480-442-0779

8816 N 6TH Place, Phoenix, AZ 85020 (MLS# 6804616)

8816 N 6TH Place, Phoenix, AZ 85020

$595,000
Property Type: Multiple Dwellings Status: Active
Current Price: $595,000 Last Modified: 1/15/2025

Description

Property Manager says it practically runs itself. There are 6 units collecting rent with laundry room income in place. In 85020 the prices are climbing, with a great rental market. This is a non-conforming property. Easy to insure. Newer roof, master metered, and easy to maintain landscaping. See the Doc tab for current financials and rent roll along with much more. This is a drive by only property but feel free to walk the property. Buyer to verify all facts and figures. • Over 100K in upgrades • 6 Units w/ Tenants paying High Rents • Master Metered • Ceramic Tile or Laminate Flooring • Modern Exterior Paint • Air Conditioned Units • Modern Cabinetry • Additional Income from Laundry Room • Easy Maintenance Landscaping

Supplements: **Prime Real Estate Opportunity in the Vibrant 85020 Zip Code** Nestled in the heart of Phoenix, the 85020 zip code offers a vibrant mix of residential charm, employment hubs, and unparalleled lifestyle amenities. Here's why investing in this area is a smart choice: --- ### **LOCATION HIGHLIGHTS** **Parks & Recreation:** The 85020 area is home to a variety of green spaces that appeal to outdoor enthusiasts and families alike: - **North Mountain Park**: Perfect for hiking, picnics, and enjoying breathtaking desert views. - **Phoenix Mountain Preserve**: A haven for hikers, mountain bikers, and nature lovers with trails for all skill levels. - **Granada Park**: Features fishing ponds, playgrounds, and plenty of open space for relaxation or recreation. **Employment Base:** This area boasts a diverse employment base, making it attractive for professionals in various fields. Key employment sectors include healthcare, education, retail, and tech. Major employers in the vicinity include: - **HonorHealth John C. Lincoln Medical Center**: A leading regional healthcare provider, anchoring the area's strong medical employment sector. - Nearby business parks and corporate offices in Midtown and Downtown Phoenix are a short commute away. **Healthcare Access:** Residents enjoy proximity to top-notch medical facilities, such as: - **HonorHealth John C. Lincoln Medical Center**: Known for its trauma care, comprehensive services, and advanced medical technology. - Additional nearby clinics and specialty practices ensure comprehensive healthcare access. **Transportation Connectivity:** Effortless commuting and accessibility: - **State Route 51 (Piestewa Freeway)** offers direct access to Phoenix's central business districts and other metropolitan areas. - **Valley Metro Bus and Light Rail Services**: Provide convenient and affordable public transportation options. - Close proximity to **Sky Harbor International Airport**, a major travel hub. --- ### **LIFESTYLE & COMMUNITY AMENITIES** The 85020 zip code strikes the perfect balance between urban convenience and suburban tranquility. - **Dining & Shopping**: From cozy neighborhood cafés to upscale dining and retail options, the area has something for everyone. - **Schools**: Access to well-regarded schools makes this an ideal location for families. - Community Engagement: A tight-knit, welcoming community with regular local events and farmer's markets. REAL ESTATE OPPORTUNITIES Whether you're looking for investment properties, multifamily units, or single-family homes, 85020 offers a diverse range of real estate options. The area's demand continues to rise due to its strong employment base, outdoor amenities, and family-friendly atmosphere. INVESTMENT INSIGHT Properties in 85020 benefit from: - Strong rental demand driven by professionals and families. - Steady appreciation rates fueled by the area's growing desirability. - Proximity to key amenities that enhance tenant satisfaction and retention. Disclaimer: Buyers are encouraged to verify all facts and figures independently.

More Information MLS# 6804616

Contract Info

Current Price: $595,000 List Price: $595,000 Status: Active List Date: 2025-01-14 Ownership: Fee Simple

Location Tax Legal

House Number: 8816 Compass: N Street Name: 6TH St Suffix: Place City/Town Code: Phoenix State/Province: AZ Zip Code: 85020 Zip4: 2966 Country: USA County Code: Maricopa Subdivision: TOWNLEY SQUARE Assessor Number: 160-49-080-A Tax Year: 2024

General Property Description

Lot Size Dimensions: irr Year Built: 1948 Uncvrd Parking Spcs: 6 Total # of Units: 6 # of Buildings: 1 Zoning: MFAM Flood Zone: TBD High School District: Glendale Union High School District

Remarks Misc

Cross Street: Dunlap and 7th Street Directions: Go south on 7th Street to Townley Turn West to 6th Place Turn South and property is on the west side Geo Lat: 33.564685 Geo Lon: -112.066353

Status Change Info

Status Change Date: 2025-01-14

Legal Info

Township: 3N Range: 3E Section: 32 Lot Number: 53

Income Expenses

Gross Annual Sch Inc: 64800 Net Operating Income: 39000

Showing Notification Methods

Showing Service: Aligned Showings

Efficiency Units

# Efficiency Units: 2 Avg Rent: 850 Avg SqFt: 225 # Baths: 1

1 Bedroom Units

# 1 Bedroom Units: 4 Avg Rent: 850 Avg SqFt: 300 # Baths: 1

Property Features

Project Type: 5 - 12 Units Construction: Block; Frame - Wood Const - Finish: Painted; Stucco; Siding Roofing: Comp Shingle; Rolled Floors: Vinyl; Ceramic Tile Sale Includes: Land & Building; Personal Property; Laundry Equipment; Other (See Remarks) Community Amenities: No Pool Exterior Amenities: Desert Landscaping; Partially Fenced; Cable TV Available Interior Amenities: Unfurnished; Fire/Smoke Alarm(s); Mini Blinds Appliances Included: F/S Oven/Range; Refrigerator Heating: Other Cooling: Ceiling Fan(s); Window/Wall Unit; Individual Water: City Franchise; Master Meter Sewer: Sewer - Public; Sewer-In & Connected Electric: APS; Master Meter Gas: None Parking: 1 Space/Unit; Free Owner Pays: Water; Electric; Trash Collection; Landscaping Tenant Pays: Cable TV Source of Fincl Data: Provided by Owner; Books Shwn Accpt Ofr Lockbox Type: None Existing 1st Loan: Treat as Free&Clear Existing 1st Ln Type: Not Applicable Existing 1st Ln Trms: Not Applicable Existing 2nd Loan: Treat as Free&Clear Existing 2nd Ln Type: Not Applicable Existing 2nd Ln Trms: Not Applicable Existing 3rd Loan: Treat as Free&Clear Existing 3rd Ln Type: Not Applicable Existing 3rd Ln Trms: Not Applicable Existing Othr Ln Trm: Not Applicable New Financing: Conventional; No Carry; Other (See Remarks) Environmental: None
Listing Office: Gerchick Real Estate
Last Updated: January - 15 - 2025
8816 N 6TH Place, Phoenix, AZ 85020- MLS# 6804616
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