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909 S 35TH Avenue Phoenix, AZ $ 1,390,000
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$ 1,390,000 Get more info
909 S 35TH Avenue
$ 1,390,000
Back to search
Share Save

909 S 35TH Avenue

Phoenix, AZ, 85009
$ 1,390,000
Baths0.0

Monthly Estimate*

$ 9,238

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Studio

Multi-Family Home for sale in Phoenix, AZ

for $1,390,000. This home was built in 1946.

Invest in this exceptional 8-unit complex in Phoenix. This multifamily comprises three 1-bedroom units and five studios, offering cash flow from day one. The property is fully fenced and includes one dedicated parking spot per unit. Plumbing, electrical, and HVAC upgraded in 2021. Each unit has its own sub-panel inside. All 1-bedroom units feature in-unit washer/dryers, while studios utilize a shared laundry facility on-site. With the area's high demand for affordable rentals, vacancies are rare. There's potential for adding value by replacing flooring and installing washer/dryers in rest of the units. The property's R-5 zoning allows for maximum density in multifamily development, presenting future redevelopment possibilities. DRIVE-BY ONLY. DO NOT disturb tenants. Walkthroughs available only with accepted offers. Buyer to verify all information.

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Multi-Family Active

Price

$ 1,390,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 948

Style

Multiple Dwellings

Year Built

1946

Town/City

Phoenix

County/Region

Maricopa

MLS | Web ID

6703127
Features
General
Sewer Public Sewer
Heating Electric
Cooling Electric
Roof Composition Rolled/Hot Mop
Zoning R-5
Construction Materials Stucco Block
Year Built 1946
Electric APS Master Meter
Tenant Pays See Remarks Trash Collection Gas Electricity Water Sewer
Township 1N
Tax Year 2023
Percent Ownership Fee Simple
Gross Income 125088.0
Community Features Play Area No Pool
County Maricopa
Net Operating Income 93912.0
Operating Expense 948.0
Property Type Multiple Dwellings
Attached Garage N
Subdivision Name TIERRA VERDE
Garage Y/N N
Status Active
City Phoenix
Buyer Agent Compensation 2.50
Disclosures None
View Y/N N
High School District Phoenix Union High School District
Open Parking Spaces 8.0
Total Units 8
Lot Size Square Feet 0.0
Carport Y/N N
Street Name 35TH
Tax Annual Amount 948.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 16
Standard Status Active
Occupancy Type Tenant
Elementary School District Murphy Elementary District
Tax Lot 9
Cap Rate 6.76
Buyer Agent Compensation Type %
New_sp_Financing_co_Conventional5 True
Ownership Fee Simple
Senior Community N
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Interior
Flooring Ceramic Tile Vinyl
Air Conditioning Y/N Y
Heating Y/N Y
Street Suffix Avenue
Electric On Property Y/N N
Total Baths 0
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Exterior
Parking Features 1 Space/Unit
Water Source Master Meter
Total Parking 8.0
Lot Size Area 0.0
Number of Buildings 1
Spa N
Lot Dimensions 74' x 123'
Lot Size Acres 0.0
Road Surface Type Asphalt Sidewalk(s) Alley
Covered Spaces 0.0
Crops Included Y/N N
Open Parking Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 909
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* Excluded Features
List By
Fathom Realty

Broker

arirealtygroup@gmail.com

Email

Affordability Calculator

$9,317
Per Month
99%
1%
0%
Monthly Principal & Interest
$9,238
Monthly Property Taxes
$79
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% 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. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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THE TIME TO SELL IS NOW!
Nearby
4327165 Elementary School
4327058 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
5/9/2024$1,390,000 Listed Price

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909 S 35TH Avenue, Phoenix, AZ, 85009 is a Multi-Family Home for sale at $1,390,000. 909 S 35TH Avenue is a studio with 0.0 baths and was built in 1946. The property's zip code is 85009 which is in Phoenix, AZ

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