100% OCCUPIED | $1,600,000 | OBO — SEND YOUR OFFERS. A 10-unit, fully renovated multifamily asset in central Phoenix's Sunnyslope / North Central corridor — block construction, on-site parking, and a completed capital plan that puts the next owner in income mode on day one.
Two 5-plex buildings on two contiguous parcels (±25,000 SF combined) with a compelling unit mix: 2 × 2BR/1BA · 6 × 1BR/1BA · 2 × Studio. Year built: 1945, fully renovated through 2025. The capital plan is complete — full electrical overhaul (±$121,000), unit-by-unit interior renovation, and exterior refresh totaling ±$355,000+ in improvements. 10 of 10 units leased. The next owner inherits a renovated, financeable asset with the deferred-maintenance risk pulled forward and paid for — and a clear runway for rent growth as in-place leases renew.
Offered at $160,000/unit | 6.82% Cap Rate | $109,135 NOI | Submarket: Central Phoenix / Uptown corridor.