The Property
Look at the HIGH Rent Roll. Owner has spent over 100K on rehab! There are 6 units collecting rent with laundry room income in place. 85020 the prices are climbing and the area is a great rental market. All Tile floors, new large hot water heater. New Landscaping along with much more. See the listing of capital improvements. See the Doc tab for current financials and rent roll along with much more. Buyer to verify all facts and figures.
The Virtual Tour
Gerchick Real Estate recently assisted a client with acquiring a triplex located in the Garfield District near downtown Phoenix. The building is in need of a remodel and the client is currently in the process of obtaining the necessary permits from the city to begin work on the property. It’s expected to be about a 6 month remodel. Gerchick Real Estate put the client in touch with an architect that is familiar with the area and knows how to design the correct layout/floorplan to attract people to the property.
Location
This area is moving up in the world.
The population of Sunnyslope represents the most diverse socio-economic neighborhoods of Phoenix. Many of the wealthiest and most politically active persons (past mayors, councilmembers, and business leaders) in the valley and many of the most financially vulnerable in the Phoenix area live in Sunnyslope. John C. Lincoln Health Network, a two-hospital network of primary, specialty, ambulatory, and emergency care providers, grew out of the Desert Mission community medical center. (A 2013 merger with Scottsdale Healthcare resulted in the combined entity being known as HonorHealth by 2015.) John C. Lincoln Health Network is the largest employer of Sunnyslope and the surrounding neighborhoods. Desert Mission Services continues to meet the basic needs of the community through the Desert Mission Food Bank, the Desert Mission Children’s Dental Clinic, Desert Mission’s Marley House Behavioral Health Clinic, Lincoln Learning Center, a nationally accredited child development and learning facility, and Desert Mission Neighborhood Renewal (a neighborhood-based Community Development Corporation).
In April 2011, Sunnyslope was the featured community for the Modern Phoenix Home Tour, shedding light on the number of prominent architects and other creative individuals who have chosen to develop (and live in) properties in the community.
Sale Price
Yearly Gross Income
Operating Expenses
Net Operating Income
Cap Rate
Documents
8816 N 6th Place-2018 Financials while under rehab
8816 N 6th Place Rehab Expenses
8816 N 6th Place-Schedule of Personal Property
8816 N 6th Place-Laundry Lease
8816 N 6th Place Appraisal Measurement
8816 N 6th Place-Lead Based Paint Disclosure
8816 N 6th Place Insurance Loss Run
8816 N 6th Place-Lead Based Paint Disclosure
8816 N 6th Place Market Condition Advisory
Property Photos
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