AZ > Phoenix > Tierra Verde
Phoenix, AZ 85009,927 S 35TH Avenue
Phoenix, AZ 85009,927 S 35TH Avenue
Phoenix, AZ 85009,927 S 35TH Avenue
Phoenix, AZ 85009,927 S 35TH Avenue
Phoenix, AZ 85009,927 S 35TH Avenue
Phoenix, AZ 85009,927 S 35TH Avenue
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Jeff Dial

Jeff Dial

+1(480) 900-9180
$ 1,275,000
Est. payment | /mo
Save
$ 1,275,000
Est. payment | /mo
Save

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Subdivision Tierra Verde

MLS Listing ID 6924258

Maintenance Fees $4,000

Year Built 1950

Annual Tax Amount $1,167

Tax Year 2024

Lot Dimensions 148.02 x 123.03

Source Arizona Regional Multiple Listing Service (ARMLS)

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 development potential.

Location

State AZ

County Maricopa

Community Tierra Verde

Area Maricopa

Zoning [M-H] MULTI-FAM

Direction North on 35th Ave past Buckeye Rd. After Maricopa St property will be on your right.

Interior

Heating Central, Window/Wall Unit(s)

Cooling Central Air, Ceiling Fan(s), Window/Wall Unit

Flooring Vinyl

Appliance Free-Standing Range, Refrigerator, Microwave

Exterior

Parking Features Add'l Parking Avail, >1 Space Per Unit

Community Features No Pool

Roof Type Composition,Rolled/Hot Mop

Private Pool No

Building

Sewer Public Sewer

Water City Franchise

New Construction No

Schools

Elementary Schools Jack L Kuban Elementary School

Middle Schools William R Sullivan Elementary School

High Schools Carl Hayden High School

School District Phoenix Union High School District

Others

Senior Community No

Tax ID 109-58-050

Acceptable Financing Conventional, 1031 Exchange

Disclosures ALTA Survey Availbl

Listing Terms Conventional, 1031 Exchange

Arizona Regional MLS (ARMLS)

Copyright 2025 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

Listed by My Home Group Real Estate
Jeff Dial

+1(480) 900-9180

jd@jeffdial.com

17550 N Perimeter Dr # 100, Scottsdale, AZ, 85255, United States

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