8910-8912 N 3rd Street, Phoenix, AZ 85020
- $1,500,000
- 12
- BD
- 10
- BA
- List Price
- $1,500,000
- Status
- ACTIVE
- Price Change
- ▼ $100,000 1779739719
- Days on Market
- 292
- MLS#
- 6951020
- City
- Phoenix
- Bedrooms
- 12
- Bathrooms
- 10
- Year Built
- 1945
Property Description
100% OCCUPIED + 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.
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Additional Information
- Taxes
- $2,731
- Net Operating Income
- $112,987
- Cap Rate
- 6.46
- Units
- 10
- Parking Features
- Paved, >1 Space Per Unit
- Construction
- Block, Painted, Brick Veneer
- Roofing
- Composition
- Cooling
- Central Air, Window/Wall Unit, Ceiling Fan(s)
- Heating
- Electric, Natural Gas
- Zoning
- R-5
- Exterior Features
- Sidewalk(s)
- Subdivision
- Sunnyslope
- Community Features
- No Pool
- Electric
- APS, Individual Meter
- Water
- City Franchise
- Tenant Pays
- See Remarks
- New Financing
- Conventional, 1031 Exchange, No Carry, Cash
- Elementary School
- Desert View Elementary School
- Middle School
- Royal Palm Middle School
- High School
- Sunnyslope High School
Courtesy of The Broker Reserve LLC. 480-313-3234
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