Log In/Sign Up
Your email has been sent.
9208 N 10th St 4 Unit Apartment Building $650,000 ($162,500/Unit) 6.85% Cap Rate Phoenix, AZ 85020
Investment Highlights
- Close To 51 Freeway
- Great Rental Property
- Recently Remodeled
Executive Summary
Remodeled Home with Three Additional Rental Units
Unique investment or owner-occupant opportunity featuring a fully remodeled 2 Bedroom, 1 Bath front home with three separate 1-bedroom rental units located in the rear of the property.
The front house has been fully renovated with new HVAC, new electrical, and new plumbing, along with luxury vinyl plank flooring, new cabinets, countertops, and appliances including a gas stove and above-range microwave. The layout includes a kitchen, family room, and laundry room with washer/dryer hookups, plus covered parking and a private yard.
The front house is individually metered for electricity, while the three rear units are master-metered for water and electric, offering additional rental income potential.
Unique investment or owner-occupant opportunity featuring a fully remodeled 2 Bedroom, 1 Bath front home with three separate 1-bedroom rental units located in the rear of the property.
The front house has been fully renovated with new HVAC, new electrical, and new plumbing, along with luxury vinyl plank flooring, new cabinets, countertops, and appliances including a gas stove and above-range microwave. The layout includes a kitchen, family room, and laundry room with washer/dryer hookups, plus covered parking and a private yard.
The front house is individually metered for electricity, while the three rear units are master-metered for water and electric, offering additional rental income potential.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$54,690
|
$28.41
|
| Other Income |
$2,510
|
$1.30
|
| Vacancy Loss |
$400
|
$0.21
|
| Effective Gross Income |
$56,800
|
$29.51
|
| Taxes |
$1,187
|
$0.62
|
| Operating Expenses |
$11,480
|
$5.96
|
| Total Expenses |
$12,667
|
$6.58
|
| Net Operating Income |
$44,133
|
$22.93
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $54,690 |
| Annual Per SF | $28.41 |
| Other Income | |
|---|---|
| Annual | $2,510 |
| Annual Per SF | $1.30 |
| Vacancy Loss | |
|---|---|
| Annual | $400 |
| Annual Per SF | $0.21 |
| Effective Gross Income | |
|---|---|
| Annual | $56,800 |
| Annual Per SF | $29.51 |
| Taxes | |
|---|---|
| Annual | $1,187 |
| Annual Per SF | $0.62 |
| Operating Expenses | |
|---|---|
| Annual | $11,480 |
| Annual Per SF | $5.96 |
| Total Expenses | |
|---|---|
| Annual | $12,667 |
| Annual Per SF | $6.58 |
| Net Operating Income | |
|---|---|
| Annual | $44,133 |
| Annual Per SF | $22.93 |
Property Facts
| Price | $650,000 | Apartment Style | Low-Rise |
| Price Per Unit | $162,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.22 AC |
| Cap Rate | 6.85% | Building Size | 1,925 SF |
| No. Units | 4 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1983/2024 |
| Property Subtype | Apartment | ||
| Zoning | R-4 - Multifamily Residence | ||
| Price | $650,000 |
| Price Per Unit | $162,500 |
| Sale Type | Investment |
| Cap Rate | 6.85% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.22 AC |
| Building Size | 1,925 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1983/2024 |
| Zoning | R-4 - Multifamily Residence |
Amenities
Unit Amenities
- Air Conditioning
- Microwave
- Ceiling Fans
- Kitchen
- Refrigerator
- Oven
- Walk-In Closets
- Yard
- Family Room
Site Amenities
- Fenced Lot
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | - | - |
1 1
Walk Score®
Very Walkable (82)
Bike Score®
Very Bikeable (78)
Property Taxes
| Parcel Number | 159-35-033A | Total Assessment | $9,347 |
| Land Assessment | $0 | Annual Taxes | $1,187 ($0.62/SF) |
| Improvements Assessment | $0 | Tax Year | 2025 |
Property Taxes
Parcel Number
159-35-033A
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$9,347
Annual Taxes
$1,187 ($0.62/SF)
Tax Year
2025
1 of 19
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
9208 N 10th St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.