For Sale
$640,000

9208 10Th StPhoenix, AZ 85020

High-Demand, Fully Occupied, 4 Units

Overview

Added:
Dec 11, 2024
Days on market:
116
This Phoenix multifamily investment property, located at 9208 N 10th St, 85020, presents a compelling opportunity. The stabilized, Class C property consists of two buildings totaling approximately 1,900-2,000 square feet on a 9,634 square foot lot (APN 159-35-033-A). Currently boasting 100% occupancy with four units (a mix of one and two-bedroom apartments), this fourplex generates a substantial net operating income (NOI) of $41,574, yielding a 6.50% cap rate at an asking price of $640,000. Two units underwent renovations in January 2024. The property is zoned R-4 and benefits from its location in a thriving neighborhood with convenient access to amenities and public transportation. A detailed rent roll is available upon request, and property tours are scheduled following contract acceptance. This is an exceptional opportunity for investors seeking a stable, high-performing asset in a desirable Phoenix location.

Highlights

  • $640,000 Asking Price
  • Multifamily investment property, Class C, consisting of a fourplex (two buildings) with four units.
  • 100% occupancy, generating a $41,574 Net Operating Income (NOI) and a 6.50% cap rate.
  • Located in Phoenix, AZ, at 9208 N 10th St, on a 9,634 sq ft lot (APN: 159-35-033-A), zoned R-4.
  • Total square footage is approximately 1,900-2,000 sq ft, with one-story buildings. Two units were remodeled in January 2024.

Property Details for 9208 10Th St

Property type
Residential income homes, Apartment buildings
Square Feet
1,900 SF
Class
C
Buildings
2
Stories
1
Units
4

Location Insight

City
Phoenix
County
Maricopa
State
Arizona
Latitude
33.569853
Longitude
-112.0609223
9208 10Th St, Phoenix, Arizona

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9208 10Th St
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