Phoenix AZ Multi Family for Sale
- Type:
- Multi-Family
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1949
- Baths:
- MLS#:
- 6755715
View additional info
Courtesy: Gerchick Real Estate
602-688-9279
ADDITIONAL INFORMATION
Fully Occupied: All 6 units leased, ensuring stable rental income. 8.3% Cap Rate: High-yield returns outperform industry standards. Prime Location: Close to schools, parks, shopping centers, and public transit. Tenant Amenities: Includes storage rooms and private backyards for select units. Long-Term Tenants: Stable tenant base with long-term leases. New Landscaping: Enhances curb appeal and attracts quality tenants. Value-Add Potential: Opportunity for upgrades or rent optimization. Low Maintenance: Well-maintained units ensure minimal operational issues. Income Stability: Multi-unit properties offer steady cash flow. Growth Potential: Secure this asset in a rising market.
- Type:
- Multi-Family
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1958
- Baths:
- MLS#:
- 6755433
View additional info
Courtesy: Gerchick Real Estate
602-688-9279
ADDITIONAL INFORMATION
Must buy 9047 N 11 St concurrently. The numbers are accurate and Tenants are Government Assisted Tenanted. Please see the Supplemental Remarks for all information. Drive by only. *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.*
- Type:
- Multi-Family
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1980
- Baths:
- MLS#:
- 6753569
View additional info
Courtesy: Gerchick Real Estate
602-688-9279
ADDITIONAL INFORMATION
8-unit property fully leased to a reputable sober living company. NNN Lease: Tenant covers all property expenses (taxes, insurance, maintenance). Total Renovations: Over $200,000 invested in upgrades. New Bathrooms with tile showers - $50,000. Updated Flooring throughout - $40,000. New Appliances installed - $10,000. Fresh Interior & Exterior Paint - $35,000. Enhanced Security: Steel fence, new doors, and surveillance cameras - $40,000. Recent HVAC & Hot Water Heater Upgrades - $34,000. Stable Income: Long-term lease provides predictable cash flow with minimal management. Disclaimer: Verify all financials and lease terms independently. ### Investment Opportunity: Fully Leased 8-Unit Property in Phoenix, AZ **Location**: 801 E Dunlap Ave, Phoenix, AZ **Overview:** This exceptional investment opportunity presents a fully leased 8-unit property master leased to a reputable sober living company. Located in the heart of Phoenix, AZ, this property is strategically positioned to offer stable income with minimal management responsibilities. **NNN Lease Structure Explained:** The property operates under a Triple Net (NNN) lease, where the tenant assumes responsibility for all property expenses including taxes, insurance, and maintenance costs. This ensures predictable cash flow for the investor without the typical day-to-day management hassles. **Property Highlights:** - **Recent Renovations:** Over $200,000 in recent upgrades including: - New bathrooms featuring tile showers ($50,000) - Updated flooring throughout ($40,000) - New or replaced appliances ($10,000) - Fresh interior and exterior paint ($35,000) - Modern kitchen upgrades including new cabinets ($10,000) - Enhanced security with a steel fence and new exterior doors ($10,000) - Upgraded finishes and lighting fixtures ($1,500) - Improved laundry facilities ($2,000) - Installation of surveillance cameras for added security ($22,000, operational status verified) - Updated hot water heaters and AC units installed within the last 5 years ($34,000) **Financial Overview:** - **Lease Terms:** Long-term master lease with a reputable sober living company covering 100% of expenses. - **Income Stability:** Predictable rental income with all expenses paid by the tenant, offering a hassle-free investment opportunity. - **Capital Expenditures:** Recent renovations ensure reduced maintenance costs and increased tenant satisfaction, enhancing property value and marketability. **Investment Considerations:** This property represents an attractive opportunity for investors seeking stable cash flow and minimal management involvement. With a strong lease in place and recent capital improvements, it stands as a secure investment in the vibrant Phoenix real estate market. *Disclaimer: Buyers are encouraged to verify all financial figures and lease terms independently.* This marketing piece emphasizes the property's attractive investment potential, highlighting the NNN lease structure, recent renovations, and the stable income stream from a long-term tenant.
$1,475,000
8939 N 8TH Street Phoenix, AZ 85020
- Type:
- Multi-Family
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1987
- Baths:
- MLS#:
- 6749873
View additional info
Courtesy: Gerchick Real Estate
602-688-9279
ADDITIONAL INFORMATION
**Overview:** This meticulously upgraded 8-unit apartment complex offers a unique investment opportunity or a versatile property for various uses. The building features a comprehensive renovation and several high-quality enhancements, positioned in a competitive rental market. **Unit Mix:** - **6 Units:** 1-bedroom apartments - **2 Units:** 2-bedroom, 1-bath apartments - **1 Office Unit:** This is one of the units. Currently used as an office space with a remodeled bathroom. The seller is willing to convert this unit into to a one bedroom apartment if requested prior to the close of escrow. SEE Supplement **Renovations & Upgrades:** - **Apartment Upgrades (Rehabbed in 2024):** - **Units 1-7:** Thoughtful updates include new flooring and completely remodeled bathrooms. **Apartment 1** features the most extensive renovations, including full wall and flooring replacements. - **Bathrooms:** All bathrooms have been remodeled with new flooring, plumbing, toilets, showers, tiling, and cabinets. Each renovation cost approximately $12,000 per apartment. - **Office/Storage Space (Purple Door):** - **Building Addition:** Added for approximately $100,000, this versatile space can be used for office purposes or additional storage. - **Exterior Enhancements:** - **Brick Patio:** Installed in 2019 at a cost of $15,000, featuring TV and power outlets for enhanced tenant enjoyment. - **Security Gate:** Added in 2015 for $5,000, providing additional security. - **New Brick Wall:** A $5,000 investment for added privacy and security between the property and 801 E Dunlap. - **New Mailboxes and Stand:** Installed in August 2024 for $500, providing a fresh and organized mail solution. **Property Features:** - **Laundry Room:** Convenient on-site laundry facility. - **Storage Units:** Two storage units are included with the property. - **Tenant Amenities:** All units come equipped with microwaves, refrigerators, and stoves. - **Gated Property:** Added security and privacy for residents. - **Vacant Property:** Currently vacant to allow for diverse use options, such as a sobriety house or rental for cash flow. **Investment Potential:** With recent extensive renovations and a range of enhancements, this property is ideal for a variety of uses. Its current vacancy allows for flexible applications, whether for immediate rental income or specialized uses. **Buyer Information:** - **Note:** Buyers must confirm all facts and figures to ensure accuracy.
- Type:
- Multi-Family
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1980
- Baths:
- MLS#:
- 6732554
View additional info
Courtesy: eXp Realty
888-897-7821
ADDITIONAL INFORMATION
Find your prime investment opportunity today! This is an 8-unit low-rise complex. Built in 1980, but was extensively upgraded in 2023, making it a turnkey investment with significant potential for income growth. Offering a mix of two standalone 2-bedroom, 2-bathroom units and six 2-bedroom, 1-bathroom units, with modern amenities and high-quality finishes. Each unit features spacious living areas, updated kitchens and bathrooms, and individual storage units. The complex also boasts ample parking with 24 spaces and a well-maintained exterior. The proximity to major employers, shopping centers, hiking trails, and parks puts it in a highly desirable location, this property is perfect for long term tenants!
$1,049,000
9033-9047 N 11th Street Phoenix, AZ 85020
- Type:
- Multi-Family
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1957
- Baths:
- MLS#:
- 6693096
View additional info
Courtesy: Gerchick Real Estate
602-688-9279
ADDITIONAL INFORMATION
BACK ON MARKET_BUYER DID NOT PERFORM ALL BINSER REPAIRS DONE-Investment Opportunity: Fully Occupied 6-Unit Apartment Building-WOW! Use 2 residential loans to purchase! 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 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
$579,000
9028 N 11TH Street Phoenix, AZ 85020
- Type:
- Multi-Family
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1944
- Baths:
- MLS#:
- 6691433
View additional info
Courtesy: SRL Group
480-612-0367
ADDITIONAL INFORMATION
Renovated, positive cash flowing 4 plex in the heart of Central Phoenix.Interior amenities include; new plumbing, new wood plank vinylflooring, new interior paint, fully equippedkitchens with stainless appliances and newcounter tops, updated bathrooms, new hardware, lighting, and shutters throughout. Additionally, the sewer line and exterior plumbing was all just replaced. New electrical panels installed throughout, new exterior paint , new landscaping, and new fencing. There is a common laundry area and separate storage, and all units are separately metered. Close to Route 51, Interstate 10, Downtown Phoenix, and Biltmore.
$799,999
9404 N 2ND Place Phoenix, AZ 85020
- Type:
- Multi-Family
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1947
- Baths:
- MLS#:
- 6682813
View additional info
Courtesy: ES Realty
602-688-0424
ADDITIONAL INFORMATION
Excellent investment opportunity awaits with this listing! Comprised of four two-bedroom/1 bath units. All of the units have been fully renovated. The property shares a courtyard with another 4 plex property that is also for sale separately at 102 E Hatcher Rd MLS #6682798. Take advantage of financing options like a conventional loan with only 5% down. Perfect opportunity to occupy 1 unit and rent out the other three.
$679,999
102 E HATCHER Road Phoenix, AZ 85020
- Type:
- Multi-Family
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1948
- Baths:
- MLS#:
- 6682798
View additional info
Courtesy: ES Realty
602-688-0424
ADDITIONAL INFORMATION
Excellent investment opportunity awaits with this listing! Comprised of four one-bedroom/1 bath units. Three of the four units have been fully renovated. The property shares a courtyard with another 4 plex property that is also for sale separately at 9404 N 2nd Pl MLS #6682813. Take advantage of financing options like a conventional loan with only 5% down. Perfect opportunity to occupy 1 unit and rent out the other three.
$625,000
8916 N 11 Street Phoenix, AZ 85020
- Type:
- Multi-Family
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1964
- Baths:
- MLS#:
- 6658575
View additional info
Courtesy: Gerchick Real Estate
602-688-9279
ADDITIONAL INFORMATION
Searching for the perfect investment opportunity in the charming Sunnyslope neighborhood of Phoenix? Look no further! We are excited to introduce you to a unique property that combines the charm of a duplex with the potential to build a fourplex, all in the heart of Sunnyslope, with fantastic amenities and employment opportunities nearby. see suppliment remarks **Property Details:** - 2 Units individually metered for Electric - Condition: Excellent - Lot Approval: Ready to Build a Fourplex-all reports and plans included - Nearby Amenities: Beautiful Park Across the Street **Duplex Features:** - Impeccably maintained - Spacious living areas - Private outdoor spaces - Ideal for both owner-occupants and investors **Fourplex Potential:** - Approved lot for a fourplex - Capitalize on the strong demand for multi-family units - Increase your rental income and investment portfolio **Neighborhood Highlights:** - Proximity to top employers in the area - Convenient access to major highways - Excellent schools nearby - Thriving local businesses and restaurants - Beautiful park right across the street, perfect for outdoor activities
Information deemed reliable but not guaranteed. Copyright 2024 Arizona Regional Multiple Listing Service, Inc. All rights reserved. The ARMLS logo indicates a property listed by a real estate brokerage other than this broker. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.
Phoenix Real Estate
The median home value in Phoenix, AZ is $248,600. This is lower than the county median home value of $272,900. The national median home value is $219,700. The average price of homes sold in Phoenix, AZ is $248,600. Approximately 47.8% of Phoenix homes are owned, compared to 41.63% rented, while 10.58% are vacant. Phoenix real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Phoenix real estate agent to arrange a tour today!
Phoenix, Arizona 85020 has a population of 1,574,421. Phoenix 85020 is less family-centric than the surrounding county with 31.53% of the households containing married families with children. The county average for households married with children is 31.95%.
The median household income in Phoenix, Arizona 85020 is $52,080. The median household income for the surrounding county is $58,580 compared to the national median of $57,652. The median age of people living in Phoenix 85020 is 33.3 years.
Phoenix Weather
The average high temperature in July is 104.7 degrees, with an average low temperature in January of 44.2 degrees. The average rainfall is approximately 9.5 inches per year, with 0 inches of snow per year.