508 N 9TH Avenue, Phoenix, AZ 85007
508 N 9TH Avenue, Phoenix, AZ 85007
508 N 9TH Avenue, Phoenix, AZ 85007
13
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$1,000,000
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4 Beds
Price Dropped by $100K

508 N 9TH Avenue Phoenix, AZ 85007

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Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Subdivision University Addition

MLS Listing ID 7087221

Bedrooms 4

Year Built 1953

Annual Tax Amount $1,263

Tax Year 2026

Lot Dimensions 6250

Source Arizona Regional Multiple Listing Service (ARMLS)

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.

Location

State AZ

County Maricopa

Community University Addition

Area Maricopa

Zoning RES

Direction Grand Ave to 9th Ave, North to Property

Interior

Heating Central

Cooling Central Air

Flooring Other

Appliance Disposal, Dishwasher, Refrigerator, Built-In Gas Oven, Washer/Dryer

Exterior

Parking Features Other

Community Features Other

Roof Type Composition

Private Pool No

Building

Sewer Public Sewer

Water City Franchise

New Construction No

Schools

School District Phoenix Union High School District

Others

Senior Community No

Tax ID 111-30-035

Ownership Fee Simple

Acceptable Financing Cash, Conventional, 1031 Exchange

Disclosures None

Listing Terms Cash, Conventional, 1031 Exchange


Arizona Regional MLS (ARMLS)
Listed by LISTED SIMPLY • Sinan Zakaria

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Michael Vallee
Michael Vallee

Agent Mortgage Loan Officer 2665457AZ Real Estate License SA662806000

+1(480) 848-5780 | michael@valleerealty.com

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508 N 9TH Avenue