9208 10Th St Phoenix, AZ 85020
- Residential income homes
- 1,900 SF
Current Use by Public Records
- Residential income homes
Property Details for 9208 10Th St
- Property size
- 1,900 SF
- Property type
- Residential income homes
- APN
- 159-35-033-A
Description
This Phoenix multifamily investment property, located at 9208 N 10th St, 85020, presents a compelling opportunity. The stabilized, Class C property consists of two buildings totaling approximately 1,900-2,000 square feet on a 9,634 square foot lot (APN 159-35-033-A). Currently boasting 100% occupancy with four units (a mix of one and two-bedroom apartments), this fourplex generates a substantial net operating income (NOI) of $41,574, yielding a 6.50% cap rate at an asking price of $640,000. Two units underwent renovations in January 2024. The property is zoned R-4 and benefits from its location in a thriving neighborhood with convenient access to amenities and public transportation. A detailed rent roll is available upon request, and property tours are scheduled following contract acceptance. This is an exceptional opportunity for investors seeking a stable, high-performing asset in a desirable Phoenix location.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Phoenix
- County
- Maricopa
- State
- Arizona
- Longitude
- -112.0609223
- Latitude
- 33.569853
