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8939 N 8th St
Phoenix, AZ 85020 North Mountain

$1,625,000 USD

Apartments For Sale • 4,558 SF

Property Details

Property Type Apartments
Total Building Size 4,558 SF
Lot Size 0.33 AC
Building Class C
Year Built 1946
Zoning R-4

40 Transit Score

50 Walk Score

                
                    Highlights
                
                                $1,625,000 asking price; eight apartments at $203,125 per unit.
                            
                                Year-2 base rent of $127,200 annually; 7.83% cap rate
                            
                                Absolute NNN master lease through August 31, 2030.
                            
                                Base rent increases $100 per month at each remaining initial-term anniversary.
                            
                                Two five-year renewal options, personal guarantee and tenant first right of refusal.
                            
                                Tenant expense obligations governed by the executed lease; no seller financing.

Property Flyers

760-778 W Wickenburg-One Page Flyer

760-778-W WIckenburg-Offering Memorandum

Amenities

Air Conditioning
Cable Ready
Laundry Facilities
Microwave
Storage Space
Gated
Ceiling Fans
Tile Floors
Kitchen
Refrigerator
Range
Tub/Shower
Porch
Window Coverings

Public Transportation

Airport	Drive	Walk	Distance
Phoenix Sky Harbor International	23 min	-	13.0 mi
Phoenix-Mesa Gateway	57 min	-	40.1 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	12
Type:	Surface
Included in Rent:	Yes

Linda Gerchick 602-688-9279 Gerchick Real Estate

8939 N 8th St Phoenix, AZ 85020 North Mountain