9648 N 12TH Avenue, Phoenix, AZ 85021

$999,000
Property Type: Multiple Dwellings Status: Active
Current Price: $999,000 Last Modified: 6/23/2026

Overview

Description

Mountain View 8 Units consists of six one-bedroom/one-bathroom units and two studio units, offering investors a strong cash-flowing multifamily opportunity in North Central Phoenix. Built in 1987, the property features two-story wood-frame construction with a flat roof. Recent capital improvements include new mini-split HVAC systems in all units and various interior upgrades. The property is 100% occupied and generates $8,325 per month ($99,900 annually) in gross rental income. Investors can benefit from immediate cash flow with additional upside through light cosmetic improvements and rental growth. The parcel located directly in front of the property is also included in the sale, providing added value and future potential.

Listing Details MLS# 7045461

Location, Tax & Legal

House Number
9648
Compass
N
Street Name
12TH
St Suffix
Avenue
City/Town Code
Phoenix
State/Province
AZ
Zip Code
85021
Zip4
3088
Country
US
County Code
Maricopa
Subdivision
FOOTHILL LOTS
Assessor Number
158-33-120
Tax Year
2025
Assessor's Map #
33
Legal Description (Abbrev)
LOT 13 FOOTHILL LOTS MCR 003839
Assessor's Parcel #
120
Add'l Parcels
Yes
Tax Municipality
Phoenix
Census Tract
104501
Taxes
11361
Legal
LOT 13 FOOTHILL LOTS MCR 003839
Marketing Name
Mountain View - 8 Units

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
10,483
Year Built
1987
Uncvrd Parking Spcs
10
Total # of Units
8
# of Buildings
Yes
Zoning
R-4
Flood Zone
No
High School District
Glendale Union High School District
High School
Sunnyslope High School

Remarks Misc

Cross Street
12th Avenue & Mountain View Rd

Legal Info

Township
3N
Range
3E
Section
30
Lot Number
13

Income Expenses

Gross Annual Sch Inc
99900
Net Operating Income
80382

More Information

Showing Notification Methods

Showing Service
No Showing Service Used
Text
Yes
Email
Yes
Phone Call
Yes

Efficiency Units

# Efficiency Units
2
Avg Rent
1050
Avg SqFt
396
# Baths
Yes

1 Bedroom Units

# 1 Bedroom Units
6
Avg Rent
1037.5
Avg SqFt
396
# Baths
Yes

Project Type

5 - 12 Units
Yes

Construction

Block
Yes
Wood Frame
Yes
Slump Block
Yes

Const - Finish

Painted
Yes
Stucco
Yes

Roofing

Foam
Yes
Rolled
Yes

Floors

Laminate
Yes
Tile
Yes
Vinyl
Yes

Sale Includes

Land & Building
Yes

Income & Expenses

Annual Ins Exp
1440
Annual Trash Exp
1920
Annual Wtr/Swr Exp
1800
Owner Association
No
Annual Ownr Asoc Fee
0
Operating Exp
16521
Other Income
0
Vacancy Allowance
0.03
Adjusted Gross Inc
96903

Pmt & Rate Info

Cap Rate
8.05
Equity
999000
Down Payment %
0
Monthly Payments
0
Total Owed
0

Lockbox Type

None
Yes

Community Features

No Pool
Yes

Heating

Electric
Yes

Cooling

Electric
Yes

Tenant Pays

Electricity
Yes

Appliances Included

Built-In Electric Oven
Yes
Refrigerator
Yes

Road Surface Type

Asphalt
Yes

Source of Fincl Data

Owner
Yes
Projected Proforma
Yes

Road Responsibility

City Maintained Road
Yes

Water Source

City Franchise
Yes

Sewer

Sewer - Public
Yes

Parking Features

Free
Yes
>1 Space Per Unit
Yes
Paved
Yes

Electric

APS
Yes

Gas

None
Yes

Owner Pays

Water
Yes
Sewer
Yes
Trash Collection
Yes

New Financing

Cash
Yes
Conventional
Yes
No Carry
Yes
1031 Exchange
Yes

Reports/Disclosures

None
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: Block; Wood Frame; Slump Block Const - Finish: Painted; Stucco Roofing: Foam; Rolled Floors: Laminate; Tile; Vinyl Sale Includes: Land & Building Community Features: No Pool Appliances Included: Built-In Electric Oven; Refrigerator Cooling: Electric Water Source: City Franchise Sewer: Sewer - Public Electric: APS Gas: None Parking Features: >1 Space Per Unit; Free; Paved Road Surface Type: Asphalt Road Responsibility: City Maintained Road Owner Pays: Water; Trash Collection Tenant Pays: Electricity Source of Fincl Data: Owner; Projected Proforma Showing Notification Methods: Text; Email; Phone Call Lockbox Type: None New Financing: Cash; Conventional; No Carry; 1031 Exchange Environmental: None
IDX
Listing Office: Compass
Last Updated: June - 23 - 2026
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