4128 N 10th St - Apartments FOR SALE


Phoenix, AZ 85014- Midtown Phoenix
$2,873,000 USD
602-435-3636
4128 N 10th St, Phoenix, AZ for Sale
$2,873,000 USD
Apartments - FOR SALE
1/60
null | 6% Cap Rate

4128 N 10th St
Phoenix, AZ 85014
Midtown Phoenix


HIGHLIGHTS

  • In-Suite Washer & Dryers
  • Individually Metered with Individual HVAC Units
  • Renovated in 2020 With New Kitchens, New Bathrooms, Custom Cabinetry, Quartz Countertops and Tiled Backsplashes and Tub Surrounds
  • Stainless Steel Appliances, Wood Plank Vinal Floors, Dishwashers
  • Private Patios & Covered Parking
  • Lush Mature Landscaping and Plentiful Greenspace

OVERVIEW

CBRE is pleased to present Central Park Villas Apartments, a single story garden style prime investment opportunity located at 4128 N 10th St., Phoenix. This 10-unit community benefits from a highly desirable location just north of Indian School Road and west of 7th Street, an area where demand for Class B/B+ properties consistently exceeds supply. Central Park Villas offers a diverse selection of spacious units, including one-bedroom (600 sq ft), two-bedroom (800 sq ft), and three-bedroom (1,200 sq ft) floor plans, all designed for modern living. Each unit is equipped with in-suite washer and dryers, stainless steel appliances, modern backsplashes, quartz kitchen and bathroom countertops, dishwashers, individual HVAC units, stylish wood-plank vinyl flooring, and ceramic tile. Originally constructed in 1966 and extensively renovated in 2020, Central Park Villas presents a turnkey asset with a proven track record of stable income, low tenant turnover, and high historical occupancy. This established performance allows a new investor to capitalize on dependable cash flow and the potential for organic rent growth upon lease expirations, offering an attractive opportunity to achieve an above-market return on investment. Beyond its attractive amenities, Central Park Villas boasts a prime location. Residents enjoy convenient access to the substantial employment opportunities of midtown, downtown, and the Biltmore/Camelback corridor, which together support a workforce of over 177,000 employees at more than 3,000+ businesses.

FOR SALE DETAILS

PRICE

$2,873,000 USD

PRICE/SF

$399 USD /SF

# OF UNITS

10

PRICE/UNIT

$287,300

CAP RATE

6%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Central Park Villas

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1966

PARKING SPACES

17

LAND DETAILS

LAND ACRES

0.66 AC

LAND SF

28,776 SF

ZONING

R-3, Phoenix

APN/PARCEL ID

155-17-063

ASK ABOUT THIS PROPERTY

602-435-3636

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602-435-3636

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