4202 10Th St, Phoenix, AZ 85014
7 Unit Apartment Building | $2,199,999 ($314,286/Unit) | 5.96% Cap Rate | Phoenix, AZ 85014
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $2,199,999
- Property Type
-
Multifamily
- Square Feet
- 5,789 SF
Listing Contacts
Royce Munroe
Verified Profile
- Property Info
Property Overview
Seven on 10th is a unique opportunity for investors to own a completely rebuilt 7-unit community located in the North-Central submarket of Phoenix, Arizona. The five building property which consists of four casitas and one triplex, was originally constructed in 1947 and rebuilt in 2023. The four casitas were taken down to the slab and rebuilt. The triplex was taken down to the studs and rebuilt. All five buildings enjoy new roofs, air conditioners, windows, wiring, plumbing, water heaters and modern interiors.
The four casitas are each two-bedroom, two-bathroom floor plans and they enjoy spacious front patios. The triplex includes one-bedroom, one-bathroom + den, and two-bedroom floor plans and each triplex unit enjoys a large private backyard. All units were appointed with modern interiors which include new cabinetry, quartz counters, stainless steel appliances, wood plank vinyl flooring, faucets, fixtures, fans, premium bathrooms, and in-suite laundry. Tenants pay $50 a month in R.U.B.S. for water, sewer and trash. All units are individually metered for electricity and all casitas have integrated fire sprinkler systems.
Tenants appreciate the spacious, low density, single level community which offers at-unit parking, a large greenbelt, a ramada covered bbq and a fenced dog park. The community is conveniently located within 1 mile of the State Route 51 Freeway to the east and the Indian School / Central Ave light rail station to the west. The community is a short distance from downtown Phoenix and several major employers within a two mile radius including the Phoenix Children’s Hospital, the Abrazo Arizona Heart Hospital and St. Joseph’s Hospital. Nearby shopping and dining conveniences include Park Central, Biltmore Fashion Park and Uptown Plaza. The Phoenix Sky Harbor International Airport is a short drive from the property.
The four casitas are each two-bedroom, two-bathroom floor plans and they enjoy spacious front patios. The triplex includes one-bedroom, one-bathroom + den, and two-bedroom floor plans and each triplex unit enjoys a large private backyard. All units were appointed with modern interiors which include new cabinetry, quartz counters, stainless steel appliances, wood plank vinyl flooring, faucets, fixtures, fans, premium bathrooms, and in-suite laundry. Tenants pay $50 a month in R.U.B.S. for water, sewer and trash. All units are individually metered for electricity and all casitas have integrated fire sprinkler systems.
Tenants appreciate the spacious, low density, single level community which offers at-unit parking, a large greenbelt, a ramada covered bbq and a fenced dog park. The community is conveniently located within 1 mile of the State Route 51 Freeway to the east and the Indian School / Central Ave light rail station to the west. The community is a short distance from downtown Phoenix and several major employers within a two mile radius including the Phoenix Children’s Hospital, the Abrazo Arizona Heart Hospital and St. Joseph’s Hospital. Nearby shopping and dining conveniences include Park Central, Biltmore Fashion Park and Uptown Plaza. The Phoenix Sky Harbor International Airport is a short drive from the property.
Property Details
- Class
- C
- Year Built
- 1947
- Stories
- 1
- Lot Size (sq. ft)
- 28,750 SF
- Units
- 7
Highlights
- 7 Garden Style Units Rebuilt in 2023: 4 Casitas & 1 Triplex
- New Roofs, AC’s, Water Heaters, Plumbing, Wiring, Windows & Interiors
- Low Density Single Level Community, Individually Metered for Electricity.
- Tenants Enjoy In-Suite Laundry, At-Unit Parking, Private Patios & Backyards
- Common Amenities Include: Ramada Covered BBQ, Spacious Greenbelt, Dog Park.
- Near Camelback Corridor, Central Avenue Light Rail, Major Employers / Hospitals
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