9404 N 2nd Pl 8 Unit Apartment Building $2,125,215 CAD ($265,652 CAD/Unit) 6.21% Cap Rate Phoenix, AZ 85020

This fully renovated eight-unit multi-family property offers a rare investment opportunity in the Sunnyslope neighborhood of Phoenix. Each unit includes two bedrooms and one bathroom, creating consistent functionality for tenants and strong long-term occupancy potential. Interior finishes have been completely updated with modern flooring, upgraded kitchen appliances, and refreshed layouts, minimizing immediate capital expenditures for a new owner.
Situated north of Downtown Phoenix, the property provides convenient access to major thoroughfares such as Interstate 17, State Route 51, and Loop 101, connecting residents to employment hubs, retail centers, and recreational destinations throughout the region. Located in a highly rentable residential corridor, the property benefits from proximity to Sunnyslope High School, local dining, and neighborhood services, while being just a short drive to Uptown and Midtown Phoenix districts.
This asset is well-suited for an investor seeking stabilized income, potential long-term appreciation, and multiple leasing configurations, including the option for owner occupancy of one unit while renting the others.