4128 N 10th St
Phoenix, AZ 85014
Central Park Villas · Multifamily Property For Sale · 10 Units

Central Park Villas is a Single Story, Garden-Style, Multifamily Community located in Midtown Phoenix. It is near Phoenix Children’s Hospital, Arizona Heart Hospital and positioned amid boutiques and popular eateries. Conveniently only one-mile from State Route 51 and less than one-mile from the Central Avenue Corridor, which serves as the main connection between Uptown/Midtown to Downtown Phoenix and is one of Phoenix’s most vital and heavily trafficked stretches of roadway. The Valley Metro light rail operates along Central Avenue spanning 4.3 miles from Camelback Road to Jefferson Street. The Indian School/Central station is the nearest stop to Central Park Villas and is located 0.8 miles west of the property. The Valley Metro light rail services more than 50,000+ people daily and represents one of the most significant and ongoing developments in the Phoenix MSA. It is a short distance from The Sky Harbor Airport and within a one-mile radius there are several schools, parks, The Phoenix Country Club and the VA Medical Center. The Pride of Ownership is easy to detect, in this property which consists of (six) one-bedroom units of 707-square-feet, (two) two-bedroom units of 800-square-feet, a two bedroom casita of 800-square- feet, and a stand-alone two-bedroom house of 1,400-square-feet. The community was built in 1966 of block construction with pitched asphalt shingle roofs. Since 2012, all of the units have been Renovated and now have Fully Equipped Kitchens, New Tile Flooring, New Fixtures, Plumbing, Wiring and Patio Style Doors that lead to a Park Like Central Courtyard, which sets the property apart, as it contains Mature and Lush Landscaping allowing tenants to feel like they live in a Country Oasis. The tenants actually pick grapefruits and oranges, from the Mature Fruit Trees. Not only is the community Always Fully Occupied with Rising Rents but there's actually a Waiting List. The property has Two Washers and Two Dryers (Additional Income), Individual Storage Spaces (for a Fee) and Covered Parking for each unit. For added privacy, there is a Perimeter Block Wall enclosing the community. The property is Individually Metered for power and master metered for water. The property owner is responsible for the cost of water, sewer, trash. The residents are responsible for the cost of electricity and gas in their units, including the cost of heating and air conditioning. Central Park Villas offers an investor the opportunity to acquire a Very Well Maintained and Efficiently Managed Community, due to its Consistent Occupancy, Stable Income and Improving Demographics in the surrounding area. This property will be a Great Addition to an investor’s portfolio or would serve as an Ideal, Pride of Ownership Opportunity for a new investor entering the market.