322 N 11th Place, Phoenix, AZ 85006
Local realty services provided by:ERA Brokers Consolidated
322 N 11th Place,Phoenix, AZ 85006
$847,000
- - Beds
- - Baths
- - sq. ft.
- Multi-family
- Active
Listed by:natalia yalin
Office:exp realty
MLS#:6755668
Source:ARMLS
Price summary
- Price:$847,000
About this home
Comprehensively RENOVATED 4 UNITS Short-Term Rental in PRIME Phoenix LOCATION on R-5 zoning. Cap rate 10.6%. 2024 average occupancy rate 93%, Airbnb rating 4.85 out of 5!
UNITS: One 2 BD-1BA and Three Studios. Every unit has its OWN kitchen, bathroom and a separate PRIVATE ACCESS. 2 BD unit has it's own Landry with washer and dryer. The backyard is a common space for all guests with a Grill, Fire pit, Hammock and a separate Laundry shed. Cleaning and maintenance crews use another outside shed for supplies. Each unit uniquely renovated and staged, designed to appeal to a broad range of tenants—perfect for maximizing occupancy rates and income potential! HIGH DEMAND LOCATION ensures a CONSISTENT pool of TENANTS! Just minutes walking from ASU, Chase Field and The Van Buren and Convention center. 7 min driving to the airport. It is an ideal destination for visitors!
This property is a TurnKey Investment! Renovation has been completed with meticulous attentions to details and orientation to tenants satisfaction. The quality of this reno allow investors expect IMMEDIATE rental INCOME without the hassle of further improvements!
R-5 Multiple Family Residence Zoning provides flexibility for future expansion or development, and enhancing the property's long-term investment potential.
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Home facts
- Year built:1928
- Listing ID #:6755668
- Updated:September 17, 2025 at 03:05 PM
Heating and cooling
- Cooling:Electric
- Heating:Electric
Structure and exterior
- Year built:1928
Schools
- High school:North Canyon High School
- Middle school:Garfield School
- Elementary school:Garfield School
Finances and disclosures
- Price:$847,000
- Tax amount:$1,093 (2023)
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