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9208 N 10th St 4 Unit Apartment Building $904,928 CAD ($226,232 CAD/Unit) 7% Cap Rate Phoenix, AZ 85020
Investment Highlights
- Close To 51 Freeway
- Great Rental Property
- Recently Remodeled
- Close to Shopping
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 |
$77,682
|
$40.35
|
| Other Income |
$4,242
|
$2.20
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$81,924
|
$42.56
|
| Taxes |
$1,678
|
$0.87
|
| Operating Expenses |
$16,232
|
$8.43
|
| Total Expenses |
$17,911
|
$9.30
|
| Net Operating Income |
$64,014
|
$33.25
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $77,682 |
| Annual Per SF | $40.35 |
| Other Income (CAD) | |
|---|---|
| Annual | $4,242 |
| Annual Per SF | $2.20 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $81,924 |
| Annual Per SF | $42.56 |
| Taxes (CAD) | |
|---|---|
| Annual | $1,678 |
| Annual Per SF | $0.87 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $16,232 |
| Annual Per SF | $8.43 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $17,911 |
| Annual Per SF | $9.30 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $64,014 |
| Annual Per SF | $33.25 |
Property Facts
| Price | $904,928 CAD | Building Class | C |
| Price Per Unit | $226,232 CAD | Lot Size | 0.22 AC |
| Sale Type | Investment | Building Size | 2,125 SF |
| Cap Rate | 7% | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1983/2024 |
| Property Subtype | Apartment | Parking Ratio | 3.29/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R-4 - Multifamily Residence | ||
| Price | $904,928 CAD |
| Price Per Unit | $226,232 CAD |
| Sale Type | Investment |
| Cap Rate | 7% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.22 AC |
| Building Size | 2,125 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1983/2024 |
| Parking Ratio | 3.29/1,000 SF |
| 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 | 1 | $2,294 CAD | 1,050 |
| 1+1 | 2 | $1,485 CAD | 450 - 515 |
| Studios | 1 | $1,343 CAD | 350 |
1 1
Fairly walkable
50/100
Very drivable
80/100
Some public transit
40/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 159-35-033A | Total Assessment | $13,216 CAD |
| Land Assessment | $0 CAD | Annual Taxes | $1,678 CAD ($0.79 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
$13,216 CAD
Annual Taxes
$1,678 CAD ($0.79 CAD/SF)
Tax Year
2025
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9208 N 10th St
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