9648 N 12th Avenue, Phoenix, AZ 85021
- $999,000
- 8
- BD
- 8
- BA
- List Price
- $999,000
- Days on Market
- 79
- Status
- ACTIVE
- MLS#
- 7045461
- City
- Phoenix
- Bedrooms
- 8
- Bathrooms
- 8
- Subdivision
- Foothill Lots
- Year Built
- 1987
Property Description
Mountain View 8 Units consists of six one-bedroom/one-bathroom units and two studio units, offering investors a strong cash-flowing multifamily opportunity in North Central Phoenix. Built in 1987, the property features two-story wood-frame construction with a flat roof. Recent capital improvements include new mini-split HVAC systems in all units and various interior upgrades. The property is 100% occupied and generates $8,325 per month ($99,900 annually) in gross rental income. Investors can benefit from immediate cash flow with additional upside through light cosmetic improvements and rental growth. The parcel located directly in front of the property is also included in the sale, providing added value and future potential.
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Additional Information
- High School
- Sunnyslope High School
- Community Features
- No Pool
- Construction
- Block, Wood Frame, Slump Block, Painted, Stucco
- Cooling
- Electric
- Electric
- APS
- Heating
- Electric
- New Financing
- Conventional, 1031 Exchange, No Carry, Cash
- Parking Features
- Open, Paved, >1 Space Per Unit
- Roofing
- Foam, Rolled/Hot Mop
- Subdivision
- Foothill Lots
- Taxes
- $11,361
- Tax Year
- 2025
- Tenant Pays
- Electricity
- Units
- 8
- Water
- City Franchise
- Zoning
- R-4
Courtesy of Compass. 480-776-1555
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