Brad MacLay
MacLay Real Estate
(855) 491-1408
89 Total Sales
1 in Central City
$305,000 Price
814 N 8th Ave Phoenix, AZ 85007
Central City NeighborhoodEstimated Value: $866,840
8
Beds
16
Baths
2,600
Sq Ft
$333/Sq Ft
Est. Value
Highlights
- Patio
- Central Heating and Cooling System
- Desert Landscape
- Phoenix Coding Academy Rated A
- Partially Fenced Property
- 3-minute walk to Hu-O-Te Mini Park
About This Home
As of April 2023This 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
Better Homes & Gardens Real Estate SJ Fowler License #SA524907000 Listed on: 10/22/2022
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Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,027
Year Built
- Built in 1980
Lot Details
- Partially Fenced Property
- Desert Landscape
Home Design
- Wood Frame Construction
- Metal Roof
- Stucco
Parking
- 5 Parking Spaces
- Parking Available
- Free Parking
- Paved Parking
- On-Street Parking
- 5 Open Parking Spaces
- Assigned Parking
Utilities
- Central Heating and Cooling System
- Separate Meters
- Natural Gas Not Available
- Master Water Meter
Additional Features
- 8 Bedrooms
- Patio
Listing and Financial Details
- Tenant pays for electricity, cable TV
- The owner pays for water, sewer, trash collection, 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
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
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
Seller's Agent
Ken Tasopulos
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Timothy Redelsperger
Long Realty Old Town
List Price
$1,250,000
Sold Price
$1,050,000
Premium/Discount to List
-$200,000
-16%
Views
182
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$183,160
Avg. Annual Appreciation
-5.39%
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
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
Realty ONE Group
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
14.50%
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
Purchase Details
Closed on
Jun 14, 1994
Sold by
Crawford Paul
Bought by
Rangel Hugo and Rangel Micaela
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Central City, AZ
-
Brad MacLay
-
Janet Smith
Janet Smith
Responds QuicklyCPA Advantage Realty, LLC
(480) 389-5195
28 Total Sales
3 in Central City
$192K - $327K Price Range
-
Sharon Terhune
Sharon Terhune
eXp Realty
(623) 233-0816
42 Total Sales
1 in Central City
$620,000 Price
-
Fabiola Aboyte
Fabiola Aboyte
HomeSmart
(888) 606-5680
164 Total Sales
1 in Central City
$275,000 Price
-
Erin Rose
Erin Rose
eXp Realty
(520) 462-5005
111 Total Sales
1 in Central City
$455,000 Price
-
David Allayev
David Allayev
eXp Realty
(623) 246-4220
54 Total Sales
1 in Central City
$435,000 Price
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $1,050,000 | American Title Service Agency | ||
| Aci 8Th Ave Llc | $575,000 | American Title Svc Agcy Llc | |
| Cunningham Wiliam | -- | None Listed On Document | |
| 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 | $73,000 | North American Title Agency | |
| Ledezma Miguel | -- | North American Title Agency | |
| Rangel Hugo | $42,500 | First American Title | |
| Rangel Hugo | -- | First American Title |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | $563,000 | ||
| Previous Owner | Cunningham Wiliam | $160,000 | |
| Previous Owner | Cunningham William Greg | $97,500 | |
| Previous Owner | Ramirez Salomon | $233,000 | |
| Previous Owner | Ramirez Saloman G | $180,000 | |
| Previous Owner | Ramirez Salomon G | $140,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 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 | View Prior Sale |
| 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 | View Prior Sale |
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $1,142 | $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
-
Ken Tasopulos
KT
Seller's Agent in 2023
Ken Tasopulos
Better Homes & Gardens Real Estate SJ Fowler
(602) 264-8400
1 in this area
5 Total Sales
-
Timothy Redelsperger
TR
Buyer's Agent in 2023
Timothy Redelsperger
Long Realty Old Town
(602) 899-4640
2 in this area
16 Total Sales
-
Lisa Richardson
Seller's Agent in 2021
Lisa Richardson
ROI Asset Management Solutions
(602) 770-8063
1 in this area
11 Total Sales
-
Stephen Lins
Seller Co-Listing Agent in 2021
Stephen Lins
ROI Asset Management Solutions
(602) 300-0753
1 in this area
10 Total Sales
-
LK
Seller's Agent in 2012
Lloyd Kaipainen
Better Homes & Gardens Real Estate SJ Fowler
-
LK
Seller Co-Listing Agent in 2012
Lois Kaipainen
Income Property Shop
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6480724
APN: 111-29-042
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.
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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