Back to Search
2703 N 9th St
For Sale $691,000 ($132.58 per Sq Ft)
$691,000 ($132.58 per Sq Ft)
- Units
- 5,212 Sq Ft
- 7,874 Sq Ft
- Unknown Cap Rate
Description
1927 Character 6-Unit Asset | Proven High Rents | Engineered Value-Add | Separate Meters
This is not a “project.” This is a cash-flowing 1927 vintage asset with documented upside. Originally built in 1927, this six-unit apartment building blends historic charm with modern infrastructure upgrades and a clear, engineered path to increased value.
In 2024, the property was struck by lightning — creating the opportunity to professionally upgrade and improve significant portions of the building.
Income Profile (Pre-Strike Performance)
• (4) Fully renovated 1BR units upstairs rented at $2,500/month each (fully furnished)
• (2) Downstairs 1BR units rented at $1,400/month each
• All units separately metered for electric AND water
This asset has already demonstrated strong rental demand at premium rates.
Improvements & Infrastructure
All plumbing and electrical updated upstairs
75 percent of plumbing and electrical upgraded downstairs
New rear staircase
New side porch
Separate electric meters
Separate water meters
The heavy lifting has been done.
Engineered Upside
Seller is providing:
• Full engineering plans for remodel
• Plans to convert lower units into (2) 2BR/2BA units
• Contractor bid for completion
This isn’t guesswork — it’s a mapped-out value-add strategy.
Why This Is Compelling
• Proven rental history
• Premium furnished rents upstairs
• Clear pathway to increased NOI
• Metered utilities reduce landlord expense exposure
• Historic character with modern systems
For the right investor, this is a repositioning play with documentation, not speculation.
The Big Picture
Assets from the 1920s with separate meters, updated systems, and engineering in hand are rare.
This property was well maintained prior to the 2024 event and presents a unique opportunity to complete an upgrade plan already in motion.
If you understand forced appreciation, this one will make sense.
Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $691,000 |
| Property Type | Other |
| Usable Sqft | 5,212 |
| Number of Stories | 2 stories |
| Parking Spots | 0 spots |
| Year Built | 1927 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | A0729194V100000400006.0 |
| MLS # | TB8482060 |
| Property ID | 315522645 |
| Lot Sqft | 7,874 |
| Zoning | YC-8 |
| Days on Market | 5 |
| Original List Price | $691,000 |
| Date Updated | March 06, 2026 |
| Date Created | March 03, 2026 |
| Land Value Unit Type | SF |
Financials not available online. Please inquire with your agent for more details.
Listing Provided By
Laura Spaulding an agent of .
© 2026 STELLAR MLS. All rights reserved. Some listings on this website are from STELLAR as of March 06, 2026 The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Contact Agent
Schedule Appointment
Showing Agent
Loading agent...
- 30 mins
- America/Phoenix
Sun
Mon
Tue
Wed
Thu
Fri
Sat
Robert Crawford
REAL ESTATE AGENT