9511 - 9517 N 12th Street is a rare opportunity for an operator to step into a true value-add asset with the financing flexibility, resale optionality, and scale that are hard to find in this price point. The in-place rents sit well below what the submarket is currently achieving, which… Read More leaves a clear runway for an incoming owner to renovate, reposition, and capture the spread without needing to bet on the market to do the work for them.
The land and improvements are made up of four separate buildings and a duplex and triplex on separate lots arranged to give tenants a warm, secluded feel while still holding strong visibility off 12th St. That layout is a real operational advantage. It creates a courtyard-style environment that tenants stay in longer. Read Less
Courtesy of Orion Investment Real Estate 480-634-6934
Listing Snapshot
Days Online
0
Last Updated
Beds
8
Year Built
1954
MLS Number
7083496
Additional Details
Property Access
Road Surface: Asphalt
Appliances & Equipment
Built-In Range, Refrigerator, Built-In Gas Oven, Built-In Electric Oven, Microwave, W/D Hookup
Building
Built in 1954, 4 buildings, Construction Materials: Painted, Block
Community
No Pool
Cooling
Window/Wall Unit
Disclosures
None
Expenses
Operating: $829
Floors
Tile, Laminate, Carpet, Concrete
Heating
Window/Wall Unit(s), Zoned, Electric
Income
Gross Income: $73,245, Gross ScheduledIncome: $77,100, Net Operating Income: $50,000
Lot
Dimensions: 12647
Owner Pays
Gas, Electricity, Water, Sewer
Parking
3 covered spaces, 7 open parking spaces, 10 total parking spaces, >1 Space Per Unit
Roof
Composition
Sewer
Public Sewer
Taxes
Additional parcels description:, Parcel Number: 159-31-035, Public Survey Range: 3E, Public Survey Section: 28, Annual Amount: $829, Tax Book Number: 159.00, Legal Description: LOT 2 WILLIS HOMES MCR 003612, Lot: 2, Year: 2025, Zoning: R-3
Utilities
Water Source: City Franchise, APS
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