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5206 S 11th Ave, Phoenix, AZ 85041

$480,500
  • 4

    bed

  • 2

    bath

Multi-family for sale 186 days
$500 price drop

About 5206 S 11th Ave

Property type Multi-family
Neighborhood
Year built 1957
HOA fee $0/month
Rental estimate
Property description
Welcome to an outstanding investment opportunity in desirable South Phoenix! This beautifully renovated duplex offers the perfect blend of strong cash flow, modern finishes, and strategic location--plus the flexibility to build equity while living rent-free. With two identical side-by-side units which can generate upto $3,500+ in gross monthly rent, this turnkey property delivers immediate returns with minimal landlord involvement, or pursue a smart owner-occupancy strategy by living in one unit while rental income from the other covers your mortgage. Each spacious 2-bed, 1-bath unit features elegant, high-quality finishes throughout with updated kitchens showcasing white Shaker cabinetry, granite countertops, stainless steel appliances, and recessed lighting that creates a bright, modern aesthetic. Full bathrooms impress with tiled showers, updated vanities, and contemporary fixtures. Open-concept living areas flow seamlessly, complemented by abundant natural light and dual-pane windows that let in Arizona's beautiful weather year-round. This property is essentially brand new inside and out, updated 2019-2021. Each unit boasts private front and backyards. Rare for a duplex property, the expansive backyard provides significant flexibility and future upside. In addition to RV and boat storage, the generous lot size may offer the opportunity for a pool, detached casita, guest house, or other value-add improvements, subject to buyer verification of zoning requirements. Separately metered electric and water (yes for water as well) for each unit means transparent billing and simplified tenant management. Current leases expire 12/31/2026 and 10/31/2027, provides excellent timing to implement your desired strategy--whether that's maintaining strong investor cash flow or transitioning to owner-occupancy with flexible rental options. Just minutes from Sky Harbor International Airport and downtown Phoenix, this neighborhood offers unbeatable convenience and is experiencing significant growth with new construction and exciting development projects nearby, positioning this as a strong value play. This is true turnkey real estate- fully renovated, fully metered with an attractive cap rate. Property is strictly drive-by; please do not disturb tenants. Walkthroughs available after contract acceptance. Buyer to verify all facts, figures, zoning, development potential, and future use possibilities.
Listed by
Listing Agent - Ari Verma
Listing Office - Fathom Realty
Source: ARMLS mls logo
MLS#7025341 • last updated 1 month ago
Movoto checked ARMLS for data 9 minutes ago
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Overview
Cooling/AC Electric
Heating Electric
MLS # 7025341
Type Multiple Dwellings
Status Active
Property Tax 892
Year Built 1957
Interior
Total # of Bathrooms 2
Total # of Bedrooms 4
Flooring Ceramic Tile, Vinyl
Appliances Free-Standing Range, Disposal, Dishwasher, Refrigerator, Microwave, Washer/Dryer
Exterior
Roof Composition
Construction Wood Frame, Stucco
Parking Off Street, RV Access/Parking, Assigned, Add'l Parking Avail, >1 Space Per Unit
# of Open Parking Spaces 6
Amenities / Utilities
Water Source Individual Meter
Sewer/Septic Public Sewer
Location
Subdivision HIGHLAND PARK SUB PLAT 5
Community Features No Pool
Elementary School District Roosevelt Elementary District
High School District Phoenix Union High School District
APN 105-79-157
Zoning Residential
Multifamily Details
Total # of Units 2
Expense: Operating 892
Financial Data Source Accountant
Gross Income 42240
Gross Scheduled Income 42240
Lot/ Land Details
Road Surface Asphalt
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Source: GreatSchools.org © 2026. All rights reserved.

Around South Mountain

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  • Real Estate
  • AZ
  • Maricopa County
  • Phoenix
  • 85041
  • South Mountain
  • 5206 S 11th Ave

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