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927 S 35TH Avenue, Phoenix, AZ 85009

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For Sale

$1,275,000

Estimated Payment

$      /mo. †

APR for 30 years

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  • Other Residential
    Property type

  • Over 50 Years Old
    Age

Explore this Property

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.
MLS# 6924258

Courtesy Of My Home Group

(480) 685-2760

Property Features

  • Age
    Over 50 Years Old
  • Appliances
    Microwave, Range, Refrigerator
  • Architecture Style
    Other
  • Exterior Type
    Block, Stucco
  • Floor Covering
    Vinyl

Map and Directions

Directions to 927 S 35TH Avenue, Phoenix, AZ 85009

Home seller CENTURY 21 Northwest Realty

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Northwest Realty

(623) 979-0065
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† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.