Phoenix, AZ 85020,9047 N 11TH Street
$560,000
Est. payment /mo
$664,000
15.7%
Est.Price: ?

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SOLD DATE : 12/11/2024

Key Details

Sold Price $560,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Subdivision Waltmore

MLS Listing ID 6755433

Sold Date 12/11/24

Maintenance Fees $1,000

Originating Board Arizona Regional Multiple Listing Service (ARMLS)

Year Built 1958

Annual Tax Amount $910

Tax Year 2024

Lot Dimensions irr

Property Description

LET''S BE CLEAR THIS IS A 4 UNIT Property and YOU MUST BUY THE DUPLEX NEXT DOOR. See the listing at 9033 N 11 St concurrently. The numbers are accurate and Tenants are Government Assisted Leases. Please see the Supplemental Remarks for all information. Drive by only. NO FHA OR VA LOANS but you could buy both properties using two separate Residential Loans or both with a Commercial Loan. Should be able to buy with a DCR loan as well. Buyer to verify all facts and figures *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.



**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.

ª **Tenant Profile**: The current tenant base consists of reliable, long-term occupants, reflecting the property's appeal and management quality.

ª **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.

ª **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 before making any investment decisions.*

Location

State AZ

County Maricopa

Community Waltmore

Zoning R-4

Direction North on 11 St and property is on the right side of the street

Interior

Heating See Remarks, Individual, Heat Pump

Cooling See Remarks, Individual, Ceiling Fan(s)

Flooring Ceramic Tile

Appliance F/S Oven/Range

Exterior

Parking Features >1 Space Per Unit, Street Parking

Community Features No Pool

Roof Type Foam

Total Parking Spaces 6

Building

Sewer Public Sewer

Water City Franchise, Master Meter

New Construction No

Schools

School District Glendale Union High School District

Others

Senior Community No

Tax ID 159-35-111-A

Acceptable Financing No Carry, Conventional

Listing Terms No Carry, Conventional

Financing Conventional

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Arizona Regional MLS (ARMLS)
Listed by Gerchick Real Estate
Bought with Pak Home Realty

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Kodi Riddle

+1(480) 624-8019

Associate Broker / Owner | License ID: BR514965000

Associate Broker / Owner License ID: BR514965000

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