1220 S 10TH Avenue, Phoenix, AZ 85007

$325,000

Property Type: Multiple Dwellings Status: Active

Current Price: $325,000 Last Modified: 6/04/2026

Overview

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 roomRear Unit 1: 1 Bedroom / 1 BathroomRear Unit 2: 2 Bedroom / 1 BathroomRear Unit 3: Studio unitEach 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

Supplements: New hot water heatersSeller 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.Thi ... (Read more)

Listing Details MLS# 7037076

Location, Tax & Legal

House Number: 1220
Compass: S
Street Name: 10TH
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85007
Zip4: 3923
Country: US
County Code: Maricopa
Subdivision: DANIELS 2ND ADDITION
Assessor Number: 105-01-051
Tax Year: 2025
Assessor's Map #: 1
Legal Description (Abbrev): LOT 14 DANIELS 2ND ADDITION MCR 002511
Assessor's Parcel #: 51
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 114800
Taxes: 1480
Legal: LOT 14 DANIELS 2ND ADDITION MCR 002511
Marketing Name: 10thAve

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: 5889
Year Built: 1940
Total # of Units: 4
# of Buildings: 2
Zoning: residential
Flood Zone: No
Elementary School District: Phoenix Elementary District
High School District: Phoenix Union High School District
Elementary School: Mary Mcleod Bethune School
Jr. High School: Mary Mcleod Bethune School
High School: Central High School
Uncvrd Parking Spcs: 0

Remarks Misc

Cross Street: 7th Ave/Buckeye
Directions: West to 10th ave then North to house

Legal Info

Township: 1N
Range: 3E
Section: 18
Lot Number: 14

Income Expenses

Gross Annual Sch Inc: 48000
Net Operating Income: 61883

More Information

Showing Notification Methods

Showing Service: Aligned Showings

Efficiency Units

# Efficiency Units: 4
Avg Rent: 1200
Avg SqFt: 1000
# Baths: 15

1 Bedroom Units

# 1 Bedroom Units: 2
Avg Rent: 0

2 Bedroom Units

# 2 Bedroom Units: Yes
Avg Rent: 0

3 Bedrooms Units

# 3 Bedroom Units: Yes
Avg Rent: 0

Project Type

Four Plex: Yes

Other Type

Other (See Remarks): Yes

Construction

Wood Frame: Yes

Const - Finish

Painted: Yes
Stucco: Yes

Roofing

Tile: Yes

Floors

Vinyl: Yes
Ceramic Tile: Yes

Sale Includes

Land & Building: Yes

Income & Expenses

Annual Elec Exp: 1000
Annual Gas Exp: 500
Annual Ins Exp: 2000
Annual Land Lse Exp: 0
Annual Landscape Exp: 1000
Annual Legal & Acctg: 500
Annual Maint Exp: 1000
Annual Mgmt Exp: 0
Annual Trash Exp: 1000
Annual Wtr/Swr Exp: 1000
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Other Expense: 1000
Operating Exp: 10480
Other Income: 0
Vacancy Allowance: 3
Adjusted Gross Inc: 96000
Total Monthly Rental Income: 5600

Pmt & Rate Info

Cap Rate: 19.04
Equity: 325000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0

Lockbox Type

None: Yes

Community Features

No Pool: Yes

Heating

Heat Pump: Yes
Individual: Yes

Cooling

Heat Pump: Yes

Exterior Amenities

Fenced: Yes
Security Light(s): Yes

Interior Features

Fire/Smoke Alarm(s): Yes

Tenant Pays

Gas: Yes
Water: Yes
Sewer: Yes
Electricity: Yes
Trash Collection: Yes
Cable TV: Yes
Landscaping: Yes
Other (See Remarks): Yes

Appliances Included

Dishwasher: Yes
Disposal: Yes
Microwave: Yes
Refrigerator: Yes
Washer/Dryer: Yes

Road Surface Type

Concrete: Yes

Source of Fincl Data

Projected Proforma: Yes

Water Source

City Franchise: Yes
Master Meter: Yes

Sewer

Sewer - Public: Yes

Parking Features

Carport: Yes

Electric

APS: Yes
Master Meter: Yes

Gas

SW Gas: Yes
Master Meter: Yes

Owner Pays

None: Yes
See Remarks: Yes

New Financing

Cash: Yes
Conventional: Yes
No Carry: Yes
Other (See Remarks): Yes

Reports/Disclosures

Seller Prop Disc Stm: Yes

Environmental

None: Yes

4 Bedrooms Units

Avg Rent: 0

Property Features

Project Type: Four Plex Other Type: Other (See Remarks) Construction: Wood Frame Const - Finish: Painted; Stucco Roofing: Tile Floors: Vinyl; Ceramic Tile Sale Includes: Land & Building Community Features: No Pool Exterior Amenities: Fenced; Security Light(s) Interior Features: Fire/Smoke Alarm(s) Appliances Included: Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer Heating: Individual; Heat Pump Cooling: Heat Pump Water Source: City Franchise; Master Meter Sewer: Sewer - Public Electric: APS; Master Meter Gas: SW Gas; Master Meter Parking Features: Carport Road Surface Type: Concrete Owner Pays: None; See Remarks Tenant Pays: Water; Sewer; Electricity; Gas; Trash Collection; Cable TV; Landscaping; Other (See Remarks) Source of Fincl Data: Projected Proforma Lockbox Type: None New Financing: Cash; Conventional; No Carry; Other (See Remarks) Environmental: None

Listing Office: Kosh Realty

Last Updated: June - 04 - 2026