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122 North 9th Avenue
Phoenix, AZ 85007
Asking Price
$1.67M
Asset Type
Apartment Building Multifamily
Class
Class B
What's Special
Mixed Use/Multifamily rezoning potential <p>Disclosure: properties are publicly listed separately: 122 N. 9th Avenue is listed at $845,000 and 126 N. 9th Avenue is listed for $820,000.... totaling $1,665,000 for both properties, just listed together on this single Crexi listing.</p><p></p><p>Located in Downtown Phoenix, this property—combined with the adjacent parcel—offers significant development potential under current commercial/multi-family zoning. Potential development scenarios include: (A) a six-story residential building with
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NOI
$80,000
Cap Rate
4.80%
DSCR
0.81
Underwater
Cash-on-Cash
-3.77%
Monthly Payment
$8,237.512
Annual Cash Flow
$-18,850.139
