For Sale Multi-Family MLS# 7037076

1220 S 10TH Avenue

Phoenix, AZ 85007

$299,900

About 1220 S 10TH Avenue

Excellent value-add multifamily investment opportunity located in the growing Central Phoenix market. This unique 4-unit property offers strong income potential with major renovation work already completed, making it an ideal opportunity for investors looking to finish the final touches and maximize returns.

The property consists of:

Front Unit: Spacious 3 Bedroom / 2 Full Bathroom unit with in-unit laundry room

Rear Unit 1: 1 Bedroom / 1 Bathroom

Rear Unit 2: 2 Bedroom / 1 Bathroom

Rear Unit 3: Studio unit

Each rear unit has its own private entrance, creating privacy and flexibility for tenants. The majority of the interior renovation work has already been completed. Additional planned upgrades include: Brand new electrical system installation New HVAC systems New ap New hot water heaters

Seller plans to complete the remaining improvements prior to closing for an additional negotiated price, providing buyers flexibility to either purchase as-is or receive a near turn-key finished product.

The property includes parking for approximately 3 vehicles onsite, along with additional street parking availability.

This is a great opportunity for an investor or owner-operator to take over a nearly completed project and add the final cosmetic and operational touches. Estimated total rental income is projected to exceed $4,000 per month once fully stabilized.

Conveniently located near Downtown Phoenix, major freeways, employment centers, dining, shopping, and public transportation, this property benefits from strong rental demand and continued area growth.

Priced to sell quickly. Excellent opportunity for investors seeking cash flow, appreciation potential, and value-add upside.

Buyer to verify all facts, figures, measurements, zoning, permits, and projected rental income.

Property details

Property

Type
multi
MLS type
Multi Family Home
Status
Active
Year built
1940
Original price
$325,000
MLS #
7037076

Interior

Features
Heat Pump, Individual, Heat Pump, Ceramic Tile, Vinyl
Flooring
Ceramic Tile, Vinyl
Heating
Individual, Heat Pump
Cooling
Heat Pump

Exterior & lot

Features
Carport, Parking spaces: 0
Construction
Wood Frame, Painted, Stucco, Tile
Roof
Tile
Lot
residential, 10501051
Parking
Carport

Schools

District
Phoenix Elementary District
Elementary
Mary Mcleod Bethune School
Middle
Mary Mcleod Bethune School
High
Central High School

Utilities

Utilities
Public Sewer, Master Meter, City Franchise
Water
Master Meter, City Franchise
Sewer
Public Sewer

Financial

Financial
Arizona Regional Multiple Listing Service 2
Annual tax
$1,480
Tax year
2025
Parcel
10501051

Location

Subdivision
DANIELS 2ND ADDITION
County
Maricopa
Neighborhood
Central City South
Community
Maricopa, Concrete, Arizona Regional Multiple Listing Service 2, Phoenix Elementary District
Directions
West to 10th ave then North to house

Location

Neighborhood
Central City South
Subdivision
DANIELS 2ND ADDITION
School district
Phoenix Elementary District

Ask about this property

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Listed by Kiran Vedantam, Kosh Realty

Listing information is provided by the participating MLS / IDX program and is deemed reliable but not guaranteed. All information should be independently verified. Equal Housing Opportunity.