Properties
Phoenix, AZ 85006 322 N 11TH Place
$780,000
29 more
Presented By: eXp Realty; 888-897-7821
Home Details
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 $16,500 through Aug 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 Laundry 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 & incom The property located in a high-demand area of Downtown Phoenix, minutes to Chase Field, the Convention Center, ASU Downtown, Roosevelt Row, Van Buren.
Presented By: eXp Realty; 888-897-7821
Interior Features for 322 N 11TH Place
Bathrooms
Total Baths
Other Interior Features
Air Conditioning Y/NYes
FlooringCeramic Tile
Heating Y/NYes
General for 322 N 11TH Place
Additional Parcels Y/NNo
Attached Garage No
Cap Rate11.55
Carport Y/NNo
CityPhoenix
Community FeaturesNo Pool
Construction MaterialsWood Frame, Stucco
CoolingElectric
CountyMaricopa
DirectionsTake 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.
DisclosuresNone
ElectricAPS
Electric Expense2829.0
Elementary SchoolGarfield School
Elementary School DistrictPhoenix Elementary District
Fuel Expense593.0
Garage Y/NNo
Gross Income122705.0
HeatingElectric
High School DistrictPhoenix Union High School District
Insurance Expense1500.0
Lease Considered Y/NNo
Lease Renewal Y/NNo
MaintenanceExpense24014.0
Middle/Junior High SchoolGarfield School
MobileHomeRemainsYNNo
Net Operating Income90052.0
New ConstructionNo
New Financing: CashTrue
New Financing: ConventionalTrue
New Financing: FHATrue
New Financing: VATrue
Number Of Units Total4
Occupancy TypeTenant
Open Parking Spaces4.0
Operating Expense37591.0
OwnerPaysGas, Electricity, Trash Collection, Water, Sewer, Cable TV, Landscaping
OwnershipFee Simple
OwnershipFee Simple
Property TypeMultiple Dwellings
Rent Control Y/NNo
RoofComposition
Security FeaturesSecurity Alarm(s), Fire Sprinklers
Senior CommunityN
SewerPublic Sewer
Standard StatusActive
StatusActive
Subdivision NameMARSTON HEIGHTS
Tax Annual Amount2236.0
Tax Lot9
Tax Year2025
Township1N
Trash Expense609.0
Water Sewer Expense1000.0
Year Built1928
ZoningR-5
Exterior for 322 N 11TH Place
Covered Spaces0.0
Crops Included Y/NNo
Irrigation Water Rights Y/NNo
Lot Dimensions7500
Number of Buildings2
Parking FeaturesOn Street
Road Surface TypeGravel
SpaNo
Total Parking4.0
Water SourceSee Remarks
Additional Details
Price History
Schools
Middle School
Garfield School Middle School
Elementary School
Garfield School Elementary School
High School
N/A
