Multifamily Building with 8
For Sale
$899,000
9648 N 12th Ave, Phoenix, AZ 85021
Built in 1987, the property offers six one-bedroom units and two studios, fully occupied with recent HVAC upgrades.
Property SizeContact for details
Days on Market132
Property Features for 9648 N 12th Ave
General Information
Standard status
Active
Property subtype
Residential Income
Occupancy
100%
Site & Location
Neighborhood
North Mountain
Additional Details
Business Included
Yes
Multifamily Units
8
Taxes and HOA fees
Annual Taxes
$11,361
Building Details
Year Built
1987
Stories
2
Tenancy
Multi
Listing Agency:
Compass
(480) 776-1555
Listed By:
Zachary Coty · License #SA697361000
(602) 516-4767
Source:
Exprealty
Added: Jun 23
Changed: Oct 25
Last Checked: Oct 30 at 7:47PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Compass
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Investment Insights
Based on property information with market context.
Mountain View is an 8-unit multifamily property built in 1987, featuring two-story wood-frame construction with a flat roof. The mix includes six one-bedroom, one-bathroom units and two studio units. Recent capital improvements include new mini-split HVAC systems in all units, along with various interior upgrades.
The property is 100% occupied and currently generates $8,325 per month in gross rental income ($99,900 annually). The parcel located directly in front of the property is also included in the sale, adding value and additional potential.
With the existing unit mix and updated mechanicals in place, this asset is positioned for immediate income generation and continued management of the property’s interiors and rents.
The property is 100% occupied and currently generates $8,325 per month in gross rental income ($99,900 annually). The parcel located directly in front of the property is also included in the sale, adding value and additional potential.
With the existing unit mix and updated mechanicals in place, this asset is positioned for immediate income generation and continued management of the property’s interiors and rents.
Key Highlights
- 8‑unit multifamily built in 1987 with two‑story wood‑frame construction and flat roof
- Unit mix: six 1‑bedroom/1‑bath units and two studio units
- 100% occupied with $8,325/month ($99,900/year) in gross rental income
Property Analytics
Who owns this building?
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Open Analytics
Lease Details
8
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
838
Businesses Nearby
Explore this area
Business Placement
Demographics for 85021, AZ
40,943
Population
18,136
Households
2.3
Avg Household Size
35
Median Age
33%
College-Educated
87%
High-School Grad
6.9 sq mi
ZIP Area
5,934
Density / Sq Mi
$58,481
Median Household Income
$38,147
Median Earnings
$1,221
Median Rent
$433,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Built in 1987, the property offers six one-bedroom units and two studios, fully occupied with recent HVAC upgrades.
Where is this apartment building located?
The property is located at 9648 N 12th Ave Phoenix, AZ.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: 8‑unit multifamily built in 1987 with two‑story wood‑frame construction and flat roof; Unit mix: six 1‑bedroom/1‑bath units and two studio units; 100% occupied with $8,325/month ($99,900/year) in gross rental income
