927 S 35th Avenue, Phoenix, AZ 85009
- $1,250,000
- Sold Price
- $1,250,000
- List Price
- $1,275,000
- Closing Date
- Dec 31, 2025
- Days on Market
- 102
- Status
- CLOSED
- MLS#
- 6924258
- City
- Phoenix
- Subdivision
- Tierra Verde
- Year Built
- 1950
Property Description
10-Unit Multifamily Investment Opportunity! This renovated and cash-flowing property is in a strong central Phoenix rental market, consisting of 8 one-bedroom/one-bath units and 2 studio units, all renovated around 2022-2023, modern finishes and several updated systems. Each unit is separately metered for electricity, reducing ownership expenses and simplifying management. Very low property tax expense on this one ($1,167/yr). This sale includes two parcels, with the north parcel at 921 S 35th Ave, offering a big space to work with—a rare opportunity for value-add expansion. The additional land provides space to build storage units, install vending machines, add a laundry facility, or develop additional income-producing amenities, significantly increasing future cash flow and property value. The property is fully occupied with month-to-month leases. Located near major employment corridors, transit routes, and downtown Phoenix, this property combines stable current income with long-term upside. Excellent turnkey investment with small development potential.
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Additional Information
- Elementary School
- Jack L Kuban Elementary School
- High School
- Carl Hayden High School
- Middle School
- William R Sullivan Elementary School
- Community Features
- No Pool
- Construction
- Block, Wood Frame, Stucco
- Cooling
- Central Air, Window/Wall Unit, Ceiling Fan(s)
- Electric
- APS, Individual Meter
- Heating
- Central, Window/Wall Unit(s)
- New Financing
- Conventional, 1031 Exchange, Cash
- Parking Features
- >1 Space Per Unit
- Roofing
- Composition, Rolled/Hot Mop
- Subdivision
- Tierra Verde
- Taxes
- $1,167
- Tax Year
- 2024
- Tenant Pays
- Electricity
- Units
- 10
- Water
- City Franchise
- Zoning
- [M-H] MULTI-FAM
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Listing courtesy of My Home Group Real Estate. Selling Office: Barrett Real Estate.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved.