4019 10th St Phoenix, AZ 85014-5283

Property Details for 4019 10th St

Year built

1946

Construction

CONCRETE

Lot size

0.13 lot acres

Property size

1,350 SF

Zone code

M-M

Property type

Auto shops

APN

118-03-036

APU

11803036

Description

This exceptional commercial property presents a unique investment opportunity in the heart of rapidly gentrifying Midtown Phoenix. The offering encompasses two buildings situated on a combined 22,944 square foot lot, with addresses at 4019 N 10th St and 1002 E Fairmount Ave, both in the 85014 zip code. The property includes a multifamily component (a two-story duplex built in 1930, featuring two units in a garden-style configuration) and a high-visibility auto repair shop currently leased for $2400 per month, with the lease expiring October 2024. Recent upgrades include a new roof, updated electrical service, and security gates. The property is zoned R3, allowing for multifamily development, and presents a compelling redevelopment opportunity. The buildings total between 1,350 and 2,700 square feet, with current occupancy at 50%. The property is conveniently located near the Camelback Corridor, providing easy access to Town and Country Shopping Center and Camelback Colonnade Shopping Mall. This fee-simple ownership opportunity offers significant potential for future income growth and appreciation. The seller is offering owner financing with 20% down and a 5/30 amortization schedule. APN numbers are 118-03-035 and 118-03-036. This is a rare chance to acquire a mixed-use property in a prime location with significant upside potential.