9201 N 12th St - Apartments FOR SALE


Phoenix, AZ 85020- North Mountain
$1,095,000 USD
602-550-8678
9201 N 12th St, Phoenix, AZ for Sale
$1,095,000 USD
Apartments - FOR SALE
1/20
null | 7.2% Cap Rate

9201 N 12th St
Phoenix, AZ 85020
North Mountain


HIGHLIGHTS

  • Covered Parking, Great Location, Easy Access to the 51 FWY, Close to Public Transportation, Easy to Rent

OVERVIEW

Welcome to 9201 N 12th Street, a rare, fully remodeled 7-unit multifamily investment opportunity in the heart of North Phoenix. This well-maintained property sits on a generous 0.32-acre lot, offering both functionality and strong income potential. Property Highlights: Fully Leased & Renovated: Each of the seven 1-bedroom, 1-bath units has been completely upgraded, blending modern finishes with durable design. Year Built & Updates: Originally constructed in 1974, the building has undergone significant renovations as recently as 2023, positioning it for long-term stable performance. Income & Occupancy: The building is currently 100% occupied, delivering strong cash flow. There are 14 parking spaces onsite, including 10 covered spots — a very attractive amenity in this area. The property features central heating and air conditioning, and an onsite Washer/Dryer Location Benefits: Located just off the 51 Freeway, the property offers easy access for commuting and connectivity across Phoenix. Desirable Neighborhood: Nestled in the North Mountain neighborhood, the area is known for its quiet, residential feel, with sidewalks, walkability, and a dog-friendly community. Community & Schools: The property is served by the Glendale Union High School District and Washington Elementary School District. Nearby Amenities: Residents benefit from proximity to shopping, dining, and entertainment, plus easy access to outdoor recreation like North Mountain Park. Value Proposition: This is an ideal investment for someone looking to own a turnkey multifamily asset in Phoenix. With full occupancy, modern finishes, and strong cash flow, 9201 N 12th Street offers both stability and upside. The combination of location, recent renovation, and amenity-rich units makes it appealing to a broad tenant base — from young professionals to long-term renters.

FOR SALE DETAILS

PRICE

$1,095,000 USD

PRICE/SF

$391 USD /SF

# OF UNITS

7

PRICE/UNIT

$156,429

CAP RATE

7.2%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1974

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.32 AC

LAND SF

13,939 SF

ZONING

C2

APN/PARCEL ID

159-34-138A

ASK ABOUT THIS PROPERTY

Jim PowersCR Property Services, Inc.More Info
602-550-8678

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Jim PowersCR Property Services, Inc.More Info
602-550-8678

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