8939 N 8TH Street, Phoenix, AZ 85020

$1,625,000
Property Type: Multiple Dwellings Bedrooms: 10 Baths: 8 Status: Active
Current Price: $1,625,000 Last Modified: 9/02/2026

Overview

Description

8939 N 8th Street offers investors the opportunity to acquire a fully leased, eight-unit multifamily property operating under a five-year Absolute NNN master lease with an established tenant. The lease provides predictable income, annual rent increases and minimal landlord responsibilities. The tenant has demonstrated exceptional reliability by consistently paying rent on time, carefully maintaining the property and investing its own funds into exterior painting and landscaping. These tenant-funded improvements have further enhanced the property's curb appeal and long-term value.

Supplements: Financial Highlights Asking Price: $1,625,000 Actual Year 2 Cap Rate: 7.83% Year 2 Base Rent: $10,600 per month Annual Base Rent: $127,200 Annual Tax and Insurance Reimbursements: $12,577.32 Total Annual Lease Payment: $139,777.32 Scheduled Annual Base-Rent Increase: $1,200 Price Per Unit: $203,125 September 1, 2026 payment received Lease ...

Listing Details MLS# 7061722

Location, Tax & Legal

House Number
8939
Compass
N
Street Name
8TH
St Suffix
Street
City/Town Code
Phoenix
State/Province
AZ
Zip Code
85020
Zip4
6131
Country
US
County Code
Maricopa
Subdivision
FORD TRACT
Assessor Number
160-03-012-A
Tax Year
2025
Assessor's Map #
3
Legal Description (Abbrev)
LOT 12 FORD TRACT MCR 003230
Assessor's Parcel #
12
Assessor Parcel Ltr
A
Add'l Parcels
No
Tax Municipality
Phoenix
Census Tract
105200
Taxes
4198
Tax District
PHX
Legal
Legal to be provided by title
Marketing Name
NNN Leased

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
IRR
Year Built
1987
Uncvrd Parking Spcs
10
Total # of Units
7
# of Buildings
3
Zoning
R-4
Flood Zone
TBD
High School District
Glendale Union High School District
High School
Sunnyslope High School

Remarks Misc

Cross Street
7TH STREET AND DUNLAP

Legal Info

Lot Number
12 & 13

1 Bedroom Units

# 1 Bedroom Units
6
Avg Rent
1200
Avg SqFt
560
# Baths
Yes

More Information

2 Bedroom Units

# 2 Bedroom Units
2
Avg Rent
1400
Avg SqFt
660
# Baths
Yes

Structure

Bedrooms Total
10
Bathrooms Total
8

Income Expenses

Gross Annual Sch Inc
127200
Net Operating Income
127200

Showing Notification Methods

Showing Service
Aligned Showings
Text
Yes
Email
Yes
Phone Call
Yes

Project Type

5 - 12 Units
Yes

Efficiency Units

Avg Rent
0

3 Bedrooms Units

Avg Rent
0

4 Bedrooms Units

Avg Rent
0

Construction

Block
Yes
Wood Frame
Yes

Const - Finish

Painted
Yes
Stucco
Yes

Roofing

Composition
Yes
Foam
Yes
Rolled
Yes

Floors

Ceramic Tile
Yes
Carpet
Yes

Sale Includes

Land & Building
Yes
Personal Property
Yes
Laundry Equipment
Yes
Other (See Remarks)
Yes

Income & Expenses

Annual Elec Exp
0
Annual Gas Exp
0
Annual Ins Exp
4040.4
Annual Land Lse Exp
0
Annual Landscape Exp
0
Annual Legal & Acctg
0
Annual Maint Exp
0
Annual Mgmt Exp
0
Annual Trash Exp
0
Annual Wtr/Swr Exp
0
Owner Association
No
Annual Ownr Asoc Fee
0
Annual PAD Fee
0
Annual Rplcmnt Rsrvs
0
Annual Other Expense
0
Operating Exp
8238.4
Other Income
12577.32
Vacancy Allowance
0
Adjusted Gross Inc
127212
Total Monthly Rental Income
10500

Pmt & Rate Info

Cap Rate
7.83
Equity
1625000
Down Payment %
0
Monthly Payments
0
Total Owed
0

Lockbox Type

None
Yes

Community Features

No Pool
Yes
Manager Res/Office
Yes
Barbecue
Yes
Other
Yes
See Remarks
Yes

Heating

Heat Pump
Yes
Electric
Yes
Individual
Yes

Cooling

Ceiling Fan(s)
Yes
Heat Pump
Yes
Individual
Yes

Exterior Amenities

Desert Landscaping
Yes
Fenced
Yes
Curb(s) & Gutter(s)
Yes
Cable TV Available
Yes
Patio/Balcony
Yes
Separate Storage
Yes
Security Light(s)
Yes

Interior Features

Fire/Smoke Alarm(s)
Yes
Mini Blinds
Yes

Tenant Pays

Gas
Yes
Water
Yes
Sewer
Yes
Electricity
Yes
Trash Collection
Yes
Cable TV
Yes
Landscaping
Yes
Other (See Remarks)
Yes

Appliances Included

Disposal
Yes
Microwave
Yes
Refrigerator
Yes
Free-Standing Range
Yes
Washer/Dryer
Yes
Other
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 Per Unit
Yes
Paved
Yes
Other
Yes

Electric

APS
Yes
Individual Meter
Yes
Other (See Remarks)
Yes

Gas

None
Yes

Owner Pays

None
Yes

New Financing

Cash
Yes
Conventional
Yes
No Carry
Yes

Existing 1st Loan

Treat as Free&Clear
Yes

Existing 1st Loan Type

Not Applicable
Yes

Existing 1st Loan Terms

Not Applicable
Yes

Existing 2nd Loan

Treat as Free&Clear
Yes

Existing 2nd Loan Type

Not Applicable
Yes

Existing 2nd Loan Terms

Not Applicable
Yes

Existing 3rd Loan

Treat as Free&Clear
Yes

Existing 3rd Loan Type

Not Applicable
Yes

Reports/Disclosures

Seller Prop Disc Stm
Yes
APOD/Backup Avaible
Yes
Sch of Personal Prop
Yes
Other (See Remarks)
Yes

Existing 3rd Loan Terms

Not Applicable
Yes

Environmental

None
Yes

Existing Othr Ln Trm

Not Applicable
Yes

Property Features

Project Type: 5 - 12 Units Construction: Block; Wood Frame Const - Finish: Painted; Stucco Roofing: Composition; Foam; Rolled Floors: Ceramic Tile; Carpet Sale Includes: Land & Building; Personal Property; Laundry Equipment; Other (See Remarks) Community Features: No Pool; Manager Res/Office; Barbecue; Other; See Remarks Exterior Amenities: Desert Landscaping; Fenced; Curb(s) & Gutter(s); Cable TV Available; Patio/Balcony; Separate Storage; Security Light(s) Interior Features: Fire/Smoke Alarm(s); Mini Blinds Appliances Included: Free-Standing Range; Refrigerator; Disposal; Microwave; Washer/Dryer; Other Heating: Individual; Heat Pump Cooling: Ceiling Fan(s); Heat Pump; Individual Water Source: City Franchise; Master Meter Sewer: Sewer - Public Electric: APS; Individual Meter; Other (See Remarks) Gas: None Parking Features: On Street; >1 Space Per Unit; Free; Paved; Other Road Surface Type: Asphalt Owner Pays: None Tenant Pays: Water; Sewer; Electricity; Gas; Trash Collection; Cable TV; Landscaping; Other (See Remarks) Source of Fincl Data: Owner Showing Notification Methods: Text; Email; Phone Call Lockbox Type: None Existing 1st Loan: Treat as Free&Clear Existing 1st Loan Type: Not Applicable Existing 1st Loan Terms: Not Applicable Existing 2nd Loan: Treat as Free&Clear Existing 2nd Loan Type: Not Applicable Existing 2nd Loan Terms: Not Applicable Existing 3rd Loan: Treat as Free&Clear Existing 3rd Loan Type: Not Applicable Existing 3rd Loan Terms: Not Applicable Existing Othr Ln Trm: Not Applicable New Financing: Cash; Conventional; No Carry Environmental: None
IDX
Listing Office: Gerchick Real Estate
Last Updated: September - 02 - 2026
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