8939 N 8th St Phoenix, AZ 85020
North Central Neighborhood
--
Bed
--
Bath
1,220
Sq Ft
1985
Built
Highlights
- Cooling Available
- Sunnyslope High School Rated A
- Heat Pump System
About This Home
As of March 2015The property is located in a high rental-demand area and has just been professionally refurbished at a cost of more than $120,000 ($17,000+ per unit). The owner has acquired the services of a professional management company to begin immediate lease up of the units during the marketing and escrow period. The new owner will have the choice of continuing with professional management or discontinuing the service. The quality of the work and the attention to detail will make this very easy to lease quickly at strong rents. Note: All Financial Data is Proforma as current owner has never operated this property. Some of the refurbishing's include: new asphalt-shingled pitched roofs on 2 buildings and a refurbished foam roof on the small building, new cabinets & counters, new microwaves in 5 units, new ceramic tile, new carpet, new tub surrounds and vanities, new doors, new plumbing and electrical (where needed), all double pain windows and all new 14 SEER HVAC units. The quality and amount of work will minimize expenses. New kitchen appliances will be added as the units are leased. Washers and dryers for the laundry room will be leased to provide extra income to the owner and minimize maintenance.
There are three buildings. The front building is the older building and has a small two-bedroom and a one-bedroom unit. The middle building has three large one-bedroom units plus wood-burning fireplaces and attractive brick hearths. The rear building has three one-bedroom units, each with large, high-walled backyards. At the south-end of this building is a laundry room (set for two washers and two dryers) and a secure storage room. The property is all electric except for individually metered gas hot water heaters on the front and middle buildings.
Last Agent to Sell the Property
Arvle Knight
Transworld Business Advisors of Phoenix NE License #BR535084000 Listed on: 01/10/2015
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,825
Year Built
- Built in 1985
Home Design
- Wood Frame Construction
- Composition Roof
- Block Exterior
- Stucco
Parking
- 10 Open Parking Spaces
- 10 Parking Spaces
Schools
- Desert View Elementary School
- Royal Palm Middle School
- Sunnyslope High School
Utilities
- Cooling Available
- Heat Pump System
- Master Water Meter
Listing and Financial Details
- The owner pays for trash collection, water, sewer
- Tax Lot 12 & 13
- Assessor Parcel Number 160-03-012-A
Community Details
Overview
- 3 Buildings
- 7 Units
- Building Dimensions are IRR
Building Details
- Gross Income $43,890
- Net Operating Income $29,276
Similar Home in Phoenix, AZ
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The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/04/2025 06/04/25 | Price Changed | $1,590,000 | +7.8% | -- |
| 05/24/2025 05/24/25 | For Sale | $1,475,000 | 0.0% | -- |
| 05/15/2025 05/15/25 | Pending | -- | -- | -- |
| 03/13/2025 03/13/25 | For Sale | $1,475,000 | 0.0% | -- |
| 03/02/2025 03/02/25 | Pending | -- | -- | -- |
| 01/24/2025 01/24/25 | For Sale | $1,475,000 | 0.0% | -- |
| 01/09/2025 01/09/25 | Pending | -- | -- | -- |
| 08/28/2024 08/28/24 | For Sale | $1,475,000 | +340.3% | -- |
| 03/05/2015 03/05/15 | Sold | $335,000 | +1.5% | $275 / Sq Ft |
| 02/06/2015 02/06/15 | Pending | -- | -- | -- |
| 01/04/2015 01/04/15 | For Sale | $330,000 | -- | $270 / Sq Ft |
Source: Arizona Regional Multiple Listing Service (ARMLS)
Tax History Compared to Growth
Agents Affiliated with this Home
-
Linda Gerchick
Seller's Agent in 2024
Linda Gerchick
Gerchick Real Estate
(602) 688-9279
6 in this area
121 Total Sales
-
A
Seller's Agent in 2015
Arvle Knight
Transworld Business Advisors of Phoenix NE
-
Camille Swanson
Buyer's Agent in 2015
Camille Swanson
Realty Executives
(602) 810-1750
16 Total Sales
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 5219427
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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