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Bell Properties
1220 S 10th Avenue, Phoenix, AZ 85007
- $299,900
- 11
- BD
- 60
- BA
- List Price
- $299,900
- Price Change
- ▼ $25,100 1786722364
- Days on Market
- 138
- Status
- ACTIVE
- MLS#
- 7037076
- City
- Phoenix
- Bedrooms
- 11
- Bathrooms
- 60
- Subdivision
- Daniels 2nd Addition
- Year Built
- 1940
Property Description
**HOT INVESTMENT OPPORTUNITY! CURRENTLY VACANT - 4 UNITS | ~$4,800+ POTENTIAL MONTHLY RENT | MAJOR RENOVATIONS ALREADY COMPLETED!** **Investors, don't miss this Central Phoenix opportunity!** This value-add 4-unit multifamily property offers incredible income potential with most interior renovations already completed. Finish the final improvements and unlock the property's full earning potential! The owner began extensive renovations but had to relocate overseas due to family and work commitments, creating an opportunity for the next investor to complete the project. **FOUR INCOME-PRODUCING UNITS:** - **3 Bed / 2 Bath:** Spacious front unit with beautifully renovated bathrooms and private laundry room. Market rent $1,900 - **2 Bed / 1 Bath:** Rear unit with renovated kitchen (shared laundry) Market rent $1,200 - **1 Bed / 1 Bath:** Rear unit with renovated kitchen (shared laundry)Market rent $999 - **Studio:** Additional rental income opportunity. Market rent $699 All three rear units feature private entrances for added tenant privacy. **WHY INVESTORS WILL LOVE IT:** - **$4,800+ projected monthly rental income** once completed and stabilized. - Approximately **$30K-$35K in remaining improvements**, including new electrical panel, HVAC for all four units, appliances, and water heaters. - Separate electrical meters planned for individual utility billing. - Large rear storage room with additional rental income potential. - Approximately 3 onsite parking spaces plus street parking. - **Flexible purchase options!** Buy as-is or negotiate with the seller to complete improvements before closing. **PRIME CENTRAL PHOENIX LOCATION!** Convenient access to Downtown Phoenix, major freeways, employment centers, restaurants, shopping, and public transportation. **FOUR UNITS. MULTIPLE INCOME STREAMS. SIGNIFICANT UPSIDE.** Whether you're a seasoned investor or expanding your rental portfolio, this property offers an exciting combination of cash-flow potential, value appreciation, and long-term wealth building. **PRICED TO SELL -- BRING YOUR OFFER!** *Buyer to independently verify zoning, permits, unit configurations, measurements, renovation costs, rental projections, and all property information. Rental income is projected, not guaranteed.*
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Additional Information
- Elementary School
- Mary Mcleod Bethune School
- High School
- Central High School
- Middle School
- Mary Mcleod Bethune School
- Community Features
- No Pool
- Construction
- Wood Frame, Painted, Stucco
- Cooling
- Heat Pump
- Electric
- APS, Master Meter
- Flooring
- Ceramic Tile
- Heating
- Heat Pump, Varies by Unit
- New Financing
- Conventional, Other (See Remarks), No Carry, Cash
- Parking Features
- Carport
- Roofing
- Tile
- Sewer
- Public Sewer
- Subdivision
- Daniels 2nd Addition
- Taxes
- $1,480
- Tax Year
- 2025
- Tenant Pays
- Water, Sewer, Electricity, Gas, Trash Collection, Cable TV, Landscaping, See Remarks
- Units
- 4
- Water
- Master Meter, City Franchise
- Zoning
- residential
Courtesy of Kosh Realty. 602-550-4842
Copyright 2026 Arizona Regional Multiple Listing Service, All rights reserved. The data relating to real estate for sale on this website comes in part from the Arizona Regional Multiple Listing Service. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Arizona Regional Multiple Listing Service shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.