Three

1-story buildings comprised of 7 apartment units and 1 large storage room/office. The property currently consists of (4) 1bd/1ba + (3) 2 bd/1ba apartment units. The office is plumbed and has 1 bathroom and could be made into a 1 bd apartment unit creating a value-add opportunity. The property has laundry facilities which generate additional income.

There is a two-year Triple Net Lease (NNN) that includes nsurance, property taxes and other estimated fees. This master lease will go into effect on June 15, 2024 (MTM). Select units have been completely renovated with new flooring, cabinets, countertops and fresh paint. Nearby employers include Ping Golf, Maximus, OpenTec Alliance, APS, among others.

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on 8939 N 8th St
in Phoenix, AZ
Presented by Joseph Chaplik at
Joseph Bernard Investment Real Estate.


Property MLS #11264226 from MyStateMLS

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+ Heating and Cooling

Cooling Features: Central AC

+ Land Info

Lot Size Acres: 0.33
Lot Size Square Feet: 14375

+ Homeowners Association

Association: No
Calculated Total Monthly Association Fees: 0

+ Other Property Info

Source Listing Status: Active
County: 04013
Availability Date: 2024-04-02
Directions: E Dunlap/N 8th
Source Property Type: Multi-Unit (5+)
Source System Name: C2C
+ Reveal Tax History

Year	Assessments Building + Land Total	Tax
2022	$40,980 + $10,240 $51,220	$3,837
2020	$33,480 + $8,370 $41,850	$3,789
2019	$29,220 + $7,300 $36,520	$3,720
2018	$25,730 + $6,430 $32,160	$3,623
2017	$18,340 + $4,580 $22,920	$1,834
2016	$15,390 + $3,840 $19,230	$1,800
2015	$12,910 + $3,220 $16,130	$1,667
2014	$11,410 + $2,850 $14,260	$1,825
2012	$6,680 + $1,670 $8,350	$1,546
2011	$8,670 + $2,160 $10,830	$1,867
2009	$24,440 + $6,110 $30,550	$2,776
2008	$26,300 + $6,570 $32,870	$2,841
2007	$22,520 + $5,630 $28,150	$2,574

+ Reveal Property Sale History

Price Changed 2024-05-24
$1,395,000
MyStateMLS

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Listed 2024-04-02
$1,450,000
MyStateMLS

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Sold 2015-03-05
$335,000
Public Record

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Sold 2001-03-20
$168,500
Public Record

+ Building and Construction

Total Square Feet Living: 4558
Year Built: 1968
Property Age: 56
Levels or Stories: 1

+ Utilities

Sewer: Municipal
Water Source: Municipal

+ Display Complete School Details

Desert View Elementary School is a public elementary school located approximately 0.5 miles away.
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Sunnyslope High School is a public high school located approximately 0.8 miles away.
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Royal Palm Middle School is a public elementary and middle school located approximately 2.2 miles away.
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Most Holy Trinity Catholic Elementary School is a private elementary and middle school located approximately 0.3 miles away.
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