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About the Listing myhg02 - jl676
10-Unit Multifamily Investment Opportunity! This renovated and cash-flowing property is in a strong central Phoenix rental market, consisting of 8 one-bedroom/one-bath units and 2 studio units, all renovated around 2022-2023, modern finishes and several updated systems. Each unit is separately metered for electricity, reducing ownership expenses and simplifying management. Very low property tax expense on this one ($1,167/yr). This sale includes two parcels, with the north parcel at 921 S 35th Ave, offering a big space to work with—a rare opportunity for value-add expansion. The additional land provides space to build storage units, install vending machines, add a laundry facility, or develop additional income-producing amenities, significantly increasing future cash flow and property value. The property is fully occupied with month-to-month leases. Located near major employment corridors, transit routes, and downtown Phoenix, this property combines stable current income with long-term upside. Excellent turnkey investment with development potential.
Listing Highlights for 927 S 35th Ave
Status
Active
Days on Site
0
Property Type
Multi-Family
MLS ®
6924258
Year Built
1950
Total Square Footage
0
Lot/Acreage
N/A
County
Maricopa
Neighborhood
Tierra Verde
School District
Murphy Elementary District
Elementary School
Jack L Kuban Elementary School
Middle School
William R Sullivan Elementary School
High School
Carl Hayden High School
Interior Details
- Bedrooms: 8
- Bathrooms: 1 Full
- Appliances:
- Air Cond: Central Air,Ceiling Fan(s),Window/Wall Unit
- Heating: Central,Window/Wall Unit(s)
- Fireplaces:
- Floor: Vinyl
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: City Franchise
Exterior Details
- Garage Capacity: N/A
- Roof: Composition,Rolled/Hot Mop
- Others:
- Sewer: Public Sewer
- Parking Features: Add'l Parking Avail,>1 Space Per Unit
Financial Details
- Tax Amount: $1,167
- Taxes w/Assessments: N/A
- Tax/Property ID: 109-58-050
- Tax Year: 2024
Payment Calculator
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Listing Location
Questions About..
927 S 35th Ave Phoenix, AZ 85009
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