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$1,650,000
8 Beds ⋅ 8 Baths ⋅ 7062113 MLS
THIS CONTEMPORARY DUPLEX COMPRISING TWO IDENTICAL SFH HOMES (ONE LOT ONE APN#) IN HEART OF MIDTOWN PHOENIX PRESENTS A COMPELLING OPPORTUNITY TO AQUIRE AN ASSET AT BELOW -MARKET DEBT. The Homes are mirror image 2488 Sq Ft units, each featuring 4 bed, 3 full + 2 half baths spanning three slevels with loft and entertainer's dream roof deck allowing amazing sunset views. Quality finishes throughout with metal and wood, give an urban chic feel.Roof deck has detached casita that can serve as 4 bedroom/office. LIVE IN ONE AND OFF SET EXPENSES BY RENTING THE OTHER. SUITS MULTI-GENERATIONAL FAMILY LIFESTYLES OR 1031 EXCHANGE BUYERS SEEKING RATE CERTAINTY AND LONGTERM FINANCING FLEXIBILTY.

220 W Monterosa Street, Phoenix
$695,000
6 Beds ⋅ 6 Baths ⋅ 7060894 MLS
* **9.74% Day-One Cap Rate -- Exceptional Yield in a Single-Family Asset** * **Absolute NNN Structure -- Tenant Reimburses Property Taxes and Insurance** * **Contractual Rental Growth Built Into the Initial 5-Year Lease Term** * **Forward Yield Increases to Approximately 10.43% by Year 5** * **Newly Executed Lease Provides Contractual Income Through 2030** * **Personal Guarantee Supports the Tenant's Lease Obligations** * **More Than $40,000 in Recent Renovations and Capital Improvements** * **Predictable Income Stream Secured by Phoenix Real Estate** * **Built-In Upside Without Renovation, Repositioning, or Intensive Management** * **Rare Combination of Double-Digit Forward Yield and Residential Real Estate** ABSOLUTE NNN SINGLE-TENANT INVESTMENT 5-Year Lease | Built-In Rental Growth | 9.74% Year 1 Cap Rate POSITIONING Bond-Like Income Secured by Real Estate Absolute Triple NNN lease structure Newly executed 5-year lease commencing January 1, 2026 Personal guarantee Two additional 5-year renewal options Monthly base rent increases by $100 each year Tenant's first right of refusal ASKING PRICE: $695,000 EXECUTIVE SUMMARY Gerchick Real Estate is pleased to present a fully stabilized, single-tenant Absolute NNN investment secured by a newly executed 5-year lease. In addition to base rent, the tenant reimburses the landlord for property taxes and insurance, creating a predictable and largely passive income stream. This investment offers: Immediate cash flow Contractual annual rent growth Minimal landlord responsibility Personal guarantee Long-term renewal potential Strong initial and forward yields The property's value is driven by its contractual income stream. This is not an owner-occupant comparable-sale opportunity--it is a yield-focused real estate acquisition. FINANCIAL OVERVIEW Year 1 Income Base Rent: $5,200 per month NNN Reimbursements: $440.25 per month Total Monthly Income: $5,640.25 Total Annual Income: $67,683 Year 1 Cap Rate Purchase Price: $695,000 $67,683 ÷ $695,000 = 9.74% YEAR 1 CAP RATE: 9.74% FORWARD YIELD GROWTH Lease Year Annual Income Yield on Original Purchase Price Year 1 $67,683 9.74% Year 2 $68,883 9.91% Year 3 $70,083 10.08% Year 4 $71,283 10.26% Year 5 $72,483 10.43% By Year 5, the annual yield increases to approximately 10.43% based on the original $695,000 purchase price. FIVE-YEAR CASH-FLOW PROJECTION Assuming an all-cash purchase at $695,000: Lease Year Projected Gross Income Year 1 $67,683 Year 2 $68,883 Year 3 $70,083 Year 4 $71,283 Year 5 $72,483 Total $350,415 TOTAL PROJECTED FIVE-YEAR GROSS INCOME: $350,415 The projected five-year gross income equals approximately 50.42% of the purchase price, providing investors with the potential to recover more than half of the original acquisition cost through gross income during the initial lease term alone. LEASE ABSTRACT Lease commencement: January 1, 2026 Initial lease term: 5 years Renewal options: Two additional 5-year terms Base-rent increases: $100 per month annually Guarantee: Personal guarantee First right of refusal: Provided to tenant Property taxes: Reimbursed by tenant Property insurance: Reimbursed by tenant Lease structure: Absolute NNN INVESTMENT THESIS Why This Asset Performs Attractive 9.74% initial cap rate Contractual annual rent increases Forward yield exceeding 10% beginning in Year 3 Personal guarantee helps reduce investment risk Minimal ongoing management burden Annual increases provide a hedge against inflation Strong Phoenix location Potential for future cap-rate compression Contractual income secured by underlying real estate Two additional 5-year renewal options This structure may appeal to private investors, 1031 exchange buyers, family offices, and yield-focused purchasers seeking stable real estate income without the management demands of a traditional residential rental. BUYER REQUIREMENTS The Seller recognizes that traditional residential appraisal methodology may not fully reflect the value of the property's contractual income stream. All offers must: Be submitted as an all-cash purchase; or Waive the appraisal contingency; and Include acceptable proof of funds This is an income-driven acquisition. DISCLAIMER All information contained herein has been obtained from sources deemed reliable but is not guaranteed. Buyer shall independently verify all information, including but not limited to lease terms, rental income, reimbursements, expenses, property condition, zoning, square footage, and all other material facts.

1927 E Crocus Drive, Phoenix
$918,000
6 Beds ⋅ 50 Baths ⋅ 7060645 MLS
These 2 NEW BUILD single family homes or on 1 lot. 1 APN number, same financing as a duplex. Come and see these amazing 3 BR 2.5 bath single family homes. 20 Foot Ceilings, Luxury flooring, modern kitchen and so much more. Backyards over 1000 SF. Garage for 2 cars plus driveway for more. Balcony on front and back makes these contemporary homes and amazing purchase, especially for a first time investor! No HOA! so much more to see.

2051 E Michigan Avenue E Unit 1, Phoenix
$749,999
7057876 MLS
PRICE IMPROVEMENT Motivated Seller Great investment opportunity! This fully renovated triplex features two 2-bedroom, 1-bath units and one 3-bedroom, 2-bath unit. All units were updated in 2025 with new flooring, cabinets, countertops, white appliances, bathrooms, and lighting fixtures. All three units are tenant occupied and producing income, making this a turnkey investment. One of the tenants are Section 8 tenants, providing reliable rental income. The property features low-maintenance landscaping, ample private parking, and separately metered electric for each unit. Located on R-5 zoning and registered as a multifamily parcel, this property is separately parceled as a triplex, allowing for residential financing. An excellent opportunity for investors seeking a renovated, cash-flowing property in Phoenix

1101 E Roosevelt Street, Phoenix
$4,495,000
7057128 MLS
Seven-unit townhome portfolio in Encanto Village, one of Midtown Phoenix's most sought-after neighborhoods. Within 10 minutes of major employers, dining, nightlife, professional sports, I-10, SR-51, and SR-202, five major hospitals, and 20 minutes from Sky Harbor. Built in 2021, each 1,779 SF townhome offers 3 bedrooms and 2.5 baths over two levels, with private courtyards, high-end finishes, and two flex areas for work/play. Currently operated as rentals with in-place rents below market, offering meaningful upside in one of the nation's strongest job markets. Each home is individually parceled, allowing an investor to hold the portfolio for income today and later sell units individually at retail. A rare central-Phoenix asset pairing for-sale-quality product with two distinct value paths.

4020 N 12th Street, Phoenix
$799,900
7056928 MLS
Words can't fully capture the value of this impeccably maintained four-plex, where pride of ownership is evident throughout. Ideally situated in a highly desirable rental community, this property offers both stability and long-term upside for any investor. Each of the four units features a 2-bedroom, 1-bath layout with 926 square feet, providing comfortable and functional living spaces that remain in high demand. Three units are currently occupied, delivering immediate cash flow, while Unit #4 is vacant and available to show. Each unit includes French doors leading to a spacious front deck or patio area, creating a welcoming indoor-outdoor feel. The downstairs units enjoy private fenced yards, a rare amenity that enhances tenant appeal.

3823 N 23rd Drive, Phoenix
$495,000
7053423 MLS
Right off the Roosevelt Row Arts District, 802 W Roosevelt St is a duplex in the heart of Central Phoenix's highly walkable and revitalized Triangle District. Built in 1930, the property features two well-maintained 2-bed/1-bath units, each approximately 750 square feet, blending historic charm with modern updates. The large 0.205-acre R-5 zoned lot provides future upside, while on-site laundry adds everyday convenience. Ideal for an owner-occupant, short- or mid-term rental operator, or traditional multifamily, the property is just minutes from Downtown Phoenix, Roosevelt Row, ASU Downtown, and the I-10 & I-17 freeways. This location places residents near the Valley's top dining, entertainment, employment, and cultural destinations.

802 W Roosevelt Street, Phoenix
$999,000
7044182 MLS
Excellent four-unit multifamily investment property in the Phoenix metro area, minutes from Downtown Phoenix and the Sports Center. Updated in 2022, this well-maintained complex offers strong cash-flow potential with estimated annual income of approximately $50,000. Features include four spacious units with separate bedrooms (no studios), tile flooring throughout, in-unit laundry, and all appliances included, including refrigerators, washers, and dryers. Each unit has dedicated storage and assigned parking. Additional highlights include security doors and windows, privacy fencing, no HOA, Phoenix city tax municipality, and eligibility for subsidized housing programs. A low-maintenance, turnkey investment opportunity in a desirable location.

1438 E Adams Street, Phoenix
$662,500
7039047 MLS
Exceptional investment opportunity featuring a total of seven units, including a single-family residence & eligible for residential financing. This triplex must be sold with the adjacent fourplex (MLS # 7039046), creating a seven-unit investment portfolio. Located near GCU, the freeway, shopping, and other amenities, this property offers strong tenant appeal. The single-family residence features a full-size laundry room. All units were renovated between 2019 and 2020. Improvements include new sewer and water lines, upgraded electrical service, interior and exterior paint, roofs replaced on both triplexes in 2024, and a new roof on the single-family residence in 2020. Well-maintained property with numerous updates throughout. See Documents tab for details. Buyer to verify all information.

2620 W Pierson Street, Phoenix
$662,500
7039046 MLS
Exceptional investment opportunity featuring a total of seven units, including a single-family residence & eligible for residential financing. This fourplex must be sold with the adjacent triplex (MLS #7039047), creating a seven-unit investment portfolio. Located near GCU, the freeway, shopping, and other amenities, this property offers strong tenant appeal. The single-family residence features a full-size laundry room. All units were renovated between 2019 and 2020. Improvements include new sewer and water lines, upgraded electrical service, interior and exterior paint, roofs replaced on both triplexes in 2024, and a new roof on the single-family residence in 2020. Well-maintained property with numerous updates throughout. See Documents tab for details. Buyer to verify all information.

2616 W Pierson Street, Phoenix
$700,000
7038723 MLS
Welcome to Three at Bumbalow - A Rare Triplex Investment in the Heart of Central Phoenix! Three at Bumbalow presents a unique opportunity to own a recently upgraded triplex in one of Phoenix's most sought-after and rapidly developing neighborhoods. Ideally located near downtown, major freeways, and light rail access, this property is perfect for investors seeking strong rental income or owner-occupants looking to live in one unit while renting out the others. This well-maintained property was renovated in 2023 and features three individual units: Two units with 2 bedrooms and 1 bathroom each, and One larger unit with 3 bedrooms and 2 bathrooms. Each unit has its own private entrance and offers a functional floor plan designed for comfortable living. A nice side yard adds outdoor space and potential for further enhancements, such as communal gathering areas or added amenities. Each unit is equipped with washer and dryer hookups. All the washers, dryers, and refrigerators are included in the sale and convey. The property is currently self-managed, which keeps operating costs low. This triplex is perfect for both seasoned investors and first-time multifamily buyers looking to enter the market with a well-located, income-producing asset. The units are currently rented at $2,863, $1,550, and $1,985 per month, respectively. Whether you're looking to expand your real estate portfolio, complete a 1031 exchange, or live in one unit while earning passive income from the others, Three at Bumbalow offers flexibility, stability, and upside in a prime Central Phoenix location.

2223 E Roosevelt Street, Phoenix
$820,000
7038283 MLS
Seize this fantastic opportunity to own a well-located duplex close to schools, dining, highway access, and sports fields! Each unit features 3 spacious bedrooms, 2 bathrooms, neutral tones, tile flooring throughout, a laundry area, and a clean, modern kitchen with granite countertops, stainless steel appliances, and an island perfect for casual meals. Enjoy tandem covered parking for added convenience and no HOA restrictions. This property is a great option for investors or owner-occupants--live in one unit and rent the other, or explore short-term rental. One unit Airbnb-ready. Opportunities like this don't come around often. Come see it before it's gone!

1908 W Lawrence Road Unit 1&2, Phoenix
$669,000
7034632 MLS
Great investment opportunity with this value add 4 plex consisting of 2 separate buildings on a large lot with a very open and spacious community courtyard perfect for gathering, BBQ's or visiting with your neighbors. All units are 2 bedrooms with 1 bathroom and come with a separate storage/laundry room. Conveniently located for easy commute to Grand Canyon University (2 miles), downtown Phoenix, mid town Phoenix and Steel Indian School Park. Perfect investment opportunity with all tenants on a month-to-month lease ready for updating and rental rate increases.

3849 N 23rd Drive, Phoenix
$615,000
7034582 MLS
Investment opportunity in the heart of Phoenix. This multi-unit property offers income potential with flexible living arrangements ideal for investors, owner-occupants, or multi-generational living. The property features multiple units with private entrances, functional floor plans, and ample parking. Conveniently located this property provides easy connectivity throughout the Valley. Whether you are looking to expand your rental portfolio, generate supplemental income, or occupy one unit while renting the others, this property presents endless possibilities. Tenants' rights apply, do not disturb tenants.

4429 N 53rd Lane, Phoenix
$629,999
7032228 MLS
Check out this cash flowing low maintenance fourplex even at today's rates. Complex is located near mostly residential homes near elementary school and within 5 miles of downtown Phoenix. All units have white shaker cabinets, 2 units remodeled with quartz countertops, shaker cabinets and vinyl plank and wood tile flooring, & stainless-steel appliances. 1 unit partially upgraded unit with Quartz countertops, and shaker cabinets. 2 units have new A/C units & water heaters that have been replaced in the last 3 years. 1 A/C unit has a new motor. All of the units have ceiling fans throughout. Recently painted exterior. Units are individual metered for electricity. Units fully occupied, but 1 unit comes up for renewal in July if you want to occupy one or rehab for higher rent. Owner/ Agen

1001 N 32nd Avenue, Phoenix
$1,290,000
8 Beds ⋅ 8 Baths ⋅ 7031957 MLS
6.55 Cap Rate!!! Located in the heart of central Phoenix, 1001 North 9th Street presents an outstanding multifamily investment opportunity featuring eight well-positioned studio apartment units in one of the city's most rapidly evolving urban neighborhoods. This charming eightplex offers a strong blend of steady rental demand, functional unit layouts, and prime proximity to downtown Phoenix amenities. Each studio apartment is thoughtfully designed to maximize efficiency and comfort, appealing to tenants seeking affordable urban living with convenient access to employment centers, dining, entertainment, public transit, and nearby freeway connections. The property's classic character and practical configuration make it an attractive asset for both seasoned investors and owner-operators.

1001 N 9th Street, Phoenix
$1,109,999
7025359 MLS
Discover a prime investment opportunity in strong central Phoenix with this fully occupied 8-unit multifamily complex generating consistent cash flow from day one. This exceptional property comprises three spacious 1-bedroom, 1-bathroom units and five efficient studio units, perfectly positioned to capitalize on the area's high demand for affordable rentals where vacancies remain rare. Each unit features its own electrical sub-panel for independent metering and billing. While all three 1-bedroom units boast in-unit washer/dryers for premium tenant appeal, and studios share a convenient on-site laundry facility. The property is fully fenced with one dedicated parking spot per unit, creating a secure and organized community. Major systems including plumbing, electrical, and HVAC were professionally upgraded in 2021, ensuring reliability and minimal maintenance concerns for years to come. The property is well-maintained with regular upkeep including fresh paint and timely repairs. With its R-5 zoning allowing for maximum density in multifamily development, this property presents significant future redevelopment possibilities for investors seeking long-term upside potential. Located strategically near Downtown Phoenix, the Central Avenue light rail extension, and with easy access to I-10 and I-17, residents enjoy quick commutes to key employment corridors and major transit routes. Beyond the stable current income, this is a true value-add opportunity--the large lot provides room for expansion, and there's strong potential to increase returns by replacing flooring and installing washer/dryers in the remaining studio units, or utilizing the huge courtyard for income-producing amenities like vending machines. This combines built-in stability with substantial upside for an investor ready to maximize returns. DRIVE-BY ONLY; please do not disturb tenants. Walkthroughs available only with accepted offers. Buyer to verify all information.

909 S 35th Avenue, Phoenix
$625,000
7023723 MLS
Amazing investment fourplex in North Phoenix! Premium corner building with no shared walls, and easy access to covered parking for tenants. Units consist of: four 2bed/2bath units. All units have a large square footage and modern layouts and all include washer/dryer hookups. Great rents that make it a no brainer for any investor. Monthly HOA dues INCLUDE: common area maintenance, landscaping, community pool, parking enforcement, and gated access.

2826 E Marconi Avenue, Phoenix
$625,000
7021967 MLS
Amazing investment fourplex in North Phoenix! Premium corner building with no shared walls, and easy access to covered parking for tenants. Units consist of: one 1bed/1bath unit, two 2bed/2bath units, and a 3bed/3bath unit. All units have a large square footage and modern layouts and all include washer/dryer hookups. Three units have ground level patios that open onto a large common area and three units also feature upper level balconies. Great rents that make it a no brainer for any investor. Monthly HOA dues INCLUDE: common area maintenance, landscaping, community pool, parking enforcement, and gated access.

2833 E Le Marche Avenue, Phoenix
$2,900,000
7021704 MLS
5 Casitas plus smaller laundry room. All recently updated and show great all 1 Bedroom, 1 Bath with Kitchenette SQ.FT. is 450-590 per unit. This sale includes adjoining lot with 2500 SQ FT main house MLS # 7021665 Almost 1 full acre between both lots. 4 Car Garage and another 1 car garage and 5 parking spots.

11 W Pasadena Avenue, Phoenix
$845,000
7020424 MLS
Exceptional investment opportunity in the heart of Central Phoenix. Ideally situated near the Biltmore Area and Downtown Phoenix, this gated triplex offers strong in-place income with zero vacancy and modernized interiors throughout. The property features two 1 bed / 1 bath units and one 2 bed / 1 bath unit, all thoughtfully updated while maintaining a touch of mid-century character. Tenants enjoy a private, lushly landscaped courtyard, along with semi private patios for each unit, creating a unique community-oriented living environment. Additional highlights include covered parking for three vehicles plus 3 uncovered spaces, multiple storage areas, and a shared laundry room with washer and dryer included. Each unit is separately metered for gas and electric and equipped with its own separately metered for gas and electric and equipped with its own HVAC system and water heater, minimizing owner expenses and simplifying management. Ideal for investors seeking stable cash flow, with future flexibility. Potential owner-occupant opportunity available as early as July. These opportunities do not come up often!

4514 N 14th Place, Phoenix
$739,000
4 Beds ⋅ 2 Baths ⋅ 7017676 MLS
**Rare Dual-Residence Property | Two Private 2BR Homes | Fenced Yards | No HOA** One property, endless possibilities. Set on an oversized corner lot in one of Central Phoenix's most established neighborhoods, this beautifully maintained dual-residence property offers a rare combination of privacy, flexibility, and long-term value. Each of the two thoughtfully designed 2-bedroom, 1-bath residences enjoys its own private entrance, fully fenced yard, and outdoor living space, creating an experience that feels remarkably independent while offering the convenience of one property. Whether you're bringing generations together while preserving personal space, creating the ultimate work-from-home environment, or living in one residence while offsetting costs with the other.. this is the one!! Step inside the gates and discover mature shade trees, lush landscaping, and inviting outdoor spaces that create a peaceful atmosphere rarely associated with such a central location. It's a home best experienced in person, where the thoughtful layout and surprising sense of peaceful privacy immediately set it apart. Plenty of private, covered off-street parking adds to the value of this special property. For investors, the appeal is equally compelling. Rather than a traditional apartment-style duplex, this unique property offers two residences with the privacy and outdoor space today's long-term or short-term tenants increasingly value. The result is a property positioned to appeal to both owner-occupants and renters seeking the comfort and feel of a home. Located just minutes from the Melrose District, Uptown Phoenix, Downtown, top-rated restaurants, shopping, and major employment centers, you'll enjoy exceptional convenience without sacrificing the character of an established neighborhood. Properties offering this level of flexibility are increasingly uncommon. Whether your vision is multi-generational living, supplemental rental income, a private home office, or a long-term investment with multiple paths forward, 548 & 550 W. San Juan Avenue delivers an opportunity unlike anything else on the market.

548 & 550 W San Juan Avenue, Phoenix
$985,000
7015971 MLS
Welcome to a truly exceptional and rare real estate opportunity! Single story 4 bed/3 bath mainhome with 2 additional detached rental units on property. Don't miss your chance to acquire this fully remodeled, permitted triplex-a property that defines 'turnkey' and offers income-generating potential. Whether you're the Savvy Investor looking for a remodeled, clean income-generating property or a Smart Owner-Occupant that lives in a 4-bed main house and rents out rental units to offset the mortgage. 27th Street is a Money Maker in multiple ways. The main house yard is large enough to build even more if desired. Each unit has its own private yard, entrance, and parking. This prime location provides easy access to Phoenix Downtown, Airport and Shopping.

2221 N 27th Street, Phoenix
$634,000
7014247 MLS
DO NOT DISTURB TENANTS!!! 48HR MIN NOTICE. LANDLORDS HAVE CONTINUOUSLY IMPROVED THE PROPERTY SINCE THEY'VE OWNED THEM. ASK FOR A LIST OF UPDATES. PERFECT FOR OWNER OCCUPANCY ON ONE AND RENT THE OTHER 2; AS THE LEASES ARE EXPIRING IN JUNE. PLEASE NOTE THAT THE TENANTS WOULD LOVE TO EXTEND THEIR LEASE AS THEY HAVE BEEN LOYAL RENTERS. THESE ARE 2 SEPARATE BUILDINGS. THE FRONT BUILDING IS A STAND ALONE UNIT AND A LITTLE LARGER. THE REAR BUILDING HAS 2 ATTACHED UNITS. EACH OF THE 3 UNITS HAS 2 BEDROOMS & 1 BATH ALONG WITH A COVERED PARKING SPOT, STORAGE/LAUNDRY ROOM & A GENEROUS SIZED BACK YARD. THESE BUILDINGS ARE SOLID SLUMP BLOCK BUILT THAT ARE IN GREAT CONDITION THAT CAN CONTINUE TO STAND THE ARIZONA HEAT WITH PROPER CARE & MAINTENANCE FOR A LONG LONG TIME!

1615 W Desert Cove Avenue, Phoenix
$850,000
7003581 MLS
Fantastic investment opportunity in a gorgeous historic neighborhood near the Arizona State Capitol in the heart of Central Phoenix. This well-maintained fourplex features 4 beautifully remodeled efficiency units, consistently in demand with both short- and long-term tenants. Each fully furnished unit offers a private kitchenette w/ stainless steel gas range, refrigerator, & microwave, along with a well-appointed bathroom w/ shower. Windows in the property were replaced approximately 4 years ago. Property includes an inviting front porch and a detached one-car garage with water plumbing, offering potential for conversion into a fifth rental unit. Ideally situated on a peaceful, tree-lined street close to dining, shopping, sports venues, and entertainment. Buyer to verify all information.

1317 W Monroe Street, Phoenix
$1,950,000
6997176 MLS
1017 -1031 E Fairmount is an 8-unit apartment community located in the highly desirable Midtown Phoenix submarket. Built in 1966, The unit mix consists of (3) 1x1 units, (3) 2x1 units, and (2) 2x1.5 units, with an average rent of $1,528. 6 of the 8 units have been fully renovated with thoughtful, durable improvements including luxury vinyl plank flooring, quartz countertops, workstation-style extra-wide sinks, mini range hoods, updated light fixtures, and refreshed bathrooms featuring new tubs, tile backsplash, and modern vanities. All units offering in-suite washer/dryer or dedicated W/D access. The property also features large private front and backyards, 3 private garages, 2 covered carport spaces, and lush landscaping. 6.03% cap rate on current financials.

1021 E Fairmount Avenue, Phoenix
$1,699,000
6993194 MLS
Uptown PHX 9-unit complex spread out over close to a 25,000-sf lot with R-3 zoning. 7.2 CAP off 2025 P&L w/ 100% occupancy. Nice pocket north of Camelback Road, 1 mile east of GCU & 1/2 mile east of the I-17. Opportunity Zone. Hard to find SELLER FINANCING available but not required (6% interest-only with 30% down in 1st position only). Fully upgraded & fully stabilized. 2025 P&L of $122,000 NOI. Seven buildings. The unit mix consists of (2) two-bedroom units; (4) one-bedroom units; & (3) bigger studio units. The jumbo lot/zoning offers density & additional value potential. Over $250,000 in renovations just a few years ago.

5035 N 23rd Avenue, Phoenix
$699,000
6993109 MLS
Exceptional investment opportunity in the heart of Phoenix! This duplex offers versatility, strong rental potential, and multi-generational living options. Zoned multifamily and qualifying for both FHA and conventional financing, this property is ideal for investors seeking cash flow or owner-occupants looking to offset their mortgage by living in one unit and renting the other. Complete roof replacement in 2026. Unit 1 (Approx. 750 SF) was fully remodeled in 2019 with modern finishes to include wood-look porcelain tile flooring, contemporary concrete countertops, two-toned accented cabinetry with brushed gold hardware and faucet, white subway tile backsplash, updated fixtures, lighting and ceiling fans. Stainless steel appliances include a stove, refrigerator, and microwave. The bathroom features an upgraded vanity and hardware. A sliding Arcadia door opens to a private backyard retreat. Unit 2 (Approx. 900 SF) offers a spacious 2-bedroom, 1-bath layout with vaulted ceilings and stylish block accent walls. Interior upgrades were completed in 2015, with new tile flooring installed in 2020. The kitchen features granite countertops, distressed wood cabinetry, stainless steel appliances (stove, refrigerator, dishwasher, microwave), and modern hardware. A bonus room provides flexible space for an office, den, or additional storage. In 2023, this unit received a new A/C unit, new dryer, painted kitchen cabinets, and additional upgrades. Both units include dual-pane windows, blinds, private paver patios, private storage, and two covered carport spaces at the rear. The expansive yard features low-maintenance desert landscaping, offering privacy and additional outdoor enjoyment. Located near Downtown Phoenix and surrounded by premier amenities including Biltmore Fashion Park, Camelback Colonnade, Encanto Park, Phoenix Mountains Preserve, Heard Museum, Phoenix Art Museum, and the iconic The Clarendon Hotel. Convenient access to major medical centers including Phoenix Children's Hospital, Banner University Medical Center Phoenix, St. Joseph's Hospital and Medical Center, and the Phoenix VA Health Care System makes this an ideal rental location for medical professionals and students. Easy access to light rail, Sky Harbor Airport, and SR-51, I-10, and Loop 202 freeways enhances long-term desirability.

3817 N 9th Place, Phoenix
$1,385,000
6989939 MLS
East Taylor is a 10-unit, garden-style multifamily community located in the urban core of Phoenix. Built in 1943, the property consists entirely of one-bedroom/one-bath units with durable tile or vinyl flooring and has benefited from ongoing capital improvements. The asset offers clear value-add potential through interior modernization, addition of private yard spaces, and covered parking to support rent growth. Amenities include gated access, on-site laundry, and off-street parking. Positioned near Phoenix Sky Harbor International Airport, Valley Metro Rail, and Valleywise Health Medical Center, the property benefits from strong workforce housing demand. Located within a designated Opportunity Zone, it presents both income growth and long-term tax advantages.

2238 E Taylor Street, Phoenix
$725,000
6989127 MLS
Turnkey cash-flowing fourplex in a prime Phoenix location! This fully renovated property is a low-maintenance gem with all major upgrades handled: brand-new roof, all HVAC units replaced under current ownership, new water heaters, and a freshly painted exterior. Excellent unit mix consisting of (1) 3BD/2BA unit, (2) 3BD/1BA units and (1) 2BD/1BA unit. Every unit is updated with modern finishes, including LVP or tile flooring (no carpet) and ceiling fans. Spacious layouts feature full appliance packages and private balconies/patios. Rare four-car garage provides dedicated tenant parking and storage. Ideally located near the I-17 for fast access to Downtown Phoenix, GCU, and Glendale events. Meticulously maintained with strong tenant demand. Perfect for a 1031 exchange or owner-occupant!

3302 W Northern Avenue, Phoenix

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