#6774986, Edson Salas, Listing Office: ES Realty

8939 N 8th St Phoenix, AZ 85020
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
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
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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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$1,475,000
8939 N 8th St
$10,000
closing credit¹
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Price information
Property sales
Date | Event | Price |
---|---|---|
Mar 05, 2015 | Home Sold | $335,000 |
Tax history
Year | Assessment | Property 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.
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.
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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.