Photo 1 of 3
$1,400,000
| Beds |
Baths |
Sq. Ft. |
Taxes |
Built |
| 8 |
8.00 |
0 |
$3,000 |
2026 |
|
On the market:
1 day
|
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now 10 sharp bullet points
Brand-new fourplex in North Phoenix
Four spacious 2-bedroom, 2-bathroom units
Approximately 850 SF per unit
Projected rents of $2,000 per unit monthly
$1,400,000 asking price
Projected 5.65% cap rate; excludes vacancy and unlisted expenses
Quartz countertops and modern cabinetry
Stainless steel appliances, including microwaves and dishwashers
Individual electric meters; water, sewer, and trash are master-metered
New asphalt parking, manicured desert landscaping; Certificate of Occupancy pending, expected within approximately 30 days Introducing a newly constructed fourplex at 8927 N 10th Street in Phoenix. Each modern unit offers approximately 850 square feet with 2 bedrooms and 2 bathrooms. All four units are projected to rent for $2,000 per month each.
The units feature quartz countertops, installed cabinetry, dual-pane windows, stainless steel appliances--including a microwave and dishwasher--and a new stackable washer and dryer in each unit. Each unit is individually metered for electricity. Water, sewer, and trash are master-metered. The property also offers a new asphalt parking lot and manicured desert landscaping.
Conveniently located near SR-51, HonorHealth John C. Lincoln Medical Center, and area employment, shopping, and services. The Certificate of Occupancy is pending and is expected within approximately 30 days.
Financial projections: Projected gross rent is $96,000 annually. Based on the provided expense estimates, projected NOI is $79,120, or an estimated 5.65% cap rate. Projected property taxes are $2,900 annually following reassessment; actual taxes may differ. The cap rate excludes vacancy and expenses not listed.
All rents, income, expenses, taxes, and cap rate are estimates and are not guaranteed. The Certificate of Occupancy is pending. Buyer should independently verify all property details, financial information, taxes, permits, zoning, and other material facts. Information is deemed reliable but not guaranteed.
Located in North Phoenix near the Sunnyslope area, 8927 N 10th Street offers convenient access to SR-51 via Greenway Road and nearby north-south routes. The property is near HonorHealth John C. Lincoln Medical Center and its surrounding medical offices, creating convenient access to healthcare and related employment. Nearby neighborhood services, shops, restaurants, and the Sunnyslope Transit Center add everyday convenience for residents
Listing courtesy of Linda Gerchick, Gerchick Real Estate