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1220 S 10th Ave, Phoenix, AZ 85007

$299,900
  • 7

    bed

  • 5

    bath

Multi-family for sale 95 days
$25.1K price drop

About 1220 S 10th Ave

Property type Multi-family
Neighborhood
Year built 1940
HOA fee $0/month
Property description
Excellent value-add multifamily investment opportunity located in the growing Central Phoenix market. This unique 4-unit property offers strong income potential with major renovation work already completed, making it an ideal opportunity for investors looking to finish the final touches and maximize returns. The property consists of: Front Unit: Spacious 3 Bedroom / 2 Full Bathroom unit with in-unit laundry room Rear Unit 1: 1 Bedroom / 1 Bathroom Rear Unit 2: 2 Bedroom / 1 Bathroom Rear Unit 3: Studio unit Each rear unit has its own private entrance, creating privacy and flexibility for tenants. The majority of the interior renovation work has already been completed. Additional planned upgrades include: Brand new electrical system installation New HVAC systems New ap New hot water heaters Seller plans to complete the remaining improvements prior to closing for an additional negotiated price, providing buyers flexibility to either purchase as-is or receive a near turn-key finished product. The property includes parking for approximately 3 vehicles onsite, along with additional street parking availability. This is a great opportunity for an investor or owner-operator to take over a nearly completed project and add the final cosmetic and operational touches. Estimated total rental income is projected to exceed $4,000 per month once fully stabilized. Conveniently located near Downtown Phoenix, major freeways, employment centers, dining, shopping, and public transportation, this property benefits from strong rental demand and continued area growth. Priced to sell quickly. Excellent opportunity for investors seeking cash flow, appreciation potential, and value-add upside. Buyer to verify all facts, figures, measurements, zoning, permits, and projected rental income.
Listed by
Listing Agent - Kiran Vedantam
Listing Office - Kosh Realty
Source: ARMLS mls logo
MLS#7037076 • last updated 3 weeks ago
Movoto checked ARMLS for data 8 minutes ago
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Overview
Cooling/AC Heat Pump
Heating Individual, Heat Pump
MLS # 7037076
Type Multiple Dwellings
Status Active
Property Tax 1480
Year Built 1940
Interior
Total # of Bathrooms 60
Total # of Bedrooms 11
Flooring Ceramic Tile, Vinyl
Appliances Disposal, Dishwasher, Refrigerator, Microwave, Washer/Dryer
Exterior
Roof Tile
Construction Wood Frame, Painted, Stucco
Parking Carport
Amenities / Utilities
Water Source Master Meter, City Franchise
Sewer/Septic Public Sewer
Security Features Security Light(s)
Location
Subdivision DANIELS 2ND ADDITION
Community Features No Pool
Elementary School Mary Mcleod Bethune School
Elementary School District Phoenix Elementary District
Middle School Mary Mcleod Bethune School
High School District Phoenix Union High School District
High School Central High School
APN 105-01-051
Zoning Residential
Directions West To 10th Ave Then North To House
Multifamily Details
Total # of Units 4
Expense: Operating 10480
Financial Data Source Projected Proforma
Expense: Maintenance 1000
Vacancy Allowance 3
Expense: Insurance 2000
Net Operating Income 61883
Gross Income 96000
Expense: Electric 1000
Expense: Fuel 500
Expense: Other 1000
Expense: Trash 1000
Expense: Water/Sewer 1000
Gross Scheduled Income 48000
Expense: Gardener 1000
Lot/ Land Details
Road Surface Concrete
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Source: GreatSchools.org © 2026. All rights reserved.

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  • Real Estate
  • AZ
  • Maricopa County
  • Phoenix
  • 85007
  • Central City South
  • 1220 S 10th Ave

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