$659,000
8916 N 11 Street
Phoenix, AZ 85020
MLS# 6658575



8916 N 11 Street, Phoenix, AZ 85020
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8916 N 11 Street, Phoenix, AZ 85020 8916 N 11 Street, Phoenix, AZ 85020 8916 N 11 Street, Phoenix, AZ 85020 8916 N 11 Street, Phoenix, AZ 85020 8916 N 11 Street, Phoenix, AZ 85020 8916 N 11 Street, Phoenix, AZ 85020 8916 N 11 Street, Phoenix, AZ 85020 8916 N 11 Street, Phoenix, AZ 85020 8916 N 11 Street, Phoenix, AZ 85020 8916 N 11 Street, Phoenix, AZ 85020 8916 N 11 Street, Phoenix, AZ 85020 8916 N 11 Street, Phoenix, AZ 85020 8916 N 11 Street, Phoenix, AZ 85020 8916 N 11 Street, Phoenix, AZ 85020 8916 N 11 Street, Phoenix, AZ 85020 8916 N 11 Street, Phoenix, AZ 85020 8916 N 11 Street, Phoenix, AZ 85020 8916 N 11 Street, Phoenix, AZ 85020 8916 N 11 Street, Phoenix, AZ 85020 8916 N 11 Street, Phoenix, AZ 85020

Property Description
Searching for the perfect investment opportunity in the charming Sunnyslope neighborhood of Phoenix? Look no further! We are excited to introduce you to a unique property that combines the charm of a duplex with the potential to build a fourplex, all in the heart of Sunnyslope, with fantastic amenities and employment opportunities nearby. see suppliment remarks

Details
Maps
Contract Info
Current Price: $659,000
List Price: $659,000
Status: Active
List Date: 2024-02-01
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
House Number: 8916
Compass: N
Street Name: 11
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85020
Country: USA
County Code: Maricopa
Assessor's Map #: 2
Assessor's Parcel #: 67
Add'l Parcels: Yes
Assessor Number: 160-02-067
Legal: Legal description supplied by title to govern
Tax Municipality: Phoenix
Taxes: 1964
Tax Year: 2023
Marketing Name: Duplex w/plans four 4-ple
General Property Description
Lot Size Dimensions: irregular
Year Built: 1964
Uncvrd Parking Spcs: 8
Total # of Units: 2
# of Buildings: 1
Zoning: R-4
Elementary School District: Washington Elementary District
High School District: Glendale Union High School District
Remarks & Misc
Cross Street: Northern and 12th Street
Directions: 12th Street and Northern North on 12th Street to west on Townley. North on 11 St and property is on the west side of the street
Geo Lat: 33.566607
Geo Lon: -112.059111
Status Change Info
Status Change Date: 2024-02-01
Income & Expenses
Owner Association: No
Operating Exp: 1964
Gross Annual Sch Inc: 32940
Vacancy Allowance: 0.05
Adjusted Gross Inc: 31293
Net Operating Income: 21411
Pmt & Rate Info
Cap Rate: 3.25
Equity: 659000
Showing Notification Methods
Showing Service: Aligned Showings
1 Bedroom Units
# 1 Bedroom Units: 1
Avg Rent: 1250
Avg SqFt: 799
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 1
Avg Rent: 1495
Avg SqFt: 1066
# Baths: 15
Property Features
Project Type: Duplex; Other (See Remarks)
Construction: Block
Const - Finish: Painted
Roofing: Comp Shingle
Floors: Ceramic Tile
Sale Includes: Land & Building; Other (See Remarks)
Community Amenities: No Pool
Appliances Included: F/S Oven/Range; Refrigerator; Microwave
Heating: Individual; Heat Pump
Cooling: Ceiling Fan(s); Heat Pump; Individual
Water: City Franchise; Master Meter
Sewer: Sewer - Public; Sewer-In & Connected
Electric: APS; Individual Meter
Gas: None
Parking: >1 Space Per Unit; RV/Boat Parking; Free
Roads/Streets: Asphalt; Curb(s) & Gutter(s)
Owner Pays: Water; Trash Collection; Landscaping
Tenant Pays: Electric; Cable TV
Source of Fincl Data: Projected Proforma; Books Shwn Accpt Ofr
Lockbox Type: Supra (ARMLS)
New Financing: VA; FHA; Conventional; No Carry
Reports/Disclosures: Seller Prop Disc Stm; APOD/Backup Avaible; Sch of Personal Prop; Other (See Remarks)
Environmental: Other (See Remarks)
Supplements
**Property Details:** - 2 Units individually metered for Electric - Condition: Excellent - Lot Approval: Ready to Build a Fourplex-all reports and plans included - Nearby Amenities: Beautiful Park Across the Street **Duplex Features:** - Impeccably maintained - Spacious living areas - Private outdoor spaces - Ideal for both owner-occupants and investors **Fourplex Potential:** - Approved lot for a fourplex - Capitalize on the strong demand for multi-family units - Increase your rental income and investment portfolio **Neighborhood Highlights:** - Proximity to top employers in the area - Convenient access to major highways - Excellent schools nearby - Thriving local businesses and restaurants - Beautiful park right across the street, perfect for outdoor activities

Listing Office: Gerchick Real Estate

Last Updated: April - 24 - 2024

8916 N 11 Street, Phoenix, AZ 85020 - MLS# 6658575
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