9033-9047 N 11th Street
Phoenix, AZ, 85020 $ 1,095,000
Baths0.0 Monthly Estimate*
$ 7,278
Studio
for $1,095,000. This home was built in 1957.
Investment Opportunity: Fully Occupied 6-Unit Apartment Building-WOW! Use 2 residential loans to purchase! Welcome to your next lucrative investment venture! We're thrilled to present to you a prime real estate opportunity nestled in the heart of east Sunnyslope, boasting a fully occupied 6-unit apartment building that's generating exceptional returns. This C-class property stands out with its impressive features, promising steady income and substantial growth potential Investment Opportunity: Fully Occupied 6-Unit Apartment Building Welcome to your next lucrative investment venture! We're thrilled to present to you a prime real estate opportunity nestled in the heart of east Sunnyslope, boasting a fully occupied 6-unit apartment building that's generating exceptional returns. This C-class property stands out with its impressive features, promising steady income and substantial growth potential. Key Highlights: Stable Income: This property is fully occupied, ensuring a consistent cash flow from day one. With all units leased, you can count on reliable monthly income without the hassle of vacancies. High Yield: At an impressive 8.3% cap rate, this investment promises excellent returns compared to industry standards. Your money works hard for you, delivering attractive yields and long-term wealth accumulation. 3 **Charming Amenities**: Residents enjoy the convenience of storage rooms, providing additional space for their belongings. Plus, some units offer the luxury of private backyards, perfect for relaxation and outdoor activities. New landscaping adds to the property's appeal, enhancing its curb appeal and attracting quality tenants. Income Stability: Investing in multi-unit properties offers diversification and resilience. Even during economic downturns, rental properties tend to remain stable, providing a hedge against market volatility. Investment Details: ª **Location**: Strategically situated in a desirable neighborhood, this property benefits from proximity to schools, parks, shopping centers, and public transportation, ensuring high tenant demand. Tenant Profile: The current tenant base consists of reliable, long-term occupants, reflecting the property's appeal and management quality. Value-Add Potential**: While already performing exceptionally well, there's still room for value enhancement. Consider implementing minor upgrades or rent optimizations to further boost profitability and property appreciation. Low Maintenance: With satisfied tenants and well-maintained units, you'll experience minimal operational headaches. Enjoy passive income with peace of mind, knowing that your investment is in good hands. Why Invest Now? The real estate market is heating up, and opportunities like this don't come by often. Secure your financial future with a proven income-generating asset that offers stability, growth, and remarkable returns. Whether you're a seasoned investor or a newcomer to real estate, this property aligns perfectly with your investment objectives. Don't miss out on this chance to own a fully occupied 6-unit apartment building with exceptional income potential and value-added opportunities. Act now to seize this golden investment opportunity and start reaping the rewards of passive income and long-term wealth accumulation. Disclaimer: All financial figures and investment returns are estimates and subject to market conditions. Buyers are advised to conduct their own Due Diligence
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FeaturesGeneralSewer Public Sewer
Heating Individual Heat Pump Window/Wall Unit(s)
Cooling Individual Heat Pump Wall/Window Unit(s) Ceiling Fan(s)
Roof Composition Foam
Zoning R-4
Construction Materials Painted Stucco Adobe Block Frame - Wood
Year Built 1957
Electric APS Master Meter
Tenant Pays Cable TV
Tax Year 2023
Percent Ownership Fee Simple
Gross Income 115876.2
Community Features No Pool
County Maricopa
Net Operating Income 90922.0
Operating Expense 24554.0
Insurance Expense 3503.0
Property Type Multiple Dwellings
Attached Garage N
Garage Y/N N
Status Pending
Directions North on 11 St and property is on the right side of the street
City Phoenix
Buyer Agent Compensation 3.00
Disclosures Seller Prop Disc Stm APOD/Backup Avaible Sch of Personal Prop
View Y/N N
High School District Glendale Union High School District
Open Parking Spaces 10.0
NumberOfUnitsTotal 6
Lot Size Square Feet 0.0
Carport Y/N N
Street Name 11th
Tax Annual Amount 1958.0
Electric Expense 5880.0
Fuel Expense 1990.0
Water Sewer Expense 4993.0
Lease Renewal Y/N N
Additional Parcels Y/N Y
Lease Considered Y/N N
Rent Control Y/N N
Virtual Tour https://tours.arizonarealtours.com/2235247?idx=1
Days on Market 43
Standard Status Pending
Elementary School District Washington Elementary District
Tax Lot 0
Cap Rate 8.3
Buyer Agent Compensation Type %
New_sp_Financing_co_Conventional5 True
Ownership Fee Simple
Senior Community N
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InteriorFlooring Ceramic Tile
Air Conditioning Y/N Y
Heating Y/N Y
Street Suffix Street
Electric On Property Y/N N
Total Baths 0
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ExteriorParking Features Free 1 Space/Unit Street Parking
Water Source City Franchise Master Meter
Total Parking 10.0
Lot Size Area 0.0
Number of Buildings 2
Spa N
Lot Dimensions irr
Lot Size Acres 0.0
Road Surface Type Asphalt
Covered Spaces 0.0
Crops Included Y/N N
Open Parking Y/N N
Irrigation Water Rights Y/N N
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* Excluded FeaturesList ByGerchick Real EstateBroker
Linda@justsoldit.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $7,278
- Monthly Property Taxes
- $163
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Phoenix, AZ
Average List Price $1,363,429
Percent of Sale Price 25%
About Phoenix, AZ 1,596,463 Population
20% Since 2002
$ 51,132 Median Income
34.66 Median Age
32% Households with Children
Trends Information provided by ATTOM Data Solutions.
4327134 Elementary School
4327258 Middle School
Unknown High School High School
Pricing HistoryDate | Price | Price Change | Description |
---|
4/18/2024 | $1,095,000 | | Listed Price |