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$845,000
7 Beds ⋅ 404 Baths ⋅ 6935184 MLS
100% occupied - immediate income from all three residences Three-unit property - two three-bedroom units plus one casita $4,995 in total scheduled monthly income $19,219.29 in seller-reported recent improvements New 125-amp electrical panel and service upgrades Updated kitchens and bathrooms with attractive finishes Interior paint, doors, hardware, lighting and ceiling-fan improvements Individual washer and dryer in each unit Private residential setting with a shared BBQ and gathering area Strong North Phoenix location with established rental demand R-3 zoning on approximately 13,375 square feet of land Turnkey investment opportunity offering current stability and long-term potential Welcome to 316-322 E Vogel Ave, a fully occupied North Phoenix triplex offering immediate income, a desirable residential layout and substantial recent improvements. The property consists of two spacious three-bedroom residences plus one casita, providing a diversified unit mix that appeals to a broad tenant base. The current rent roll reflects $4,745 in monthly base rent plus $250 in utility and pet fees, producing total scheduled income of $4,995 per month, or $59,940 annually. All three residences are currently occupied, allowing an investor to acquire an income-producing property without an initial lease-up period. PROPERTY HIGHLIGHTS " Fully occupied three-unit investment " Two three-bedroom residences plus one casita " Approximately 3,691 square feet of building area " Approximately 13,375 square feet of land " R-3 multifamily residential zoning " Individual residential buildings offering tenants added privacy " Individual laundry facilities " Shared outdoor BBQ and gathering area " Convenient North Phoenix location within the 85020 ZIP code RECENT PROPERTY IMPROVEMENTS The most recent seller-provided capital-improvements summary reports $19,219.29 in repairs and upgrades. Improvements include: " New 125-amp electrical panel and electrical-service improvements " Interior repairs, texture and two-tone paint " Interior doors, closet doors, locks and hardware " Window repairs and replacement blinds " Kitchen cabinet refinishing, faucets, hardware and related improvements " Bathroom mirrors, accessories, fixtures and tub refinishing " Updated lighting and ceiling fans " Smoke and carbon-monoxide detectors " Garage motor and remote replacement " Sliding-door and closet improvements " General cleaning, safety and property-condition improvements The residences also feature updated kitchens and bathrooms, modern appliances, refreshed interiors and a combination of attractive tile and updated flooring. OUTDOOR AND STORAGE FEATURES A shared outdoor BBQ and gathering area provides residents with a comfortable space to relax and enjoy Arizona's outdoor lifestyle. Mature trees, shaded areas, brick walkways and low-maintenance landscaping contribute to the property's residential character. The property also includes two large gray storage sheds behind the casita and one permanent storage structure. These structures may provide additional storage utility or potential ancillary income, subject to buyer verification, lease terms and applicable municipal requirements. Seller has indicated that stored contents will be removed before closing. INVESTMENT OPPORTUNITY 316-322 E Vogel Ave combines full occupancy, three separate living environments, an established income stream and recent capital improvements. The mix of two three-bedroom units and one casita provides diversification while the separate-building configuration offers residents privacy that is uncommon in many small multifamily properties. This property may be well suited for an investor seeking an occupied North Phoenix multifamily asset with recent improvements and long-term income potential. Buyer to independently verify the rent roll, leases, income, expenses, improvements, permits, storage uses, property condition and all other facts and figures.

316 E Vogel Avenue, Phoenix

Courtesy of Gerchick Real Estate. 602-688-9279

$720,000
8 Beds ⋅ 8 Baths ⋅ 6861620 MLS
Prime Mesa Investment Opportunity! This 4-plex offers 4 spacious 2-bed, 2-bath, 1000sqft units with strong upside potential. First-floor units boast remodeled kitchens, all-tile floors, and large fenced yards. Upstairs, Unit D features vinyl floors and a remodeled kitchen; Unit C has a remodeled kitchen, laminate in living areas, and carpeted bedrooms. Most windows upgraded to vinyl dual-pane. Separate laundry building with owned coin machines generates ~$1,500/yr, plus tenant storage. Long-term tenants at below-market rents offer significant rent increase potential. Steps from light rail. Owner pays water, sewer, trash, and laundry power. See APOD in docs. Buyer/agent to verify all info. Act now for great cash flow potential!

1138 E 2nd Street, Mesa

Courtesy of Professional Real Estate Negotiators. 480-684-3084

$569,900
8 Beds ⋅ 8 Baths ⋅ 6855967 MLS
Fourplex FOR SALE in the heart of North Phoenix just minutes from the Desert Ridge Marketplace, SR 51, local schools and parks, shopping, and many other attractions. This deal perfect for an occupant! VA ASSUMABLE loan, see remarks. The unit mix is: one 1bed/1bath unit, one 2bed/2bath unit, one 2bed/1.5 bath TH style unit, & one 3bed/3bath unit. All units have generous square footage along w/ W/D hookups. Each unit has outdoor space w/ either a ground level patio or a balcony. Monthly HOA dues INCLUDE: common area maintenance, landscaping, community pool, parking enforcement, & gated access w/ fob entry. 3 of 4 units occupied w/ good paying tenants, all MTM. DO NOT Disturb Tenants. Drive By ONLY. See documents tab, rents in attachment & listed in MLS are actual. Indiv. metered for water.

2844 E Monte Cristo Avenue, Phoenix

Courtesy of ROI Asset Management Solutions. 602-770-8063

$1,334,000
5 Beds ⋅ 4 Baths ⋅ 6810283 MLS
Welcome to this beautifully remodeled 4-plex located in the heart of vibrant Midtown Phoenix, currently operating as a successful CASH FLOWING Airbnb! Each unit has been thoughtfully updated with modern finishes while maintaining the charm of the original architecture. The spacious and well-maintained grounds offer ample parking and a community courtyard for relaxation. The location is ideal for short-term rentals, with close proximity to downtown Phoenix, popular local eateries, art galleries, and public transit. Whether for long-term tenants or vacationers, this 4-plex provides high rental demand in one of the city's most desirable areas.Currently being utilized as a successful Airbnb, this property generates consistent income with a strong track record of bookings, making it a perfect investment opportunity. Gross Profits for 2024 were $121,606, additional opportunity to potentially add additional units, single level, No HOA, LOW TAXES of $1490 for 2024. Biltmore/Arcadia Adjacent! ALL FURNITURE IS INCLUDED! Shared laundry on site! Don't miss out on this exceptional property in one of Phoenix's most sought-after neighborhoods!

939 E Turney Avenue, Phoenix

Courtesy of AZREAPM. 602-712-9500

$525,000
3 Beds ⋅ 3 Baths ⋅ 6658575 MLS
Occupied duplex plus a separate rear development parcel at 8916 and 8918 N 11th St, offered together at $525,000. The duplex has one 2BR/1.5BA and one 1BR/1BA residence, totaling approximately 1,865 SF. Both rent for $1,200 monthly, providing $28,800 annual scheduled rent. Current OM expenses of $7,926 produce $20,874 NOI and a 3.98% cap rate. Planning materials depict a proposed rear fourplex of approximately 3,710 SF. Plans are marked Not for Construction; no active building permit is represented. Future development income and costs are excluded from current returns. Buyer to verify parcels, zoning, approvals and feasibility. No seller financing. Do not disturb tenants. 8916 & 8918 N 11TH STREET - DETAILED SUPPLEMENTAL INFORMATION OFFERING OVERVIEW: Unique two-parcel investment and development opportunity in the established Sunnyslope area of North Central Phoenix. The offering combines a fully occupied duplex at 8916 N 11th Street with a separate rear R-4 parcel identified in the available plans as 8918 N 11th Street. The existing duplex provides immediate rental income while a buyer evaluates the available planning and engineering materials for a proposed four-unit residential development on the rear parcel. Asking price is $525,000. No seller financing is available. EXISTING DUPLEX: The approximately 1,865-square-foot duplex is 100% occupied and contains two separately metered residences. Unit A is approximately 1,066 square feet with two bedrooms and 1.5 bathrooms. Unit B is approximately 799 square feet with one bedroom and one bathroom. Each residence is currently rented for $1,200 per month, producing $2,400 in total monthly scheduled rent and $28,800 in annual scheduled rent. Current underwriting reflects $7,926 in annual operating expenses, $20,874 NOI and a 3.98% capitalization rate based on the full $525,000 offering price for both parcels. Tenants pay separately metered electricity and cable. All income, expenses, measurements and occupancy information must be independently verified by buyer. PARCEL INFORMATION: The front duplex parcel is identified as APN 160-02-067. The separate rear parcel is identified in the available plans as APN 160-02-068. Combined gross land area is approximately 14,263 square feet, or 0.327 acre. Parcel dimensions, boundaries, legal descriptions, access, easements, zoning and total land area must be independently confirmed through title, survey, assessor records and the City of Phoenix. PROPOSED FOUR-UNIT CONCEPT: Available plans contemplate a two-story, four-unit residential project on the rear parcel consisting of two 2-bedroom/2-bath residences and two 3-bedroom/2.5-bath residences. The concept totals approximately 3,710 square feet and depicts 10 proposed parking spaces, including an accessible space. The plans reference R-4 zoning and Type V-B sprinklered construction. These are proposed improvements only and have not been constructed. PLANNING, ENGINEERING AND DEVELOPMENT MATERIALS COMPLETED OR AVAILABLE: 1. Fourplex site plan dated August 28, 2024, with a preparer signature dated August 27, 2024. 2. Fifteen-page architectural drawing set dated October 22, 2024. Drawings are marked "Not for Construction," and approval stamps are blank. 3. Landscape-plan sheets prepared for the proposed development, dated March 19, 2021. 4. Geotechnical investigation report dated May 7, 2021. 5. City geotechnical special-inspection forms associated with the available geotechnical materials. 6. Water and sewer engineering estimate dated February 22, 2021. Utility availability, capacity, current pricing and remaining work require verification. 7. Sidewalk easement materials dated October 19, 2021. 8. Legal-description materials for the rear parcel. 9. Parcel-map, site-layout and available boundary or survey-related materials. 10. Property photographs, maps and site information illustrating the relationship between the occupied duplex and rear development parcel. 11. Available variance-related documents referencing ZA-539-18-3 and ZA-524-20. Current validity or renewal has not been established. 12. Available planning, architectural and engineering work product relating to the proposed four-unit concept. EXISTING PROPERTY AND FINANCIAL MATERIALS AVAILABLE: 1. Current rent roll. 2. One-bedroom and two-bedroom rental-comparable information. 3. Available 2022 and 2023 general-ledger information. 4. Available 2024 monthly general-ledger information. 5. Available 2025 general-ledger and income-statement information. 6. Existing duplex floor plans and appraiser measurements. 7. Schedule of personal property. 8. Assessor parcel records and property-tax records. 9. Legal descriptions and parcel information. 10. Available survey or boundary information. 11. Offering memorandum and one-page property flyer. 12. Seller property-disclosure materials. 13. Residential seller property-disclosure form for one-to-four-unit properties. 14. Available home-warranty and insurance-loss information. 15. Market Conditions Advisory. 16. Lead-Based Paint Disclosure. 17. Federal Fair Housing Disclosure. 18. Residential purchase-contract addendum for one-to-four-unit properties. IMPORTANT DEVELOPMENT STATUS: The proposed fourplex is not shovel-ready or permit-ready. No active building permit is represented, and the architectural drawings are marked "Not for Construction." The available variances contain time-sensitive stipulations, and their current validity or renewal status has not been established. Landscape, geotechnical, utility and other older materials may require revision or updating. A complete current civil and construction-document package has not been established. A buyer should anticipate additional investigation, design, engineering, governmental review, approvals, permits and possible revisions. Remaining or unverified items may include variance renewal; City pre-application and plan-review confirmation; grading and drainage plans; fireline plans; private water and sewer plans; mechanical, electrical and plumbing plans; utility availability and capacity confirmation; access, parking and easement review; demolition documentation; permit-status verification; architect and engineer invoices; remaining professional fees; development-cost estimates; and final title, survey and legal review. The seller and listing broker do not represent that the available plans, reports, estimates, easements, variances or other work product are current, complete, transferable, approved or suitable for the buyer's intended use. Buyer must independently determine the condition, status, usability, cost and value of all materials and the feasibility of any proposed development. LOCATION: Located in the established Sunnyslope neighborhood near HonorHealth John C. Lincoln Medical Center, North Mountain Park and Preserve, neighborhood shopping, restaurants and services. A park is located across the street. Nearby Dunlap Avenue, Central Avenue, 7th Street and 12th Street provide convenient access throughout North Central Phoenix, with connections to State Route 51 and Interstate 17. TENANT-PROTECTION NOTICE: Tenant names, deposits, lease dates, lease documents and personally identifying tenant information are not publicly disclosed. Lease documents and protected tenant information will be made available to a buyer after the property is under contract and during the due-diligence period. All information is believed reliable but is not guaranteed and is subject to change. Buyer and buyer's representatives must independently verify all facts, figures, rents, expenses, NOI, capitalization rate, occupancy, measurements, parcel information, zoning, utilities, plans, reports, variances, easements, approvals, permits, costs and development feasibility.

8916 N 11 Street, Phoenix

Courtesy of Gerchick Real Estate. 602-688-9279

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