$795,000
Phoenix, AZ 85006
MLS# 6969679
1 / 34
Property Description
Comprehensively RENOVATED 4 UNITS Short-Term Rental in PRIME Phoenix LOCATION on R-5 zoning. Cap rate 10.6%. 2025 average occupancy rate 65%, Airbnb rating 4.85 out of 5! Comes with confirmed future bookings totaling over $5,000 through Mar 1, 2026 and the established hosting accounts on main short term rentals platforms!!! 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 & income!
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $795,000
List Price: $795,000
Status: Active
List Date: 2026-01-16
Location, Tax & Legal
Assessor's Map #: 26
Legal Description (Abbrev): LOT 9 MARSTON HEIGHTS MCR
Assessor's Parcel #: 12
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 113202
Taxes: 2236
Legal: LOT 9 MARSTON HEIGHTS MCR
Marketing Name: unknown
House Number: 322
Compass: N
Street Name: 11TH
St Suffix: Place
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85006
Zip4: 3314
County Code: Maricopa
Subdivision: MARSTON HEIGHTS
Assessor Number: 116-26-012
Tax Year: 2025
General Property Description
# of Buildings: 2
Uncvrd Parking Spcs: 4
Lot Size Dimensions: 7500
Flood Zone: No
Total # of Units: 4
Elementary School District: Phoenix Elementary District
High School District: Phoenix Union High School District
Elementary School: Garfield School
Jr. High School: Garfield School
Year Built: 1928
Zoning: R-5
Legal Info
Range: 3E
Section: 4
Township: 1N
Lot Number: 9
Project Type
Four Plex: 1
Other Type
House + Rental Units: 1
Construction
Wood Frame: 1
Const - Finish
Stucco: 1
Roofing
Composition: 1
Floors
Ceramic Tile: 1
Sale Includes
Building(s) Only: 1
Income & Expenses
Annual Elec Exp: 2829
Annual Gas Exp: 593
Annual Ins Exp: 1500
Annual Maint Exp: 24014
Annual Mgmt Exp: 2110
Annual Trash Exp: 609
Annual Wtr/Swr Exp: 1000
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual Other Expense: 2700
Operating Exp: 37591
Other Income: 0
Vacancy Allowance: 0.03
Adjusted Gross Inc: 122705
Pmt & Rate Info
Cap Rate: 11.33
Equity: 795000
Down Payment %: 5
Monthly Payments: 2500
Total Owed: 0
Payment Includes
Principal: 1
Interest: 1
Taxes: 1
Insurance: 1
Showing Notification Methods
Showing Service: Aligned Showings
Phone Call: 1
Lockbox Type
None: 1
Community Features
No Pool: 1
Heating
Electric: 1
Cooling
Electric: 1
Exterior Amenities
Partially Fenced: 1
Cable TV Available: 1
Separate Storage: 1
Interior Features
Furnished: 1
Fire Sprinklers: 1
Security Alarm(s): 1
Drapes: 1
Breakfast Bar: 1
Tenant Pays
None: 1
Appliances Included
Dishwasher: 1
Microwave: 1
Refrigerator: 1
Free-Standing Range: 1
Washer/Dryer: 1
Road Surface Type
Gravel: 1
Source of Fincl Data
Owner: 1
Water Source
See Remarks: 1
Sewer
Sewer - Public: 1
Parking Features
On Street: 1
Electric
APS: 1
Gas
SW Gas: 1
Owner Pays
Water: 1
Sewer: 1
Electric: 1
Gas: 1
Trash Collection: 1
Cable TV: 1
Landscaping: 1
New Financing
Cash: 1
VA: 1
Conventional: 1
FHA: 1
No Carry: 1
Existing 1st Loan
Conventional: 1
Existing 1st Loan Type
Fixed: 1
Existing 1st Loan Terms
Non Assumable: 1
Reports/Disclosures
None: 1
Environmental
None: 1
Efficiency Units
Avg Rent: 8050
Avg SqFt: 380
1 Bedroom Units
Avg Rent: 1850
2 Bedroom Units
Avg Rent: 2500
Avg SqFt: 691
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Cross Street: Van Buren St & 16th St
Directions: Take AZ-101 Loop N and AZ-202/AZ-202 Loop W to N 32nd St in Phoenix. Take exit 1C from AZ-202/AZ-202 Loop W. Take E Van Buren St. Turn right onto E Van Buren St. Turn right onto N 11th Pl.
Geo Lat: 33.45217
Geo Lon: -112.058104
Income Expenses
Gross Annual Sch Inc: 126500
Net Operating Income: 90052
Property Features
Project Type: Four Plex
Other Type: House + Rental Units
Construction: Wood Frame
Const - Finish: Stucco
Roofing: Composition
Floors: Ceramic Tile
Sale Includes: Building(s) Only
Payment Includes: Principal; Interest; Taxes; Insurance
Community Features: No Pool
Exterior Amenities: Partially Fenced; Cable TV Available; Separate Storage
Interior Features: Furnished; Fire Sprinklers; Security Alarm(s); Drapes; Breakfast Bar
Appliances Included: Free-Standing Range; Refrigerator; Dishwasher; Microwave; Washer/Dryer
Cooling: Electric
Water Source: See Remarks
Sewer: Sewer - Public
Electric: APS
Gas: SW Gas
Parking Features: On Street
Road Surface Type: Gravel
Owner Pays: Water; Electric; Gas; Trash Collection; Cable TV; Landscaping
Tenant Pays: None
Source of Fincl Data: Owner
Showing Notification Methods: Phone Call
Lockbox Type: None
Existing 1st Loan: Conventional
Existing 1st Loan Type: Fixed
Existing 1st Loan Terms: Non Assumable
New Financing: Cash; VA; FHA; Conventional; No Carry
Environmental: None
Supplements
The property located in a high-demand area of Downtown Phoenix, minutes to Chase Field, the Convention Center, ASU Downtown, Roosevelt Row, Van Buren.
Listing Office: eXp Realty
Last Updated: January - 21 - 2026
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