''The 9 At Papago'' is a fully occupied multi-family property in an extremely high demand rental area. It is perfectly located in close proximity to Arcadia, Scottsdale, Tempe, Papago Park, Sky Harbor Airport, and a short drive to downtown Phoenix. Vacancy is extremely low as tenants love the quiet street, 12 lighted covered parking spots (rare for this property class), and proximity to all major freeways.The rear free standing home was built in 1959, while the front building with 8 units was built in 1984. All apartments feature 2 beds + 1 bath with generous interior square footage. 8 leases are currently m-t-m, making it easy to increase rents or place new tenants. Tremendous VALUE ADD potential to perform cosmetic updates and add en-suite washer/dryer to maximize the top end rent.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
