Phoenix AZ Multi Family for Sale
- Type:
- Multi-Family
- Sq.Ft.:
- n/a
- Status:
- NEW LISTING
- Beds:
- n/a
- Year built:
- 1984
- Baths:
- MLS#:
- 6798871
View additional info
Courtesy: Rimsza Realty
602-264-1881
ADDITIONAL INFORMATION
This is an offering of 3 condominiums- 307-309-311 in the same small 39 unit complex. All fully leased for $1495 per month. Owner will do a 1031 Exchange. Unit 307 will come up for renewal on 3/31/2025 so if an owner wants to be an occupant they can. All have been completely remodeled since 2019 including appliances, windows, most all flooring, window coverings, paint, showers, bath tubs, cabinets, quartz countertops, vanities, everything. You will not be disappointed. Association dues are $200 each. Come own a piece of paradise! Owner is owner/agent and has opened escrow at Stewart Title.
$2,945,000
801 E DUNLAP Avenue Phoenix, AZ 85020
- Type:
- Multi-Family
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1980
- Baths:
- MLS#:
- 6793555
View additional info
Courtesy: Gerchick Real Estate
602-688-9279
ADDITIONAL INFORMATION
This is 2 properties --Both are leased on a NNN Lease-Tenants pay 100% of the expenses-Taxes, Insurance, ALL repairs along with the rent. The properties are side by side.-See Supplement for extensive information. Investment Opportunity: Fully Leased 16-Unit Property in Phoenix, AZ on an Absolute NNN Lease **Locations: - 801 E Dunlap Ave - 8939 N 8th St **Overview:** This exceptional investment opportunity features two fully leased 8-unit properties, strategically located in the heart of Phoenix, AZ. Both buildings are master leased to a reputable sober living company, providing stable income with minimal management responsibilities. These contiguous properties can be purchased separately or as a combined investment. **NNN Lease Structure Explained:** The properties operate under a Triple (NNN) lease structure, wherein the tenant assumes responsibility for all property expenses, including taxes, insurance, and maintenance costs. This arrangement ensures predictable cash flow for the investor while minimizing the typical day-to-day management hassles. **Property Highlights (801 E Dunlap Ave):** - **Recent Renovations:** Over $200,000 in upgrades, including: - New bathrooms featuring tile showers ($50,000) - Updated flooring throughout ($40,000) - New or replaced appliances ($10,000) - Fresh interior and exterior paint ($35,000) - Modern kitchen upgrades with new cabinets ($10,000) - Enhanced security with a steel fence and new exterior doors ($10,000) - Upgraded finishes and lighting fixtures ($1,500) - Improved laundry facilities ($2,000) - Installation of operational surveillance cameras ($22,000) - Updated hot water heaters and AC units installed within the last 5 years ($34,000) **Property Highlights (8939 N 8th St):** - **Comprehensive Renovation:** Extensive upgrades position this building competitively in the rental market. - **Unit Mix:** - **6 Units:** 1-bedroom apartments - **2 Units:** 2-bedroom, 1-bath apartments - **1 Office Unit:** Currently used as an office space, can be converted to a 1-bedroom apartment upon request. - **Renovations & Upgrades:** - **Apartment Upgrades (Rehabbed in 2024):** Each of the 7 units has been thoughtfully updated, with bathroom renovations costing approximately $12,000 per unit. - **Office/Storage Space Addition:** Added for approximately $100,000, this versatile space can serve multiple purposes. - **Exterior Enhancements:** - Brick patio installed in 2019 ($15,000), featuring TV and power outlets. - Security gate added in 2015 ($5,000). - New brick wall for added privacy ($5,000). - New mailboxes installed in August 2024 ($500). **Property Features:** - On-site laundry facility - Two storage units included - Tenant amenities such as microwaves, refrigerators, and stoves in all units - Gated property for security and privacy - Currently vacant to allow for diverse use options, such as a sobriety house or rental for cash flow. **Financial Overview:** - **Cap Rate:** Combined cap rate of over 8%, presenting a lucrative investment opportunity. - **Income Stability:** Long-term master lease covering 100% of expenses, ensuring predictable rental income. **Investment Potential:** These properties represent an attractive opportunity for investors seeking stable cash flow with minimal management involvement. The extensive renovations and enhancements significantly improve the property's value and marketability. Buyer Information Buyer to verify all facts and figures.
$1,980,000
1313 E CAROL Avenue Phoenix, AZ 85020
- Type:
- Multi-Family
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1962
- Baths:
- MLS#:
- 6787057
View additional info
Courtesy: West USA Realty
602-942-4200
ADDITIONAL INFORMATION
Here is your opportunity to own three single level triplexes in a row. Each is on a separate parcel giving you the opportunity to utilize either conventional financing or commercial lending. This well-maintained property backs to desert area and a park. Great mountain views in all directions. Grassy areas outside the front doors of all the buildings is inviting and beautiful. All units are Spacious 2 bedrooms, 1 bath with 880 square feet of living space. Buildings have separate storage rooms for each tenant. Kitchens have dining area and sliding door to back patio. There are two coin-op laundry rooms. Complex is 100% occupied and is easy to manage. Self-manage this one and get an immediate cap rate of 5.5%. Increase rents and bring it up to a 6.2% cap rate. Drive by only.
- Type:
- Multi-Family
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1960
- Baths:
- MLS#:
- 6779502
View additional info
Courtesy: R.O.I. Properties
602-319-1326
ADDITIONAL INFORMATION
1329 E Cinnabar Ave offers a great investment opportunity nestled in the Sunnyslope Submarket. This multifamily property has five units across four buildings and all units have private backyards. The unit mix varies from one-, two-, and three- bedroom configurations. This property is bank owned, and 100% occupied.
- Type:
- Multi-Family
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1948
- Baths:
- MLS#:
- 6774986
View additional info
Courtesy: ES Realty
602-688-0424
ADDITIONAL INFORMATION
Excellent investment opportunity awaits with this listing! Comprised of two lots with a 4 plex on each directly across the street from the John C. Lincoln Medical Center. All units but one have been renovated with vinyl plank flooring, granite countertops, and stainless steel appliances. The units have been converted from swamp coolers to roof mounted HVAC units and the roofs have been replaced within the past two years. The address for each one is 102 E Hatcher, and 9404 N 2nd Pl. 102 E Hatcher is comprised of 4-one bedroom units, and 9404 N 2nd is comprised of 4 - two bedroom units. The seller will sell they lots individually as well, and they are listed on mls as separate 4 plex's #6682798 and #6682813
- Type:
- Multi-Family
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1957
- Baths:
- MLS#:
- 6767348
View additional info
Courtesy: EPIC Home Realty
623-547-6710
ADDITIONAL INFORMATION
Excellent investment property with strong CAP Rate performance. Property offers 3-units total with great tenants! Front building is a duplex each having 2-bedrooms & 1-bath. Rear unit is a large 1-bedroom & 1-bath cottage. Great location near I-51! There's no sign on the property. Please respect tenant rights as this is a drive by only until we have an accepted contract.
$1,475,000
8939 N 8TH Street Phoenix, AZ 85020
- Type:
- Multi-Family
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1987
- Baths:
- MLS#:
- 6749873
View additional info
Courtesy: Gerchick Real Estate
602-688-9279
ADDITIONAL INFORMATION
FULLY LEASED ON A NNN ABSOLUTE LEASE ( 3 years) LEASE EXTRACTION: Monthly Rent: $9,000 Property Taxes: $4,040.32 Paid Monthly Insurance: $6,200 Tenant pays ALL utilities and maintenance Lease started: October 28th, 2024 Lease End: 12 months w/two-one year extensions Landlord is preparing to extend to a 5 year lease. This 8 unit is contiguous to 801 E Dunlap and can purchase BOTH properties. 801 E Dunlap is also leased on a NNN lease. Overview: This meticulously upgraded 8-unit apartment complex offers a unique investment opportunity or a versatile property for various uses. The building features a comprehensive renovation and several high-quality enhancements, positioned in a competitive rental market. See Additional Information LEASE EXTRACTION: Monthly Rent: $9,000 Property Taxes: $4,040.32 Paid Monthly Insurance: $6,200 Tenant pays ALL utilities and maintenance Lease started: October 28th, 2024 Lease End: 12 months w/two-one year extensions Landlord is preparing to extend to a 5 year lease. This 8 unit is contiguous to 801 E Dunlap and can purchase BOTH properties. 801 E Dunlap is also leased on a NNN lease. Overview: This meticulously upgraded 8-unit apartment complex offers a unique investment opportunity or a versatile property for various uses. The building features a comprehensive renovation and several high-quality enhancements, positioned in a competitive rental market. Unit Mix: - 6 Units: 1-bedroom apartments - 2 Units:2-bedroom, 1-bath apartments - 1 Office Unit: This is one of the units. Currently used as an office space with a remodeled bathroom. The seller is willing to convert this unit into to a one bedroom apartment if requested prior to the close of escrow. Renovations & Upgrades: -Apartment Upgrades (Rehabbed in 2024): - Units 1-7: Thoughtful updates include new flooring and completely remodeled bathrooms. Apartment 1 features the most extensive renovations, including full wall and flooring replacements. - Bathrooms:** All bathrooms have been remodeled with new flooring, plumbing, toilets, showers, tiling, and cabinets. Each renovation cost approximately $12,000 per apartment. - Office/Storage Space (Purple Door): - Building Addition:Added for approximately $100,000, this versatile space can be used for office purposes or additional storage. - Exterior Enhancements: - Brick Patio:Installed in 2019 at a cost of $15,000, featuring TV and power outlets for enhanced tenant enjoyment. - Security Gate: Added in 2015 for $5,000, providing additional security. - New Brick Wall: A $5,000 investment for added privacy and security between the property and 801 E Dunlap. - **New Mailboxes and Stand:** Installed in August 2024 for $500, providing a fresh and organized mail solution. Property Features: - Laundry Room: Convenient on-site laundry facility. - Storage Units: Two storage units are included with the property. - Tenant Amenities: All units come equipped with microwaves, refrigerators, and stoves. - Gated Property: Added security and privacy for residents. Buyer Information: - Note: Buyers must confirm all facts and figures to ensure accuracy.
$1,900,000
1224 E DUNLAP Avenue Phoenix, AZ 85020
- Type:
- Multi-Family
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1980
- Baths:
- MLS#:
- 6732554
View additional info
Courtesy: eXp Realty
888-897-7821
ADDITIONAL INFORMATION
Find your prime investment opportunity today! This is an 8-unit low-rise complex. Built in 1980, but was extensively upgraded in 2023, making it a turnkey investment with significant potential for income growth. Offering a mix of two standalone 2-bedroom, 2-bathroom units and six 2-bedroom, 1-bathroom units, with modern amenities and high-quality finishes. Each unit features spacious living areas, updated kitchens and bathrooms, and individual storage units. The complex also boasts ample parking with 24 spaces and a well-maintained exterior. The proximity to major employers, shopping centers, hiking trails, and parks puts it in a highly desirable location, this property is perfect for long term tenants!
- Type:
- Multi-Family
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1947
- Baths:
- MLS#:
- 6682813
View additional info
Courtesy: ES Realty
602-688-0424
ADDITIONAL INFORMATION
Excellent investment opportunity awaits with this listing! Comprised of four two-bedroom/1 bath units. All of the units have been fully renovated. The property shares a courtyard with another 4 plex property that is also for sale separately at 102 E Hatcher Rd MLS #6682798. Take advantage of financing options like a conventional loan with only 5% down. Perfect opportunity to occupy 1 unit and rent out the other three.
$595,000
8916 N 11 Street Phoenix, AZ 85020
- Type:
- Multi-Family
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1964
- Baths:
- MLS#:
- 6658575
View additional info
Courtesy: Gerchick Real Estate
602-688-9279
ADDITIONAL INFORMATION
Searching for the perfect investment opportunity in the charming Sunnyslope neighborhood of Phoenix? Look no further! We are excited to introduce you to a unique property that combines the charm of a duplex with the potential to build a fourplex, all in the heart of Sunnyslope, with fantastic amenities and employment opportunities nearby. see suppliment remarks **Property Details:** - 2 Units individually metered for Electric - Condition: Excellent - Lot Approval: Ready to Build a Fourplex-all reports and plans included - Nearby Amenities: Beautiful Park Across the Street **Duplex Features:** - Impeccably maintained - Spacious living areas - Private outdoor spaces - Ideal for both owner-occupants and investors **Fourplex Potential:** - Approved lot for a fourplex - Capitalize on the strong demand for multi-family units - Increase your rental income and investment portfolio **Neighborhood Highlights:** - Proximity to top employers in the area - Convenient access to major highways - Excellent schools nearby - Thriving local businesses and restaurants - Beautiful park right across the street, perfect for outdoor activities
Information deemed reliable but not guaranteed. Copyright 2025 Arizona Regional Multiple Listing Service, Inc. All rights reserved. The ARMLS logo indicates a property listed by a real estate brokerage other than this broker. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.
Phoenix Real Estate
The median home value in Phoenix, AZ is $413,000. This is lower than the county median home value of $456,600. The national median home value is $338,100. The average price of homes sold in Phoenix, AZ is $413,000. Approximately 52.06% of Phoenix homes are owned, compared to 40.81% rented, while 7.13% are vacant. Phoenix real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Phoenix real estate agent to arrange a tour today!
Phoenix, Arizona 85020 has a population of 1,591,119. Phoenix 85020 is less family-centric than the surrounding county with 30.89% of the households containing married families with children. The county average for households married with children is 31.17%.
The median household income in Phoenix, Arizona 85020 is $64,927. The median household income for the surrounding county is $72,944 compared to the national median of $69,021. The median age of people living in Phoenix 85020 is 34.1 years.
Phoenix Weather
The average high temperature in July is 104.5 degrees, with an average low temperature in January of 43.2 degrees. The average rainfall is approximately 9.2 inches per year, with 0 inches of snow per year.