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Sold for $580,000
  • $580,000

    9047 N 11TH Street, Phoenix, AZ 85020

    6beds
    4baths
    --sqft
    Multi Family
    Built in 1958
    -- sqft lot
    $571,700 Zestimate®
    $--/sqft
    $1,443 Estimated rent

    Home value

    $571,700

    $543,000 - $600,000

    $1,443/mo

    Zestimate® history
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    What's special

    LET''S BE CLEAR THIS IS A 4 UNIT Property and YOU MUST BUY THE DUPLEX NEXT DOOR. See the listing at 9033 N 11 St concurrently. The numbers are accurate and Tenants are Government Assisted Leases. Please see the Supplemental Remarks for all information. Drive by only. NO FHA OR VA LOANS but you could buy both properties using two separate Residential Loans or both with a Commercial Loan. Should be able to buy with a DCR loan as well. Buyer to verify all facts and figures *Investment Opportunity: Fully Occupied 6-Unit Apartment Building** Welcome to your next lucrative investment venture! We're thrilled to present to you a prime real estate opportunity nestled in the heart of east Sunnyslope, boasting a fully occupied 6-unit apartment building that's generating exceptional returns. This C-class property stands out with its impressive features, promising steady income and substantial growth potential. **Key Highlights:** = **Stable Income**: This property is fully occupied, ensuring a consistent cash flow from day one. With all units leased, you can count on reliable monthly income without the hassle of vacancies. =° **High Yield**: At an impressive 8.3% cap rate, this investment promises excellent returns compared to industry standards. Your money works hard for you, delivering attractive yields and long-term wealth accumulation. <3 **Charming Amenities**: Residents enjoy the convenience of storage rooms, providing additional space for their belongings. Plus, some units offer the luxury of private backyards, perfect for relaxation and outdoor activities. New landscaping adds to the property's appeal, enhancing its curb appeal and attracting quality tenants. <a **Income Stability**: Investing in multi-unit properties offers diversification and resilience. Even during economic downturns, rental properties tend to remain stable, providing a hedge against market volatility. **Investment Details:** ª **Location**: Strategically situated in a desirable neighborhood, this property benefits from proximity to schools, parks, shopping centers, and public transportation, ensuring high tenant demand. ª **Tenant Profile**: The current tenant base consists of reliable, long-term occupants, reflecting the property's appeal and management quality. ª **Value-Add Potential**: While already performing exceptionally well, there's still room for value enhancement. Consider implementing minor upgrades or rent optimizations to further boost profitability and property appreciation. ª **Low Maintenance**: With satisfied tenants and well-maintained units, you'll experience minimal operational headaches. Enjoy passive income with peace of mind, knowing that your investment is in good hands. **Why Invest Now?** The real estate market is heating up, and opportunities like this don't come by often. Secure your financial future with a proven income-generating asset that offers stability, growth, and remarkable returns. Whether you're a seasoned investor or a newcomer to real estate, this property aligns perfectly with your investment objectives. Don't miss out on this chance to own a fully occupied 6-unit apartment building with exceptional income potential and value-added opportunities. Act now to seize this golden investment opportunity and start reaping the rewards of passive income and long-term wealth accumulation. *Disclaimer: All financial figures and investment returns are estimates and subject to market conditions. Buyers are advised to conduct their own due diligence before making any investment decisions.*

    Zillow last checked:

    Listing updated:

    Listed by:

    Linda S Gerchick 602-688-9279,

    Gerchick Real Estate

    Bought with:

    Jose Cereceres, SA679247000

    Pak Home Realty

    Source: ARMLS,MLS#: 6755433MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 6
    • Bathrooms: 4
    Heating
    • See Remarks, Individual, Heat Pump
    Cooling
    • Ceiling Fan(s), See Remarks, Individual
    Appliances
    • Included: Free-Standing Range, Refrigerator
    Features
    • Flooring: Ceramic Tile

    Property

    Parking
    • Total spaces: 6
    • Parking features: >1 Space Per Unit, On Street
    • Uncovered spaces: 6
    Details
    • Parcel number: 15935111
    • Zoning: R-4

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Painted, Stucco, Block
    • Roof: Foam
    Condition
    • Year built: 1958

    Utilities & green energy

    • Electric: APS, Individual Meter
    • Sewer: Public Sewer
    • Water: Master Meter, City Franchise

    Community & neighborhood

    Community
    • Community features: No Pool
    Location
    • Region: Phoenix
    • Subdivision: WALTMORE

    Other

    Other facts
    • Listing terms: No Carry,Conventional
    • Ownership: Fee Simple

    Price history

    DateEventPrice
    4/23/2026Listing removed$590,000
    Source: ARMLS #6919996 Report a problem
    1/12/2026Price change$590,000-1.7%
    Source: ARMLS #6919996 Report a problem
    9/15/2025Listed for sale$600,000+3.4%
    Source: ARMLS #6919996 Report a problem
    12/11/2024Sold$580,000-12.7%
    Source: ARMLS #6755433 Report a problem
    11/12/2024Pending sale$664,000
    Source: ARMLS #6755433 Report a problem
    11/5/2024Listed for sale$664,000
    Source: ARMLS #6755433 Report a problem
    10/28/2024Pending sale$664,000
    Source: ARMLS #6755433 Report a problem
    10/18/2024Price change$664,000-5.1%
    Source: ARMLS #6755433 Report a problem
    9/11/2024Listed for sale$700,000+55.6%
    Source: ARMLS #6755433 Report a problem
    6/30/2023Sold$450,000
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$932 +3.9%$34,530 -3.8%
    2024$897 +1.8%$35,900 +431.7%
    2023$882 +2%$6,752 -67.4%
    2022$865 +1.2%$20,700 +16.6%
    2021$854 +1.9%$17,750 +14.8%
    2020$838 +2.7%$15,460 +15.7%
    2019$816 $13,360 +19.2%
    2018$816 +0.5%$11,210 +27%
    2017$812 +10%$8,830 +9%
    2016$739 -4.2%$8,100 +19.6%
    2015$771 $6,770 +19.2%
    2014-- $5,680 +45.3%
    2013-- $3,910 -7.3%
    2012-- $4,220 -33.3%
    2011-- $6,330 -34.7%
    2010-- $9,700 -39.3%
    2009-- $15,980 -0.6%
    2008-- $16,080 +17.8%
    2007-- $13,650 +46.8%
    2006-- $9,300 +7.5%
    2005-- $8,650 +16.9%
    2004-- $7,400
    2003-- $7,400 +43.7%
    2002-- $5,150

    Find assessor info on the county website

    Neighborhood: North Mountain

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $571,700
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $571,700