322 N 11th Place, Phoenix, AZ 85006
- $745,000
- List Price
- $745,000
- Status
- ACTIVE
- Days on Market
- 4
- MLS#
- 7086654
- City
- Phoenix
- Year Built
- 1928
Property Description
RENOVATED 4 UNITS Short-Term Rental in PRIME Phoenix LOCATION on R-5 zoning. Cap rate 10.6%. 2026 average occupancy rate 72%, Airbnb rating 4.85 out of 5! Comes with confirmed future bookings totaling over $6,000 through Nov 1, 2026 and the established hosting accounts on main short term rentals platforms!!! UNITS: One 2 BD-1BA and Three Studios. Every unit has its OWN kitchen, bathroom and a separate PRIVATE ACCESS. 2 BD unit has it's own Laundry with washer and dryer. The backyard is a common space for all guests with a Grill, Fire pit, Hammock and a separate Laundry shed. Cleaning and maintenance crews use another outside shed for supplies. Each unit uniquely renovated and staged, designed to appeal to a broad range of tenants-perfect for maximizing occupancy & income! The property located in a high-demand area of Downtown Phoenix, minutes to Chase Field, the Convention Center, ASU Downtown, Roosevelt Row, Van Buren.
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Additional Information
- Taxes
- $2,236
- Net Operating Income
- $85,114
- Cap Rate
- 10.91
- Units
- 4
- Flooring
- Ceramic Tile
- Parking Features
- On Street
- Construction
- Wood Frame, Stucco
- Roofing
- Composition
- Cooling
- Electric
- Heating
- Electric
- Zoning
- R-5
- Subdivision
- Marston Heights
- Community Features
- No Pool
- Electric
- APS
- Water
- See Remarks
- Sewer
- Public Sewer
- Tenant Pays
- None
- New Financing
- VA Loan, FHA, Conventional, No Carry, Cash
- Elementary School
- Garfield School
- Middle School
- Garfield School
Courtesy of My Home Group Real Estate. 602-399-2748
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