927 S 35th Ave - Apartments FOR SALE


Phoenix, AZ 85009- Estrella
$1,275,000 USD
602-828-2502
927 S 35th Ave, Phoenix, AZ for Sale
$1,275,000 USD
Apartments - FOR SALE
1/14
null | 10.36% Cap Rate

927 S 35th Ave
Phoenix, AZ 85009
Estrella


HIGHLIGHTS

  • Income producing VALUE ADD expansion opportunity on the 921 parcel. Space for options like storage units, vending machines, laundry room...etc
  • Low property taxes. $1,167 per year

OVERVIEW

*** Sale includes TWO PARCELS - 921 Parcel (4 Units) # 109-58-049 & & 927 Parcel (6 Units) # 109-58-050 *** 10-Unit Multifamily Investment Opportunity! This renovated and cash-flowing property is in a strong central Phoenix rental market, consisting of 8 one-bedroom/one-bath units and 2 studio units, all renovated around 2022-2023, modern finishes and several updated systems. Each unit is separately metered for electricity, reducing ownership expenses and simplifying management. Very low property tax expense on this one ($1,167/yr). This sale includes two parcels, with the north parcel at 921 S 35th Ave, offering a big space to work with—a rare opportunity for value-add expansion. The additional land provides space to build storage units, install vending machines, add a laundry facility, or develop additional income-producing amenities, significantly increasing future cash flow and property value. The property is fully occupied with month-to-month leases. Located near major employment corridors, transit routes, and downtown Phoenix, this property combines stable current income with long-term upside. Excellent turnkey investment with small development potential.

FOR SALE DETAILS

PRICE

$1,275,000 USD

PRICE/SF

$322 USD /SF

# OF UNITS

10

PRICE/UNIT

$127,500

CAP RATE

10.36%

% LEASED

0%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Tierra Verde

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1950

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.42 AC

LAND SF

18,295 SF

ZONING

M-H

APN/PARCEL ID

109-58-049,109-58-050

ASK ABOUT THIS PROPERTY

Julian TiegeLUXTIGEMore Info
602-828-2502

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Julian TiegeLUXTIGEMore Info
602-828-2502

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