$1,700,000
$100K PRICE DROP

110 N 9th Ave Unit 1-7 Phoenix, AZ 85007

Governmental Mall Neighborhood

Estimated payment $9,648/month

Total Views 4,151
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Wood Flooring
  • Heated Community Pool
  • Ceiling Fan
  • Phoenix Coding Academy Rated A
  • Central Heating and Cooling System

About This Home

Great investment property on a well established gated community with a 20,500 sf CORNER lot - all units are stand alone cottages/homes and tenants have NO shared walls! Many upgrades have been completed to include the following: professionally maintained sparkling community pool was rebuilt in 2018, all cottages have solar panels to reduce electric bills and common area solar to mitigate electric bill for owner. New roofs as of 2018 and all attic spaces have been re-insulated in 2023. On-site community laundry is provded as a tenant benefit and an opportunity for the owner to gain additional income. Close to all that Downtown Phoenix has to offer - shops, corporations, Chase Field and Footprint Center!

Listing Agent

Steve Russell

Keller Williams Arizona Realty License #SA585782000

Keller Williams Arizona Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,924

Year Built

  • Built in 1930

Home Design

  • Brick Exterior Construction
  • Composition Roof

Flooring

  • Wood
  • Ceramic Tile

Parking

  • 7 Open Parking Spaces
  • 7 Parking Spaces
  • On-Street Parking

Schools

  • Kenilworth Elementary School
  • Central High School

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Natural Gas
  • Individual Controls for Heating

Additional Features

  • Ceiling Fan
  • Property fronts an alley

Listing and Financial Details

  • The owner pays for landscaping, pool/spa maintenance
  • Tax Lot 8
  • Assessor Parcel Number 112-04-069

Community Details

Overview

  • 7 Buildings
  • 7 Units
  • Building Dimensions are 150x140
  • Neahrs Addition Subdivision

Recreation

  • Heated Community Pool

Building Details

  • Operating Expense $26,100
  • Gross Income $106,287
  • Net Operating Income $65,471

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,924

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Cross Street: 9th Ave & Adams
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: CG Commerical
  • Number Of Buildings: 7
  • Ownership: Fee Simple
  • Year Built: 1930
  • Tax Year: 2024
  • Directions: From I-10 - South on 7th Avenue - West on Adams - Property is on NW Corner of Adams and 9th Avenue
  • Road Frontage Type: Alley
  • Road Surface Type: Concrete, Curb(s) & Gutter(s)
  • Professional Management Expense: 3240.0
  • Subdivision Name: NEAHRS ADDITION
  • Construction Brick: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile, Wood
  • Appliances: F/S Oven/Range, Microwave
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Brick
  • Roof: Composition

Garage/Parking

  • Parking Features: Free, Add'l Parking Avail, Street Parking
  • Attached Garage: No
  • Open Parking Spaces: 7.0
  • Total Parking Spaces: 7.0
  • General Property Description:Uncvrd Parking Spcs: 7.0
  • General Property Description:Total Parking Spcs: 7.0
  • Parking:Free: Yes
  • Parking:Street Parking: Yes
  • Parking:Add_squote_l Parking Avail: Yes

Utilities

  • Electric: SRP, Individual Meter
  • Cooling: Ceiling Fan(s), Individual, Central A/C
  • Heating: Individual, Central, Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Individual Meter
  • Heating:Natural Gas: Yes
  • Heating:Individual: Yes
  • Heating:Central: Yes

Condo/Co-op/Association

  • Community Features: See Remarks, Pool

Association/Amenities

  • Exterior Amenities:Green Landscaping: Yes
  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:Pool2: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Fuel Expense: 66.0
  • Annual Water Sewer Expense: 5135.0

Schools

  • Elementary School: Kenilworth Elementary School
  • High School: Central High School
  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 150x140
  • Additional Parcels: No
  • Parcel #: 112-04-069

Multi Family

  • Owner Pays: Landscaping, Pool/Spa Maintenance
  • Tenant Pays: Trash Collection, Gas, Electricity, Water, Sewer, Cable TV
  • Number Of Units Total: 7
  • Electric Expense: 875.0
  • Annual Gross Income: 106287.0
  • Insurance Expense: 3468.0
  • Maintenance Expense: 4032.0
  • Property Net Operating Income: 65471.0
  • Annual Operating Expense: 26100.0

Tax Info

  • Tax Annual Amount: 1924.0
  • Tax Book Number: 112.00
  • Tax Lot: 8

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/10/2025 02/10/25 Price Changed $1,700,000 -5.6% --
12/04/2024 12/04/24 For Sale $1,800,000 -- --
Source: Arizona Regional Multiple Listing Service (ARMLS)

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6790948

Arizona Regional Multiple Listing Service (ARMLS)

Arizona Maricopa County Phoenix 85007 Governmental Mall

110 N 9th Ave Unit 1-7, Phoenix, AZ

Homes for Sale in Phoenix, AZ

This home is located at 110 N 9th Ave Unit 1-7, Phoenix, AZ 85007 and is currently priced at $1,700,000. This property was built in 1930. 110 N 9th Ave Unit 1-7 is a home located in Maricopa County with nearby schools including Dunbar Elementary School, Magnet Traditional School, and Phoenix Coding Academy.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Arizona Regional Multiple Listing Service (ARMLS) All information should be verified by the recipient and none is guaranteed as accurate by ARMLS

Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

Steve Russell
Listing Agent
Steve Russell
Section Image
Keller Williams Arizona Realty
(480) 440-3474