1001 N 9TH Street, Phoenix, AZ 85006

$1,400,000

Property Type: Multiple Dwellings Status: Active

Current Price: $1,400,000 Last Modified: 5/22/2026

Overview

Description

Located in the heart of central Phoenix, 1001 North 9th Street presents an outstanding multifamily investment opportunity featuring eight well-positioned studio apartment units in one of the city's most rapidly evolving urban neighborhoods. This charming eightplex offers a strong blend of steady rental demand, functional unit layouts, and prime proximity to downtown Phoenix amenities. Each studio apartment is thoughtfully designed to maximize efficiency and comfort, appealing to tenants seeking affordable urban living with convenient access to employment centers, dining, entertainment, public transit, and nearby freeway connections. The property's classic character and practical configuration make it an attractive asset for both seasoned investors and owner-operators.

Listing Details MLS# 7031957

Location, Tax & Legal

House Number: 1001
Compass: N
Street Name: 9TH
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85006
Zip4: 2775
Country: US
County Code: Maricopa
Subdivision: BRILLS ADDITION AMD
Assessor Number: 116-31-114
Tax Year: 2025
Assessor's Map #: 31
Legal Description (Abbrev): BRILL LOT 1 BLK 10 W 137' EX N 50'
Assessor's Parcel #: 114
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 113203
Taxes: 1843
Legal: BRILL LOT 1 BLK 10 W 137' EX N 50'
Marketing Name: Roosevelt PLace

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: 6850
Year Built: 1984
Uncvrd Parking Spcs: 9
Total # of Units: 8
# of Buildings: Yes
Zoning: residental
Elementary School District: Phoenix Elementary District
High School District: Phoenix Union High School District
Elementary School: Garfield School
Jr. High School: Garfield School
High School: North High School

Remarks Misc

Cross Street: 9th Street & Roosevelt Directions: From 7th St, tu

Legal Info

Township: 1N
Range: 3E
Section: 4
Lot Number: Yes

Income Expenses

Gross Annual Sch Inc: 96192
Net Operating Income: 96192

More Information

Showing Notification Methods

Showing Service: No Showing Service Used
Phone Call: Yes

Efficiency Units

# Efficiency Units: 6
Avg Rent: 918
Avg SqFt: 266
# Baths: Yes

1 Bedroom Units

# 1 Bedroom Units: 2
Avg Rent: 1218
Avg SqFt: 410
# Baths: Yes

Project Type

5 - 12 Units: Yes

Construction

Wood Frame: Yes

Const - Finish

Stucco: Yes

Roofing

Built-Up: Yes

Floors

Vinyl: Yes
Ceramic Tile: Yes

Sale Includes

Land & Building: Yes

Income & Expenses

Annual Elec Exp: 127
Annual Ins Exp: 3081
Annual Maint Exp: 3000
Annual Mgmt Exp: 11487
Annual Trash Exp: 1812
Annual Wtr/Swr Exp: 1732
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 23082
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 96192

Pmt & Rate Info

Cap Rate: 6.87
Equity: 1400000
Down Payment %: 20
Monthly Payments: 0
Total Owed: 0

Lockbox Type

None: Yes

Community Features

No Pool: Yes

Heating

Heat Pump: Yes

Cooling

Electric: Yes
Heat Pump: Yes

Exterior Amenities

Desert Landscaping: Yes
Partially Fenced: Yes
Sidewalk(s): Yes
Security Light(s): Yes

Interior Features

Unfurnished: Yes
Fire/Smoke Alarm(s): Yes
Mini Blinds: Yes
Drapes: Yes

Tenant Pays

Electricity: Yes
Cable TV: Yes

Appliances Included

Microwave: Yes
Refrigerator: Yes
Free-Standing Range: Yes

Road Access Type

City Street: Yes

Road Surface Type

Asphalt: Yes

Source of Fincl Data

Owner: Yes
Projected Proforma: Yes

Water Source

City Franchise: Yes

Sewer

Sewer - Public: Yes

Parking Features

>1 Space Per Unit: Yes

Electric

APS: Yes
Individual Meter: Yes

Gas

None: Yes

Owner Pays

Water: Yes
Sewer: Yes
Trash Collection: Yes

New Financing

Cash: Yes
Conventional: Yes

Reports/Disclosures

Seller Prop Disc Stm: Yes

Environmental

None: Yes

2 Bedroom Units

Avg Rent: 0

3 Bedrooms Units

Avg Rent: 0

4 Bedrooms Units

Avg Rent: 0

Property Features

Project Type: 5 - 12 Units Construction: Wood Frame Const - Finish: Stucco Roofing: Built-Up Floors: Vinyl; Ceramic Tile Sale Includes: Land & Building Community Features: No Pool Exterior Amenities: Desert Landscaping; Partially Fenced; Sidewalk(s); Security Light(s) Interior Features: Unfurnished; Fire/Smoke Alarm(s); Mini Blinds; Drapes Appliances Included: Free-Standing Range; Refrigerator; Microwave Heating: Heat Pump Cooling: Electric; Heat Pump Water Source: City Franchise Sewer: Sewer - Public Electric: APS; Individual Meter Gas: None Parking Features: >1 Space Per Unit Road Access Type: City Street Road Surface Type: Asphalt Owner Pays: Water; Trash Collection Tenant Pays: Electricity; Cable TV Source of Fincl Data: Owner; Projected Proforma Showing Notification Methods: Phone Call Lockbox Type: None New Financing: Cash; Conventional Environmental: None

Listing Office: Keller Williams Realty Sonoran Living

Last Updated: May - 22 - 2026