508 N 9th Avenue, Phoenix, AZ 85007

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List Price
$1,000,000
Status
ACTIVE
Days on Market
44
Price Change
▼ $100,000 1794294701
MLS#
7087221
Subtype
Multiple Dwellings
Year Built
1953
Bedrooms
4
Bathrooms
4
Subdivision
University Addition

Property Description

This rare portfolio of four red-brick historic townhomes delivers a solid 5%+ in place cap rate. Located just off Grand Avenue in the Triangle neighborhood and within walking distance of downtown, the property combines stable returns with meaningful upside from a newly approved development directly across the street. The unique property features top notch aesthetics, both interior and exterior. The rare brick exterior sits amongst lush landscaping and provides private yards for all units. Inside, each unit has bright eat-in kitchens with solid wood cabinets, granite countertops, stainless steel appliances, gas ranges, and oversized tub sinks, along with full side-by-side laundry rooms.

Additional Information

Taxes
$1,263
Zoning
RES
Flooring
Other
Appliances
Refrigerator, Dishwasher, Disposal, Washer/Dryer, Built-In Gas Oven
Heating
Central
Air Conditioning
Central Air
Exterior Construction
Brick, See Remarks, Brick Veneer
Parking Features
Other

Courtesy of LISTED SIMPLY. 800-995-5879

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