$380,000
Phoenix, AZ 85020
MLS# 6919976
1 / 11
Property Description
ATTENTION: THIS IS A 2 UNIT PROPERTY AND YOU MUST BUY THE FOURPLEX NEXT DOOR. fully occupied 6-unit apartment building, offering consistent cash flow with significant income growth and value-add potential. This property represents a rare opportunity to acquire a stable, income-producing asset with strong long-term appreciation prospects. Buyers may purchase both properties using two separate Residential Loans, a single Commercial Loan, or potentially qualify through a DCR loan, providing flexible financing options to maximize investment potential.
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $380,000
List Price: $380,000
Status: Active
List Date: 2025-09-11
Location, Tax & Legal
Assessor's Map #: 35
Legal Description (Abbrev): LOT 30 WALTMORE MCR 002914
Assessor's Parcel #: 112
Assessor Parcel Ltr: A
Add'l Parcels: Yes
Tax Municipality: Phoenix
Census Tract: 104702
Taxes: 580.5
Legal: LOT 30 WALTMORE MCR 002914
Marketing Name: WALTMORE
House Number: 9033
Compass: N
Street Name: 11TH
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85020
Zip4: 2627
County Code: Maricopa
Subdivision: WALTMORE
Assessor Number: 159-35-112-A
Tax Year: 2024
General Property Description
# of Buildings: 2
Uncvrd Parking Spcs: 2
Lot Size Dimensions: 70.23-49.39-70.23-49.39
Flood Zone: No
Total # of Units: 2
Elementary School District: Washington Elementary School District
High School District: Glendale Union High School District
Elementary School: Sunnyslope Elementary School
Jr. High School: Sunnyslope Elementary School
High School: Sunnyslope High School
Year Built: 1958
Zoning: R-4
Legal Info
Range: 3E
Section: 28
Township: 3N
Lot Number: 30
Project Type
Duplex: 1
Construction
Wood Frame: 1
Const - Finish
Painted: 1
Stucco: 1
Roofing
Built-Up: 1
Floors
Ceramic Tile: 1
Sale Includes
Land & Building: 1
Income & Expenses
Annual Elec Exp: 1925
Annual Ins Exp: 1751
Annual Landscape Exp: 350
Annual Maint Exp: 1280
Annual Wtr/Swr Exp: 1685
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 7571.5
Other Income: 1000
Vacancy Allowance: 0.03
Adjusted Gross Inc: 39149.2
Pmt & Rate Info
Cap Rate: 7.64
Equity: 390000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Showing Service: Aligned Showings
Text: 1
Email: 1
Phone Call: 1
Lockbox Type
Supra: 1
Community Features
No Pool: 1
Heating
Heat Pump: 1
Individual: 1
Window/Wall Unit(s): 1
Cooling
Ceiling Fan(s): 1
Heat Pump: 1
Window/Wall Unit: 1
Exterior Amenities
Fenced: 1
Cable TV Available: 1
Tenant Pays
Cable TV: 1
Appliances Included
Disposal: 1
Built-In Range: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
Free: 1
1 Space/Unit: 1
Electric
APS: 1
Gas
SW Gas: 1
Owner Pays
Water: 1
Sewer: 1
Electric: 1
Gas: 1
Trash Collection: 1
Landscaping: 1
New Financing
Cash: 1
Conventional: 1
Existing 1st Loan
Treat as Free&Clear: 1
Reports/Disclosures
Seller Prop Disc Stm: 1
Environmental
None: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
# 1 Bedroom Units: 2
Avg Rent: 1640
Avg SqFt: 450
# Baths: 1
2 Bedroom Units
Avg Rent: 0
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Cross Street: N 7th St and E Hatcher Rd
Directions: Head north on N 7th St. Turn right onto E Hatcher Rd. Turn right onto North 11th St. Home will be on the left.
Geo Lat: 33.569032
Geo Lon: -112.05928
Income Expenses
Gross Annual Sch Inc: 39360
Net Operating Income: 29788.5
Property Features
Project Type: Duplex
Construction: Wood Frame
Const - Finish: Painted; Stucco
Roofing: Built-Up
Floors: Ceramic Tile
Sale Includes: Land & Building
Community Features: No Pool
Exterior Amenities: Fenced; Cable TV Available
Appliances Included: Built-In Range; Disposal
Heating: Individual; Heat Pump; Window/Wall Unit(s)
Cooling: Ceiling Fan(s); Heat Pump; Window/Wall Unit
Water Source: City Franchise
Sewer: Sewer - Public
Electric: APS
Gas: SW Gas
Parking Features: 1 Space/Unit; Free
Road Surface Type: Asphalt
Owner Pays: Water; Electric; Gas; Trash Collection; Landscaping
Tenant Pays: Cable TV
Source of Fincl Data: Owner
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: Supra
Existing 1st Loan: Treat as Free&Clear
New Financing: Cash; Conventional
Environmental: None
Listing Office: Pak Home Realty
Last Updated: January - 12 - 2026
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