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9938 W Century Dr 2 Unit Apartment Building $440,337 CAD ($220,168 CAD/Unit) 6.30% Cap Rate Arizona City, AZ 85123

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Executive Summary

• **SELLER MAY CARRY W/25% DOWN** Discover an outstanding investment opportunity in the heart of Arizona City! This well-maintained duplex features two 2-bedroom, 1-bathroom units, each offering 820 square feet of living space, making it an attractive choice for both tenants and investors.
• Unit 1 is currently occupied by a long-term Section 8 tenant, who treats it as their home and pays $975 per month. This unit has been equipped with a brand-new $5,000 air conditioning system, ensuring year-round comfort and efficiency.
• Unit 2 has recently been updated with fresh paint and new carpeting and is currently renting for $1,000 per month. Both units demonstrate strong rental income potential, contributing to excellent tenant satisfaction. The air conditioning units receive regular maintenance, guaranteeing reliable performance.
• Each unit has separate electricity and water meters, allowing tenants to manage their utility consumption independently, while the owner covers the sewer expenses. The property also offers ample parking and features low-maintenance landscaping, enhancing both functionality and convenience.

Financial Summary (Actual - 2024)

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income - -
Other Income - -
Vacancy Loss - -
Effective Gross Income $30,515 $18.58
Net Operating Income - -

Financial Summary (Actual - 2024)

Gross Rental Income (CAD)
Annual -
Annual Per SF -
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $30,515
Annual Per SF $18.58
Net Operating Income (CAD)
Annual -
Annual Per SF -

Property Facts

Price $440,337 CAD
Price Per Unit $220,168 CAD
Sale Type Investment
Cap Rate 6.30%
No. Units 2
Property Type Multifamily
Property Subtype Apartment
Building Class C
Lot Size 0.18 AC
Building Size 1,642 SF
Average Occupancy 100%
No. Stories 1
Year Built 2002
Zoning Rental Residential

Amenities

Unit Amenities

  • Air Conditioning
  • Cable Ready
  • Dishwasher
  • Disposal
  • Washer/Dryer Hookup
  • Heating
  • Ceiling Fans
  • Eat-in Kitchen
  • Kitchen
  • High Speed Internet Access
  • Refrigerator
  • Oven
  • Range
  • Tub/Shower
  • Carpet
  • Double Pane Windows
  • Linen Closet
  • Pantry
  • Patio
  • Porch

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+1 2 $1,355 CAD 820

Property Taxes

Property Taxes

Parcel Number
407-05-046
Land Assessment
$0 CAD (2025)
Improvements Assessment
$0 CAD (2025)
Total Assessment
$8,238 CAD (2025)
  • Listing ID: 35775155

  • Date on Market: 2025-05-07

  • Last Updated:

  • Address: 9938 W Century Dr, Arizona City, AZ 85123

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