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1001 N 9th St
Phoenix, AZ 85006
Multifamily Property For Sale
·
8 Units
Investment Highlights
- eight well-positioned studio apartment units in one of the city's most rapidly evolving urban neighborhoods.
Executive Summary
Located in the heart of central Phoenix, 1001 North 9th Street presents an outstanding multifamily investment opportunity featuring eight well-positioned studio apartment units in one of the city's most rapidly evolving urban neighborhoods. This charming eightplex offers a strong blend of steady rental demand, functional unit layouts, and prime proximity to downtown Phoenix amenities. Each studio apartment is thoughtfully designed to maximize efficiency and comfort, appealing to tenants seeking affordable urban living with convenient access to employment centers, dining, entertainment, public transit, and nearby freeway connections. The property's classic character and practical configuration make it an attractive asset for both seasoned investors and owner-operators.
Property Facts
| Price Per Unit | $224,910 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.16 AC |
| Cap Rate | 6.55% | Building Size | 2,688 SF |
| Gross Rent Multiplier | 13.5 | Average Occupancy | 100% |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1984/2022 |
| Property Subtype | Apartment | Parking Ratio | 3.35/1,000 SF |
| Apartment Style | Mid-Rise | Opportunity Zone |
Yes
|
| Zoning | R-5, Phoenix - Valuable DOWNTOWN MultiFamily R-5 Zoned! | ||
| Price Per Unit | $224,910 CAD |
| Sale Type | Investment |
| Cap Rate | 6.55% |
| Gross Rent Multiplier | 13.5 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 2,688 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1984/2022 |
| Parking Ratio | 3.35/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R-5, Phoenix - Valuable DOWNTOWN MultiFamily R-5 Zoned! |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Microwave
- Ceiling Fans
- Tile Floors
- Refrigerator
- Range
- Tub/Shower
- Double Pane Windows
- Vinyl Flooring
- Quartz Countertops
Site Amenities
- Courtyard
- Public Transportation
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | - | 266 - 410 |
Property Taxes
| Parcel Number | 116-31-114 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $18,005 CAD |
Property Taxes
Parcel Number
116-31-114
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$18,005 CAD
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