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8910-8912 N 3rd St
Phoenix, AZ 85020 North Mountain

$1,600,000 USD

Apartments For Sale  •  5,200 SF

Property Details

  • Property Type Apartments
  • Total Building Size 5,200 SF
  • Lot Size 0.29 AC
  • Building Class C
  • Year Built 1945
  • Cap Rate 6.82 %
  • Zoning R-5
60 Transit Score
60 Walk Score

Highlights

100% Occupied — 10 of 10 Units Leased, Income Mode Day One
10-Unit Multifamily | Two Buildings, Two Parcels | Central Phoenix / Uptown Corridor
±$355,000+ Capital Invested — Full Electrical Overhaul, Interior Renovations & Exterior Refresh
Unit Mix: 2 × 2BR/1BA · 6 × 1BR/1BA · 2 × Studio | 10 On-Site Parking Spaces | Walk-Up Style
6.82% Cap Rate | $109,135 NOI | Offered at $160,000/Unit | OBO — Send Your Offers
Block Construction | Year Built 1945 | Fully Renovated Through 2025 | De-Risked Future Capex

Property Flyers

Financial Summary (Proforma)

Net Operating Income: $109,135 USD (2027)
Cap Rate: 6.82 %
Total Expenses: $32,945 USD

Amenities

  • 24 Hour Access
  • Controlled Access
  • Laundry Facilities
  • Heating
  • Kitchen
  • Refrigerator
  • Oven
  • Stainless Steel Appliances
  • Range
  • Tub/Shower
  • Online Services
  • Freezer
  • Patio
  • Vinyl Flooring
  • Window Coverings
  • Private Bathroom
  • Smoke Detector

Public Transportation

AirportDriveWalkDistance
Phoenix Sky Harbor International 23 min - 13.0 mi
Phoenix-Mesa Gateway 57 min - 40.2 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 10
Type: Surface
Included in Rent: Yes
Hudson Robison 480-313-3234 The Broker Reserve
Hudson Robison 480-313-3234 The Broker Reserve