138 N 10th Avenue, Phoenix, AZ 85007
- $355,000
- Sold Price
- $355,000
- List Price
- $355,000
- Closing Date
- Apr 09, 2025
- Days on Market
- 95
- Status
- CLOSED
- MLS#
- 6800415
- City
- Phoenix
- Subdivision
- H Grays Subdivision
- Year Built
- 1911
Property Description
STEADY CASH FLOW!! Cap Rate: 7.67%. Duplex located in the Woodland Historical District close to the Capital. There is 1 building, 2 one bedroom 1 bathroom units. They are approx 620 sq ft each. One unit is currently vacant. Tenant is month to month and desires to stay, rents can be raised. A lot of renovations and planning are going on in this up-and-coming area! Some of the Duplex improvements include a newer water heater, newer windows, newer plumbing, newer exterior paint and property sits on two lots. Property is zoned R5. Property has paved back alley access and parking. Plenty of accessible space in the back to build additional units * Fireplace is not finished never used. Property is sold as is. Such a fantastic vibrant location in downtown Phoenix. Come live on one side and rent out the other. With the R5 zoning add more units in back for additional rentable units, cash flow, and property value. Walking distance to downtown financial center, business district, major entertainment/sport venues, central city light rail system, parks, restaurants and fine dining. This is Downtown Phoenix, so so much going on down here!! ** R-5 mixed-use, multifamily zoning either residential or office or both. GOOD INFO: 2 1bedroom 1bath units both 620sqf *Both Tenants pay $1300.00 for rent, on a month to month. Utilities are included in their rents (water,trash,sewer, and APS electric) I pay just under $100 a month for water, trash, and sewer $1200 yearly. I pay approximately on an average about $300 a month $3300 yearly. SELLER IMPROVMENTS: - Outside paint is about a year and half old - building has had new plumbing put in with what they call pec piping. - water heater is about a year and half old - property sits on two lots - property is zoned R5 - property has paved back alley access and parking - plenty of accessible space in back to build additional units and parking - property is located in the Woodland Historical District and is also situated next to the Capital
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Additional Information
- School District
- Phoenix Union High School District
- Community Features
- No Pool
- Construction
- Painted, Block
- Cooling
- Ceiling Fan(s), Window/Wall Unit, Individual, 2 or More Units
- Electric
- APS, Master Meter
- Flooring
- Carpet, Ceramic Tile
- Heating
- Window/Wall Unit(s), 2 or More Units
- New Financing
- Conventional
- Parking Features
- Add'l Parking Avail, >1 Space Per Unit, <1 Space Per Unit, Carport
- Roofing
- Composition
- Sewer
- Public Sewer
- Subdivision
- H Grays Subdivision
- Taxes
- $695
- Tax Year
- 2024
- Units
- 2
- Water
- Master Meter
- Zoning
- R5
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Listing courtesy of DeLex Realty. Selling Office: West USA Realty.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved.