$1,475,000

8939 N 8th St Phoenix, AZ 85020

$10,000
Closing credit¹
House

Property details

About 8939 N 8th St

FULLY LEASED ON A NNN ABSOLUTE LEASE ( 3 years) LEASE EXTRACTION: 2-1-2025- $9,000 Insurance By Month $91.67 Property Taxes by Month $336.67 Water Sewer and Trash Paid by Tenant Maintenance paid by Tenant Schedule of Rent plus NNN Expenses Lease started: October 28th, 2024 Lease End: 12 months w/two-one year Lease started: October 28th, 2024 Lease End: 12 months w/two-one year extensions Landlord is preparing to extend to a 5 year lease. This 8 unit is contiguous to 801 E Dunlap and can purchase BOTH properties. 801 E Dunlap is also leased on a NNN lease. Overview: This meticulously upgraded 8-unit apartment complex offers a unique investment opportunity or a versatile property for various uses. The building features a comprehensive renovation and several high-quality finishe FULLY LEASED ON A NNN ABSOLUTE LEASE ( 3 years) LEASE EXTRACTION: 2-1-2025- $9,000 Insurance By Month $91.67 Property Taxes by Month $336.67 Water Sewer and Trash Paid by Tenant Maintenance paid by Tenant Schedule of Rent plus NNN Expenses Lease started: October 28th, 2024 Lease End: 12 months w/two-one year Lease End: 12 months w/two-one year extensions Landlord is preparing to extend to a 5 year lease. This 8 unit is contiguous to 801 E Dunlap and can purchase BOTH properties. 801 E Dunlap is also leased on a NNN lease. Overview: This meticulously upgraded 8-unit apartment complex offers a unique investment opportunity or a versatile property for various uses. The building features a comprehensive renovation and several high-quality enhancements, positioned in a competitive rental market. Unit Mix: - 6 Units: 1-bedroom apartments - 2 Units:2-bedroom, 1-bath apartments - 1 Office Unit: This is one of the units. Currently used as an office space with a remodeled bathroom. The seller is willing to convert this unit into to a one bedroom apartment if requested prior to the close of escrow. Renovations & Upgrades: -Apartment Upgrades (Rehabbed in 2024): - Units 1-7: Thoughtful updates include new flooring and completely remodeled bathrooms. Apartment 1 features the most extensive renovations, including full wall and flooring replacements. - Bathrooms:** All bathrooms have been remodeled with new flooring, plumbing, toilets, showers, tiling, and cabinets. Each renovation cost approximately $12,000 per apartment. - Office/Storage Space (Purple Door): - Building Addition:Added for approximately $100,000, this versatile space can be used for office purposes or additional storage. - Exterior Enhancements: - Brick Patio: Installed in 2019 at a cost of $15,000, featuring TV and power outlets for enhanced tenant enjoyment. - Security Gate: Added in 2015 for $5,000, providing additional security. - New Brick Wall: A $5,000 investment for added privacy and security between the property and 801 E Dunlap. - **New Mailboxes and Stand:** Installed in August 2024 for $500, providing a fresh and organized mail solution. Property Features: - Laundry Room: Convenient on-site laundry facility. - Storage Units: Two storage units are included with the property. - Tenant Amenities: All units come equipped with microwaves, refrigerators, and stoves. - Gated Property: Added security and privacy for residents. Buyer Information: - Note: Buyers must confirm all facts and figures to ensure accuracy.

Highlights

Home typeOther
HeatingOther, Heat Pump, Electric
StatusActive
CoolingCeiling Fan(s), Heat Pump, Other
Year built1987
ParkingOther, Paved, Free, <1 Space Per Unit, On Street
MLS #6749873

Summary

  • MLS Number: 6749873
  • MLS Name: Arizona Regional Multiple Listing Service 2
  • Office Name: Gerchick Real Estate
  • Office Phone: (602) 688-9279
  • Office Email: linda@justsoldit.com
  • Listing Agent: Linda S Gerchick

IDX The data relating to real estate for sale on this site comes from the Broker Reciprocity/IDX of Arizona Regional Multiple Listing Service, Inc. Indicates a property listed by a real estate brokerage other than Rocket Homes Real Estate, LLC. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. IDX information is provided exclusively 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. Arizona Regional Multiple Listing Service, Inc. do not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing. Information deemed reliable but not guaranteed. Copyright© 2025 Arizona Regional Multiple Listing Service, Inc. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/13/2025, 10:22:20 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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view of home's exterior featuring concrete driveway and stucco siding

$1,475,000

8939 N 8th St

$10,000

closing credit¹

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Price information

Property sales

DateEventPrice
Mar 05, 2015
Home Sold
$335,000

Tax history

YearAssessmentProperty Tax
2024$105,950$3,966
2023$80,660$3,837
2022$55,620$3,886
2020$41,850$3,789
2019$36,520$3,623
2017$22,920$1,834

History based on county public records data.

Nearby schools

3

Desert View Elementary School

Public District PK-6

0.5 mi

8621 N 3rd St

7

Madison Simis Elementary School

Public District PK-4

1.7 mi

7302 N 10th St

3

Richard E. Miller Elementary School

Public District KG-5

2.3 mi

2021 W Alice Ave

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $47,910. The most common annual income of people living in Phoenix, AZ is between $35k-100k. The most common type of family is single, no kids. The most common level of education of people living in this area is high school diploma.

How much money do the neighbors make?

34%
<35k
45%
35k-100k
20%
100k-200k
1%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree

What types of families live nearby?

55%
Single, No Kids
13%
Single, with Kids
16%
Married, No Kids
16%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

15%
<11 yrs old
8%
12-17 yrs old
23%
18-34 yrs old
41%
35-64 yrs old
13%
65+ yrs old

What do the neighbors do for fun?

  • Pro BoxingPro Boxing
  • Major League Soccer (MLS)Major League Soccer (MLS)
  • Mexican League SoccerMexican League Soccer

Where do the neighbors shop?

  • BurlingtonBurlington
  • H&MH&M
  • Foot LockerFoot Locker

Where do the neighbors go to eat?

  • White CastleWhite Castle
  • PopeyesPopeyes
  • Boston MarketBoston Market

What do the neighbors drive?

  • KiaKia
  • NissanNissan
  • HondaHonda

What do the neighbors listen to?

  • Urban Adult ContemporaryUrban Adult Contemporary
  • Rhythmic Contemporary HitsRhythmic Contemporary Hits
  • NewsNews
All data provided by Home Junction and Claritas

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Frequently asked questions

About 8939 N 8th St

This home is located at 8939 N 8th St in Phoenix, AZ and zip code 85020 in the North Mountain neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since August 29, 2024 and is currently priced at $1,475,000.

Over 185 listings were sold over their listed price in February 2025 in Phoenix, AZ. In the same period over 657 listings were sold below the listed price and 322 listings were sold for the listed price. The number of homes for sale in Phoenix, AZ increased by 11.5% between January and February 2025. Listings spent 71 days on the market in February 2025, and had a median list price of $456,254 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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