909 S 35th Avenue, Phoenix, AZ 85009
Local realty services provided by:Better Homes and Gardens Real Estate BloomTree Realty
909 S 35th Avenue,Phoenix, AZ 85009
$1,109,999
- - Beds
- - Baths
- - sq. ft.
- Multi-family
- Active
Listed by: ari verma
Office: fathom realty
MLS#:7025359
Source:ARMLS
Price summary
- Price:$1,109,999
About this home
Discover a prime investment opportunity in strong central Phoenix with this fully occupied 8-unit multifamily complex generating consistent cash flow from day one. This exceptional property comprises three spacious 1-bedroom, 1-bathroom units and five efficient studio units, perfectly positioned to capitalize on the area's high demand for affordable rentals where vacancies remain rare. Each unit features its own electrical sub-panel for independent metering and billing. While all three 1-bedroom units boast in-unit washer/dryers for premium tenant appeal, and studios share a convenient on-site laundry facility. The property is fully fenced with one dedicated parking spot per unit, creating a secure and organized community. Major systems including plumbing, electrical, and HVAC were professionally upgraded in 2021, ensuring reliability and minimal maintenance concerns for years to come. The property is well-maintained with regular upkeep including fresh paint and timely repairs. With its R-5 zoning allowing for maximum density in multifamily development, this property presents significant future redevelopment possibilities for investors seeking long-term upside potential. Located strategically near Downtown Phoenix, the Central Avenue light rail extension, and with easy access to I-10 and I-17, residents enjoy quick commutes to key employment corridors and major transit routes. Beyond the stable current income, this is a true value-add opportunity--the large lot provides room for expansion, and there's strong potential to increase returns by replacing flooring and installing washer/dryers in the remaining studio units, or utilizing the huge courtyard for income-producing amenities like vending machines. This combines built-in stability with substantial upside for an investor ready to maximize returns. DRIVE-BY ONLY; please do not disturb tenants. Walkthroughs available only with accepted offers. Buyer to verify all information....
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Home facts
- Year built:1946
- Subdivision & Development:TIERRA VERDE
- Listing ID #:7025359
- Updated:August 13, 2026 at 03:07 PM
Rooms and interior
- Flooring:Ceramic Tile, Vinyl
Heating and cooling
- Cooling:Electric
- Heating:Electric
Structure and exterior
- Year built:1946
- Construction Materials:Block, Stucco
Utilities
- Water:Master Meter
Finances and disclosures
- Price:$1,109,999
- Tax amount:$988 (2025)
Parking
- Total parking spaces:8
- Parking description:1 Parking Space/Unit, Paved
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