8910-8912 N 3rd Street, Phoenix, AZ 85020
$1,750,000
Property Type:
Multiple Dwellings
Status:
Active
Current Price:
$1,750,000
List Date:
11/26/2025
Last Modified:
3/06/2026
Description
100% OCCUPIED + FULLY UPDATED ELECTRICAL & WIRING. Fully renovated 10-unit multifamily asset in the highly desirable Uptown Phoenix submarket. The property features a compelling unit mix across two contiguous parcels and benefits from approximately $355,000 of capital improvements completed over the last 1.5 years. With strong leasing momentum, stabilized operations, and market rent upside, this property is well-positioned for both yield-focused and appreciation-driven investors.
More Information MLS# 6951020
Contract Info
Ownership: Fee Simple
Current Price: $1,750,000
List Price: $1,750,000
Status: Active
List Date: 2025-11-24
Location, Tax & Legal
Assessor's Map #: 50
Legal Description (Abbrev): SUNNY SLOPE
Assessor's Parcel #: 87
Add'l Parcels: Yes
Tax Municipality: Phoenix
Census Tract: 105300
Taxes: 2731.86
Legal: SUNNY SLOPE
Marketing Name: 3rd Street Apartments
House Number: 8910-8912
Compass: N
Street Name: 3rd
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85020
Zip4: 2837
County Code: Maricopa
Subdivision: SUNNYSLOPE
Assessor Number: 160-50-087
Tax Year: 2024
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 10
Lot Size Dimensions: 100 x 125
Flood Zone: No
Total # of Units: 10
Elementary School District: Washington Elementary School District
High School District: Glendale Union High School District
Elementary School: Desert View Elementary School
Jr. High School: Royal Palm Middle School
High School: Sunnyslope High School
Year Built: 1945
Zoning: R-5
Legal Info
Range: 3E
Section: 32
Township: 3N
Lot Number: 20
Project Type
5 - 12 Units: 1
Construction
Block: 1
Const - Finish
Painted: 1
Brick Veneer: 1
Roofing
Composition: 1
Floors
Concrete: 1
Vinyl: 1
Sale Includes
Land & Building: 1
Income & Expenses
Annual Ins Exp: 6985
Annual Maint Exp: 11000
Annual Trash Exp: 3325
Annual Wtr/Swr Exp: 5051
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 29092.86
Other Income: 10080
Vacancy Allowance: 0
Adjusted Gross Inc: 142080
Total Monthly Rental Income: 9523
Pmt & Rate Info
Cap Rate: 6.46
Equity: 1750000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Showing Service: Aligned Showings
Text: 1
Email: 1
Phone Call: 1
Lockbox Type
None: 1
Community Features
No Pool: 1
Heating
Electric: 1
Natural Gas: 1
Cooling
Ceiling Fan(s): 1
Central Air: 1
Window/Wall Unit: 1
Exterior Amenities
Fenced: 1
Sidewalk(s): 1
Patio/Balcony: 1
Separate Storage: 1
Tenant Pays
Other (See Remarks): 1
Appliances Included
See Remarks: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Other (See Remarks): 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
>1 Space Per Unit: 1
Paved: 1
Electric
APS: 1
Individual Meter: 1
Gas
SW Gas: 1
Owner Pays
See Remarks: 1
New Financing
Cash: 1
Conventional: 1
No Carry: 1
1031 Exchange: 1
Reports/Disclosures
None: 1
Environmental
None: 1
Efficiency Units
# Efficiency Units: 2
Avg Rent: 938
Avg SqFt: 325
# Baths: 1
1 Bedroom Units
# 1 Bedroom Units: 6
Avg Rent: 1116
Avg SqFt: 550
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 2
Avg Rent: 1210
Avg SqFt: 750
# Baths: 1
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Cross Street: Dunlap & 3rd Street
Directions: East from Central on Dunlap. South on 3rd St
Geo Lat: 33.566349
Geo Lon: -112.069869
Income Expenses
Gross Annual Sch Inc: 132000
Net Operating Income: 112987
Property Features
Project Type: 5 - 12 Units
Construction: Block
Const - Finish: Painted; Brick Veneer
Roofing: Composition
Floors: Concrete; Vinyl
Sale Includes: Land & Building
Community Features: No Pool
Exterior Amenities: Fenced; Sidewalk(s); Patio/Balcony; Separate Storage
Appliances Included: See Remarks
Heating: Natural Gas
Cooling: Ceiling Fan(s); Window/Wall Unit; Central Air
Water Source: City Franchise
Sewer: Sewer - Public
Electric: APS; Individual Meter
Gas: SW Gas
Parking Features: >1 Space Per Unit; Paved
Road Surface Type: Asphalt
Owner Pays: See Remarks
Tenant Pays: Other (See Remarks)
Source of Fincl Data: Other (See Remarks)
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
New Financing: Cash; Conventional; No Carry; 1031 Exchange
Environmental: None
Listing Office:
The Broker Reserve LLC
Last Updated: March - 06 - 2026
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