9201 N 12th St 7 Unit Apartment Building $1,095,000 ($156,429/Unit) 7.20% Cap Rate Phoenix, AZ 85020

Welcome to 9201 N 12th Street, a rare, fully remodeled 7-unit multifamily investment opportunity in the heart of North Phoenix. This well-maintained property sits on a generous 0.32-acre lot, offering both functionality and strong income potential.
Property Highlights:
Fully Leased & Renovated: Each of the seven 1-bedroom, 1-bath units has been completely upgraded, blending modern finishes with durable design.
Year Built & Updates: Originally constructed in 1974, the building has undergone significant renovations as recently as 2023, positioning it for long-term stable performance.
Income & Occupancy: The building is currently 100% occupied, delivering strong cash flow.
There are 14 parking spaces onsite, including 10 covered spots — a very attractive amenity in this area.
The property features central heating and air conditioning, and an onsite Washer/Dryer
Location Benefits:
Located just off the 51 Freeway, the property offers easy access for commuting and connectivity across Phoenix. Desirable Neighborhood: Nestled in the North Mountain neighborhood, the area is known for its quiet, residential feel, with sidewalks, walkability, and a dog-friendly community.
Community & Schools: The property is served by the Glendale Union High School District and Washington Elementary School District.
Nearby Amenities: Residents benefit from proximity to shopping, dining, and entertainment, plus easy access to outdoor recreation like North Mountain Park.
Value Proposition:
This is an ideal investment for someone looking to own a turnkey multifamily asset in Phoenix. With full occupancy, modern finishes, and strong cash flow, 9201 N 12th Street offers both stability and upside. The combination of location, recent renovation, and amenity-rich units makes it appealing to a broad tenant base — from young professionals to long-term renters.