6225 10Th Pl Phoenix, AZ 85014

Property Details for 6225 10Th Pl

Year built

1959

Property size

2,380 SF

Property type

Commercial real estate

APN

161-13-076

Description

This exceptional value-add opportunity presents a 4-unit apartment building located at 6225 N 10th Pl, Phoenix, AZ 85014, in Maricopa County. The property, built in 1959, boasts a total of 2,380 square feet situated on an 11,892 square foot lot. Currently operating at 100% occupancy, this single-story building is zoned R3, offering significant potential for future development or renovation. The property features four units within a single building, presenting a manageable investment for an owner-operator or seasoned investor. The asking price is $899,000, with a pro-forma Net Operating Income (NOI) of $28,895. This translates to a strong return on investment, making it an attractive proposition in the competitive Phoenix market. The property's prime location in the highly sought-after north Central Corridor area provides easy access to freeways, public transportation, shopping centers, and a variety of restaurants. The property's APN is 161-13-076 and is offered as a fee simple ownership. This is a rare opportunity to acquire a well-located, income-producing multifamily property with significant upside potential. The property's strong cash flow and desirable location make it an ideal addition to any investment portfolio. Serious inquiries are encouraged.