8910-8912 N 3rd St - Apartments FOR SALE


Phoenix, AZ 85020- North Mountain
$1,890,000 USD
480-313-3234
8910-8912 N 3rd St, Phoenix, AZ for Sale
$1,890,000 USD
Apartments - FOR SALE
1/9
null | 5.18% Cap Rate

8910-8912 N 3rd St
Phoenix, AZ 85020
North Mountain


HIGHLIGHTS

  • Fully renovated 10-unit multifamily in Phoenix infill location
  • ±$355,000 in total CapEx including ±$121,000 full electrical overhaul
  • Recently stabilized after ~18 months of repositioning
  • Stabilized pro forma GPR of ±$142,800/year
  • De-risked future capex

OVERVIEW

FULLY UPDATED ELECTRICAL & WIRING. Fully renovated 10-unit multifamily asset in the highly desirable Uptown Phoenix submarket. The property features a compelling unit mix across two contiguous parcels and benefits from approximately $355,000 of capital improvements completed over the last 1.5 years. With strong leasing momentum, stabilized operations, and market rent upside, this property is well-positioned for both yield-focused and appreciation-driven investors.

FOR SALE DETAILS

PRICE

$1,890,000 USD

PRICE/SF

$363 USD /SF

# OF UNITS

10

PRICE/UNIT

$189,000

CAP RATE

5.18%

% LEASED

80%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1945

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,632 SF

ZONING

R-5

APN/PARCEL ID

160-50-085,160-50-087

ASK ABOUT THIS PROPERTY

Hudson RobisonThe Broker ReserveMore Info
480-313-3234

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Hudson RobisonThe Broker ReserveMore Info
480-313-3234

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.