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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



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.
• 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 | Building Class | C |
| Price Per Unit | $220,168 CAD | Lot Size | 0.18 AC |
| Sale Type | Investment | Building Size | 1,642 SF |
| Cap Rate | 6.30% | Average Occupancy | 100% |
| No. Units | 2 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 2002 |
| Property Subtype | Apartment | ||
| Zoning | Rental Residential | ||
| 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 |
1 1
Property Taxes
| Parcel Number | 407-05-046 | Improvements Assessment | $0 CAD (2025) |
| Land Assessment | $0 CAD (2025) | Total Assessment | $8,238 CAD (2025) |
Property Taxes
Parcel Number
407-05-046
Land Assessment
$0 CAD (2025)
Improvements Assessment
$0 CAD (2025)
Total Assessment
$8,238 CAD (2025)
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9938 W Century Dr
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