Cass Stephens - Commercial Real Estate Broker

06/03/2026

Arizona property owners finally have some new protection when it comes to squatters.

Gov. Katie Hobbs recently signed SB 1426, a new law aimed at making it easier for homeowners to remove unlawful occupants from residential property. The big headline? In qualifying cases, the process may move closer to 3 days instead of the roughly 19 days often associated with a traditional eviction process.

That is a big deal.

For owners, every extra day can mean lost rent, property damage, utility costs, legal fees, and a lot of stress.

The important distinction is this: the law is aimed at unauthorized occupants, not legitimate tenants. If someone has a lease, a prior agreement, or a real landlord-tenant relationship, normal tenant protections still apply.

For multifamily owners and investors, this is a good reminder to stay proactive:

- Check vacant units regularly
- Secure doors, windows, and access points
- Keep clear lease and occupancy records
- Act quickly when something looks wrong
- Talk with an attorney before taking legal action

Vacant units are part of owning rental property, but they also create risk. This new law may give Arizona owners a faster path to regain possession when someone has no legal right to be there.

If you own multifamily property in Phoenix, Mesa, Tempe, Chandler, Scottsdale, Glendale, or anywhere across Arizona, this is a law worth paying attention to.

https://phoenixmulti-family.com/blog/f/arizonas-new-anti-squatter-law

Why 3 Days vs. 19 Days Matters for Property Owners

05/29/2026

846 W Coolidge W (3 bed/2b)-1150 sf-$1500R); 846 W Coolidge E (1 bed/Studio-700 sf-$800R); 846 W Coolidge Middle House (2 bed/1b-900 sf-$1500Pro); & 915 W Highland House (3 bed/2 b-1250 sf-$1800R). 17557 sf lot R3 Zone. BONUS: 1800 +/- sf workshop attached to middle house. Huge commercial-grade steel carport. 4 big storage units. Many recent upgrades. Potential to add density or split into two lots (no historic district). Prime location! .5 m to Melrose District; .8 m to Brophy High School; 1.1 m to Uptown Plaza; & 3+ m to Biltmore. Many possibilities. Sold as-is. DND tenants. Unique place!

05/26/2026

Interested in a no obligation discussion about your investment strategy?

05/21/2026

5035 N. 23rd Ave brings investors more than just strong numbers — the interiors help support the story.

This 9-unit Uptown Phoenix asset has been fully upgraded and fully stabilized, with over $250,000 in renovations completed just a few years ago. The unit mix includes studios, 1-bedroom units, and 2-bedroom units, giving tenants functional options and investors a diversified rent roll.

Clean, updated interiors paired with 100% occupancy, separately metered electric, and a 7.2 CAP make this a compelling hold in a strong 85015 pocket.

For investors looking for upgraded units, stable income, and long-term upside, this one deserves a closer look.

5035 N. 23rd Ave, Phoenix, AZ 85015
For Sale: $1,699,000

Contact Cass for details.
#85015

05/19/2026

Investor alert in Uptown Phoenix.

5035 N. 23rd Ave is a 9-unit multifamily asset offered at $1,699,000 with a 7.2 CAP and $122,000 NOI based on the 2025 P&L.

This one checks the boxes investors care about: 100% occupancy, fully upgraded, fully stabilized, separately metered electric, no HOA, Opportunity Zone location, and seller financing available at 6% interest-only with 30% down.

The real upside? The land.

Nearly 25,000 SF on .56 acres with R-3 zoning, spread across 7 buildings just north of Camelback and east of I-17. That gives buyers multiple angles: hold for cash flow, improve long-term rents, or explore future density potential.

Hard to find this combination of income, location, financing flexibility, and land in 85015.

Contact Cass for details.

05/19/2026

Pending Close.

2324 W. Lone Cactus Dr. #101 in Phoenix is officially pending at $699,900.

Another multifamily deal moving toward the finish line with Cass. From pricing strategy to ex*****on, Cass knows how to get investment properties under contract and headed to closing.

4 units. Deer Valley location. 2004 construction. Strong numbers. No HOA.

Cass is a closer.

05/11/2026

Under Contract!

04/30/2026

North Phoenix 4-Plex | Cash Flow + Built-In Upside

Take a look at this one in Deer Valley, solid today with room to grow tomorrow.

2324 W Lone Cactus Dr, Phoenix
$699,900

This is a 4-unit property built in 2004: which already sets it apart from a lot of the older Phoenix inventory. All units are large 2-bed layouts, which tend to attract longer-term tenants and stronger demand.

💡 Why investors are going to like this one:
6.62 CAP based on current numbers
Fully stabilized with strong occupancy history
Rents around ~$1,200 with clear upside potential
No HOA + individually functional units
Washer/dryer in units, storage, and ample parking

Location is another win, right near I-17 & Deer Valley with access to major employment corridors and a deep tenant pool.

Bottom line: low-maintenance construction , steady income, & room to push rents is a strong long-term hold.

If you’re looking for a clean 4-plex in North Phoenix that isn’t a heavy lift, this one is worth a look.

Cass Stephens - CCIM
Call or Text: 602-672-3526
Email: [email protected]

04/29/2026

Phoenix Multifamily Opportunity
Strong Cash Flow + Upside

A solid deal in Uptown Phoenix that checks a lot of boxes for investors looking for both stability today and upside tomorrow.

5035 N 23rd Ave, Phoenix
Offered at $1,699,000

This is a 9-unit property spread across 7 buildings on a large 25,000 SF lot with R-3 zoning.
Something you just don’t see often anymore in this pocket.

Unit mix is diverse:
• 3 Studios
• 4 One-Bedroom units
• 2 Two-Bedroom units

💡 Why this one stands out:
7 CAP based on recent financials (rare in today’s market)
Fully stabilized with immediate cash flow
Rents are still below market → built-in value-add
Individually metered units (major expense control)
Seller financing possible (huge leverage play)

Location-wise, you’re right in central Phoenix. Close to I-17, GCU, and surrounded by continued growth & redevelopment.

This is the kind of deal I like; cash flow day one with operational upside, not a heavy lift.

If you’re looking to add a Phoenix asset with strong fundamentals and room to grow rents, this is worth a look.

Cass Stephens - CCIM
Call or text: 602-672-3526
Email: [email protected]

04/28/2026

If you’re investing in Arizona right now, here’s what actually matters:

Supply — is new competition slowing down or still hitting your submarket?

Jobs — not headlines, but where real employment is growing

Capital — can buyers actually finance deals at today’s pricing?

Location — not just Phoenix… but which part of Phoenix

Everyone talks about Arizona growth.

The smarter conversations are about:
where that growth is happening,
and how it actually impacts your deal.

That’s where good investments separate from average ones.

Read more here: 👇
https://phoenixmulti-family.com/blog/f/april-2026---arizona-cre-market-update