9047 N 11TH Street, Phoenix, AZ 85020

$580,000
Property Type: Multiple Dwellings Status: Closed
Current Price: $580,000 Last Modified: 8/15/2025

Description

LET''S BE CLEAR THIS IS A 4 UNIT Property and YOU MUST BUY THE DUPLEX NEXT DOOR. See the listing at 9033 N 11 St concurrently. The numbers are accurate and Tenants are Government Assisted Leases. Please see the Supplemental Remarks for all information. Drive by only. NO FHA OR VA LOANS but you could buy both properties using two separate Residential Loans or both with a Commercial Loan. Should be able to buy with a DCR loan as well. Buyer to verify all facts and figures

Supplements: *Investment Opportunity: Fully Occupied 6-Unit Apartment Building** Welcome to your next lucrative investment venture! We're thrilled to present to you a prime real estate opportunity nestled in the heart of east Sunnyslope, boasting a fully occupied 6-unit apartment building that's generating exceptional returns. This C-class property stands out with its impressive features, promising steady income and substantial growth potential. **Key Highlights:** = **Stable Income**: This property is fully occupied, ensuring a consistent cash flow from day one. With all units leased, you can count on reliable monthly income without the hassle of vacancies. =° **High Yield**: At an impressive 8.3% cap rate, this investment promises excellent returns compared to industry standards. Your money works hard for you, delivering attractive yields and long-term wealth accumulation. <3 **Charming Amenities**: Residents enjoy the convenience of storage rooms, providing additional space for their belongings. Plus, some units offer the luxury of private backyards, perfect for relaxation and outdoor activities. New landscaping adds to the property's appeal, enhancing its curb appeal and attracting quality tenants. <á **Income Stability**: Investing in multi-unit properties offers diversification and resilience. Even during economic downturns, rental properties tend to remain stable, providing a hedge against market volatility. **Investment Details:** ª **Location**: Strategically situated in a desirable neighborhood, this property benefits from proximity to schools, parks, shopping centers, and public transportation, ensuring high tenant demand. ª **Tenant Profile**: The current tenant base consists of reliable, long-term occupants, reflecting the property's appeal and management quality. ª **Value-Add Potential**: While already performing exceptionally well, there's still room for value enhancement. Consider implementing minor upgrades or rent optimizations to further boost profitability and property appreciation. ª **Low Maintenance**: With satisfied tenants and well-maintained units, you'll experience minimal operational headaches. Enjoy passive income with peace of mind, knowing that your investment is in good hands. **Why Invest Now?** The real estate market is heating up, and opportunities like this don't come by often. Secure your financial future with a proven income-generating asset that offers stability, growth, and remarkable returns. Whether you're a seasoned investor or a newcomer to real estate, this property aligns perfectly with your investment objectives. Don't miss out on this chance to own a fully occupied 6-unit apartment building with exceptional income potential and value-added opportunities. Act now to seize this golden investment opportunity and start reaping the rewards of passive income and long-term wealth accumulation. *Disclaimer: All financial figures and investment returns are estimates and subject to market conditions. Buyers are advised to conduct their own due diligence before making any investment decisions.*

More Information MLS# 6755433

Contract Info

Current Price: $580,000 Sold Price: $580,000 Status: Closed List Date: 2024-09-10 Ownership: Fee Simple

Location Tax Legal

House Number: 9047 Compass: N Street Name: 11TH St Suffix: Street City/Town Code: Phoenix State/Province: AZ Zip Code: 85020 Zip4: 2627 County Code: Maricopa Subdivision: WALTMORE Assessor Number: 159-35-111 Tax Year: 2024

General Property Description

Lot Size Dimensions: irr Year Built: 1958 Uncvrd Parking Spcs: 6 Total # of Units: 4 # of Buildings: 1 Zoning: R-4 Flood Zone: Yes High School District: Glendale Union High School District

Remarks Misc

Cross Street: 11 St and Hatcher Directions: North on 11 St and property is on the right side of the street Geo Lat: 33.569279 Geo Lon: -112.059282

Status Change Info

Off Market Date: 2024-11-11 Under Contract Date: 2024-11-11 Close of Escrow Date: 2024-12-11 Sold Price: $580,000

Income Expenses

Gross Annual Sch Inc: 73392 Net Operating Income: 58786

Showing Notification Methods

Showing Service: Aligned Showings

1 Bedroom Units

# 1 Bedroom Units: 4 Avg Rent: 1700 # Baths: 1

Sold Info

Loan Type: Conventional Loan Years: 30 Payment Type: Fixed Closing Cost Split: Normal - N Buyer Concession $/%: % Seller Concession to Buyer: 2 Seller Concession $/%: %

Property Features

Project Type: Four Plex Construction: Block Const - Finish: Painted; Stucco Roofing: Foam Floors: Ceramic Tile Sale Includes: Land & Building; Personal Property Community Features: No Pool Appliances Included: Free-Standing Range; Refrigerator Heating: Individual; Heat Pump; See Remarks Cooling: Ceiling Fan(s); Individual; See Remarks Water Source: City Franchise; Master Meter Sewer: Sewer - Public Electric: APS; Individual Meter Gas: None Parking Features: On Street; >1 Space Per Unit Owner Pays: Water; Trash Collection Tenant Pays: Cable TV; Other (See Remarks) Source of Fincl Data: Owner Lockbox Type: See Private Remarks; None New Financing: Cash; Conventional; No Carry Environmental: None
Listing Office: Gerchick Real Estate
Last Updated: August - 15 - 2025
9047 N 11TH Street, Phoenix, AZ 85020- MLS# 6755433
Copyright 2024 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.