Mountain View 8 Units consists of six one-bedroom/one-bathroom units and two studio units, offering investors a strong cash-flowing multifamily opportunity in North Central Phoenix. Built in 1987, the property features two-story wood-frame construction with a flat roof. Recent capital improvements include new mini-split HVAC systems in all units and various interior upgrades. The property is 100% occupied and generates $8,325 per month ($99,900 annually) in gross rental income. Investors can benefit from immediate cash flow with additional upside through light cosmetic improvements and rental growth. The parcel located directly in front of the property is also included in the sale, providing added value and future potential.
Listed By
Agency Name: Compass
Agency Phone: 480-776-1555
Shown By
Agent Name: Andrei Gondec
Agent Phone: (602) 993-0024
Agency Title: Arizona Best Real Estate
Estimated Payment
$ 3,461.47 per month $2,223.34 Principal & Interest $946.75 Property Tax $291.38 Homeowner's Insurance
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9648 N 12th Avenue | MLS# 7045461
This multi-family property located at 9648 N 12th Avenue, Phoenix, AZ 85021 is currently listed for sale with an asking price of $999,000. N 12th Avenue is located within the Glendale Union High School District school district. Search Phoenix real estate on agondec.arizonabest.com today.