$299,900
**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.*
11
Beds
⋅
60
Baths
⋅
7037076
MLS
1220 S 10th Avenue, Phoenix