9047 N 11TH Street Active Save Request In-Person Tour Request Virtual Tour
Phoenix,AZ 85020
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision Waltmore
MLS Listing ID 6755433
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
Garage >1 Space Per Unit,Street Parking
Community Features No Pool
Waterfront No
Roof Type Foam
Parking Type >1 Space Per Unit,Street Parking
Total Parking Spaces 6
Building
Sewer Public Sewer
Water City Franchise,Master Meter
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