8816 N 6th Pl - Apartments FOR SALE


Phoenix, AZ 85020- North Mountain
$595,000 USD
602-688-9279
8816 N 6th Pl, Phoenix, AZ for Sale
$595,000 USD
Apartments - FOR SALE
1/22
null | 7.28% Cap Rate

8816 N 6th Pl
Phoenix, AZ 85020
North Mountain


HIGHLIGHTS

  • 8816 N 6th Place is a six-unit multifamily complex with over $100K implement in upgrades to the air-conditioned units.
  • High rents are currently in place for tenants, and there is additional income from the on-site laundry facility.
  • The six non-conforming units are master metered.
  • Inquire today about this prime real estate opportunity in the vibrant 85020 zip code | cash offers only.

OVERVIEW

Welcome to the cash-only investment opportunity to acquire six non-conforming multifamily units at 8816 N 6th Place in Phoenix, AZ. Properties in the 85020 zip code benefit from strong rental demand driven by professionals and families, steady appreciation rates fueled by the area's growing desirability, and proximity to key amenities that enhance tenant satisfaction and retention. According to the property manager, the apartment building practically runs itself. Six units collect rent, and laundry room income is in place. This non-conforming property is easy to maintain, has a newer roof, is master-metered, and has easy-to-maintain landscaping. There is ceramic tile or laminate flooring throughout, modern exterior paint, air-conditioned units, and modern cabinetry. Prices are climbing in the 85020 zip code and with a great rental market. Nestled in the heart of Phoenix, the 85020 zip code offers a vibrant mix of residential charm, employment hubs, and unparalleled lifestyle amenities. There is a variety of green spaces that appeal to outdoor enthusiasts and families alike. The North Mountain Park is perfect for hiking, picnics, and enjoying breathtaking desert views. The Phoenix Mountain Preserve is a known haven for hikers, mountain bikers, and nature lovers with trails for all skill levels. The Granada Park features fishing ponds, playgrounds, and plenty of open space for relaxation or recreation. The 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. The center is known for its trauma care, comprehensive services, and advanced medical technology. Additional nearby clinics and specialty practices ensure comprehensive healthcare access. Nearby business parks and corporate offices in Midtown and Downtown Phoenix are a short commute away. The area enables 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, and the Sky Harbor International Airport is a major travel hub. The 85020 zip code strikes the perfect balance between urban convenience and suburban tranquility. From cozy neighborhood cafés to upscale dining and retail options, the area has something for everyone. Residents can access well-regarded schools, making this an ideal location for families, and there is a tight-knit, welcoming community with regular local events and farmer’s markets. 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. Inquire today to explore investment opportunities in this thriving area. Whether you’re a seasoned investor or new to real estate, the 85020 zip code offers unparalleled potential for growth and returns. * Buyers are encouraged to verify all facts and figures independently. Directions: Go south on 7th Street to Townley. Turn West to 6th Place. Turn South and the property is on the west side.

FOR SALE DETAILS

PRICE

$595,000 USD

PRICE/SF

$371 USD /SF

# OF UNITS

6

PRICE/UNIT

$99,167

CAP RATE

7.28%

% LEASED

83%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1948

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,301 SF

ZONING

R-5

APN/PARCEL ID

160-49-080A

ASK ABOUT THIS PROPERTY

Linda GerchickGerchick Real EstateMore Info
602-688-9279

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Linda GerchickGerchick Real EstateMore Info
602-688-9279

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.