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1001 N 9TH Street, Phoenix, AZ 85006
$1,675,000
































Property Type:
Multiple Dwellings
Status:
Active
Current Price:
$1,675,000
Last Modified:
8/23/2025
Description
An exceptional investment opportunity to own a stabilized, income-generating asset in one of Phoenix's most dynamic neighborhoods. This well-maintained, 8-unit apartment building features a mix of (2) 1 bedroom/1 bath units and (6) studio apartments. Updated Interiors include LVP or tile flooring throughout, as well as updated kitchens & bathrooms. All units have mini-split heat pumps and are individually metered for electricity, allowing tenant convenience and expense control. A strong rental demand in the area ensures immediate cash flow. Located just blocks from Roosevelt Row, Arts District, Chase Field, Footprint Center, local shops and dining, attribute to the strong appeal among tenants seeking an authentic Downtown Phoenix experience. Its proximity to major medical centers,
Supplements: including Banner, University Medical Center and St. Joseph's Hospital, makes it particularly attractive to traveling nurses and other healthcare professionals. Additionally, the property's location near Arizona State University's downtown campus appeals to visiting faculty, students, and business travelers. Commuting is a breeze with nearby public transportation and easy connections to I-10, I-17, SR51 and Loop 202.
More Information MLS# 6908655
Contract Info
Current Price: $1,675,000
List Price: $1,675,000
Status: Active
List Date: 2025-08-19
Ownership: Fee Simple
Location Tax Legal
House Number: 1001
Compass: N
Street Name: 9TH
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85006
Zip4: 2775
County Code: Maricopa
Subdivision: BRILLS ADDITION AMD
Assessor Number: 116-31-114
Tax Year: 2024
General Property Description
Lot Size Dimensions: 137'x50'
Year Built: 1984
Uncvrd Parking Spcs: 9
Total # of Units: 8
# of Buildings: 1
Zoning: R3
Flood Zone: No
Elementary School District: Phoenix Elementary District
High School District: Phoenix Union High School District
Elementary School: Garfield School
Jr. High School: Garfield School
High School: North High School
Remarks Misc
Cross Street: 9th Street & Roosevelt
Directions: From 7th St, turn East on Roosevelt. Property is located on NWC of 9th St and Roosevelt. Entrance on Roosevelt.
Geo Lat: 33.458789
Geo Lon: -112.061706
Legal Info
Township: 1N
Range: 3E
Section: 4
Lot Number: 1
Income Expenses
Gross Annual Sch Inc: 95640
Net Operating Income: 84196
Showing Notification Methods
Showing Service: Non-MLS Showing Service - See Private Remarks
Efficiency Units
# Efficiency Units: 6
Avg Rent: 918
Avg SqFt: 266
# Baths: 1
1 Bedroom Units
# 1 Bedroom Units: 2
Avg Rent: 1218
Avg SqFt: 410
# Baths: 1
Contact Info
List Agent Home Phn: 602-910-9585
Property Features
Project Type: 5 - 12 Units
Construction: Wood Frame
Const - Finish: Stucco
Roofing: Built-Up
Floors: Vinyl; Ceramic Tile
Sale Includes: Land & Building
Community Features: No Pool
Exterior Amenities: Desert Landscaping; Partially Fenced; Security Light(s)
Interior Amenities: Unfurnished; Fire/Smoke Alarm(s); Mini Blinds; Drapes
Appliances Included: Free-Standing Range; Refrigerator; Microwave
Heating: Heat Pump
Cooling: Electric; Heat Pump
Water Source: City Franchise
Sewer: Sewer - Public
Electric: APS; Individual Meter
Gas: None
Parking Features: >1 Space Per Unit; Free; Paved
Owner Pays: Water; Trash Collection
Tenant Pays: Electricity
Source of Fincl Data: Owner; Projected Proforma
Special: Owner/Agent
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
Existing 1st Loan: Treat as Free&Clear
Existing 1st Ln Type: Not Applicable
Existing 1st Ln Trms: Not Applicable
Existing 2nd Loan: Treat as Free&Clear
Existing 2nd Ln Type: Not Applicable
Existing 2nd Ln Trms: Not Applicable
Existing 3rd Loan: Treat as Free&Clear
Existing 3rd Ln Type: Not Applicable
Existing 3rd Ln Trms: Not Applicable
Existing Othr Ln Trm: Not Applicable
New Financing: Cash; Conventional; No Carry; 1031 Exchange
Environmental: None
Listing Office: HomeSmart
Last Updated: August - 23 - 2025

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