8910-8912 N 3rd St - Apartments FOR SALE


Phoenix, AZ 85020- North Mountain
$1,500,000 USD
480-313-3234
8910-8912 N 3rd St, Phoenix, AZ for Sale
$1,500,000 USD
Apartments - FOR SALE
1/25
null | 7.28% Cap Rate

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


HIGHLIGHTS

  • 100% Occupied — 10 of 10 Units Leased, Income Mode Day One
  • 10-Unit Multifamily | Two Buildings, Two Parcels | Central Phoenix / Uptown Corridor
  • ±$355,000+ Capital Invested — Full Electrical Overhaul, Interior Renovations & Exterior Refresh
  • Unit Mix: 2 × 2BR/1BA · 6 × 1BR/1BA · 2 × Studio | 10 On-Site Parking Spaces | Walk-Up Style
  • Block Construction | Year Built 1945 | Fully Renovated Through 2025 | De-Risked Future Capex

OVERVIEW

100% OCCUPIED | $1,500,000 | A 10-unit, fully renovated multifamily asset in central Phoenix's North Uptown 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.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$288 USD /SF

# OF UNITS

10

PRICE/UNIT

$150,000

CAP RATE

7.28%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Manufactured Housing/Mobile Housing, Dormitory

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.