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9208 N 10th St 4 Unit Apartment Building $884,208 CAD ($221,052 CAD/Unit) 6.85% Cap Rate Phoenix, AZ 85020
Investment Highlights
- Close To 51 Freeway
- Great Rental Property
- Recently Remodeled
Executive Summary
Remodeled Home with Three Additional Rental Units
Unique investment or owner-occupant opportunity featuring a fully remodeled 2 Bedroom, 1 Bath front home with three separate 1-bedroom rental units located in the rear of the property.
The front house has been fully renovated with new HVAC, new electrical, and new plumbing, along with luxury vinyl plank flooring, new cabinets, countertops, and appliances including a gas stove and above-range microwave. The layout includes a kitchen, family room, and laundry room with washer/dryer hookups, plus covered parking and a private yard.
The front house is individually metered for electricity, while the three rear units are master-metered for water and electric, offering additional rental income potential.
Unique investment or owner-occupant opportunity featuring a fully remodeled 2 Bedroom, 1 Bath front home with three separate 1-bedroom rental units located in the rear of the property.
The front house has been fully renovated with new HVAC, new electrical, and new plumbing, along with luxury vinyl plank flooring, new cabinets, countertops, and appliances including a gas stove and above-range microwave. The layout includes a kitchen, family room, and laundry room with washer/dryer hookups, plus covered parking and a private yard.
The front house is individually metered for electricity, while the three rear units are master-metered for water and electric, offering additional rental income potential.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$74,396
|
$38.65
|
| Other Income |
$3,414
|
$1.77
|
| Vacancy Loss |
$544
|
$0.28
|
| Effective Gross Income |
$77,266
|
$40.14
|
| Taxes |
$1,615
|
$0.84
|
| Operating Expenses |
$15,616
|
$8.11
|
| Total Expenses |
$17,231
|
$8.95
|
| Net Operating Income |
$60,035
|
$31.19
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $74,396 |
| Annual Per SF | $38.65 |
| Other Income (CAD) | |
|---|---|
| Annual | $3,414 |
| Annual Per SF | $1.77 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $544 |
| Annual Per SF | $0.28 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $77,266 |
| Annual Per SF | $40.14 |
| Taxes (CAD) | |
|---|---|
| Annual | $1,615 |
| Annual Per SF | $0.84 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $15,616 |
| Annual Per SF | $8.11 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $17,231 |
| Annual Per SF | $8.95 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $60,035 |
| Annual Per SF | $31.19 |
Property Facts
| Price | $884,208 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $221,052 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.22 AC |
| Cap Rate | 6.85% | Building Size | 1,925 SF |
| No. Units | 4 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1983/2024 |
| Property Subtype | Apartment | ||
| Zoning | R-4 - Multifamily Residence | ||
| Price | $884,208 CAD |
| Price Per Unit | $221,052 CAD |
| Sale Type | Investment |
| Cap Rate | 6.85% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.22 AC |
| Building Size | 1,925 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1983/2024 |
| Zoning | R-4 - Multifamily Residence |
Amenities
Unit Amenities
- Air Conditioning
- Microwave
- Ceiling Fans
- Kitchen
- Refrigerator
- Oven
- Walk-In Closets
- Yard
- Family Room
Site Amenities
- Fenced Lot
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | - | - |
1 1
Walk Score®
Very Walkable (82)
Bike Score®
Very Bikeable (78)
Property Taxes
| Parcel Number | 159-35-033A | Total Assessment | $12,715 CAD |
| Land Assessment | $0 CAD | Annual Taxes | $1,615 CAD ($0.84 CAD/SF) |
| Improvements Assessment | $0 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
159-35-033A
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$12,715 CAD
Annual Taxes
$1,615 CAD ($0.84 CAD/SF)
Tax Year
2025
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9208 N 10th St
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