913, 919, & 925 East Ocotillo Road
Property Description
913, 919, and 925 E Ocotillo Road are three adjacent triplex properties located in the North Central Phoenix corridor, each offered individually at $650,000. All three properties share the same unit mix of two one-bedroom/one-bath units and one two-bedroom/one-bath unit, are zoned R1-6, and are currently 100% occupied — a strong indicator of the consistent renter demand that defines this submarket. Built in the mid-to-late 1950s, with 913 dating to 1959 and both 919 and 925 to 1955, the properties are characteristic of the corridor's mid-century small multifamily stock: solidly built, well-located, and carrying older finishes that present a clear runway for value creation through a thoughtful renovation and repositioning program. Though being marketed together given their proximity, shared characteristics, and the operational advantages of managing a concentrated asset base within a single block, each property is available for individual purchase — giving investors the flexibility to acquire one, two, or all three depending on their investment strategy and capacity. The case for each property rests on the same fundamental dynamic: entry pricing that is meaningfully below where renovated and stabilized comparable product is currently trading in the submarket on a per-unit basis. Buyers who invest in interior and exterior improvements have a well-defined path to closing that gap, repositioning rents toward the upper end of the corridor's range and driving meaningful appreciation in asset value. Whether acquired individually or as a group, 913, 919, and 925 E Ocotillo Road represent a rare opportunity to enter one of Phoenix's most established and supply-constrained multifamily markets at an attractive basis, with a straightforward value-add business plan supported by strong comparable sales evidence and durable underlying demand.
Key Property Information
| Listing Status: | Unavailable |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $650,000 |
| No. of Units: | 3 |
| Opportunity Zone: | No |
| Price per unit: | $216,667 |
| Property Website | Click Here |
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