909 S 35TH Avenue, Phoenix, AZ 85009

Property Description

Discover a prime investment opportunity in strong central Phoenix with this fully occupied 8-unit multifamily complex generating consistent cash flow from day one. This exceptional property comprises three spacious 1-bedroom, 1-bathroom units and five efficient studio units, perfectly positioned to capitalize on the area's high demand for affordable rentals where vacancies remain rare. Each unit features its own electrical sub-panel for independent metering and billing. While all three 1-bedroom units boast in-unit washer/dryers for premium tenant appeal, and studios share a convenient on-site laundry facility. The property is fully fenced with one dedicated parking spot per unit, creating a secure and organized community. Major systems including plumbing, electrical, and HVAC were professionally upgraded in 2021, ensuring reliability and minimal maintenance concerns for years to come. The property is well-maintained with regular upkeep including fresh paint and timely repairs. With its R-5 zoning allowing for maximum density in multifamily development, this property presents significant future redevelopment possibilities for investors seeking long-term upside potential. Located strategically near Downtown Phoenix, the Central Avenue light rail extension, and with easy access to I-10 and I-17, residents enjoy quick commutes to key employment corridors and major transit routes. Beyond the stable current income, this is a true value-add opportunity--the large lot provides room for expansion, and there's strong potential to increase returns by replacing flooring and installing washer/dryers in the remaining studio units, or utilizing the huge courtyard for income-producing amenities like vending machines. This combines built-in stability with substantial upside for an investor ready to maximize returns. DRIVE-BY ONLY; please do not disturb tenants. Walkthroughs available only with accepted offers. Buyer to verify all information.

Listing Status:

Active

Date Added:

May 7, 2026

Data Last Updated:

May 20, 2026 at 8:09PM

Listing Office:

Fathom Realty : 877-661-1977

Listing Agent:

Ari Verma : 520-979-4301

MLS ID:

7025359

Interior

• Flooring: Ceramic TileVinyl
• A/C: Electric
• Heating: Electric

Exterior

• General: Sidewalk(s)
• Parking: Paved1 Space/UnitParking spaces: 8

Construction

• Roofing: Composition
• General: StuccoBlock

Location

• Road/Access: Asphalt
• Originating MLS: Arizona Regional Multiple Listing Service 2
• School District: Murphy Elementary District
• County: Maricopa

Lot

• Zoning: R-510958047

Utilities

• Water: Master Meter
• Sewer: Public Sewer

Financial

• Source: Arizona Regional Multiple Listing Service 2