9208 10Th StPhoenix, AZ 85020

Property Details for 9208 10Th St

Property size (Sq ft)

1,900 SF

Property type

Investment properties

Property subtype

Multifamily properties

Description

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.

Location Insight

City

Phoenix

County

Maricopa

State

Arizona

Latitude

33.5699

Longitude

-112.061

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