9404 2Nd Pl Phoenix, AZ 85020

Property Details for 9404 2Nd Pl

Year built

1947

Property size

3,000 SF

Property type

Commercial real estate

APN

159-44-040

Description

Exceptional investment opportunity in Phoenix, Arizona, presents this fully renovated, four-unit apartment building located at 9404 N 2nd Pl, 85020. This fee-simple property boasts 3,000 square feet of net rentable space, situated on a 7,307 square foot lot. Each of the four units features two bedrooms and one bathroom, offering a desirable rental profile. Built in 1947 and extensively renovated in 2022, the property is in excellent condition and benefits from 100% occupancy. The asking price is $799,999, translating to $266.67 per square foot and $199,999.75 per unit. The property is zoned R1-6, providing flexibility for future use. This single-story building presents a compelling opportunity for investors seeking strong cash flow and potential appreciation. The property shares a courtyard with another fourplex (MLS #6682798, located at 102 E Hatcher Rd), offering potential for synergistic ownership. This property is an ideal investment for those seeking a turnkey operation with immediate rental income. Conventional financing options are available with a low 5% down payment. Consider the potential of owner-occupancy, utilizing one unit while generating rental income from the remaining three. This is a rare opportunity to acquire a well-maintained, high-occupancy multifamily property in a desirable Phoenix location.