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**Overview:** This meticulously upgraded 8-unit apartment complex offers a unique investment opportunity or a versatile property for various uses. The building features a comprehensive renovation and several high-quality enhancements, positioned in a competitive rental market. **Unit Mix:** - **6 Units:** 1-bedroom apartments - **2 Units:** 2-bedroom, 1-bath apartments - **1 Office Unit:** This is one of the units. Currently used as an office space with a remodeled bathroom. The seller is willing to convert this unit into to a one bedroom apartment if requested prior to the close of escrow. SEE Supplement **Renovations & Upgrades:** - **Apartment Upgrades (Rehabbed in 2024):** - **Units 1-7:** Thoughtful updates include new flooring and completely remodeled bathrooms. **Apartment 1** features the most extensive renovations, including full wall and flooring replacements. - **Bathrooms:** All bathrooms have been remodeled with new flooring, plumbing, toilets, showers, tiling, and cabinets. Each renovation cost approximately $12,000 per apartment. - **Office/Storage Space (Purple Door):** - **Building Addition:** Added for approximately $100,000, this versatile space can be used for office purposes or additional storage. - **Exterior Enhancements:** - **Brick Patio:** Installed in 2019 at a cost of $15,000, featuring TV and power outlets for enhanced tenant enjoyment. - **Security Gate:** Added in 2015 for $5,000, providing additional security. - **New Brick Wall:** A $5,000 investment for added privacy and security between the property and 801 E Dunlap. - **New Mailboxes and Stand:** Installed in August 2024 for $500, providing a fresh and organized mail solution. **Property Features:** - **Laundry Room:** Convenient on-site laundry facility. - **Storage Units:** Two storage units are included with the property. - **Tenant Amenities:** All units come equipped with microwaves, refrigerators, and stoves. - **Gated Property:** Added security and privacy for residents. - **Vacant Property:** Currently vacant to allow for diverse use options, such as a sobriety house or rental for cash flow. **Investment Potential:** With recent extensive renovations and a range of enhancements, this property is ideal for a variety of uses. Its current vacancy allows for flexible applications, whether for immediate rental income or specialized uses. **Buyer Information:** - **Note:** Buyers must confirm all facts and figures to ensure accuracy.

PROPERTY FEATURES

Water Source : City Franchise, Master Meter Sewer Source : Public Sewer Electric : APS, Individual Meter
Community Features : See Remarks, Barbecue, No Pool
Parking Features: Free, <1 Space Per Unit, Street Parking
Cooling: Individual, Heat Pump Heating : Individual, Heat Pump, Electric
Construction Materials: Painted, Stucco, Block, Frame - Wood
Flooring : Carpet, Ceramic Tile

PROPERTY DETAILS

Street Address: 8939 N 8TH Street
City: Phoenix
State: Arizona
Postal Code: 85020
County: Maricopa
MLS Number: 6749873
Year Built: 1987
Courtesy of Gerchick Real Estate

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