2006 N 51st St., Phoenix, AZ 85008

''The 9 At Papago'' is a fully occupied multi-family property in an extremely high demand rental area. It is perfectly located in close proximity to Arcadia, Scottsdale, Tempe, Papago Park, Sky Harbor Airport, and a short drive to downtown Phoenix. Vacancy is extremely low as tenants love the quiet street, 12 lighted covered parking spots (rare for this property class), and proximity to all major freeways. The rear free standing home was built in 1959, while the front building with 8 units was built in 1984. All apartments feature 2 beds + 1 bath with generous interior square footage. 8 leases are currently m-t-m, making it easy to increase rents or place new tenants. Tremendous VALUE ADD potential to perform cosmetic updates and add en-suite washer/dryer to maximize the top end rent. One or more of the units could also be converted to an AirBnb and capitalize on the location and lack of affordable hotel options in the immediate area. The seller has maintained the property and recent improvements include: NEW roofs on both buildings (2018), NEW A/C #3 (2020), and completely renovated units #2 & #9 in 2016/2017.