NOT LISTED FOR SALE

9240 N 8th St Phoenix, AZ 85020

North Central Neighborhood

Estimated Value: $374,000 - $743,000

5 Beds
3 Baths
1,759 Sq Ft
$324/Sq Ft Est. Value

Last Sold April 17, 2020

Last sale price $450,000 $256 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $3,193/month

41 Days on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • Ceramic Tile Flooring
  • Heating System Uses Natural Gas
  • Sunnyslope High School Rated A

About This Home

As of April 2020

REMODELED 4 PLEX features (3) 2BD/1BA units and (1) 1BD/1Ba unit. You'll find lots of UPGRADES in the kitchen, bathrooms, flooring, fixtures and more. There are (3) ELECTRICAL meters on the property for the (4) units. The property is MASTER METERED for water, sewer and trash. An AWESOME Phoenix location, close to everything, it is an EASY to RENT location. There is a property management company ready to manage the property.

Last Agent to Sell the Property

Patrick O'Sullivan

Get Multifamily License #BR634211000 Listed on: 01/29/2020

Co-Listed By

Janet Love

Get Multifamily License #SA668148000

Last Buyer's Agent

Jeffery Chesleigh

HomeSmart License #SA014098000

HomeSmart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $943

Year Built

  • Built in 1934

Lot Details

  • 0.32

Home Design

  • Composition Roof
  • Built-Up Roof
  • Block Exterior
  • Metal Construction or Metal Frame
  • Stucco

Flooring

  • Ceramic Tile
  • Vinyl

Parking

  • 3 Open Parking Spaces
  • 7 Parking Spaces
  • 4 Covered Spaces
  • Common or Shared Parking
  • Free Parking
  • Paved Parking

Schools

  • Washington Elementary School
  • Glendale Landmark Middle School
  • Glendale High School

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Natural Gas
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for gas, electricity, trash collection, water, sewer, landscaping
  • Assessor Parcel Number 159-36-132-A

Community Details

Overview

  • 3 Buildings
  • 4 Units
  • Building Dimensions are 33.5709047279755 x -112.062865314313

Building Details

  • Operating Expense $16,583
  • Gross Income $44,396
  • Net Operating Income $27,814

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$943

Year Built

Built in 1934

Lot Details

0

Listing Details

  • Cross Street: E Hatcher Rd and N 7th St
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-5
  • Number Of Buildings: 3
  • Ownership: Fee Simple
  • Year Built: 1934
  • Tax Year: 2019
  • Directions: From E Hatcher Rd and N 7th St, head east to N 8th, head south, property on the west side of N 8th St
  • Road Surface Type: Asphalt
  • Professional Management Expense: 4440.0
  • Co List Office Mls Id: capc01
  • Co List Office Phone: 480-409-1429
  • Subdivision Name: NA
  • Tax Parcel Letter: A
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile, Vinyl
  • Appliances: BI Oven/Range, W/D Hookup
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:BI OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Stucco, Block, Frame - Metal
  • Roof: Composition, Built-Up
  • Construction:Block: Yes
  • Construction:Frame - Metal: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Paved Parking, Free, Add'l Parking Avail, >1 Space Per Unit, Common
  • Attached Garage: No
  • Open Parking Spaces: 3.0
  • Total Parking Spaces: 7.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 3.0
  • General Property Description:Total Parking Spcs: 7.0
  • Parking:Carport: Yes
  • Parking:Free: Yes
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Paved Parking: Yes
  • Parking:Add_squote_l Parking Avail: Yes

Utilities

  • Electric: APS, Master Meter, Individual Meter
  • Cooling: Window/Wall Unit, Electric
  • Heating: Electric, Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Master Meter
  • Heating:Natural Gas: Yes
  • Heating:Electric: Yes
  • Electric Master Meter: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Green Landscaping: Yes
  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes
  • Exterior Amenities:Other (See Remarks)58: Yes

Fee Information

  • Annual Fuel Expense: 400.0
  • Trash Expense: 700.0
  • Annual Water Sewer Expense: 2100.0

Schools

  • Elementary School: Washington Elementary School
  • High School: Glendale High School
  • Junior High Dist: Glendale Union High School District
  • Middle Or Junior School: Glendale Landmark Middle School

Lot Info

  • Lot Size: 33.5709047279755 x -112.062865314313
  • Additional Parcels: No
  • Parcel #: 159-36-132-A

Multi Family

  • Owner Pays: Gas, Electricity, Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Cable TV
  • Number Of Units Total: 4
  • Electric Expense: 3600.0
  • Annual Gross Income: 44396.35
  • Insurance Expense: 1600.0
  • Maintenance Expense: 1600.0
  • Property Net Operating Income: 27814.0
  • Annual Operating Expense: 16583.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 943.0
  • Tax Book Number: 159.00
  • Tax Lot: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 29, 2020
Closed on
Apr 4, 2020
Sold by
Mike Johnson Az Property Investments Llc
Bought by
Brandon Marc R
Seller's Agent
Patrick O'Sullivan
Get Multifamily
Buyer's Agent
Jeffery Chesleigh
HomeSmart
List Price
$450,000
Sold Price
$450,000
Current Estimated Value
$570,287

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$120,287
Avg. Annual Appreciation
2.61%
Original Mortgage
$315,000
Interest Rate
3.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 29, 2019
Sold by
Sound Llc
Bought by
Mike Johnson Az Property Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
3.6%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 25, 2019
Sold by
Breed Richard and George Michael Trust
Bought by
Sound Llc

Purchase Details

Closed on
Feb 15, 2006
Sold by
Breed Richard
Bought by
City Of Phoenix

Purchase Details

Closed on
Jan 2, 2002
Sold by
Breed Charles H
Bought by
Breed Richard and George Michael Breed Trust
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
Brandon Marc R $450,000 Pioneer Title Agency Inc
Mike Johnson Az Property Investments Llc $290,000 Magnus Title Agency
Sound Llc $125,000 Wfg National Title Ins Co
City Of Phoenix -- None Available
Breed Richard -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Brandon Marc R $310,000
Closed Brandon Marc R $315,000
Previous Owner Mike Johnson Az Property Investments Llc $320,000
Previous Owner Mike Johnson Az Property Investments Llc $315,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/17/2020 04/17/20 Sold $450,000 0.0% $256 / Sq Ft
04/14/2020 04/14/20 For Sale $450,000 0.0% $256 / Sq Ft
01/29/2020 01/29/20 For Sale $450,000 -- $256 / 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 $1,024 $8,372 -- --
2024 $1,005 $7,973 -- --
2023 $1,005 $36,270 $7,250 $29,020
2022 $973 $23,650 $4,730 $18,920
2021 $985 $19,750 $3,950 $15,800
2020 $961 $17,050 $3,410 $13,640
2019 $943 $15,530 $3,100 $12,430
2018 $918 $13,180 $2,630 $10,550
2017 $914 $10,130 $2,020 $8,110
2016 $897 $8,960 $1,790 $7,170
2015 $831 $7,380 $1,470 $5,910
Source: Public Records

Agents Affiliated with this Home

  • Patrick O'Sullivan

    Seller's Agent in 2020

    Patrick O'Sullivan

    Get Multifamily

    (602) 842-5050

    2 in this area

    29 Total Sales

    Patrick O'Sullivan
    Section Image
  • Janet Love

    Seller Co-Listing Agent in 2020

    Janet Love

    Get Multifamily

    (480) 369-2369

    1 in this area

    12 Total Sales

    Janet Love
    Section Image
  • Jeffery Chesleigh

    Buyer's Agent in 2020

    Jeffery Chesleigh

    HomeSmart

    (480) 399-3480

    1 in this area

    124 Total Sales

    Jeffery Chesleigh
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6029957

Arizona Regional Multiple Listing Service (ARMLS)

APN: 159-36-132A

Arizona Maricopa County Phoenix 85020 North Central

9240 N 8th St, Phoenix, AZ

This home is located at 9240 N 8th St, Phoenix, AZ 85020 since 29 January 2020 and is currently estimated at $570,287, approximately $324 per square foot. This property was built in 1934. 9240 N 8th St is a home located in Maricopa County with nearby schools including Sunnyslope Elementary School, Sunnyslope High School, and Montessori Day Public Schools Chartered - Mountainside.

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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