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.
Sold for $1,050,000 on 04/05/23
$1,050,000
814 N 8th Ave, Phoenix, AZ 85007
8beds
4baths
2,600sqft
Multi Family
Built in 1980
-- sqft lot
$994,200 Zestimate®
$404/sqft
$1,598 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: January 02, 2024 at 02:51pm
Listed by:
Ken Tasopulos 480-332-4497,
Better Homes & Gardens Real Estate SJ Fowler
Bought with:
Timothy Redelsperger, SA663146000
Long Realty Uptown
Source: ARMLS,MLS#: 6480724

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
Heating
- Central, Electric
Cooling
- Central Air, Electric
Appliances
- Included: Free-Standing Range, Dishwasher, Refrigerator, Microwave, Washer/Dryer
- Laundry: W/D Hookup
Features
- Flooring: Other
Interior area
- Total structure area: 2,600
- Total interior livable area: 2,600 sqft
Property
Parking
- Total spaces: 5
- Parking features: Paved, Free, Assigned, 1 Space/Unit, On Street
- Uncovered spaces: 5
Lot
- Size: 6,700 sqft
- Dimensions: 134 x 50
Details
- Parcel number: 11129042
- Zoning: [R-5]
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Wood Frame, Painted, Stucco
- Roof: Other,Metal
Condition
- Year built: 1980
Utilities & green energy
- Electric: APS, Individual Meter
- Sewer: Public Sewer
- Water: Master Meter, City Franchise
Community & neighborhood
Community
- Community features: No Pool
Location
- Region: Phoenix
- Subdivision: KENSINGTON PLACE
Other
Other facts
- Listing terms: No Carry,Conventional,VA Loan
- Ownership: Fee Simple
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Estimated market value
$994,200