6 months on rocket

9033-9047 N 11th St, Phoenix, AZ, 85020

$999,000

Home List Price

$10,000*

Closing Credit

0 Baths
House

Location

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9033-9047 N 11th St, Phoenix$999,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeOther
ParkingFree, 1 Space/Unit, Street Parking
Year Built1957
HeatingOther, Heat Pump
CoolingOther, Heat Pump, Wall/Window Unit(s), Ceiling Fan(s)
MLS #6693096
StatusActive

About 9033-9047 N 11th St

Investment Opportunity: Fully Occupied 6-Unit Apartment Building-WOW! Use 2 residential loans to purchase! 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-See additional information 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. 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: ยช **Location**: Strategically situated in a desirable neighborhood, this property benefits from proximity to schools, parks, shopping centers, and public transportation, ensuring high tenant demand. Tenant Profile: The current tenant base consists of reliable, long-term occupants, reflecting the property's appeal and management quality. 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. 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

Property Details

Property Features

Property Information:

  • Year Built: 1957

Listing Office:

  • Office Name: Gerchick Real Estate
  • Office Phone: (602) 688-9279
  • Listing Agent: Linda S Gerchick

Interior Features

Interior Information:

  • Flooring Type: Ceramic Tile

Exterior Features

Parking Information:

  • Parking: Free, 1 Space/Unit, Street Parking

Utilities

Utilities Information:

  • Heating: Other, Heat Pump
  • Cooling: Other, Heat Pump, Wall/Window Unit(s), Ceiling Fan(s)

School Info

Assigned Schools Information:

  • Phoenix Union Bioscience High School, Public District Grades 9-12
  • North High School, Public District Grades 9-12
  • Franklin Police and Fire High School, Public District Grades 9-12

Other

Directions Information:

  • Directions: North on 11 St and property is on the right side of the street

Price Information

Listing Price Info

Price Summary:

  • List Price: $999,000
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Housing Market Comparison

See how this home compares to others in Phoenix, AZ.

Med. Sold Price

$450.9K

Med. Price/SqFt

$284

Avg. Days On Market

62

# of Sold Homes

1291

9033-9047 N 11th St vs Phoenix

201 DAYS ON ROCKET

+139 Days

$999,000

+$548K More

KEY TAKEAWAY

This property is $548K more than the Median Sold Price in Phoenix, AZ.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Arizona Regional Multiple Listing Service 2
  • MLS Number: #6693096

Listing Office:

  • Office Name: Gerchick Real Estate
  • Office Phone: (602) 688-9279
  • Listing Agent: Linda S Gerchick

IDX The data relating to real estate for sale on this site comes from the Broker Reciprocity/IDX of Arizona Regional Multiple Listing Service, Inc. Indicates a property listed by a real estate brokerage other than Rocket Homes Real Estate, LLC. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Arizona Regional Multiple Listing Service, Inc. do not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing. Information deemed reliable but not guaranteed. Copyright© 2024 Arizona Regional Multiple Listing Service, Inc. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/5/2024, 6:20:57 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

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Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

High School

school-card-donut-81466
10
/10
  • Phoenix Union Bioscience High School

  • 512 E Pierce St

  • 0.66 miles

  • Public District Grades 9-12

school-card-donut-81467
3
/10
  • North High School

  • 1101 E Thomas Rd

  • 2.15 miles

  • Public District Grades 9-12

school-card-donut-81468
6
/10
  • Franklin Police and Fire High School

  • 1645 W Mcdowell Rd

  • 2.36 miles

  • Public District Grades 9-12

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $22,955. The most common annual income of people living in Phoenix, AZ is less than $35k. Residents typically live in single, no kids family. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 9033-9047 N 11th St

What is the listing price of this property?

The listing price of 9033-9047 N 11th St property is $999,000.

What type of property is this?

The property 9033-9047 N 11th St is a house located in Phoenix, Arizona, 85020.

Is this property for sale now?

Active Listing: 9033-9047 N 11th St is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 9033-9047 N 11th St are:
Phoenix Union Bioscience High School: GreatSchools Rating 10/10
North High School: GreatSchools Rating 3/10
Franklin Police and Fire High School: GreatSchools Rating 6/10

Which year was this property built?

The year of construction for 9033-9047 N 11th St is 1957.

Rocket Homesโ€บArizonaโ€บMaricopa Countyโ€บPhoenixโ€บ85020โ€บ9033-9047 N 11th St

This home is located at 9033-9047 N 11th St in Phoenix, AZ and zip code 85020 in the Central City neighborhood. This home was built in 1957. It has been listed on Rocket Homes since April 18, 2024 and is currently priced at $999,000.

Phoenix, AZ housing market in October 2024 saw over 250 listings sold above listed price, more than 344 sold at listed price and over 697 sold below. In October 2024 in Phoenix, AZ there were 7.5% more homes for sale than in September 2024. In October 2024, listings were on the market for 62 days. During the same period, the median list price in this real estate market was $450,977.

From Rocket Homes Real Estate and based on county public records data.

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