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
1001 N 9TH Street, Phoenix, AZ 85006- MLS# 6908655
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