90339047 N 11th Street Phoenix, AZ 85020
UPDATED:
10/28/2024 05:10 AM
Key Details
Property Type Multi-Family
Listing Status Pending
Purchase Type For Sale
MLS Listing ID 6693096
Maintenance Fees $1,250
Originating Board Arizona Regional Multiple Listing Service (ARMLS)
Year Built 1957
Annual Tax Amount $1,979
Tax Year 2024
Lot Dimensions irr
Property Description
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
Location
State AZ
County Maricopa
Zoning R-4
Direction North on 11 St and property is on the right side of the street
Interior
Heating Individual, Heat Pump, Window/Wall Unit(s)
Cooling Individual, Heat Pump, Wall/Window Unit(s), Ceiling Fan(s)
Flooring Ceramic Tile
Appliance F/S Oven/Range
Exterior
Garage Free, 1 Space/Unit, Street Parking
Community Features No Pool
Waterfront No
Roof Type Composition,Foam
Parking Type Free, 1 Space/Unit, Street Parking
Total Parking Spaces 10
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
Acceptable Financing No Carry, Conventional
Listing Terms No Carry, Conventional
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