Movoto Real Estate
Sold on 09/24/2016
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9623 N 10th Ave, Phoenix, AZ 85021

  • $355,000

    Last sold 09/24/2016 after 61 Days

  • 16

    bed

  • 8

    bath

Multi-family not for sale
80 homes bought nearby with Movoto recently

About 9623 N 10th Ave

Property type Multi-family
Neighborhood
Year built 1964
HOA fee $0/month
Property description
Great opportunity to buy 100% 2-bed units with rent upside. Tenth Avenue Terrace consists of 4 duplexes on 2 tax parcels (4 units per parcel)- for a total of 8 units. All 8 units are 2-bedroom / 1-bath rentals. The buildings are block constructed with pitched shingle roofs. Units have steel-frame storm-type security doors and back yards. There is abundant parking on the conccrete pan at the front of the property. Units are cooled with roof-mount swamp coolers which can cost-effectively be converted to roof-top heat pumps for updated AC and heat. Rents at the property are low allowing for significant upside in revenues.
Listed by
Listing Agent - Scott R Trevey
Listing Office - Kasten Long Commercial Group
Source: ARMLS mls logo
MLS#5476392 • last updated 1 year ago
Movoto checked ARMLS for data 4 minutes ago
Overview
Cooling/AC Evaporative Cooling
Heating Other, See Remarks
MLS # 5476392
Type Multiple Dwellings
Status Closed
Property Tax 1420
Year Built 1964
Interior
Flooring Carpet, Ceramic Tile, Concrete
Appliances Free-Standing Range, Refrigerator
Exterior
Roof Composition
Construction Painted, Block, Brick
Parking 1 Space/Unit, On Street
# of Open Parking Spaces 8
Amenities / Utilities
Water Source City Franchise
Sewer/Septic Public Sewer
Location
Subdivision TURNER TERRACE PT LOT 58 OR FOOTHILL ACRES
Community Features Other, See Remarks
Elementary School District Washington Elementary District
High School District Glendale Union High School District
APN 158-34-061
Zoning M-H, R-4
Directions 7th Avenue North To Mountain View, West To 10th Avenue, South To Property On East Side Of Road
Multifamily Details
Total # of Units 8
Financial Data Source Projected Proforma
Expense: Maintenance 6200
Vacancy Allowance 0.07
Expense: Insurance 1600
Net Operating Income 36023
Gross Income 49104
Expense: Electric 500
Expense: Other 1500
Expense: Trash 1000
Expense: Water/Sewer 4500
Gross Scheduled Income 52800
We are not permitted to show value estimates for this property.
  • Sep 2016
    mls logo MLS # 5476392
  • Sep 23, 2016 Sold
    $355,000
  • 9623 N 10th Ave
    $355K
  • North Mountain
    $399K -3% y/y
  • 85021
    $599K -4% y/y
  • Phoenix
    $469K -2% y/y
No chart available
Statistics calculated by Movoto

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7/10
Source: GreatSchools.org © 2026. All rights reserved.

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