6628 6636 10th street case study
PDF · 21 May 2025
Case study of two contiguous off-market lots (6628 & 6636 10th St.) in South Phoenix acquired in 2023 for $600,000 total (1.33 acres). Document describes creative seller-financing (50% carryback, 4% interest-only, 4-year term), current positive cash flow during entitlement (~$500/month), and dual exit strategies: sell shovel-ready by 2026 or develop a 20–25 unit multifamily project.
Questions this document answers
6628 and 6636 10th Street, South Phoenix, AZ
Total $600,000; 6628: $450,000; 6636: $150,000
~1.33 acres
2023
Multifamily zoning; potential for 20–25 units