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Sold for $999,000 on 12/06/24
  • $999,000

    9033-9047 N 11th St, Phoenix, AZ 85020

    6beds
    6baths
    --sqft
    Multi Family
    Built in 1957
    -- sqft lot
    $977,100 Zestimate®
    $--/sqft
    $2,326 Estimated rent

    What's special

    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-See additional information 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

    Zillow last checked: 7 hours ago

    Listing updated: December 07, 2024 at 01:11am

    Listed by:

    Linda S Gerchick 602-688-9279,

    Gerchick Real Estate

    Bought with:

    Jose Cereceres, SA679247000

    Pak Home Realty

    Source: ARMLS,MLS#: 6693096MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 6
    • Bathrooms: 6
    Heating
    • Individual, Heat Pump, Window/Wall Unit(s)
    Cooling
    • Ceiling Fan(s), Wall/Window Unit(s), Heat Pump, Individual
    Appliances
    • Included: Refrigerator
    Features
    • Flooring: Ceramic Tile

    Property

    Parking
    • Total spaces: 10
    • Parking features: Free, 1 Space/Unit, On Street
    • Uncovered spaces: 10
    Details
    • Parcel number: 15935111
    • Zoning: R-4

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Wood Frame, Painted, Stucco, Adobe, Block
    • Roof: Composition,Foam
    Condition
    • Year built: 1957

    Utilities & green energy

    • Electric: APS, Master Meter
    • Sewer: Public Sewer
    • Water: Master Meter, City Franchise

    Community & neighborhood

    Community
    • Community features: No Pool
    Location
    • Region: Phoenix

    Other

    Other facts
    • Listing terms: No Carry,Conventional
    • Ownership: Fee Simple
    • Road surface type: Asphalt
    Services availability