9648 North 12th Avenue Phoenix, AZ 85021

Building Details

Year Built

1987

Listing agency Compass z***@thecotygroup.com Show Phone

Listed by Zachary Coty · License #SA697361000 Show Phone

Source Compass

Added: Jun 4 Updated: Jul 21 at 3:26AM Checked: Jul 22 at 9:31AM

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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.

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

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FAQs

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 North 12th Avenue Phoenix, AZ.

What is the asking price?

The asking price for this property is $999,000.

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