8927 N 10th St | New Construction Fourplex

New construction fourplex at 8927 N 10th Street, Phoenix, AZ 85020, offered at $1,400,000 ($350,000 per unit). Four 2-bedroom, 2-bath residences offer approximately 850 square feet each, or approximately 3,400 square feet combined.

Features include quartz countertops, new cabinetry, dual-pane windows, stainless-steel appliances including microwaves and dishwashers, and a stackable washer and dryer in each residence. Site improvements include a new asphalt parking lot and desert landscaping. Electricity is individually metered; residents pay electricity and cable. Ownership pays water, sewer, trash and landscaping.

Construction is nearing completion. The offering materials report the Certificate of Occupancy as pending. Contact Linda Gerchick, CCIM, for the latest completion, approval and leasing status. The September 30, 2026 rent roll shows all four units vacant with $0 current rent.

Illustrative pro forma: projected rent of $2,000 per unit per month totals $8,000 monthly and $96,000 annually before vacancy. Listed annual expenses are $16,880: management $7,680, insurance $2,800, water/sewer/trash $2,500, estimated property taxes $2,900 and maintenance $1,000. This produces projected NOI of $79,120 and a projected 5.65% cap rate at the asking price. These are estimates, not historical results or guaranteed returns. Projections exclude vacancy, lease-up costs, owner-paid landscaping and other unlisted expenses. Taxes may change upon completion or reassessment; projected rents are not signed lease commitments.

Located in Phoenix's Sunnyslope / North Mountain area, with access to neighborhood services, healthcare, dining and recreation.

Marketing image and architectural plan are supplied for reference. Buyers must independently verify as-built conditions, dimensions, unit mix, zoning, permitted uses, utilities, approvals, financial assumptions and Certificate of Occupancy status. Information is believed reliable but is not guaranteed. Offering is subject to prior sale, withdrawal or modification without notice.

Linda Gerchick, CCIM | Designated Broker | Gerchick Real Estate

602-688-9279 | [email protected]

Property details: https://justsoldit.com/portfolio-item/8927-n-10th-streetphoenix-az-85020/