927 S 35TH Avenue, Phoenix, AZ 85009

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.

Listing Status:

Active

Date Added:

October 24, 2025 at 05:00AM

Listing Office:

My Home Group Real Estate : 480-685-2760

Listing Agent:

Julian Tiege : 602-828-2502

MLS ID:

6924258

Interior

• Flooring: Vinyl
• A/C: Central AirCeiling Fan(s)Window/Wall Unit
• Heating: CentralWindow/Wall Unit(s)

Exterior

• Parking: Add'l Parking Avail>1 Space Per UnitParking spaces: 29

Construction

• Roofing: CompositionRolled/Hot Mop
• General: Wood FrameStuccoBlock

Location

• Road/Access: Asphalt
• Originating MLS: Arizona Regional Multiple Listing Service 2
• School District: Murphy Elementary District
• County: Maricopa

Lot

• Zoning: [M-H] MULTI-FAM10958050

Utilities

• Water: City Franchise
• Sewer: Public Sewer

Financial

• Source: Arizona Regional Multiple Listing Service 2

This listing courtesy of Julian Tiege, My Home Group Real Estate