9201 N 12th St
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9201 N 12th St
7 Unit Apartment Building $1,125,000 ($160,714/Unit) 7.05% Cap Rate Phoenix, AZ 85020
Executive Summary
Discover an excellent investment opportunity with this fully remodeled 7-unit apartment complex, updated in 2024. Each unit features modern finishes, ensuring appeal to quality tenants. The property includes onsite washer and dryer facilities, providing convenience for residents while generating additional revenue.
All units are equipped with individual HVAC systems for optimal comfort. Units 1 and 2 have separate electrical meters, allowing tenants to cover their own utility costs, while units 3 through 7 are on a common meter, with electricity expenses currently covered by the owner.
This property offers a great mix of income potential and updated amenities, making it a solid addition to your investment portfolio. Don't miss this opportunity to own a turnkey multifamily asset with excellent cash flow potential!
All units are equipped with individual HVAC systems for optimal comfort. Units 1 and 2 have separate electrical meters, allowing tenants to cover their own utility costs, while units 3 through 7 are on a common meter, with electricity expenses currently covered by the owner.
This property offers a great mix of income potential and updated amenities, making it a solid addition to your investment portfolio. Don't miss this opportunity to own a turnkey multifamily asset with excellent cash flow potential!
Property Facts
| Price | $1,125,000 | Apartment Style | Low Rise |
| Price Per Unit | $160,714 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.32 AC |
| Cap Rate | 7.05% | Building Size | 2,425 SF |
| No. Units | 7 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1974/2024 |
| Property Subtype | Apartment |
| Price | $1,125,000 |
| Price Per Unit | $160,714 |
| Sale Type | Investment |
| Cap Rate | 7.05% |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.32 AC |
| Building Size | 2,425 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1974/2024 |
Unit Amenities
- Air Conditioning
- Ceiling Fans
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 3 | - | 550 |
| 1+1 | 2 | - | 500 |
| 1+1 | 1 | - | 440 |
| 1+1 | 1 | - | 400 |
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Walk Score ®
Very Walkable (70)
Bike Score ®
Very Bikeable (73)
PROPERTY TAXES
| Parcel Number | 159-34-138A | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $12,947 |
PROPERTY TAXES
Parcel Number
159-34-138A
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$12,947
zoning
| Zoning Code | R-3 |
| R-3 |
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9201 N 12th St
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