322 N 11TH Place Active Save Request In-Person Tour Request Virtual Tour
Phoenix,AZ 85006
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision Marston Heights
MLS Listing ID 6755668
Maintenance Fees $24,014
Originating Board Arizona Regional Multiple Listing Service (ARMLS)
Year Built 1928
Annual Tax Amount $1,093
Tax Year 2023
Lot Dimensions 7500
Property Description
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.
Location
State AZ
County Maricopa
Community Marston Heights
Zoning R-5
Direction Take AZ-101 Loop N and AZ-202/AZ-202 Loop W to N 32nd St in Phoenix. Take exit 1C from AZ-202/AZ-202 Loop W. Take E Van Buren St. Turn right onto E Van Buren St. Turn right onto N 11th Pl.
Interior
Heating Electric
Cooling Electric
Flooring Ceramic Tile
Appliance Free-Standing Range,Dishwasher,Refrigerator,Microwave,Washer/Dryer
Exterior
Parking Features On Street
Community Features No Pool
Roof Type Composition
Total Parking Spaces 4
Building
Sewer Public Sewer
Water See Remarks
New Construction No
Schools
Elementary Schools Garfield School
Middle Schools Garfield School
High Schools North Canyon High School
School District Phoenix Union High School District
Others
Senior Community No
Tax ID 116-26-012
Acceptable Financing No Carry,Conventional,FHA,VA Loan
Listing Terms No Carry,Conventional,FHA,VA Loan