9847 N 11th Ave, Phoenix, AZ 85021

Great fourplex at a 6.5% cap rate with a lot of potential in the revitalizing Sunnyslope neighborhood! The Unit mix consists of all two bedrooms and one bathroom, approximately 715 square feet each. Unit 1 and 4 are paying $1,195 per month until September 2023. Notices went out for Unit 2 and 3 who are paying $880 MTM. They can renew at $1195 or go at the new month to month rate of $1295 effective 12/1/22. Adjacent fourplexes are also for sale at 9831-9837 N 11th Avenue to combine for 12 units.