NOT LISTED FOR SALE

814 N 8th Ave Phoenix, AZ 85007

Central City Neighborhood

Estimated Value: $832,000 - $1,132,852

4 Beds
-- Bath
2,600 Sq Ft
$374/Sq Ft Est. Value

Last Sold April 05, 2023

Last sale price $1,050,000 $404 Per Sq Ft

Est. 7% decrease in value since last sale

Current estimated payment $5,226/month

151 Days on Market

Highlights

  • Central Heating and Cooling System
  • Phoenix Coding Academy Rated A
  • 3-minute walk to Hu-O-Te Mini Park

About This Home

As of April 2023

This fully remodeled fourplex located in central Phoenix is being offered as a fantastic turnkey investment opportunity. Built in 1980, the unit mix consists of four (2 bed/1 bath) units. The extensive professional renovations were completed in 2022. Just some of the interior upgrades include: fresh paint; new shaker kitchen cabinets; new quartz kitchen countertops; new plank flooring; new stainless-steel appliances; and new in-suite washer/dryers. Exterior amenities consist of: a new metal roof; new windows; fresh paint; walk-out private patios; private parking at the rear; and upgraded low cost/maintenance desert landscaping.

Demand is high for units that are centrally located in Phoenix, have been fully renovated with quality materials, and are located within a mixed residential area. The nearby employment base is vast which consists of large & small employers from both the private & public sectors. The district serves its residents well by providing an abundance of choices related to shopping, dining, entertainment, schools and hospitals. Investors have realized the potential within the area, and as such, newer commercial buildings have been completed and new projects seemingly continue to be advanced along the more active nearby corridors.

Thus, this investment offers a hassle-free investment opportunity as it is fully occupied, stable, fully renovated and has a strong revenue stream right at acquisition. Buyer to verify all facts and figures.
Drive by only...please do not disturb residents.

Last Agent to Sell the Property

Ken Tasopulos

Better Homes & Gardens Real Estate SJ Fowler License #SA524907000 Listed on: 10/22/2022

Better Homes & Gardens Real Estate SJ Fowler

Last Buyer's Agent

Timothy Redelsperger

Long Realty Uptown License #SA663146000

Long Realty Uptown

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,027

Year Built

  • Built in 1980

Lot Details

  • 6,708

Home Design

  • Wood Frame Construction
  • Metal Roof
  • Stucco

Parking

  • 5 Open Parking Spaces
  • 5 Parking Spaces
  • Free Parking
  • Paved Parking
  • On-Street Parking
  • Assigned Parking

Utilities

  • Central Heating and Cooling System
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Legal Lot and Block 18 / 2
  • Assessor Parcel Number 111-29-042

Community Details

Overview

  • 4 Units
  • Building Dimensions are 134x50
  • Kensington Place Subdivision

Building Details

  • Operating Expense $8,432
  • Gross Income $74,089
  • Net Operating Income $65,657

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,027

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Cross Street: 7th Ave & Roosevelt
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: [R-5]
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1980
  • Tax Year: 2022
  • Road Surface Type: Asphalt, Curb(s) & Gutter(s), Sidewalk(s)
  • Subdivision Name: KENSINGTON PLACE
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:WD Hookup: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: See Remarks, Metal
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Parking Features: Paved Parking, Free, Assigned, 1 Space/Unit, Street Parking
  • Attached Garage: No
  • Open Parking Spaces: 5.0
  • Total Parking Spaces: 5.0
  • General Property Description:Uncvrd Parking Spcs: 5.0
  • General Property Description:Total Parking Spcs: 5.0
  • Parking:Free: Yes
  • Parking:Street Parking: Yes
  • Parking:Paved Parking: Yes
  • Parking:Assigned: Yes
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: APS, Individual Meter
  • Cooling: Central A/C, Electric
  • Heating: Central, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Master Meter
  • Heating:Electric: Yes
  • Heating:Central: Yes

Condo/Co-op/Association

  • Community Features: Other, No Pool

Association/Amenities

  • Exterior Amenities:PatioBalcony: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Other (See Remarks)51: Yes
  • Exterior Amenities:Other (See Remarks)58: Yes

Fee Information

  • Trash Expense: 1691.0
  • Annual Water Sewer Expense: 865.0

Schools

  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Lot Size: 134x50
  • Additional Parcels: No
  • Parcel #: 111-29-042

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 74088.6
  • Insurance Expense: 2009.0
  • Maintenance Expense: 2000.0
  • Property Net Operating Income: 65657.0
  • Annual Operating Expense: 8432.0
  • Vacancy Allowance Rate: 0.03

Tax Info

  • Tax Annual Amount: 1027.0
  • Tax Block: 2
  • Tax Book Number: 111.00
  • Tax Lot: 18

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 22, 2022
Closed on
Apr 5, 2023
Sold by
Aci-8Th Ave Llc
Bought by
Leahy Matthew
Seller's Agent
Ken Tasopulos
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Timothy Redelsperger
Long Realty Uptown
List Price
$1,250,000
Sold Price
$1,050,000
Premium/Discount to List
-$200,000
-16%
Views
185
Current Estimated Value
$972,617

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$77,383
Avg. Annual Appreciation
-3.05%

Purchase Details

Listed on
Jul 3, 2021
Closed on
Aug 9, 2021
Sold by
Cunningham William Greg and Cunningham Jennifer
Bought by
Aci 8Th Ave Llc
Seller's Agent
Lisa Richardson
ROI Asset Management Solutions
Buyer's Agent
Ken Tasopulos
Better Homes & Gardens Real Estate SJ Fowler
List Price
$575,000
Sold Price
$575,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
44.04%
Original Mortgage
$563,000
Interest Rate
2.9%
Mortgage Type
Construction

Purchase Details

Closed on
Nov 5, 2020
Sold by
Envision Rentals Llc
Bought by
Cunningham Wiliam and Cunningham Jennifer

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 3, 2020
Sold by
Cunningham Greg and Envision Rentals Llc
Bought by
Cunningham Wiliam and Cunningham Jennifer

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 4, 2012
Sold by
Cunningham William Greg and Cunningham Jennifer
Bought by
Envision Rentals Llc

Purchase Details

Listed on
Jul 18, 2012
Closed on
Sep 11, 2012
Sold by
Qualitas Llc
Bought by
Cunningham William Greg and Cunningham Junnifer
Seller's Agent
Lloyd Kaipainen
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Steven Richards
Niksi
List Price
$139,000
Sold Price
$130,000
Premium/Discount to List
-$9,000
-6.47%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.70%
Original Mortgage
$97,500
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 10, 2010
Sold by
Sidenberg Joseph
Bought by
Qualitas Llc

Purchase Details

Closed on
Aug 26, 2009
Sold by
Countrywide Bank Fsb
Bought by
Sidenberg Joseph

Purchase Details

Closed on
Mar 11, 2009
Sold by
Ramirez Estela C and Ramirez Salomon
Bought by
Countrywide Bank Fsb

Purchase Details

Closed on
Nov 22, 2005
Sold by
Ramirez Estela C
Bought by
Ramirez Salomon and Ramirez Estela C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$233,000
Interest Rate
1.62%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Sep 27, 2005
Sold by
Ramirez Salomon G and Ramirez Saloman G
Bought by
Ramirez Estela C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$233,000
Interest Rate
1.62%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Dec 27, 1999
Sold by
Ramirez Estela C
Bought by
Ramirez Saloman G

Purchase Details

Closed on
Dec 16, 1999
Sold by
Ledezma Miguel V and Ledezma Adan
Bought by
Ramirez Saloman G

Purchase Details

Closed on
Apr 10, 1997
Sold by
Ledezma Dora Velazquez
Bought by
Ledezma Miguel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$51,100
Interest Rate
7.96%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jun 14, 1994
Sold by
Crawford Paul
Bought by
Rangel Hugo and Rangel Micaela
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Leahy Matthew $1,050,000 American Title Service Agency
Aci 8Th Ave Llc $575,000 American Title Svc Agcy Llc
Cunningham Wiliam -- None Listed On Document
Cunningham Wiliam -- Amrock Inc
Envision Rentals Llc -- None Available
Cunningham William Greg $130,000 Chicago Title Agency Inc
Qualitas Llc -- Chicago Title
Sidenberg Joseph $73,751 First American Title Ins Co
Countrywide Bank Fsb $97,931 First American Title
Ramirez Salomon -- First American Title Ins Co
Ramirez Estela C -- First American Title
Ramirez Saloman G -- Fidelity National Title
Ramirez Saloman G $106,000 Fidelity National Title
Ledezma Miguel -- North American Title Agency
Ledezma Miguel $73,000 North American Title Agency
Rangel Hugo -- First American Title
Rangel Hugo $42,500 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Aci 8Th Ave Llc $563,000
Previous Owner Cunningham Wiliam $160,000
Previous Owner Cunningham Wiliam $160,000
Previous Owner Cunningham William Greg $97,500
Previous Owner Ramirez Salomon $233,000
Previous Owner Ledezma Miguel $51,100
Closed Ledezma Miguel $14,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/05/2023 04/05/23 Sold $1,050,000 -4.1% $404 / Sq Ft
02/21/2023 02/21/23 Price Changed $1,095,000 -2.7% $421 / Sq Ft
01/17/2023 01/17/23 Price Changed $1,125,000 -10.0% $433 / Sq Ft
10/22/2022 10/22/22 For Sale $1,250,000 +117.4% $481 / Sq Ft
08/12/2021 08/12/21 Sold $575,000 0.0% $221 / Sq Ft
07/03/2021 07/03/21 Pending -- -- --
07/03/2021 07/03/21 For Sale $575,000 +342.3% $221 / Sq Ft
09/17/2012 09/17/12 Sold $130,000 -6.5% $50 / Sq Ft
08/05/2012 08/05/12 Pending -- -- --
06/18/2012 06/18/12 For Sale $139,000 -- $53 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $1,075 $8,039 -- --
2024 $1,065 $7,656 -- --
2023 $1,065 $44,950 $8,990 $35,960
2022 $1,027 $30,210 $6,040 $24,170
2021 $1,019 $23,900 $4,780 $19,120
2020 $1,031 $22,800 $4,560 $18,240
2019 $1,029 $20,520 $4,100 $16,420
2018 $1,012 $14,180 $2,830 $11,350
2017 $988 $14,610 $2,920 $11,690
2016 $960 $12,950 $2,590 $10,360
2015 $888 $8,710 $1,740 $6,970
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2023

    Ken Tasopulos

    Better Homes & Gardens Real Estate SJ Fowler

    (602) 264-8400

    2 in this area

    9 Total Sales

    Ken Tasopulos
    Section Image

  • T

    Buyer's Agent in 2023

    Timothy Redelsperger

    Long Realty Uptown

    (602) 899-4640

    3 in this area

    16 Total Sales

    Timothy Redelsperger
    Section Image
  • Lisa Richardson

    Seller's Agent in 2021

    Lisa Richardson

    ROI Asset Management Solutions

    (602) 770-8063

    2 in this area

    13 Total Sales

    Lisa Richardson
    Section Image
  • Stephen Lins

    Seller Co-Listing Agent in 2021

    Stephen Lins

    ROI Asset Management Solutions

    (602) 300-0753

    2 in this area

    11 Total Sales

    Stephen Lins
    Section Image

  • L

    Seller's Agent in 2012

    Lloyd Kaipainen

    Better Homes & Gardens Real Estate SJ Fowler

    Section Image

  • L

    Seller Co-Listing Agent in 2012

    Lois Kaipainen

    Income Property Shop

    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6480724

Arizona Regional Multiple Listing Service (ARMLS)

APN: 111-29-042

Arizona Maricopa County Phoenix 85007 Central City

814 N 8th Ave, Phoenix, AZ

This home is located at 814 N 8th Ave, Phoenix, AZ 85007 since 22 October 2022 and is currently estimated at $972,617, approximately $374 per square foot. This property was built in 1980. 814 N 8th Ave is a home located in Maricopa County with nearby schools including Kenilworth Elementary School, Phoenix Coding Academy, and Central High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Arizona Regional Multiple Listing Service (ARMLS) All information should be verified by the recipient and none is guaranteed as accurate by ARMLS

Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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