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814 N 8th Avenue Phoenix, AZ 85007
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Key Details
Sold Price $1,050,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Kensington Place
MLS Listing ID 6480724
Sold Date 04/05/23
Maintenance Fees $2,000
Originating Board Arizona Regional Multiple Listing Service (ARMLS)
Year Built 1980
Annual Tax Amount $1,027
Tax Year 2022
Lot Dimensions 134x50
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 residential area. 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.
Location
State AZ
County Maricopa
Community Kensington Place
Zoning [R-5]
Interior
Appliance FS OvenRange, WD Hookup, Microwave, WasherDryer
Exterior
Parking Features Paved Parking, Free, Assigned, 1 Space/Unit, Street Parking
Community Features No Pool
Roof Type See Remarks,Metal
Total Parking Spaces 5
Building
Sewer Public Sewer
Water City Franchise, Master Meter
New Construction No
Schools
School District Phoenix Union High School District
Others
Senior Community No
Tax ID 111-29-042
Acceptable Financing No Carry, Conventional, VA Loan
Listing Terms No Carry, Conventional, VA Loan
Financing Other
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Bought with Long Realty Uptown