814 N 8th Avenue, Phoenix, AZ 85007 (MLS# 6480724)

814 N 8th Avenue, Phoenix, AZ 85007

$1,050,000

Property Type: Multiple Dwellings Bedrooms: 8 Baths: 16 Status: Closed

Current Price: $1,050,000 Last Modified: 9/10/2026

Overview

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

Supplements: 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 ... (Read more)

Listing Details MLS# 6480724

Location, Tax & Legal

Map Code/Grid: Q34
House Number: 814
Compass: N
Street Name: 8th
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85007
Zip4: 2382
Country: US
County Code: Maricopa
Subdivision: KENSINGTON PLACE
Assessor Number: 111-29-042
Tax Year: 2022
Assessor's Map #: 29
Legal Description (Abbrev): LOT 18 BLOCK 2 KENSINGTON PLACE MCR 000435
Assessor's Parcel #: 42
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 112900
Taxes: 1027
Legal: LOT 18 BLOCK 2 KENSINGTON PLACE MCR 000435
Marketing Name: Kensington Place

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: 134x50
Year Built: 1980
Uncvrd Parking Spcs: 5
Total # of Units: 4
# of Buildings: Yes
Zoning: [R-5]
Elementary School District: Phoenix Elementary District
High School District: Phoenix Union High School District

Remarks Misc

Cross Street: 7th Ave & Roosevelt

Status Change Info

Off Market Date: 2023-04-05
Under Contract Date: 2023-03-22
Close of Escrow Date: 2023-04-05

Legal Info

Township: 1N
Range: 3E
Section: 6
Block: 2
Lot Number: 18

More Information

2 Bedroom Units

# 2 Bedroom Units: 4
Avg Rent: 1591.25
Avg SqFt: 650
# Baths: 4

Structure

Bedrooms Total: 8
Bathrooms Total: 16

Income Expenses

Gross Annual Sch Inc: 76380
Net Operating Income: 65657

Sold Info

Loan Type: Other
Payment Type: Other
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Buyer Concession to Seller: 0
Seller Concession to Buyer: 0

Project Type

Four Plex: Yes

Efficiency Units

Avg Rent: 0

1 Bedroom Units

Avg Rent: 0

3 Bedrooms Units

Avg Rent: 0

4 Bedrooms Units

Avg Rent: 0

Construction

Wood Frame: Yes

Const - Finish

Painted: Yes
Stucco: Yes

Roofing

Metal: Yes
Other: Yes

Floors

Other: Yes

Sale Includes

Land & Building: Yes
Other (See Remarks): Yes

Income & Expenses

Annual Elec Exp: 0
Annual Gas Exp: 0
Annual Ins Exp: 2009
Annual Land Lse Exp: 0
Annual Landscape Exp: 840
Annual Maint Exp: 2000
Annual Trash Exp: 1691
Annual Wtr/Swr Exp: 865
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Annual Other Expense: 0
Operating Exp: 8432
Other Income: 0
Vacancy Allowance: 0.03
Adjusted Gross Inc: 74088.6

Pmt & Rate Info

Cap Rate: 5.84
Equity: 1125000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0

Showing Notification Methods

Phone Call: Yes

Lockbox Type

None: Yes

Community Features

No Pool: Yes

Heating

Electric: Yes
Central: Yes

Cooling

Central Air: Yes
Electric: Yes

Exterior Amenities

Desert Landscaping: Yes
Partially Fenced: Yes
Curb(s) & Gutter(s): Yes
Sidewalk(s): Yes
Patio/Balcony: Yes
Other (See Remarks): Yes

Interior Features

Other (See Remarks): Yes

Tenant Pays

Electricity: Yes
Cable TV: Yes

Appliances Included

Dishwasher: Yes
Microwave: Yes
Refrigerator: Yes
Free-Standing Range: Yes
Washer/Dryer: Yes
W/D Hookup: Yes

Road Surface Type

Asphalt: Yes

Source of Fincl Data

Owner: Yes

Water Source

City Franchise: Yes
Master Meter: Yes

Sewer

Sewer - Public: Yes

Parking Features

Free: Yes
On Street: Yes
1 Space/Unit: Yes
Paved: Yes
Assigned: Yes

Electric

APS: Yes
Individual Meter: Yes

Gas

None: Yes

Owner Pays

Water: Yes
Sewer: Yes
Trash Collection: Yes
Landscaping: Yes

New Financing

VA: Yes
Conventional: Yes
No Carry: Yes

Reports/Disclosures

Seller Prop Disc Stm: Yes

Environmental

None: Yes

Property Features

Project Type: Four Plex Construction: Wood Frame Const - Finish: Painted; Stucco Roofing: Metal; Other Floors: Other Sale Includes: Land & Building; Other (See Remarks) Community Features: No Pool Exterior Amenities: Desert Landscaping; Partially Fenced; Curb(s) & Gutter(s); Sidewalk(s); Patio/Balcony; Other (See Remarks) Interior Features: Other (See Remarks) Appliances Included: Free-Standing Range; Refrigerator; Dishwasher; Microwave; Washer/Dryer; W/D Hookup Heating: Central Cooling: Electric; Central Air Water Source: City Franchise; Master Meter Sewer: Sewer - Public Electric: APS; Individual Meter Gas: None Parking Features: On Street; 1 Space/Unit; Assigned; Free; Paved Road Surface Type: Asphalt Owner Pays: Water; Trash Collection; Landscaping Tenant Pays: Electricity; Cable TV Source of Fincl Data: Owner Showing Notification Methods: Phone Call Lockbox Type: None New Financing: VA; Conventional; No Carry Environmental: None

Listing Office: Better Homes & Gardens Real Estate SJ Fowler

Last Updated: September - 10 - 2026