$2,650,000
Phoenix, AZ 85014
MLS# 6937078
1 / 43
Property Description
Welcome to The Chesterfield! Fully remodeled and separately metered, this 11-unit apartment complex in Central Phoenix offers a rare combination of flexibility, design, and cash flow potential. Each unit has been tastefully updated with modern finishes, new flooring, and contemporary kitchens and baths. All units can include appliances, furnishings, and assigned parking,ready for immediate operation. Currently run as a successful short term operation, this property is also perfectly positioned for midterm rentals catering to travel nurses, medical professionals, and corporate clients. Located within minutes of Banner University Medical Center, St. Joseph's Hospital, Phoenix Children's Hospital, and the VA Medical Center, this area experiences consistent demand for fully furnished stays
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $2,650,000
List Price: $2,650,000
Status: Active
List Date: 2025-10-22
Location, Tax & Legal
Assessor's Map #: 17
Legal Description (Abbrev): LOT 15 CHESTERFIELD PLACE MCR 000607
Assessor's Parcel #: 65
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 108601
Taxes: 3617
Legal: LOT 15 CHESTERFIELD PLACE MCR 000607
Marketing Name: The Chesterfield
House Number: 4142
Compass: N
Street Name: 10TH
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85014
Zip4: 4755
County Code: Maricopa
Subdivision: CHESTERFIELD PLACE
Assessor Number: 155-17-065
Tax Year: 2024
General Property Description
# of Buildings: 3
Uncvrd Parking Spcs: 6
Lot Size Dimensions: 97x303
Total # of Units: 11
Elementary School District: Osborn Elementary District
High School District: Phoenix Union High School District
Elementary School: Longview Elementary School
Jr. High School: Osborn Middle School
High School: North High School
Year Built: 1961
Zoning: R-3
Legal Info
Range: 3E
Section: 21
Township: 2N
Lot Number: 15
Project Type
5 - 12 Units: 1
Construction
Block: 1
Const - Finish
Painted: 1
Stucco: 1
Roofing
Composition: 1
Floors
Laminate: 1
Sale Includes
Personal Property: 1
Laundry Equipment: 1
Other (See Remarks): 1
Income & Expenses
Annual Elec Exp: 11400
Annual Gas Exp: 3696
Annual Ins Exp: 7500
Annual Landscape Exp: 1800
Annual Trash Exp: 4800
Annual Wtr/Swr Exp: 7320
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 40133
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 253000
Pmt & Rate Info
Cap Rate: 8.03
Equity: 2650000
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
See Remarks: 1
Heating
Heat Pump: 1
Central: 1
Cooling
Ceiling Fan(s): 1
Electric: 1
Individual: 1
2 or More Units: 1
Exterior Amenities
Desert Landscaping: 1
Fenced: 1
Cable TV Available: 1
Sidewalk(s): 1
Patio/Balcony: 1
Separate Storage: 1
Security Light(s): 1
Other (See Remarks): 1
Interior Features
Furnished: 1
Fire/Smoke Alarm(s): 1
Tenant Pays
Other (See Remarks): 1
Appliances Included
Free-Standing Gas Oven: 1
Microwave: 1
Refrigerator: 1
Free-Standing Range: 1
Washer/Dryer: 1
Road Access Type
City Street: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Other (See Remarks): 1
Road Responsibility
City Maintained Road: 1
Water Source
City Franchise: 1
Master Meter: 1
Sewer
Sewer - Public: 1
Sewer-In & Connected: 1
See Remarks: 1
Parking Features
On Street: 1
1 Space/Unit: 1
Paved: 1
Assigned: 1
Attached Carport: 1
Electric
APS: 1
Individual Meter: 1
Gas
SW Gas: 1
Individual Meter: 1
Owner Pays
Water: 1
Sewer: 1
Electric: 1
Gas: 1
Trash Collection: 1
Cable TV: 1
Landscaping: 1
See Remarks: 1
New Financing
Cash: 1
Conventional: 1
1031 Exchange: 1
Other (See Remarks): 1
Existing 1st Loan
Treat as Free&Clear: 1
Reports/Disclosures
Seller Prop Disc Stm: 1
Environmental
None: 1
Contact Info
List Agent Home Phn: 602-902-1490
List Agent Hme Phn 2: 602-902-1490
List Agent Cell Phn2: 602-902-1490
Efficiency Units
# Efficiency Units: 1
Avg Rent: 0
Avg SqFt: 450
# Baths: 1
1 Bedroom Units
# 1 Bedroom Units: 9
Avg Rent: 0
Avg SqFt: 570
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 1
Avg Rent: 0
Avg SqFt: 950
# Baths: 1
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Cross Street: 10th St and Indian School
Directions: From the 51 - West to 10th St, North on 10th St, property will be on west side of the road.
Geo Lat: 33.496268
Geo Lon: -112.061287
Income Expenses
Gross Annual Sch Inc: 253000
Net Operating Income: 212867
Property Features
Project Type: 5 - 12 Units
Construction: Block
Const - Finish: Painted; Stucco
Roofing: Composition
Floors: Laminate
Sale Includes: Personal Property; Laundry Equipment; Other (See Remarks)
Community Features: No Pool; See Remarks
Exterior Amenities: Desert Landscaping; Fenced; Cable TV Available; Sidewalk(s); Patio/Balcony; Separate Storage; Security Light(s); Other (See Remarks)
Interior Features: Furnished; Fire/Smoke Alarm(s)
Appliances Included: Free-Standing Gas Oven; Free-Standing Range; Refrigerator; Microwave; Washer/Dryer
Heating: Central; Heat Pump
Cooling: Ceiling Fan(s); Electric; Individual; 2 or More Units
Water Source: City Franchise; Master Meter
Sewer: Sewer - Public; Sewer-In & Connected; See Remarks
Electric: APS; Individual Meter
Gas: SW Gas; Individual Meter
Parking Features: On Street; 1 Space/Unit; Assigned; Paved; Attached Carport
Road Access Type: City Street
Road Surface Type: Asphalt
Road Responsibility: City Maintained Road
Owner Pays: Water; Electric; Gas; Trash Collection; Cable TV; Landscaping; See Remarks
Tenant Pays: Other (See Remarks)
Source of Fincl Data: Owner; Other (See Remarks)
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
Existing 1st Loan: Treat as Free&Clear
New Financing: Cash; Conventional; 1031 Exchange; Other (See Remarks)
Environmental: None
Supplements
ranging from 30 to 90 days.
Highlights:
-11 fully remodeled units - all separately metered for gas & electric
-Can be sold fully furnished with appliances included
-Dedicated parking
-Walking distance to major hospitals and transit routes
-Excellent opportunity for Airbnb, midterm, or long-term leasing strategies
-Proven income performance in one of Phoenix's strongest rental corridors
This is a plug-and-play investment in a thriving, high-demand location, ideal for the investor looking to scale in one of the Valley's most stable and profitable rental markets.
Listing Office: eXp Realty
Last Updated: January - 01 - 2026
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