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6 APTs w/ 8.56 cap/Can use RES Financing 9033-9047 N 11th St

6 Unit Apartment Building $999,000 ($166,500/Unit) 9.12% Cap Rate Phoenix, AZ 85020

Investment Highlights

  • 8.69 Cap Rate
  • Backyards in some units
  • Buy with Residential Financing as there are 2 parcels
  • Mostly Government Leases
  • Back on Market-Buyer did not perform-ALL BINSR REPAIRS COMPLETED!!!!
  • One Building has a new Roof

Executive Summary

**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.
?? **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:**
?? **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.
Schedule a viewing today to witness the potential of this outstanding property firsthand. Contact us now to take the first step toward securing your financial future!
*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.*
East Sunnyslope is a vibrant neighborhood located in Phoenix, Arizona, known for its picturesque desert landscapes and close proximity to outdoor recreational opportunities. Situated in the northern part of the city, East Sunnyslope offers residents and visitors alike a blend of urban amenities and natural beauty.
One notable feature of East Sunnyslope is the presence of the HonorHealth John C. Lincoln Medical Center. This esteemed hospital serves as a cornerstone of the community, providing comprehensive healthcare services to residents in the area. With state-of-the-art facilities and a dedicated team of healthcare professionals, the John C. Lincoln Medical Center offers a range of medical specialties, including emergency care, surgical services, and primary care.
In addition to its healthcare facilities, East Sunnyslope boasts easy access to outdoor activities, including hiking. Nature enthusiasts and adventure seekers will find themselves spoiled for choice with a variety of hiking trails nearby. Just a short drive from East Sunnyslope, the Phoenix Mountain Preserve offers miles of scenic trails suitable for hikers of all skill levels. Trails such as the Dreamy Draw Loop Trail and the Piestewa Peak Summit Trail provide stunning views of the surrounding desert landscape and are popular destinations for outdoor enthusiasts.
For those looking for a more leisurely outdoor experience, the nearby Dreamy Draw Recreation Area offers picnic areas and ramadas, perfect for enjoying a day out with family and friends. Whether you're seeking a challenging hike or a peaceful stroll through the desert, East Sunnyslope provides easy access to the natural beauty of the Phoenix area.
With its convenient location, healthcare amenities, and abundance of outdoor recreational opportunities, East Sunnyslope offers residents a fulfilling lifestyle in the heart of the Arizona desert. Whether you're exploring the rugged terrain of the nearby mountains or seeking medical care at the John C. Lincoln Medical Center, East Sunnyslope has something to offer everyone.

Financial Summary (Actual - 2023) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income $99,999 $9.99
Vacancy Loss $99,999 $9.99
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2023) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual $99,999
Annual Per SF $9.99
Vacancy Loss
Annual $99,999
Annual Per SF $9.99
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts Under Contract

Price $999,000
Price Per Unit $166,500
Sale Type Investment
Cap Rate 9.12%
Gross Rent Multiplier 8.75
No. Units 6
Property Type Multifamily
Property Subtype Apartment
Apartment Style Garden
Building Class C
Lot Size 0.27 AC
Building Size 4,800 SF
Average Occupancy 100%
No. Stories 1
Year Built/Renovated 1957/2022

Unit Amenities

  • Air Conditioning
  • Cable Ready
  • Kitchen
  • Range
  • Tub/Shower

Site Amenities

  • Fenced Lot
  • Storage Space

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+1 1 $1,760 774
Studios 5 $1,540 325
Walk Score ®
Very Walkable (80)
Bike Score ®
Very Bikeable (77)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

zoning

Zoning Code R-4
R-4
  • Listing ID: 31543943

  • Date on Market: 4/18/2024

  • Last Updated:

  • Address: 9033-9047 N 11th St, Phoenix, AZ 85020

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