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Courtesy of Kosh Realty, Kiran Vedantam Listing Contact: 602-550-4842 
11 Beds
60 Baths

$299,900

1220 S 10TH Avenue, Phoenix AZ, 85007

Built in1940
Property typeMulti-family

Overview

Active

Listed Jun 4, 2026

Updated 8h ago

**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.*

$1,995/mo

Est. mortgage payment based on a $299,900 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
7037076

Interior Features

Bedrooms
11
Bathrooms
60
Cooling
Yes
Heating
Yes
Basement
No

Other Property Details

Taxes
$1,480
Tax Frequency
Annually
Maintenance Expense
$1,000

Courtesy of Kosh Realty, Kiran Vedantam

Listing Contact: 602-550-4842 

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 Sylvia Ray shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Not representative of the licensee’s transaction history. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.

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Data Last Updated: 3:28 AM UTC, 10/20/2026.

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