9424 N 9th Avenue, Phoenix, AZ 85021

$1,400,000
List Price
$1,400,000
Status
ACTIVE
Days on Market
10
MLS#
6728495
City
Phoenix
Year Built
1949

Property Description

The 9th Avenue Apartments offer a mix of one-bedroom/one-bathroom and two-bedroom/one-bathroom floor plans. The community consists of four duplexes and a freestanding home. This unique opportunity allows you to purchase a renovated asset with value-add opportunities across both operational and physical components of the property. Currently, 5 of the units are vacant because they are either being renovated or are in need of electrical metering, which the owner is currently installing.

Additional Information

Taxes
$1,277
Net Operating Income
$99,573
Cap Rate
7.11
Units
9
Flooring
Vinyl
Parking Features
Other (See Remarks), Paved Parking, Free
Construction
Painted, Stucco, Block, Frame - Wood
Roofing
Composition
Cooling
Central A/C, Electric, Wall/Window Unit(s), Ceiling Fan(s)
Heating
Electric
Zoning
C-2
Subdivision
Foothill Acres Lots 1-10
Community Features
No Pool
Electric
APS
Water
City Franchise, Master Meter, Submetered System, Individual Meter
Sewer
Public Sewer
Tenant Pays
Electricity, Water
New Financing
No Carry, Affordable Housing, Conventional, 1031 Exchange, VA Loan
School District
Glendale Union High School District

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Orion Investment Real Estate.

All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2024 Arizona Regional Multiple Listing Service, Inc. All rights reserved.