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Central Park Villas 4128 N 10th St 10 Unit Apartment Building $3,937,188 CAD ($393,719 CAD/Unit) 6% Cap Rate Phoenix, AZ 85014
Investment Highlights
- In-Suite Washer & Dryers
- Renovated in 2020 With New Kitchens, New Bathrooms, Custom Cabinetry, Quartz Countertops and Tiled Backsplashes and Tub Surrounds
- Private Patios & Covered Parking
- Individually Metered with Individual HVAC Units
- Stainless Steel Appliances, Wood Plank Vinal Floors, Dishwashers
- Lush Mature Landscaping and Plentiful Greenspace
Executive Summary
CBRE is pleased to present Central Park Villas Apartments, a single story garden style prime investment opportunity located at 4128 N 10th St., Phoenix. This 10-unit community benefits from a highly desirable location just north of Indian School Road and west of 7th Street, an area where demand for Class B/B+ properties consistently exceeds supply. Central Park Villas offers a diverse selection of spacious units, including one-bedroom (600 sq ft), two-bedroom (800 sq ft), and three-bedroom (1,200 sq ft) floor plans, all designed for modern living. Each unit is equipped with in-suite washer and dryers, stainless steel appliances, modern backsplashes, quartz kitchen and bathroom countertops, dishwashers, individual HVAC units, stylish wood-plank vinyl flooring, and ceramic tile.
Originally constructed in 1966 and extensively renovated in 2020, Central Park Villas presents a turnkey asset with a proven track record of stable income, low tenant turnover, and high historical occupancy. This established performance allows a new investor to capitalize on dependable cash flow and the potential for organic rent growth upon lease expirations, offering an attractive opportunity to achieve an above-market return on investment.
Beyond its attractive amenities, Central Park Villas boasts a prime location. Residents enjoy convenient access to the substantial employment opportunities of midtown, downtown, and the Biltmore/Camelback corridor, which together support a workforce of over 177,000 employees at more than 3,000+ businesses.
Originally constructed in 1966 and extensively renovated in 2020, Central Park Villas presents a turnkey asset with a proven track record of stable income, low tenant turnover, and high historical occupancy. This established performance allows a new investor to capitalize on dependable cash flow and the potential for organic rent growth upon lease expirations, offering an attractive opportunity to achieve an above-market return on investment.
Beyond its attractive amenities, Central Park Villas boasts a prime location. Residents enjoy convenient access to the substantial employment opportunities of midtown, downtown, and the Biltmore/Camelback corridor, which together support a workforce of over 177,000 employees at more than 3,000+ businesses.
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $3,937,188 CAD | Building Class | C |
| Price Per Unit | $393,719 CAD | Lot Size | 0.66 AC |
| Sale Type | Investment | Building Size | 7,200 SF |
| Cap Rate | 6% | Average Occupancy | 100% |
| No. Units | 10 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1966/2020 |
| Property Subtype | Apartment | Parking Ratio | 2.36/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R-3, Phoenix - Residential | ||
| Price | $3,937,188 CAD |
| Price Per Unit | $393,719 CAD |
| Sale Type | Investment |
| Cap Rate | 6% |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.66 AC |
| Building Size | 7,200 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1966/2020 |
| Parking Ratio | 2.36/1,000 SF |
| Zoning | R-3, Phoenix - Residential |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | $1,993 CAD | 600 |
| 2+1 | 3 | $2,515 CAD | 800 |
| 3+2 | 1 | $2,878 CAD | 1,200 |
1 1
Moderately walkable
70/100
Very drivable
80/100
Some public transit
50/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 155-17-063 | Total Assessment | $46,754 CAD |
| Land Assessment | $0 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $0 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
155-17-063
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$46,754 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
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Central Park Villas | 4128 N 10th St
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