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Newly Refreshed Phoenix Offering
OCCUPIED DUPLEX +
SEPARATE DEVELOPMENT PARCEL
8916 & 8918 N 11th Street | Phoenix, AZ 85020
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$525,000
Asking Price
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100%
Occupied
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$20,874
Current NOI
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3.98%
Current Cap Rate
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Income Today. A Separate Parcel for Tomorrow.
This two-parcel offering combines an existing, fully occupied duplex with a separate rear R-4 parcel and an available four-unit development concept. The duplex currently produces $2,400 per month in scheduled rent while a buyer evaluates the future development opportunity.
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Two Separate Parcels
Front duplex parcel plus a distinct rear development parcel.
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14,263 SF Combined Land
Approximately 0.327 acre across both parcels; buyer to verify.
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Established Duplex Income
One 2-bedroom and one 1-bedroom residence; both currently occupied.
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Four-Unit Concept
Available plans contemplate four residences totaling approximately 3,710 SF.
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Current Duplex Performance
$28,800 annual scheduled rent
$7,926 annual operating expenses
$20,874 current NOI
Tenants pay electric and cable
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Rear Development Parcel
The available plans identify the rear parcel as 8918 N 11th St / APN 160-02-068 and show a proposed four-unit concept with two 2-bedroom and two 3-bedroom residences, plus ten proposed parking spaces. Planning and engineering work has been partially completed. The project is not shovel-ready; plans are marked Not for Construction, variances require renewal, and additional approvals, plans, permits and development work remain. Buyer to verify all parcel, zoning, plan and development information.
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Review the property information and available due-diligence materials, or schedule time to discuss the opportunity.
No seller financing is available.
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Information is believed to be reliable but is not guaranteed and is subject to change. Buyer and buyer’s representatives must independently verify all facts, figures, measurements, rents, expenses, NOI, capitalization rate, parcel information, zoning, utilities, plans, variances, approvals, permits and development feasibility. Proposed development has not been constructed. Tenant leases and personally identifying tenant information are not publicly disclosed and will be made available to a buyer under contract during the due-diligence period.
Gerchick Real Estate | Phoenix, Arizona
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