9511 N 12th Street, Phoenix, AZ 85020
- $600,000
- 8
- BD
- 5
- BA
- List Price
- $600,000
- Status
- ACTIVE
- Days on Market
- 0
- MLS#
- 7083496
- City
- Phoenix
- Bedrooms
- 8
- Bathrooms
- 5
- Year Built
- 1954
Property Description
9511 - 9517 N 12th Street is a rare opportunity for an operator to step into a true value-add asset with the financing flexibility, resale optionality, and scale that are hard to find in this price point. The in-place rents sit well below what the submarket is currently achieving, which leaves a clear runway for an incoming owner to renovate, reposition, and capture the spread without needing to bet on the market to do the work for them. The land and improvements are made up of four separate buildings and a duplex and triplex on separate lots arranged to give tenants a warm, secluded feel while still holding strong visibility off 12th St. That layout is a real operational advantage. It creates a courtyard-style environment that tenants stay in longer.
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Additional Information
- Taxes
- $829
- Net Operating Income
- $50,000
- Cap Rate
- 8.33
- Units
- 5
- Parking Features
- >1 Space Per Unit
- Construction
- Block, Painted
- Roofing
- Composition
- Cooling
- Window/Wall Unit
- Heating
- Zoned, Electric, Window/Wall Unit(s)
- Zoning
- R-3
- Subdivision
- Willis Homes
- Community Features
- No Pool
- Electric
- APS
- Water
- City Franchise
- Sewer
- Public Sewer
- Tenant Pays
- Electricity
- New Financing
- Conventional, Cash
Courtesy of Orion Investment Real Estate. 480-634-6934
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