129 N 11th Avenue, Phoenix, AZ 85007
- $1,750,000
- 8
- BD
- 8
- BA
- List Price
- $1,750,000
- Status
- ACTIVE
- Days on Market
- 3
- MLS#
- 7100598
- City
- Phoenix
- Bedrooms
- 8
- Bathrooms
- 8
- Year Built
- 2019
Property Description
**RARE 5-Unit INVESTMENT OPPORTUNITY IN THE HEART OF DOWNTOWN PHOENIX!** Located in the desirable Woodland Historic District, this unique property offers incredible versatility with a modern single-family residence and four additional 1-bedroom apartments, all built in 2019! Whether you're looking to expand your investment portfolio, generate multiple rental income streams, or live on-site while renting out the additional units, this property offers endless possibilities! The spacious main residence features 4 bedrooms, 3.5 bathrooms, a den, bonus room, and a 1-car garage. Modern finishes include quartz countertops, stainless steel appliances, vaulted ceilings, and a walk-out patio. Quality block construction and a tile roof add to the appeal. Each of the four 1-bedroom apartments features a spacious great room, full kitchen, private bathroom, and its own washer and dryer. Covered parking and a gated courtyard provide added convenience and privacy. LOCATION, LOCATION, LOCATION! Enjoy easy access to everything Downtown Phoenix has to offer, including the Roosevelt Row Arts District, CityScape, ASU Downtown Campus, professional sporting events, entertainment venues, restaurants, shopping, and vibrant nightlife. An incredible opportunity to own a newer multi-unit property in one of Phoenix's most exciting urban locations. LIVE IN ONE, RENT THE OTHERS, OR MAXIMIZE YOUR INVESTMENT POTENTIAL!
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Additional Information
- Taxes
- $6,409
- Net Operating Income
- $108,000
- Cap Rate
- 6.17
- Units
- 5
- Parking Features
- 1 Space/Unit, Garage Door Opener, Attached Carport
- Construction
- Block, Metal Siding
- Roofing
- Tile, Built-Up
- Cooling
- Heat Pump, Electric, Ceiling Fan(s)
- Heating
- Heat Pump
- Zoning
- R5
- Subdivision
- El Fresnal
- Community Features
- No Pool, Barbecue
- Electric
- APS
- Water
- Individual Meter
- Sewer
- Public Sewer
- Tenant Pays
- Water, Sewer, Electricity, Trash Collection
- New Financing
- Conventional, 1031 Exchange, Cash
- Elementary School
- Paul Dunbar Lawrence School
- Middle School
- Phoenix #1 iAcademy
- High School
- Phoenix Union Bioscience High School
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