$847,000

322 N 11TH Place, Phoenix, AZ 85006

Multi-Family Home
Built in 1928
—— sqft lot
—— car garage
$——/sqft
Listed 1 year ago

Property Description

Comprehensively RENOVATED 4 UNITS Short-Term Rental in PRIME Phoenix LOCATION on R-5 zoning. Cap rate 10.6%. 2024 average occupancy rate 93%, Airbnb rating 4.85 out of 5! UNITS: One 2 BD-1BA and Three Studios. Every unit has its OWN kitchen, bathroom and a separate PRIVATE ACCESS. 2 BD unit has it's own Landry with washer and dryer. The backyard is a common space for all guests with a Grill, Fire pit, Hammock and a separate Laundry shed. Cleaning and maintenance crews use another outside shed for supplies. Each unit uniquely renovated and staged, designed to appeal to a broad range of tenants—perfect for maximizing occupancy rates and income potential! HIGH DEMAND LOCATION ensures a CONSISTENT pool of TENANTS! Just minutes walking from ASU, Chase Field and The Van Buren and Convention center. 7 min driving to the airport. It is an ideal destination for visitors! This property is a TurnKey Investment! Renovation has been completed with meticulous attentions to details and orientation to tenants satisfaction. The quality of this reno allow investors expect IMMEDIATE rental INCOME without the hassle of further improvements! R-5 Multiple Family Residence Zoning provides flexibility for future expansion or development, and enhancing the property's long-term investment potential.

Listing Status:: Active
Date Added:: September 11, 2024 at 05:00AM
Listing Office:: eXp Realty : 888-897-7821
Listing Agent:: Natalia Yalin : 858-729-4377
MLS ID:: 6755668

Flooring: Ceramic Tile
A/C: Electric
Heating: Electric

Parking: On StreetParking spaces: 4

Roofing: Composition
General: Wood FrameStucco

Road/Access: Gravel
Originating MLS: Arizona Regional Multiple Listing Service 2
School District: Phoenix Elementary District
County: Maricopa

Zoning: R-511626012

Water: See Remarks
Sewer: Public Sewer

Source: Arizona Regional Multiple Listing Service 2

This listing courtesy of Natalia Yalin, eXp Realty

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Phoenix Union Bioscience High School

512 E Pierce St, Phoenix, AZ, 85004

Grades 9-12

0.57 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.