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814 N 8th Avenue

Phoenix, AZ 85007
  • $1,125,000
  • STATUS: Active
  • ON SITE: 97 Days
  • MLS #: 6480724
Price Reduced
UPDATED: 36 min ago
$1,125,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1980
County:
Area:

School Ratings & Info

Description

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 residentialarea. 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.

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Arizona Regional MLS logo© 2023 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than Elite Home Advisors | Keller Williams Realty Phoenix. Data last updated 2023-01-28T12:19:17.427.
www.yournextphoenixhome.com/homes/134185773
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814 N 8th Avenue Phoenix, AZ 85007

  • Price: $1,125,000
  • Status: Active
  • On Site: 97 Days
  • Updated: 36 min ago
  • MLS #: 6480724
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1980
Built
Neighborhood:
Kensington Place
County:
Maricopa
Area:
Phoenix
Property Description
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 residentialarea. 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.
Exterior Features

Construction Frame - Wood Construction Finish PaintedStucco Covered Parking Spaces 0.00 Exterior Amenities Desert LandscapingOther (See Remarks)Partially FencedPatio/Balcony Lot Size Dimensions 134X50 Parking 1 Space/UnitAssignedFreePaved ParkingStreet Parking Roads AsphaltCurb(S) & Gutter(S)Sidewalk(S) Roofing MetalOther (See Remarks)

Interior Features

1 Bedroom Unit Avg Sq Ft 0 1 Bedroom Unit Baths 0 2 Bedroom Unit Avg Sq Ft 650 2 Bedroom Units Baths 4 3 Bedroom Unit Avg Sq Ft 0 3 Bedroom Unit Baths 0 4 Bedroom Unit Avg Sq Ft 0 4 Bedroom Unit Baths 0 Appliances Included DishwasherF/S Oven/RangeMicrowaveRefrigeratorW/D HookupWasher/Dryer Cooling Central A/CElectric Efficiency Unit Avg Sq Ft 0 Efficiency Unit Baths 0 Floors Other Heating CentralElectric Interior Amenities Other (See Remarks)

Property Features

1 Bedroom Unit Avg Rent 0.00 1 Bedroom Units 0 2 Bedroom Unit Avg Rent 1591.25 2 Bedroom Units 4 3 Bedroom Unit Avg Rent 0.00 3 Bedroom Units 0 4 Bedroom Unit Avg Rent 0.00 4 Bedroom Units 0 Adjusted Gross Inc 74088.60 Annual Elec Exp 0.00 Annual Gas Exp 0.00 Annual Ins Exp 2009.00 Annual Land Lse Exp 0.00 Annual Landscape Exp 840.00 Annual Maint Exp 2000.00 Annual Other Expense 0.00 Annual Ownr Asoc Fee 0.00 Annual Pad Fee 0.00 Annual Rplcmnt Rsrvs 0.00 Annual Trash Exp 1490.00 Annual Wtr Swr Exp 887.00 Community Amenities No Pool Cross Street 7th Ave & Roosevelt Efficiency Unit Avg Rent 0.00 Efficiency Units 0 Electric ApsIndividual Meter Gas None Gross Annual Sch Inc 76380.00 Hoa YN No Net Operating Income 61127.00 New Financing ConventionalNo CarryVa Operating Exp 8253.00 Other Income 0.00 Owner Pays LandscapingSewerTrash CollectionWater Project Type Four Plex Sale Includes Land & BuildingOther (See Remarks) Sewer Sewer - Public Source Of Financial Data Provided By Owner Tax Municipality Phoenix Taxes 1027.00 Tenant Pays Cable TvElectric Totl Mnth Rntal Inc 6365.00 Vacancy Allowance 0.03 Water City FranchiseMaster Meter Zoning [R-5]

Arizona Regional MLS logo Listing provided by Better Homes & Gardens Real Estate Sj Fowler: [IDXCONTACTINFORMATION] .


Arizona Regional MLS logo© 2023 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than Elite Home Advisors | Keller Williams Realty Phoenix. Data last updated 2023-01-28T12:19:17.427.
 
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