 in repairs and upgrades. Improvements include: " New 125-amp electrical panel and electrical-service improvements " Interior repairs, texture and two-tone paint " Interior doors, closet doors, locks and hardware " Window repairs and replacement blinds " Kitchen cabinet refinishing, faucets, hardware and related improvements " Bathroom mirrors, accessories, fixtures and tub refinishing " Updated lighting and ceiling fans " Smoke and carbon-monoxide detectors " Garage motor and remote replacement " Sliding-door and closet improvements " General cleaning, safety and property-condition improvements The residences also feature updated kitchens and bathrooms, modern appliances, refreshed interiors and a combination of attractive tile and updated flooring. OUTDOOR AND STORAGE FEATURES A shared outdoor BBQ and gathering area provides residents with a comfortable space to relax and enjoy Arizona's outdoor lifestyle. Mature trees, shaded areas, brick walkways and low-maintenance landscaping contribute to the property's residential character. The property also includes two large gray storage sheds behind the casita and one permanent storage structure. These structures may provide additional storage utility or potential ancillary income, subject to buyer verification, lease terms and applicable municipal requirements. Seller has indicated that stored contents will be removed before closing. INVESTMENT OPPORTUNITY 316-322 E Vogel Ave combines full occupancy, three separate living environments, an established income stream and recent capital improvements. The mix of two three-bedroom units and one casita provides diversification while the separate-building configuration offers residents privacy that is uncommon in many small multifamily properties. This property may be well suited for an investor seeking an occupied North Phoenix multifamily asset with recent improvements and long-term income potential. Buyer to independently verify the rent roll, leases, income, expenses, improvements, permits, storage uses, property condition and all other facts and figures.

316 E Vogel Avenue, Phoenix

$1,200,000

12 Beds ⋅ 12 Baths ⋅ 6933943 MLS

2505 E Monroe Street, Phoenix

$2,000,000

9 Beds ⋅ 9 Baths ⋅ 6933293 MLS

Opportunity to own a brand-new triplex in an incredible location right downtown. This rare 3-unit modern building features open main living floor plans, each unit with nearly 1800 sqft has its own three bedrooms, and two bathrooms. Each unit also has a private balcony from the third floor, spacious primary suites with dual vanities, walk-in showers, and washer and dryers. This is a project thats estimated completion is October 2027. The location is ideal, near everything you need downtown, including shops, restaurants, schools, and freeway access.

1318 E Jefferson Street, Phoenix

$504,900

4 Beds ⋅ 3 Baths ⋅ 6920059 MLS

Gross 10.1% CAP Rate. 3 Units, Garden-Style Property, Built in 1931 & Renovated in 2024. Unit Mix Consists of (2) 1-Bed / 1-Bath Units & (1) 2-Bed / 2-Bath Units. Each Unit Features a Fully Upgraded Interior With White Quartz Countertops, Luxury Vinyl-Plank Flooring, Subway Tile Showers, Stainless Steel Appliances, & In-Suite Washer / Dryer. Exterior Upgrades Include Brand New Stucco, New Windows & AC Units, Ample Storage Space, & Large Common Backyard Area. New roof just installed. Located in the Roosevelt Arts District, Which Provides Easy Access to Downtown Phoenix's Vibrant Cultural Scene, Dining Hotspots, & Entertainment Options.

325 N 17th Drive, Phoenix

$649,900

6 Beds ⋅ 4 Baths ⋅ 6910698 MLS

Discover an exceptional investment opportunity at 1330 W Fillmore St, a fully renovated 4-unit garden-style property located in the rapidly improving Oakland Historic District. Originally built in 1959 & 1983, the property is comprised of (2) 1-Bedroom / 1-Bath Units and (2) 2-Bedroom / 1-Bath Units. In 2023, the entire community underwent a complete interior and exterior renovation including new flooring, cabinetry, appliances, countertops, doors, windows, paint, and more. Each unit also comes with its own in-unit washer & dryer, providing a highly desirable feature for tenants. The property is set within a gated community with an on-site parking area that was recently resurfaced, offering both convenience and security. Tenants enjoy sweeping city views and unbeatable access to Downtown Phoenix, the Grand Avenue Arts District, light rail, and major public transportation routes. Surrounded by countless dining, shopping, and entertainment options, 1330 W Fillmore St is ideally positioned for strong tenant demand and long-term growth.

1330 W Fillmore Street, Phoenix

$2,999,000

6886048 MLS

Discover an unparalleled opportunity in the heart of Midtown Phoenix's Melrose District with this extraordinary 2.43-acre parcel of land, presenting a prime multifamily builder opportunity. Boasting approved plans for a 39-unit condominium/apartment building, this property is poised for immediate development. Special financing terms make this venture even more enticing, and with a remarkable 83 Walk Score, future residents will enjoy convenient access to a plethora of amenities. Don't miss out on this chance to shape the landscape of the vibrant Melrose District. Inquire about special seller financing! This is a rare and promising investment opportunity that awaits your vision and creativity.

519 W Glenrosa Avenue, Phoenix

$598,000

8 Beds ⋅ 8 Baths ⋅ 6855967 MLS

Fourplex FOR SALE in the heart of North Phoenix just minutes from the Desert Ridge Marketplace, SR 51, local schools and parks, shopping, and many other attractions. This deal perfect for an occupant! VA ASSUMABLE loan, see remarks. The unit mix is: one 1bed/1bath unit, one 2bed/2bath unit, one 2bed/1.5 bath TH style unit, & one 3bed/3bath unit. All units have generous square footage along w/ W/D hookups. Each unit has outdoor space w/ either a ground level patio or a balcony. Monthly HOA dues INCLUDE: common area maintenance, landscaping, community pool, parking enforcement, & gated access w/ fob entry. 3 of 4 units occupied w/ good paying tenants, all MTM. DO NOT Disturb Tenants. Drive By ONLY. See documents tab, rents in attachment & listed in MLS are actual. Indiv. metered for water.

2844 E Monte Cristo Avenue, Phoenix

$619,000

8 Beds ⋅ 7 Baths ⋅ 6833578 MLS

Great investment opportunity or Live in separate house and rent the triplex. Free standing 2 bedroom 1 bath home with a triplex behind home. Each apartment is 1 bedroom and 1 bath.

1449 E Fillmore Street, Phoenix

$1,334,000

5 Beds ⋅ 4 Baths ⋅ 6810283 MLS

Welcome to this beautifully remodeled 4-plex located in the heart of vibrant Midtown Phoenix, currently operating as a successful CASH FLOWING Airbnb! Each unit has been thoughtfully updated with modern finishes while maintaining the charm of the original architecture. The spacious and well-maintained grounds offer ample parking and a community courtyard for relaxation. The location is ideal for short-term rentals, with close proximity to downtown Phoenix, popular local eateries, art galleries, and public transit. Whether for long-term tenants or vacationers, this 4-plex provides high rental demand in one of the city's most desirable areas.Currently being utilized as a successful Airbnb, this property generates consistent income with a strong track record of bookings, making it a perfect investment opportunity. Gross Profits for 2024 were $121,606, additional opportunity to potentially add additional units, single level, No HOA, LOW TAXES of $1490 for 2024. Biltmore/Arcadia Adjacent! ALL FURNITURE IS INCLUDED! Shared laundry on site! Don't miss out on this exceptional property in one of Phoenix's most sought-after neighborhoods!

939 E Turney Avenue, Phoenix

$900,000

6 Beds ⋅ 4 Baths ⋅ 6809847 MLS

A true must see in the heart of Phoenix!! This multifamily compound is a brand new custom build with a modern touch. The modern neutral colors inside and out make these units extremely desirable. The open and well designed floor-plans of all units make this multi family compound a one of a kind property. This investment opportunity is one you DO NOT want to miss!

6630 S 11th Street Unit 1, Phoenix

$475,000

28 Beds ⋅ 42 Baths ⋅ 6800371 MLS

Prime location for development! This large lot is located in the Phoenix Opportunity Zone and is near the light rail expansion in South Phoenix. It currently includes residential buildings and is zoned for high-density, multi-family. Approved site plans for seven to fourteen townhomes are included for 3-story townhomes and common area. Each unit features 2 bedrooms, 2.5 baths, a tandem 2 car garage and balcony. Conveniently situated close to both the I-10 and I-17, the property lies between South Mountain Park and downtown Phoenix, offering easy access to outdoor activities, events, shopping, dining, and effortless commuting throughout the valley.

3638 S 12th Street, Phoenix

$899,900

20 Beds ⋅ 20 Baths ⋅ 6785949 MLS

EXCEPTIONAL INVESTMENT OPPORTUNITY IN PRIME LOCATION! This 17-21 unit, two-story property, built in 1952, offers an outstanding value-add opportunity for savvy investors. The unit mix includes 17 studio apartments, a manager's quarters, and a front office. With interiors currently vacant and ready for renovation, this property is a blank canvas awaiting your vision. PRIME LOCATION ADVANTAGES: Strategic Access: Situated near US 60/Grand Avenue with easy connections to I-10, I-17, and Loop 202 for seamless commutes across the city. FUTURE GROWTH POTENTIAL: A planned light rail extension along Van Buren will place this property in a key transit-oriented area, enhancing accessibility and desirability. CONVENIENT PROXIMITY:Located just one mile west of downtown Phoenix and minutes from Phoenix Sky Harbor Airport, this property is ideally positioned for tenants seeking urban convenience. While the property requires a full remodel to address deferred maintenance, its competitive list price reflects its incredible upside potential. This is your chance to reimagine and revitalize a property in a thriving area with high rental demand. Visualize the Potential: To help showcase the property's possibilities, the listing may include virtually renovated photos, giving you a glimpse into how this space can be transformed into a modern, income-generating asset. Don't let this rare investment opportunity slip awayact quickly, as it won't last long!

1945 W Van Buren Street, Phoenix

$625,000

5 Beds ⋅ 5 Baths ⋅ 6770097 MLS

5-UNIT VALUE-ADD INVESTMENT OPPORTUNITY | $625,000 | Approx. $125,000 Per Unit Small portfolio. Big opportunity.Terrace, offering investors an opportunity to acquire a manageable workforce housing portfolio with future flexibility. Each residence is a 1-bedroom plus den / 1-bath floor plan (the den functions as a bedroom but does not have a window) and includes its own washer and dryer. Priced at $625,000--approximately $125,000 per unit--this portfolio is well suited for investors looking to expand an existing rental portfolio or establish a meaningful presence in the Phoenix workforce housing market.The projected income profile offers attractive risk-adjusted return potential for investors who understand value-add opportunities and active portfolio management.This is an unwarrantable condominium community, making conventional residential financing challenging. The ideal purchaser will utilize commercial financing, cash, a 1031 Exchange, private capital, or other investment strategies appropriate for this type of asset. Investment Highlights: Individually deeded condominium ownership allowing future resale flexibility. Professionally managed HOA. Renovated units with in-unit washer and dryer. Strong workforce housing demand in North Phoenix. Covered parking, community pool, on-site management office, barbecue area and convenient freeway access. Attractive entry point at approximately $125,000 per unit. This portfolio offers investors an opportunity to own income-producing real estate with operational upside while maintaining a manageable five-unit footprint. If you're looking for a pristine institutional asset, this isn't it. If you're looking for cash flow, upside, and know how to operate Class C workforce housing, let's talk.

18202 Cave Creek Road Unit 5 units, Phoenix

$2,125,000

29 Beds ⋅ 29 Baths ⋅ 6770068 MLS

17-UNIT VALUE-ADD WORKFORCE HOUSING PORTFOLIO | $2,125,000 | Approx. $125,000 Per Unit. Not every investor is the right buyer for this portfolio and that's exactly the point. This 17-unit workforce housing portfolio consists of individually deeded condominium units within Mountain Springs Terrace and is being offered as a single investment opportunity. The portfolio includes eleven 2-bedroom plus den/2-bath units, five 1-bedroom plus den/1-bath units, and one 3-bedroom/1-bath unit. (The den functions as a bedroom but does not have a window.) Offered at $2,125,000 approximately $125,000 per unit this is a value-add opportunity designed for investors who understand cash flow, operational improvements and long-term appreciation rather than turnkey perfection. The projected income profile offers the type of risk-adjusted return experienced investors often seek in workforce housing assets, recognizing that stronger returns typically accompany opportunities requiring active ownership and thoughtful management. This is an unwarrantable condominium community, making conventional residential financing challenging. The ideal purchaser will be an experienced investor utilizing commercial financing, cash, a 1031 Exchange, private capital, or other investment strategies appropriate for this asset class. Many units have been renovated over time, and every residence includes its own washer and dryer an amenity that continues to attract long-term tenants. The community offers covered parking, a swimming pool, on-site management office, barbecue area, and convenient access to major employment corridors, shopping, Loop 101, SR-51, and public transportation. Investment Highlights: Individually deeded condominium ownership providing long-term ownership flexibility and multiple future exit strategies. Professionally managed HOA. Continued capital improvements and ongoing maintenance demonstrate proactive ownership. Strong demand for workforce housing in an established North Phoenix rental market. Every residence includes an in-unit washer and dryer. Attractive basis at approximately $125,000 per unit. This is not a passive investment. It is a portfolio built for investors who understand Class C workforce housing, recognize value-add opportunities, and appreciate the balance between operational involvement and long-term income potential. If you're looking for a pristine institutional asset, this isn't it. If you're looking for cash flow, upside, and know how to operate Class C workforce housing, let's talk.

18202 Cave Creek Road Unit 17units, Phoenix

$749,900

14 Beds ⋅ 14 Baths ⋅ 6760869 MLS

Excellent investment opportunity! This 14-unit, garden-style property, built in 1946, offers a promising investment opportunity. The unit mix includes (9) Studio, (5) 1-bed/1-bath units The property presents a significant value-add opportunity, vacant interiors that are ready for renovation. The location is advantageous right on US 60/Grand with easy access to I-10, I-17, and Loop 202, it ensures quick commutes to key areas. Situated west of downtown Phoenix, it's just minutes from Phoenix Sky Harbor Airport. The property presents a significant value-add opportunity. Don't miss this chance to invest in a promising location with significant upside potential. The property has deferred maintenance and needs a full remodel but a great value at this list price. Hurry won't last! To help visualize this home's floor-plan and to highlight its potential, virtually renovated photos may have been added to this listing.

3060 Grand Avenue, Phoenix

$525,000

3 Beds ⋅ 3 Baths ⋅ 6658575 MLS

Unique two-parcel Sunnyslope opportunity combining a 100%-occupied duplex with a separate rear R-4 development parcel. The 1,865 SF duplex includes one 2BR/1.5BA and one 1BR/1BA unit, each rented for $1,200 monthly, generating $28,800 in annual scheduled rent. Combined land area is approximately 14,263 SF. Available planning and engineering materials contemplate a two-story fourplex with two 2BR and two 3BR residences totaling approximately 3,710 SF and 10 proposed parking spaces. Plans are marked Not for Construction; no active building permit is represented. Buyer to independently verify zoning, plans, approvals, utilities, measurements, income, expenses and development feasibility. Park across the street with convenient access to Dunlap Avenue, 7th Street and SR-51. 8916 & 8918 N 11TH STREET - DETAILED SUPPLEMENTAL INFORMATION OFFERING OVERVIEW: Unique two-parcel investment and development opportunity in the established Sunnyslope area of North Central Phoenix. The offering combines a fully occupied duplex at 8916 N 11th Street with a separate rear R-4 parcel identified in the available plans as 8918 N 11th Street. The existing duplex provides immediate rental income while a buyer evaluates the available planning and engineering materials for a proposed four-unit residential development on the rear parcel. Asking price is $525,000. No seller financing is available. EXISTING DUPLEX: The approximately 1,865-square-foot duplex is 100% occupied and contains two separately metered residences. Unit A is approximately 1,066 square feet with two bedrooms and 1.5 bathrooms. Unit B is approximately 799 square feet with one bedroom and one bathroom. Each residence is currently rented for $1,200 per month, producing $2,400 in total monthly scheduled rent and $28,800 in annual scheduled rent. Current underwriting reflects $7,926 in annual operating expenses, $20,874 NOI and a 3.98% capitalization rate based on the full $525,000 offering price for both parcels. Tenants pay separately metered electricity and cable. All income, expenses, measurements and occupancy information must be independently verified by buyer. PARCEL INFORMATION: The front duplex parcel is identified as APN 160-02-067. The separate rear parcel is identified in the available plans as APN 160-02-068. Combined gross land area is approximately 14,263 square feet, or 0.327 acre. Parcel dimensions, boundaries, legal descriptions, access, easements, zoning and total land area must be independently confirmed through title, survey, assessor records and the City of Phoenix. PROPOSED FOUR-UNIT CONCEPT: Available plans contemplate a two-story, four-unit residential project on the rear parcel consisting of two 2-bedroom/2-bath residences and two 3-bedroom/2.5-bath residences. The concept totals approximately 3,710 square feet and depicts 10 proposed parking spaces, including an accessible space. The plans reference R-4 zoning and Type V-B sprinklered construction. These are proposed improvements only and have not been constructed. PLANNING, ENGINEERING AND DEVELOPMENT MATERIALS COMPLETED OR AVAILABLE: 1. Fourplex site plan dated August 28, 2024, with a preparer signature dated August 27, 2024. 2. Fifteen-page architectural drawing set dated October 22, 2024. Drawings are marked "Not for Construction," and approval stamps are blank. 3. Landscape-plan sheets prepared for the proposed development, dated March 19, 2021. 4. Geotechnical investigation report dated May 7, 2021. 5. City geotechnical special-inspection forms associated with the available geotechnical materials. 6. Water and sewer engineering estimate dated February 22, 2021. Utility availability, capacity, current pricing and remaining work require verification. 7. Sidewalk easement materials dated October 19, 2021. 8. Legal-description materials for the rear parcel. 9. Parcel-map, site-layout and available boundary or survey-related materials. 10. Property photographs, maps and site information illustrating the relationship between the occupied duplex and rear development parcel. 11. Available variance-related documents referencing ZA-539-18-3 and ZA-524-20. Current validity or renewal has not been established. 12. Available planning, architectural and engineering work product relating to the proposed four-unit concept. EXISTING PROPERTY AND FINANCIAL MATERIALS AVAILABLE: 1. Current rent roll. 2. One-bedroom and two-bedroom rental-comparable information. 3. Available 2022 and 2023 general-ledger information. 4. Available 2024 monthly general-ledger information. 5. Available 2025 general-ledger and income-statement information. 6. Existing duplex floor plans and appraiser measurements. 7. Schedule of personal property. 8. Assessor parcel records and property-tax records. 9. Legal descriptions and parcel information. 10. Available survey or boundary information. 11. Offering memorandum and one-page property flyer. 12. Seller property-disclosure materials. 13. Residential seller property-disclosure form for one-to-four-unit properties. 14. Available home-warranty and insurance-loss information. 15. Market Conditions Advisory. 16. Lead-Based Paint Disclosure. 17. Federal Fair Housing Disclosure. 18. Residential purchase-contract addendum for one-to-four-unit properties. IMPORTANT DEVELOPMENT STATUS: The proposed fourplex is not shovel-ready or permit-ready. No active building permit is represented, and the architectural drawings are marked "Not for Construction." The available variances contain time-sensitive stipulations, and their current validity or renewal status has not been established. Landscape, geotechnical, utility and other older materials may require revision or updating. A complete current civil and construction-document package has not been established. A buyer should anticipate additional investigation, design, engineering, governmental review, approvals, permits and possible revisions. Remaining or unverified items may include variance renewal; City pre-application and plan-review confirmation; grading and drainage plans; fireline plans; private water and sewer plans; mechanical, electrical and plumbing plans; utility availability and capacity confirmation; access, parking and easement review; demolition documentation; permit-status verification; architect and engineer invoices; remaining professional fees; development-cost estimates; and final title, survey and legal review. The seller and listing broker do not represent that the available plans, reports, estimates, easements, variances or other work product are current, complete, transferable, approved or suitable for the buyer's intended use. Buyer must independently determine the condition, status, usability, cost and value of all materials and the feasibility of any proposed development. LOCATION: Located in the established Sunnyslope neighborhood near HonorHealth John C. Lincoln Medical Center, North Mountain Park and Preserve, neighborhood shopping, restaurants and services. A park is located across the street. Nearby Dunlap Avenue, Central Avenue, 7th Street and 12th Street provide convenient access throughout North Central Phoenix, with connections to State Route 51 and Interstate 17. TENANT-PROTECTION NOTICE: Tenant names, deposits, lease dates, lease documents and personally identifying tenant information are not publicly disclosed. Lease documents and protected tenant information will be made available to a buyer after the property is under contract and during the due-diligence period. All information is believed reliable but is not guaranteed and is subject to change. Buyer and buyer's representatives must independently verify all facts, figures, rents, expenses, NOI, capitalization rate, occupancy, measurements, parcel information, zoning, utilities, plans, reports, variances, easements, approvals, permits, costs and development feasibility.

8916 N 11 Street, Phoenix

$1,610,000

5 Beds ⋅ 46 Baths ⋅ 6614249 MLS

To much to mention see listing #6626952 under residential listings for info and over 300 photos. Owner/listing agent/architect/ builder, currently resides in the dwelling. Owner/seller is an active az lic realtor..7,700 sf of usable space. new waymo station under construction at the nw corner of 18th st and washington. 1 block away.

1825 E Adams Street, Phoenix

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