1001 N 9th St - Apartments FOR SALE


Phoenix, AZ 85006- Roosevelt Row
$1,225,442 USD
480-329-6083
1001 N 9th St, Phoenix, AZ for Sale
$1,225,442 USD
Apartments - FOR SALE
1/25
null | 6.45% Cap Rate

1001 N 9th St
Phoenix, AZ 85006
Roosevelt Row


HIGHLIGHTS

  • ROOSEVELT ROW — Northeast corner of Roosevelt and 9th Street, steps from the arts district's galleries, restaurants and local boutiques.
  • DOWNTOWN EMPLOYMENT — Minutes from the central business district, ASU Downtown, sports venues and the I-10 / SR-51 interchange.
  • RENTER-DRIVEN DEMAND — Walkability and culture make the block highly desirable to the downtown renter base these efficient plans are built for.
  • INFILL CORRIDOR — New multifamily product is delivering directly adjacent, reinforcing values along one of Phoenix's most dynamic urban corridors.

OVERVIEW

Walkable downtown infill — steps from the Roosevelt Row Arts District, restaurants, galleries and major employment. Turnkey, rents at market — renovated studio and one-bedroom plans; all eight units leased. Low-maintenance operations — efficient floor plans, tenant-paid electricity, a 12.4% expense ratio. Seller-managed pride of ownership — cash, conventional or 1031 exchange; no carry.

FOR SALE DETAILS

PRICE

$1,225,442 USD

PRICE/SF

$456 USD /SF

# OF UNITS

8

PRICE/UNIT

$153,180

CAP RATE

6.45%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1984

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,852 SF

ZONING

R-5, Phoenix

APN/PARCEL ID

116-31-114

ASK ABOUT THIS PROPERTY

Eric HegartyLevRose Commercial Real EstateMore Info
480-329-6083

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Eric HegartyLevRose Commercial Real EstateMore Info
480-329-6083

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.