9404 2Nd Pl, Phoenix, AZ 85020
- Commercial real estate
- 3,000 SF
Current Use by Public Records
- Commercial real estate
Property Details for 9404 2Nd Pl
- Year built
- 1947
- Property type
- Commercial real estate
- APN
- 159-44-040
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Dec 23, 2021 | $387,500 | 9404 N 2nd Operations LLC | Karen Dewall | Warranty Deed | $407k · Builder Finance INC |
| Dec 23, 2021 | — | Karen D Dewall | Charlotte Little | Special Warranty Deed | — |
| Apr 12, 2017 | — | Betker,gaylyn B Trust | Betker,gaylyn B | Quitclaim Deed · related | $123k |
| Aug 26, 2016 | — | Gaylyn B Betker | Betker,karen D | Quitclaim Deed · related | — |
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.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Phoenix
- County
- Maricopa
- State
- Arizona
- Longitude
- -112.0717867241
- Latitude
- 33.57167127768
