Listing Agency: The Broker Reserve LLC

Listed By: Hudson D Robison · License #BR692045000 Show Phone

Source: Karensauer

Added: Oct 16 Last Checked: Oct 16 at 2:04PM

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Investment Insights

Based on property information with market context.

This 10-unit apartment property in Phoenix has undergone a full renovation, including updates to its electrical systems and wiring. The asset occupies two contiguous parcels and is reported as fully occupied.

Key Highlights

• 10 residential units
• 100% occupancy
• Located across two contiguous parcels

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Law Firm Computer & Electronic Repair Daycare Center (Bike/Boat/Book/etc) Store Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

10

Residential units

100%

Occupancy

Location Intelligence

Trade Area within ½ mile

1,956

Businesses Nearby

Explore this area Business Placement

Demographics for 85020, AZ

34,534

Population

18,231

Households

1.9

Avg Household Size

43

Median Age

43%

College-Educated

90%

High-School Grad

8.8 sq mi

ZIP Area

3,924

Density / Sq Mi

$78,412

Median Household Income

$48,230

Median Earnings

$1,389

Median Rent

$400,800

Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

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Frequently Asked Questions

What type of property is this?

Apartment building - The fully occupied multifamily property spans two adjoining parcels and includes updated electrical systems.

Where is this apartment building located?

The property is located at 8910-8912 N 3rd Street Phoenix, AZ.

What is the asking price?

The asking price for this property is $1,299,000.

What are key features of this property?

This property features: 10 residential units; 100% occupancy; Located across two contiguous parcels