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$560,000
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Property Description
LET''S BE CLEAR THIS IS A 4 UNIT Property and YOU MUST BUY THE DUPLEX NEXT DOOR. See the listing at 9033 N 11 St concurrently. The numbers are accurate and Tenants are Government Assisted Leases. Please see the Supplemental Remarks for all information. Drive by only. NO FHA OR VA LOANS but you could buy both properties using two separate Residential Loans or both with a Commercial Loan. Should be able to buy with a DCR loan as well. Buyer to verify all facts and figures *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. <á **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. ª **Tenant Profile**: The current tenant base consists of reliable, long-term occupants, reflecting the property's appeal and management quality. ª **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. ª **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 before making any investment decisions.*
Full Property Details
Full Property Details for 9047 North 11th St
General
- Sold For: $560,000
- HOA FEE: $1,000
- Taxes: $910 (2024)
- Status: Closed
- Type: Multi-Family
- Source: ARMLS_Arizona_MLS_Phoenix_Area
- MLS ID: 6755433
- Added to Site: 569 day(s) ago
Interior
- Flooring: Ceramic Tile
Parking
- Total Spaces: 6
- Parking Features: >1 Space Per Unit, Street Parking
Location
- County: Maricopa
- Subdivision: WALTMORE
- Cross Streets: 11 St and Hatcher
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: See Remarks, Individual, Ceiling Fan(s)
- Heating Type: See Remarks, Individual, Heat Pump
Utilities
- Sewer: Public Sewer
- Water: City Franchise, Master Meter
Structural Information
- # Buildings: 1
- Exterior Const.: Painted, Stucco, Block
- Roof: Foam
- Year Built: 1958
Unit Information
- Vacancy %: .03
Lot Features
- Lot Dimensions: irr
- Frontage: Asphalt, Curbs and Gutters
- Zoning: R-4
Financial Considerations
- Maint. Fee/Month: $1,000
- Tax Amount: $910
- Tax Year: 2024
- Terms: No Carry, Conventional
- Owner Pays: Trash Collection, Water, Sewer
- Tenant Pays: See Remarks, Cable TV
Disclosures and Reports
- Legal Description: LOT 30 WALTMORE MCR 002914
- Property ID: 159-35-111-A
Listed by Gerchick Real Estate
Sold by Pak Home Realty
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Schools
Schools serving 9047 North 11th St
School Districts:Washington Elementary District, Glendale Union High School District
| Name | Grades | Distance |
|---|---|---|
Sunnyslope Elementary School 245 East Mountain View Road, Phoenix, AZ 85020 | K-8 | 0.8 mi |
Sunnyslope High School 35 West Dunlap Avenue, Phoenix, AZ 85021 | 9-12 | 1 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 9047 North 11th St
Date
Details
Price
Change
Source
12/11/2024
Sold
$560,000
-15.66%
MLS
10/18/2024
Price Reduced
$664,000
-5.14%
MLS
9/11/2024
Listed
$700,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
9047 N 11th Street, Phoenix, AZ 85020 (MLS# 6755433) is a Multi-Family property that was sold at $560,000 on December 11, 2024. Want to learn more about 9047 N 11th Street? Do you have questions about finding other Multi-Family real estate for sale in Phoenix? You can browse all Phoenix real estate or contact a Coldwell Banker agent to request more information.

