Home Details for 322 N 11TH Place

Comprehensively RENOVATED 4 UNITS Short-Term Rental in PRIME Phoenix LOCATION on R-5 zoning. Cap rate 10.6%. 2024 average occupancy rate 93%, Airbnb rating 4.85 out of 5! UNITS: One 2 BD-1BA and Three Studios. Every unit has its OWN kitchen, bathroom and a separate PRIVATE ACCESS. 2 BD unit has it's own Landry with washer and dryer. The backyard is a common space for all guests with a Grill, Fire pit, Hammock and a separate Laundry shed. Cleaning and maintenance crews use another outside shed for supplies. Each unit uniquely renovated and staged, designed to appeal to a broad range of tenants—perfect for maximizing occupancy rates and income potential! HIGH DEMAND LOCATION ensures a CONSISTENT pool of TENANTS! Just minutes walking from ASU, Chase Field and The Van Buren and Convention center. 7 min driving to the airport. It is an ideal destination for visitors! This property is a TurnKey Investment! Renovation has been completed with meticulous attentions to details and orientation to tenants satisfaction. The quality of this reno allow investors expect IMMEDIATE rental INCOME without the hassle of further improvements! R-5 Multiple Family Residence Zoning provides flexibility for future expansion or development, and enhancing the property's long-term investment potential.

• Cooling Information

  • Central Air
  • Electric

• Heating Information

  • Electric

• Water Features

  • See Remarks

• Parking

  • On Street