Tengen Place Addition Homes with Cash New Financing

Tengen Place Addition Homes with Cash New Financing

Welcome to Tengen Place Addition, a hidden gem nestled in the vibrant heart of Phoenix, Arizona. This charming subdivision in Maricopa County offers an inviting community atmosphere while being conveniently located near the bustling city life. With its picturesque streets and friendly neighbors, Tengen Place Addition is perfect for families, young professionals, and retirees alike.

The homes in Tengen Place Addition boast a variety of architectural styles, providing a unique charm to the neighborhood. Each residence is thoughtfully designed, featuring modern amenities and spacious layouts that cater to the needs of today’s homeowners. Whether you’re looking for a cozy starter home or a more expansive dwelling, Tengen Place Addition has something for everyone.

One of the standout features of this community is the availability of cash new financing options for prospective buyers. This makes it easier than ever to secure your dream home without the hassle of traditional financing. With the flexibility that cash financing provides, you can navigate the home-buying process with confidence, knowing you have the resources to make your offer stand out in this competitive market.

In addition to its beautiful homes, Tengen Place Addition is ideally situated near schools, parks, shopping centers, and dining options, ensuring that you have everything you need within arm's reach. Embrace the vibrant lifestyle of Phoenix while enjoying the tranquility of a close-knit community. Explore the possibilities that await you in Tengen Place Addition, where your dream home is just a step away!

Newest Tengen Place Addition Homes with Cash New Financing

$845,000
7 Beds 404 Baths 6935184 MLS 85020 Zip Code
100% occupied - immediate income from all three residences Three-unit property - two three-bedroom units plus one casita $4,995 in total scheduled monthly income $19,219.29 in seller-reported recent improvements New 125-amp electrical panel and service upgrades Updated kitchens and bathrooms with attractive finishes Interior paint, doors, hardware, lighting and ceiling-fan improvements Individual washer and dryer in each unit Private residential setting with a shared BBQ and gathering area Strong North Phoenix location with established rental demand R-3 zoning on approximately 13,375 square feet of land Turnkey investment opportunity offering current stability and long-term potential Welcome to 316-322 E Vogel Ave, a fully occupied North Phoenix triplex offering immediate income, a desirable residential layout and substantial recent improvements. The property consists of two spacious three-bedroom residences plus one casita, providing a diversified unit mix that appeals to a broad tenant base. The current rent roll reflects $4,745 in monthly base rent plus $250 in utility and pet fees, producing total scheduled income of $4,995 per month, or $59,940 annually. All three residences are currently occupied, allowing an investor to acquire an income-producing property without an initial lease-up period. PROPERTY HIGHLIGHTS " Fully occupied three-unit investment " Two three-bedroom residences plus one casita " Approximately 3,691 square feet of building area " Approximately 13,375 square feet of land " R-3 multifamily residential zoning " Individual residential buildings offering tenants added privacy " Individual laundry facilities " Shared outdoor BBQ and gathering area " Convenient North Phoenix location within the 85020 ZIP code RECENT PROPERTY IMPROVEMENTS The most recent seller-provided capital-improvements summary reports $19,219.29 in repairs and upgrades. Improvements include: " New 125-amp electrical panel and electrical-service improvements " Interior repairs, texture and two-tone paint " Interior doors, closet doors, locks and hardware " Window repairs and replacement blinds " Kitchen cabinet refinishing, faucets, hardware and related improvements " Bathroom mirrors, accessories, fixtures and tub refinishing " Updated lighting and ceiling fans " Smoke and carbon-monoxide detectors " Garage motor and remote replacement " Sliding-door and closet improvements " General cleaning, safety and property-condition improvements The residences also feature updated kitchens and bathrooms, modern appliances, refreshed interiors and a combination of attractive tile and updated flooring. OUTDOOR AND STORAGE FEATURES A shared outdoor BBQ and gathering area provides residents with a comfortable space to relax and enjoy Arizona's outdoor lifestyle. Mature trees, shaded areas, brick walkways and low-maintenance landscaping contribute to the property's residential character. The property also includes two large gray storage sheds behind the casita and one permanent storage structure. These structures may provide additional storage utility or potential ancillary income, subject to buyer verification, lease terms and applicable municipal requirements. Seller has indicated that stored contents will be removed before closing. INVESTMENT OPPORTUNITY 316-322 E Vogel Ave combines full occupancy, three separate living environments, an established income stream and recent capital improvements. The mix of two three-bedroom units and one casita provides diversification while the separate-building configuration offers residents privacy that is uncommon in many small multifamily properties. This property may be well suited for an investor seeking an occupied North Phoenix multifamily asset with recent improvements and long-term income potential. Buyer to independently verify the rent roll, leases, income, expenses, improvements, permits, storage uses, property condition and all other facts and figures.

316 E Vogel Avenue, Phoenix

Start Your Search

Copyright 2026 Arizona Regional Multiple Listing Service, All rights reserved. The data relating to real estate for sale on this website comes in part from the Arizona Regional Multiple Listing Service. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Arizona Regional Multiple Listing Service shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.