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322 N 11TH Place, Phoenix, AZ 85006

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For Sale

$847,000

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Other Residential
    Property type

  • Over 50 Years Old
    Age

Explore this Property

Comprehensively RENOVATED 4 UNITS Short-Term Rental in PRIME Phoenix LOCATION on R-5 zoning. Cap rate 10.6%. 2024 average occupancy rate 93%, Airbnb rating 4.85 out of 5! 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 Landry 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 rates and income potential! HIGH DEMAND LOCATION ensures a CONSISTENT pool of TENANTS! Just minutes walking from ASU, Chase Field and The Van Buren and Convention center. 7 min driving to the airport. It is an ideal destination for visitors! This property is a TurnKey Investment! Renovation has been completed with meticulous attentions to details and orientation to tenants satisfaction. The quality of this reno allow investors expect IMMEDIATE rental INCOME without the hassle of further improvements! R-5 Multiple Family Residence Zoning provides flexibility for future expansion or development, and enhancing the property's long-term investment potential.
MLS# 6755668

Courtesy Of eXp Realty, LLC

(602) 525-3224

Property Features

  • Age
    Over 50 Years Old
  • Appliances
    Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
  • Architecture Style
    Other
  • Exterior Type
    Stucco
  • Floor Covering
    Tile, Tile - Ceramic

Map and Directions

Directions to 322 N 11TH Place, Phoenix, AZ 85006

Home seller CENTURY 21 Americana

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 Americana

(928) 445-0210
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Monthly Payment Breakdown

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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.