9404 N 2nd Pl - Apartments FOR SALE


Phoenix, AZ 85020- North Mountain
$1,500,000 USD
480-634-2320
9404 N 2nd Pl, Phoenix, AZ for Sale
$1,500,000 USD
Apartments - FOR SALE
1/14
null | 6.21% Cap Rate

9404 N 2nd Pl
Phoenix, AZ 85020
North Mountain


HIGHLIGHTS

  • Fully renovated four-unit property featuring two-bedroom, one-bathroom layouts in each unit.
  • Positioned within an active rental market near schools, retail amenities, and public transportation.
  • Convenient access to major highways, including I-17 and SR-51, within a few minutes’ drive.
  • Shared courtyard space adds tenant appeal and community connectivity.
  • Close proximity to employment centers in Uptown Phoenix, Downtown Phoenix, and surrounding submarkets.
  • Currently configured for investor or owner-occupant flexibility with financing options available.

OVERVIEW

This fully renovated eight-unit multi-family property offers a rare investment opportunity in the Sunnyslope neighborhood of Phoenix. Each unit includes two bedrooms and one bathroom, creating consistent functionality for tenants and strong long-term occupancy potential. Interior finishes have been completely updated with modern flooring, upgraded kitchen appliances, and refreshed layouts, minimizing immediate capital expenditures for a new owner. Situated north of Downtown Phoenix, the property provides convenient access to major thoroughfares such as Interstate 17, State Route 51, and Loop 101, connecting residents to employment hubs, retail centers, and recreational destinations throughout the region. Located in a highly rentable residential corridor, the property benefits from proximity to Sunnyslope High School, local dining, and neighborhood services, while being just a short drive to Uptown and Midtown Phoenix districts. This asset is well-suited for an investor seeking stabilized income, potential long-term appreciation, and multiple leasing configurations, including the option for owner occupancy of one unit while renting the others.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$313 USD /SF

# OF UNITS

8

PRICE/UNIT

$187,500

CAP RATE

6.21%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1948

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.36 AC

LAND SF

15,809 SF

ZONING

R-5, R1-6

APN/PARCEL ID

159-44-040,159-44-041

ASK ABOUT THIS PROPERTY

Dallan RandallCommercial Properties, Inc.More Info
480-634-2320

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Dallan RandallCommercial Properties, Inc.More Info
480-634-2320

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