$590,000
Phoenix, AZ 85020
MLS# 6919996
1 / 7
Property Description
ATTENTION: THIS IS A 4 UNIT PROPERTY AND YOU MUST BUY THE DUPLEX 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: $590,000
List Price: $590,000
Status: Active
List Date: 2025-09-15
Location, Tax & Legal
Assessor's Map #: 35
Legal Description (Abbrev): LOT 30 WALTMORE MCR 002914
Assessor's Parcel #: 111
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 104702
Taxes: 945.84
Legal: LOT 30 WALTMORE MCR 002914
Marketing Name: Package 6 units
House Number: 9047
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: 159-35-111
Tax Year: 2024
General Property Description
# of Buildings: 1
Uncvrd Parking Spcs: 6
Lot Size Dimensions: irr
Flood Zone: Yes
Total # of Units: 4
Elementary School District: Glendale Elementary District
High School District: Glendale Union High School District
Year Built: 1958
Zoning: R-4
Project Type
Four Plex: 1
Construction
Block: 1
Const - Finish
Painted: 1
Stucco: 1
Roofing
Foam: 1
Floors
Ceramic Tile: 1
Sale Includes
Land & Building: 1
Personal Property: 1
Income & Expenses
Annual Elec Exp: 3850
Annual Ins Exp: 1751
Annual Landscape Exp: 350
Annual Maint Exp: 1000
Annual Wtr/Swr Exp: 3371
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 11267.84
Other Income: 3168
Vacancy Allowance: 0.03
Adjusted Gross Inc: 81503.28
Pmt & Rate Info
Cap Rate: 11.6
Equity: 600000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Showing Service: Aligned Showings
Lockbox Type
See Private Remarks: 1
None: 1
Community Features
No Pool: 1
Heating
Heat Pump: 1
Individual: 1
See Remarks: 1
Cooling
Ceiling Fan(s): 1
Individual: 1
See Remarks: 1
Exterior Amenities
Curb(s) & Gutter(s): 1
Tenant Pays
Cable TV: 1
Other (See Remarks): 1
Appliances Included
Refrigerator: 1
Free-Standing Range: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Water Source
City Franchise: 1
Master Meter: 1
Sewer
Sewer - Public: 1
Parking Features
On Street: 1
>1 Space Per Unit: 1
Electric
APS: 1
Individual Meter: 1
Gas
None: 1
Owner Pays
Water: 1
Sewer: 1
Electric: 1
Trash Collection: 1
New Financing
Cash: 1
Conventional: 1
No Carry: 1
Reports/Disclosures
Seller Prop Disc Stm: 1
APOD/Backup Avaible: 1
Sch of Personal Prop: 1
Environmental
None: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
# 1 Bedroom Units: 3
Avg Rent: 1550
Avg SqFt: 312
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 1
Avg Rent: 2088
Avg SqFt: 774
# Baths: 1
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Cross Street: 11 St and Hatcher
Directions: North on 11 St and property is on the right side of the street
Geo Lat: 33.569279
Geo Lon: -112.059282
Income Expenses
Gross Annual Sch Inc: 80856
Net Operating Income: 69588.16
Property Features
Project Type: Four Plex
Construction: Block
Const - Finish: Painted; Stucco
Roofing: Foam
Floors: Ceramic Tile
Sale Includes: Land & Building; Personal Property
Community Features: No Pool
Exterior Amenities: Curb(s) & Gutter(s)
Appliances Included: Free-Standing Range; Refrigerator
Heating: Individual; Heat Pump; See Remarks
Cooling: Ceiling Fan(s); Individual; See Remarks
Water Source: City Franchise; Master Meter
Sewer: Sewer - Public
Electric: APS; Individual Meter
Gas: None
Parking Features: On Street; >1 Space Per Unit
Road Surface Type: Asphalt
Owner Pays: Water; Electric; Trash Collection
Tenant Pays: Cable TV; Other (See Remarks)
Source of Fincl Data: Owner
Lockbox Type: See Private Remarks; None
New Financing: Cash; Conventional; No Carry
Environmental: None
Listing Office: Pak Home Realty
Last Updated: January - 12 - 2026
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