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    9230 N 8TH Street

    Phoenix, AZ 85020
    • $460,000
    • STATUS: Active Under Contract
    • ON SITE: 12 days
    • MLS #: 6193163
    Under Contract
    UPDATED: 61 min ago
    $460,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Multi-Family
    Built:
    1979
    County:
    Area:

    School Ratings & Info

    Description

    Significantly upgraded triplex with all 2 bedroom ''townhouse-style'' units with lofted ceilings. Strongly appreciating pocket in the 85020 zip code that appeals to renters. Long-term, local owners that have self-managed. Units offer many amenities; including stacked washer/dryers, private patios, upgraded cosmetics in the unit, two parking spaces...and more. These units have so much more to offer than the cookie cutter 650 SF 2 bedroom. Could be an ideal short-term rental play over time as well. Showings in escrow. Do not bother the tenants. Pro forma shows close to a 7 CAP with rents at $980/unit. Current rents are below market now ($850, $850, $700-long-term tenant). Buyer to complete and rely on own due diligence.

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    © 2021 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 Executive Realty Advisors | Keller Williams Realty Phoenix. Data last updated 2021-02-24T22:11:52.48.
    www.yournextphoenixhome.com/homes/114184913
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    9230 N 8TH Street Phoenix, AZ 85020

    • Price: $460,000
    • Status: Active Under Contract
    • Updated: 61 min ago
    • MLS #: 6193163
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1979
    Built
    County:
    Maricopa
    Area:
    Phoenix
    School District:
    006 - Washington Elementary District
    Property Description
    Significantly upgraded triplex with all 2 bedroom ''townhouse-style'' units with lofted ceilings. Strongly appreciating pocket in the 85020 zip code that appeals to renters. Long-term, local owners that have self-managed. Units offer many amenities; including stacked washer/dryers, private patios, upgraded cosmetics in the unit, two parking spaces...and more. These units have so much more to offer than the cookie cutter 650 SF 2 bedroom. Could be an ideal short-term rental play over time as well. Showings in escrow. Do not bother the tenants. Pro forma shows close to a 7 CAP with rents at $980/unit. Current rents are below market now ($850, $850, $700-long-term tenant). Buyer to complete and rely on own due diligence.
    Exterior Features

    Construction Frame - Wood Construction Finish Painted Covered Parking Spaces 0.00 Exterior Amenities Cable Tv AvailablePartially FencedPatio/BalconySecurity Light(S)Separate Storage Lot Size Dimensions 6360 SF Parking >1 Space Per UnitFreePaved Parking Roads Asphalt Roofing Comp Shingle

    Interior Features

    1 Bedroom Unit Avg Sq Ft 0 1 Bedroom Unit Baths 0 2 Bedroom Unit Avg Sq Ft 641 2 Bedroom Units Baths 1 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 Bi Oven/RangeRefrigeratorW/D HookupWasher/Dryer Cooling Central A/CElectric RefrigeratdIndividual Efficiency Unit Avg Sq Ft 0 Efficiency Unit Baths 0 Floors Carpet Heating Gas Interior Amenities Fire/Smoke Alarm(S)Mini BlindsUnfurnished

    Property Features

    1 Bedroom Unit Avg Rent 0.00 1 Bedroom Units 0 2 Bedroom Unit Avg Rent 980.00 2 Bedroom Units 3 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 34086.00 Annual Elec Exp 0.00 Annual Gas Exp 0.00 Annual Ins Exp 1200.00 Annual Land Lse Exp 0.00 Annual Landscape Exp 400.00 Annual Legal And Acctg 100.00 Annual Maint Exp 1300.00 Annual Mgmt Exp 0.00 Annual Other Expense 200.00 Annual Ownr Asoc Fee 0.00 Annual Pad Fee 0.00 Annual Rplcmnt Rsrvs 0.00 Annual Trash Exp 0.00 Annual Wtr Swr Exp 2880.00 Community Amenities No Pool Cross Street 8th Street & Cave Creek Rd Efficiency Unit Avg Rent 0.00 Efficiency Units 0 Electric Aps Gas Sw Gas Gross Annual Sch Inc 35280.00 Hoa YN No Net Operating Income 27167.00 New Financing Conventional Operating Exp 6949.00 Other Income 600.00 Owner Pays LandscapingTrash CollectionWater Project Type Tri-Plex Sale Includes Land & Building Sewer Sewer - Public Source Of Financial Data Other (See Remarks)Projected ProformaProvided By Owner Tax Municipality Phoenix Taxes 869.00 Tenant Pays Cable TvElectricGas Totl Mnth Rntal Inc 2990.00 UCB Ucb (Under Contract-Backups) Vacancy Allowance 0.05 Water City Franchise Zoning R-5

    Listing courtesy of S. J. Fowler Real Estate Inc..


    © 2021 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 Executive Realty Advisors | Keller Williams Realty Phoenix. Data last updated 2021-02-24T22:11:52.48.
     
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    Executive Realty Advisors | Keller Williams Realty Phoenix
    4862 E. Baseline Rd.
    Mesa AZ, 85206