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3023 N 16th Street, Phoenix
$1,998,000
7027122 MLS

3023 N 16th Street, Phoenix
6249 N Litchfield Road, Litchfield Park
$645,000
4 Beds ⋅ 4 Baths ⋅ 7016981 MLS
THIS IS A 4-PLEX apart of 6-Unit Portfolio Opportunity (4-Plex + Duplex) | Tesla Corridor | Luke AFB | Potential $76,800+ Income Turnkey multi-family opportunity in one of the fastest-growing areas of the West Valley Turnkey multi-family opportunity in one of the West Valley's fastest-growing corridors. This 4-unit property delivers immediate income with long-term upside, positioned directly across from the Tesla Collision Center and minutes from Luke Air Force Base. Investment Highlights: Potential $43,200 Annual Gross Income $900/month per unit 5.4% Cap Rate. Strong, consistent rental demand (military + workforce housing) Location Strength: Direct frontage near Luke AFB (stable tenant base) High visibility along Litchfield Road Across from Tesla Collision Center (employment-driven demand) Rapidly expanding commercial and industrial growth corridor Property Features: Single-story 4-plex with private entrances Large lot with ample off-street parking Expansive rear/common area with utility access (visible in photos) Low-maintenance desert landscaping Solid block construction Functional layouts with upside through cosmetic upgrades Value-Add Potential: Below-market rents ' opportunity to increase income Space for improved tenant amenities (outdoor seating, storage, etc.) Strong candidate for long-term hold or portfolio expansion Income Upside Analysis (Pro Forma): Current: * $900 × 4 units = $3,600/month * Annual = $43,200 Scenario 1 - Moderate Increase ($1,050/unit): * $1,050 × 4 = $4,200/month * Annual = $50,400 * + $7,200/year increase Scenario 2 - Market Alignment ($1,200/unit): * $1,200 × 4 = $4,800/month * Annual = $57,600 * + $14,400/year increase

6249 N Litchfield Road, Litchfield Park
3319 N 66th Street, Scottsdale
$1,050,000
5 Beds ⋅ 25 Baths ⋅ 7014563 MLS
Prime multifamily investment opportunity in Scottsdale 85251 in the highly desirable Holiday Park area near Old Town Scottsdale. 3319 N 66th St is a well-located 5-unit property featuring a strong mix of units (buyer verify exact configuration). The property offers approximately 3,200 SF of building space on an 8,000 SF individually parceled lot with covered parking and on-site laundry. Located directly across from Paiute Park, the asset benefits from strong tenant demand, walkability, and proximity to dining, shopping, entertainment, and major employment centers. Stable in-place tenancy with long-term upside through interior upgrades and rent repositioning. Ideal value-add opportunity in a high-demand Scottsdale rental corridor offering both cash flow and long-term appreciation potential.

3319 N 66th Street, Scottsdale
13331 W Indian School Road Unit 203, Litchfield Park
$895,000
7014315 MLS
Professionally built-out office environment within a modern retail condo development located along high-traffic Indian School. The combined suites function as a single contiguous space, ideal for professional or service-oriented users seeking a turnkey office layout. The space is configured with 9 private offices, conference space, reception/waiting area, breakroom, & private restrooms, providing a functional layout suitable for a variety of business uses. Interior finishes are well maintained & the suite benefits from abundant natural light and convenient on-site parking. The property is positioned within the growing Litchfield Park market, surrounded by established & expanding residential communities. Visibility is enhanced by building signage & full-size monument sign on Indian School.

13331 W Indian School Road Unit 203, Litchfield Park
2925 N 38th Street, Phoenix
$900,000
17 Beds ⋅ 10 Baths ⋅ 7013792 MLS
FULLY REMODELED UNITS! This multi-family property presents a strong, turnkey investment opportunity with immediate and reliable cash flow. The asset consists of four units, including two 2 bedroom 2 bath units and two 1 bedroom 1 bath units, offering a desirable unit mix that attracts a broad tenant base. Each unit has been thoughtfully upgraded with modern finishes, minimizing near term capital expenditures and reducing ongoing maintenance concerns. The 2 bedroom units average approximately 850 square feet, while the 1 bedroom units offer around 700 square feet, providing efficient and highly rentable layouts. The property delivers excellent income performance, with all units renting at 1,200 per month, creating consistent and predictable revenue. This makes it an ideal opportunity investors seeking stable cash flow, strong rental demand, and a low maintenance asset. With its combination of renovations, solid in place rents, and appealing unit mix, this property is well positioned for long term appreciation and continued income growth.

2925 N 38th Street, Phoenix
1610 S College Avenue, Tempe
$700,000
4 Beds ⋅ 8 Baths ⋅ 7011374 MLS
*Motivated seller* Exceptional investment opportunity near Arizona State University with a strong rental history. Fully remodeled in 2024, this duplex features updated finishes throughout, a brand-new roof, and modern kitchens in both units with white shaker cabinets and granite countertops. Shared laundry room includes washer and dryer for tenant convenience. Both units are tenant occupied, providing immediate income. One unit is leased month-to-month, and unit 2 leased from 6/6/26-Dec 2026. Prime location near ASU supports consistent rental demand, making this an excellent option for investors, owner-occupants, or house hackers looking to expand their portfolio.

1610 S College Avenue, Tempe
6450 E Cave Creek Road, Cave Creek
$4,295,000
7010921 MLS
Turnkey Investment | 100% Occupied | Prime Location in Downtown Cave Creek Located in the heart of Cave Creek with stunning views of Black Mountain, this fully leased, mixed-use commercial building presents an outstanding investment opportunity. With 100% occupancy, it delivers immediate cash flow and long-term value in one of Arizona's most sought-after and rapidly growing markets. The property features a strong, diverse tenant mix including a modern gym, professional office suites, a high-energy MMA studio, and direct frontage along the new equestrian pathway--drawing steady local and visitor traffic. Private on-site parking enhances convenience for tenants and clients alike. As Cave Creek continues its expansion, the demand for quality, versatile commercial space is at a premiu

6450 E Cave Creek Road, Cave Creek
13437 N Litchfield Road, Surprise
$7,500,000
7010768 MLS
Prime commercial opportunity in Surprise, Arizona. This large commercial building, currently used as a religious facility, offers exceptional flexibility for a variety of potential uses. Featuring expansive interior space with clear heights ranging from 12' to 25', the property may be well suited for continued assembly use, a gym, event center, or other commercial applications. Excellent location in a growing area with strong accessibility and visibility.

13437 N Litchfield Road, Surprise
2111 E Main Street, Mesa
$899,900
7007179 MLS
MASSIVE PRICE DROP! !! Position your business or investment in a highly versatile commercial property located in a growing corridor of Mesa. It has General Commercial (GC) zoning with B and M occupancy uses. B (Business): Offices, professional services, administrative, and M (Mercantile occupancy): Retail, sales, customer-facing businesses. Large Showroom and office space with 2 private restrooms, a kitchen, and rear storage space. Perfect opportunity for an owner-user looking to stop leasing and build equity, or an investor seeking a flexible asset. Its prime visibility and easy access make it highly appealing to both customers and clients. Opportunities offering this level of flexibility and positioning are rare--don't miss your chance to secure a strategically located commercial prop Strategically located near key arterial corridors such as U.S. 60 and Loop 202, the site provides seamless access to the broader Phoenix metropolitan area. Its close proximity to established residential communities, retail hubs, and essential services supports a robust customer base and a readily available workforce

2111 E Main Street, Mesa
115 E Us Highway 85 Highway, Buckeye
$549,000
7005390 MLS
Rare investment opportunity in the heart of Buckeye with direct frontage on high-traffic US Highway 85. This versatile commercial campus features four distinct buildings on a single lot, providing a strategic mix of immediate stability and significant value-add potential. The property is strictly zoned for commercial use, making it an ideal fit for retail, professional offices, or service-oriented businesses looking for maximum visibility. Perhaps the most compelling feature of this offering is that the entire lot and all structures qualify for the City of Buckeye Catalyst Grant Program. This local incentive provides a unique path for the new owner to secure funding for property enhancements, facade improvements, and infrastructure upgrades, effectively accelerating the return on investment. Whether you are looking for a reliable income producer or a revitalization project backed by city incentives, this property offers the best of both worlds in one of the nation's fastest-growing corridors.

115 E Us Highway 85 Highway, Buckeye
545 E University Drive, Mesa
$349,000
7003440 MLS
This freestanding office building offers an exceptional opportunity for owner-users or investors seeking a well-located commercial asset. Situated on a heavily trafficked road, the property benefits from strong daily exposure and convenient access to surrounding business and residential areas. The building features fresh exterior paint, enhancing its curb appeal, along with attractive front yard landscaping complemented by low-maintenance desert plants. The site offers a functional parking layout with six private parking spaces located in the rear, as well as additional parking available in the front for clients and visitors. Inside, the property is well-suited for a variety of professional office uses. Inside, the property is well-suited for a variety of professional office uses. Previously occupied by a lending company and a small call center, the layout lends itself perfectly to businesses such as law firms, real estate offices, mortgage companies, insurance agencies, and other administrative or service-oriented operations. Conveniently located within close proximity to the Mesa Amphitheater and the Oakland Athletics Training Complex, the property is surrounded by key amenities and destinations that further enhance its appeal.

545 E University Drive, Mesa
2633 E Indian School Road Unit 410, Phoenix
$2,099,791
7003255 MLS
Incredible, 5,849sf professional office space new to the market. This space is literally move in ready with excellent top floor views to the north, south and west. Beautiful executive lobby, up to 12 extremely luxurious offices, 2 large conference/training rooms, and 2 or 3 break rooms/ copy areas as well as an existing open area currently set up for professional open workspaces. This space is truly unbelievable. Among the current amenities are immediate access from elevators and main core lobby, top position on massive monument sign on Indian School Road, private keyless secured entry, private security system, private camera system, private new mini split air conditioning system used for data room, 4 owned, specifically designated, covered and reserved parking spaces plus a large unreserved parking field available. Offices are fitted with all glass floor to ceiling or partial glass walls with metal frames and solid core or glass insert doors. New hard cap and 2x2 ceilings with energy efficient parabolic lighting, sophisticated flooring designs, terrific built ins... too much to mention.

2633 E Indian School Road Unit 410, Phoenix
6061 E Cave Creek Road, Cave Creek
$3,800,000
7001121 MLS
Excellent investment opportunity in the heart of town! This well-located commercial property features three separate buildings totaling approximately 7,200 square feet situated on a large lot with outstanding visibility and accessibility. The property is 100% occupied with established leases and offers a diverse mixed-use tenant base including retail, office, medical, fitness, spa, and restaurant users--providing strong and stable income. Positioned on a busy street with high traffic counts, the center benefits from excellent frontage, monument signage, strong foot traffic, and abundant on-site parking. The flexible layout also offers potential for an owner-user opportunity when space becomes available. This cash-producing retail center has historically maintained strong occupancy and continues to perform as a reliable income property. Incredible price for a fully leased investment property in a prime location. Don't miss this exceptional opportunity.

6061 E Cave Creek Road, Cave Creek
5035 N 23rd Avenue, Phoenix
$1,699,000
11 Beds ⋅ 9 Baths ⋅ 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
3302 W Northern Avenue, Phoenix
$725,000
11 Beds ⋅ 4 Baths ⋅ 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
510 N Horne --, Mesa
$4,450,000
50 Beds ⋅ 25 Baths ⋅ 6989104 MLS
The Riggs Circle Apartments consists of 25 units, all 2bed/1bath with private yards and washer/dryer in unit. The garden style property has covered parking and an on site pool for tenant amenities. 16 of the 25 units have now been renovated and the property is fully occupied.

510 N Horne --, Mesa
625 W Southern Avenue, Mesa
$1,295,000
6988907 MLS
Great income producing property zoned OC with a current CAP Rate of 5.95%. This is a TRUE NNN Lease! Current lease includes a 3% annual rent increase and also includes (2) optional 5yr extensions, each at a market rent rate determined at the time of renewal. The current Tenant acts as the property manager. If you are looking for an office building to occupy as an owner/operator, the Tenant is willing to terminate the lease and relocate. Excellent frontage to Southern Ave. Do not disturb the current tenant.

625 W Southern Avenue, Mesa
778 W Wickenburg Way, Wickenburg
$2,295,000
6980540 MLS
Seller-carry mixed-use investment at 760-778 W Wickenburg Way includes two commercial buildings leased to a national ambulance company on an NNN lease, six 1-bedroom apartments, three parcels and excess land. Five apartments are occupied; one is available for lease-up. Lease runs through 11/30/2028 with 3% annual increases and two 5-year options. Tenant reimburses property taxes and insurance. Seller carry available at 5% interest, 25-year amortization and 5-year term, subject to approval. Qualified Opportunity Zone location. Approx. 6,182 SF on 40,076 SF/0.92 acre. Current income after operating expenses is $121,654 with a 5.30% cap rate. Pro forma income after operating expenses is $147,041 with a 6.41% cap rate. Offered at $2,295,000, 760-778 W Wickenburg Way presents a diversified mixed-use investment combining commercial and residential income with additional development or expansion potential. The offering includes two commercial buildings, six one-bedroom apartments and three parcels totaling approximately 40,076 square feet, or 0.92 acre. The existing building area totals approximately 6,182 square feet. The commercial portion is leased to a national ambulance company under an NNN lease that began December 1, 2023, and continues through November 30, 2028. The lease includes contractual 3% annual rent increases and two additional five-year extension options. The tenant reimburses property taxes and insurance, helping limit the owner's exposure to these expenses. The residential component consists of six one-bedroom apartments. Five apartments are currently occupied, with one unit available for lease-up. The occupied apartments also generate utility reimbursement income. Leasing the remaining apartment provides an identifiable opportunity to increase income. CURRENT FINANCIAL PERFORMANCE: Effective Gross Income: $160,457 Operating Expenses: $38,803 Income After Operating Expenses: $121,654 Current Cap Rate: 5.30% PRO FORMA FINANCIAL PERFORMANCE: Gross Scheduled Income: $186,240 Other Income: $3,456 Vacancy Allowance: 1% Effective Gross Income: $187,799 Operating Expenses: $40,758 Income After Operating Expenses: $147,041 Pro Forma Cap Rate: 6.41% Seller financing is available at 5% interest, amortized over 25 years with a five-year loan term, subject to seller approval, buyer qualification and final loan documentation. The property is located within a federally designated Qualified Opportunity Zone and along Wickenburg's primary commercial corridor. The excess land may provide future expansion or development potential, subject to zoning, governmental approvals and independent buyer investigation. Buyer to independently verify all facts, figures, square footage, parcel information, rents, income, expenses, lease terms, zoning, development potential, Opportunity Zone eligibility and any other information material to the purchase decision. Buyer should consult independent legal, tax and financial advisors.

778 W Wickenburg Way, Wickenburg
8450 W Washington Street, Peoria
$464,900
6976749 MLS
3 parcels 142-41-006/ 007/ 008 with 3 buildings = 2593 sq ft, plus 40 cubic yard ocean going container on .3785 acre lot. Historic office building and gated/fenced storage facilities/workshops, covered workspace and apx 15+ parking spaces. Office has 5 rooms, 2 baths. Click above Documents Tab for Accepted Downtown District/Commercial Zoning Uses for this property = D/CM 21-622. Buyer to take ''as is'' with no warranties and Seller will do no cleanup or repairs.

8450 W Washington Street, Peoria
1120 S Dobson Road, Mesa
$2,595,000
6976358 MLS
Rare Opportunity on this former Sushi/Japanese/Karaoke bar and restaurant. Series 12 Liquor License! Heavily equipped for turn-key operation. Walk in Freezer. Maximum Occupancy 131 in the main dining space. Multiple Freezers and food storage facilities. This turn-key building is ready for new ownership, whether it be an entrepreneur or investor!

1120 S Dobson Road, Mesa
610 E San Juan Avenue, Phoenix
$895,000
5 Beds ⋅ 3 Baths ⋅ 6974438 MLS
Well-located duplex in Phoenix's Central Corridor offering a versatile residential and investment opportunity. The property features two separate residences consisting of a 2-bedroom, 1-bath unit and a larger 3-bedroom, 2-bath unit, each with private living spaces and thoughtful layouts. Recent improvements throughout the property deliver a clean, modern feel while maintaining long-term durability and ease of ownership. Currently fully occupied, this duplex provides immediate income with upside for future repositioning or owner-occupancy. Conveniently situated near dining, shopping, employment centers, and major transportation routes, this is a compelling option for buyers seeking stable cash flow in a highly desirable infill location.

610 E San Juan Avenue, Phoenix
4028 S 15th Street, Phoenix
$1,230,000
13 Beds ⋅ 13 Baths ⋅ 6972367 MLS
Turnkey investment opportunity with ALL units FULLY OCCUPIED! featuring a fully remodeled multi-building INCOME property with modern finishes throughout. Gated entry with remote access, plus ample parking with both covered and uncovered spaces. Well-maintained and ready for continued cash flow. Building One includes three apartments: one 2 bed/2 bath and two 1 bed/1 bath units, all with kitchens and W/D hookups. Buildings Two and Three offer four identical 1 bed/1 bath units with living rooms, kitchens, W/D hookups, and private back patioS! The property also includes two newer mobile homes with primary bedrooms, en-suite baths, and W/D hookups.

4028 S 15th Street, Phoenix
824 E Monroe Avenue, Buckeye
$530,000
6971436 MLS
Here it is the best building for that general store, or keep the current tenant who pays $2300 per month, Great opportunity to invest in Historical downtown.. Main Building has basement, 1872 sq ft, the 900 sq ft apartment with 2 car garage is rented out for $1275 per month. DO NOT DISTURB TENANTS. MAIN PROPERTY HAS SPRINKLERS AND HAS AN ADDITIONAL WATER STUB ON MONROE, HEAVY TRAFFIC FLOW.

824 E Monroe Avenue, Buckeye
214 E Centre Avenue, Buckeye
$545,000
14 Beds ⋅ 8 Baths ⋅ 6971241 MLS
DO NOT DISTURB TENANTS, Listing includes 212 E Centre, 214 E Centre Ave, 216 E Centre Ave & 309 S 3rd Street in Buckeye AZ.: hard to find multi family this property has 2 single family homes and 1 duplex building front Duplex 214 & 216 are 3bd, 1 ba, 1000 sq ft each, 309 is 720 sq ft, 2 bed, 1 ba, new roof and insulation, electrical panel and rewiring, Hot water heater 2018, new flooring 2016. Stand alone home 212 Centre is a 720 sq ft 3bd 1 ba. new a/c in 2018 hot water heater 2012, new stove in 2018, 2007 new fence for property, new flooring in 2016. a/c are 16 seer 2.5 ton. More updates. Flooring redone in 214 & 216 Centre 2025, Fresh paint 212,214 & 309 units 2025. 216 Centre's interior painted in Nov 2025, a new hot water heater installed 10/2025. 309 new hot water heater 10/205

214 E Centre Avenue, Buckeye
1747 E Virginia Avenue, Phoenix
$865,000
8 Beds ⋅ 4 Baths ⋅ 6969126 MLS
**Now offering seller financing** 4-unit multifamily opportunity located in Phoenix, AZ. Built in 1971, the property features 100% 2-bedroom, 1 bath units, all of which have been renovated with granite counter tops, white shaker cabinetry, stainless steel appliances, in-unit washer/dryer, and more. The community also features a private BBQ area and covered parking. Additionally, the property is within walking distance to Phoenix Children's Hospital and nearby other points of interest such as Downtown Phoenix and the Biltmore Fashion Park. With its close proximity to the hospital, there is potential to convert the units to mid-term rentals upon lease expiration, which typically yields a rent premium over traditional year-long leases.

1747 E Virginia Avenue, Phoenix
3232 N 66th Street, Scottsdale
$1,250,000
5 Beds ⋅ 10 Baths ⋅ 6959584 MLS
This turnkey, recently renovated Four Plex presents an exceptional investment opportunity in the heart of Old Town Scottsdale, one of the area's most desirable and high-demand locations. The property features a well-balanced unit mix of three - 1/bed, 1/bath units with luxury vinyl floors and one - 2/beds, 1/bath unit, with new tile floors. Each residence offering its own en suite laundry, and a private patio, enhancing tenant comfort and desirability. The complex also includes 4 on-site storage units, adding value to the property. Ideally located down the street from Paiute Park, and less than two miles from Old Town Scottsdale. The property offers easy access to Scottsdale Fashion Square, Spring Training facilities, premier dining, entertainment, shopping, the Phoenix Zoo, Botanical Garden, Sky Harbor International Airport, and world-class golf. Situated in a prime rental market known for strong demand and long-term growth, this fully rented multifamily asset represents a low-maintenance investment with consistent income potential. Don't miss this outstanding opportunity to own a Four Plex in one of Scottsdale's most sought-after neighborhoods.

3232 N 66th Street, Scottsdale
6209 E Main Street, Mesa
$1,500,000
6957042 MLS
MOTIVATED SELLER. A beautifully renovated, free-standing PAD building is now available for sale at the entrance of the Main Street Plaza Shopping Center. Featuring excellent frontage and visibility along Main Street in East Mesa, this property offers exceptional exposure and convenient accessibility. The building is fully occupied by two tenants--a 2,600 sq. ft. restaurant and a 1,400 sq. ft. nail salon--both providing steady and reliable cash flow. The sale price includes the fully equipped restaurant and nail salon, offering a turnkey investment opportunity and significant potential for continued growth in the rapidly developing surrounding area. The property also offers easy access to Freeway 60 and Loop 202.

6209 E Main Street, Mesa
686 N Tegner Street, Wickenburg
$950,000
6954961 MLS
Prime Commercial Investment Opportunity in Historic Downtown Wickenburg! Discover a rare chance to own 1.5 acres of prime commercial real estate in the heart of Wickenburg, AZ— a nationally recognized hub for team roping, tourism, and year-round visitors. This high-visibility corner lot attracts both local and out-of-town traffic, ideally positioned near a major roping arena, shopping and the town park, ensuring strong daily activity and consistent foot traffic. The property features 2,178 sq ft of total building space, including a charming, fully operational restaurant currently leased and operating as a successful BBQ establishment. With its western character, mature shade trees, and spacious layout, the restaurant offers incredible long-term potential for continued rental income or future owner-operation. Above or adjacent to the commercial space sits a separate, 1-bedroom apartment, also tenant-occupiedproviding additional rental revenue and expanding the versatility of the investment. Adding to the functionality of the property are three separate office/storage spaces, ideal for management, supplies, storage, or future expansion opportunities. The large on-site parking lot comfortably accommodates customers, staff, and event traffican invaluable feature in Wickenburg's bustling downtown corridor. Whether you're an investor looking for income-producing property, a business owner seeking a flagship location, or a visionary ready to shape the next standout destination in Wickenburg, this commercial parcel offers unmatched potential and flexibility. Opportunities like this rarely hit the marketsecure your stake in Wickenburg's thriving historic district today!

686 N Tegner Street, Wickenburg
822 E Carol Avenue, Phoenix
$749,000
5 Beds ⋅ 4 Baths ⋅ 6952059 MLS
Fully occupied fourplex at the end of a cul-de-sac in East Sunnyslope, offered at $749,000. Three 1BR units and one 2BR unit feature slump-block construction, ceramic-tile interiors and private fenced patios or yards. A new asphalt-shingle roof with a reported transferable warranty and low-maintenance landscaping support ownership. Current OM underwriting shows $33,573 normalized NOI and a 4.48% cap rate; the market-rent pro forma shows $45,727 NOI and 6.11%. Convenient access to SR-51 and Central Phoenix employment, healthcare, shopping and recreation. No seller financing. Do not disturb tenants. Buyer to verify rents, expenses, condition, warranty and all information. 822 E Carol Avenue is a four-unit property in East Sunnyslope with three one-bedroom residences and one two-bedroom residence. All four are reported occupied. The approximately 1,776-SF building occupies an approximately 6,970-SF site. Features include slump-block construction, ceramic-tile interiors, private fenced patios or yards, low-maintenance desert landscaping and a new asphalt-shingle roof with a reported transferable warranty. The current OM uses its July 2026 rent schedule: $3,565 monthly base rent plus $225 monthly utility reimbursements, totaling $3,790. Annual base rent is $42,780 and reimbursements are $2,700, producing $45,480 gross potential income. A 3% economic vacancy allowance produces approximately $44,116 effective gross income, despite reported 100% physical occupancy. Normalized current expenses total $10,543: taxes $766, insurance $1,748, management $3,529, repairs $1,200, water/sewer/trash $2,300, landscaping $400 and other expenses $600. Current normalized NOI is $33,573, a 4.48% cap rate at the $749,000 asking price. These are underwriting assumptions and should be reconciled with current leases, collections and invoices. The illustrative market-rent case assumes $1,100 monthly for each one-bedroom unit and $1,400 for the two-bedroom unit. Reimbursements remain $2,700 annually; economic vacancy remains 3%; management remains 8% of effective gross income. Pro forma effective gross income is $57,327, expenses are $11,600 and NOI is $45,727, producing a 6.11% cap rate. Future rent changes are subject to existing leases and market conditions. The location offers access to SR-51, Central Phoenix employment, healthcare, retail and mountain recreation. Seller financing is not available. Please do not disturb tenants. Complete tenant leases are provided only after the property is under contract to protect tenant privacy. Disclaimer: Information is believed reliable but is not guaranteed. Buyer must independently verify all facts, figures, income, expenses, leases, occupancy, measurements, condition, zoning and permitted uses. Pro forma rents, returns and financing illustrations are estimates, not guarantees. Offering is subject to errors, omissions, prior sale, changes in price or terms and withdrawal without notice.

822 E Carol Avenue, Phoenix
1229 E Spence Avenue, Tempe
$1,299,000
6950797 MLS
Rare opportunity to purchase a R-4 (High Density) zoned multi family land and homes with frontage on Spence Ave in the heart of ASU campus. Listing included two residential houses, next to each out, zoned for high density multifamily. Nestled in a robust infill Arizona State location, this property is a beacon for savvy investors seeking unparalleled opportunities. Walk to Campus. Unmatched demographics include over 350,000 population count within a five-mile radius. Parcel numbers 133-09-045 and 133-09-055 **Buyer to verify all facts, figures, schools & measurements**

1229 E Spence Avenue, Tempe

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