9033-9047 N 11th Street Phoenix, AZ $ 1,095,000
9033-9047 N 11th Street
$ 1,095,000
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9033-9047 N 11th Street

Phoenix, AZ, 85020
$ 1,095,000
Baths0.0

Monthly Estimate*

$ 7,278

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View a Virtual Tour
Studio

Multi-Family Home for sale in Phoenix, AZ

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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Multi-Family Pending

Price

$ 1,095,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 1,958

Style

Multiple Dwellings

Year Built

1957

Town/City

Phoenix

County/Region

Maricopa

MLS | Web ID

6693096

Features
General
Sewer 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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Interior
Flooring 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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Exterior
Parking 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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Internal Only
Street Number 1 90339047
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* Excluded Features
List By
Gerchick Real Estate

Broker

Linda@justsoldit.com

Email

Affordability Calculator

$7,441
Per Month
98%
2%
0%
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.
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Nearby
4327134 Elementary School
4327258 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/18/2024$1,095,000 Listed Price

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9033-9047 N 11th Street, Phoenix, AZ, 85020 is a Multi-Family Home for sale at $1,095,000. 9033-9047 N 11th Street is a studio with 0.0 baths and was built in 1957. The property's zip code is 85020 which is in Phoenix, AZ