**Address:** 8939 N 8th St, Phoenix, AZ

**Overview:**
This meticulously upgraded 8-unit apartment complex offers a unique investment opportunity or a versatile property for various uses. The building features a comprehensive renovation and several high-quality enhancements, positioned in a competitive rental market.

**Unit Mix:**
– **6 Units:** 1-bedroom apartments
– **2 Units:** 2-bedroom, 1-bath apartments
– **1 Office Unit:** This is one of the units. Currently used as an office space with a remodeled bathroom. The seller is willing to convert this unit into to a one bedroom apartment if requested prior to the close of escrow.

**Renovations & Upgrades:**

– **Apartment Upgrades (Rehabbed in 2024):**
– **Units 1-7:** Thoughtful updates include new flooring and completely remodeled bathrooms. **Apartment 1** features the most extensive renovations, including full wall and flooring replacements.
– **Bathrooms:** All bathrooms have been remodeled with new flooring, plumbing, toilets, showers, tiling, and cabinets. Each renovation cost approximately $12,000 per apartment.

– **Office/Storage Space (Purple Door):**
– **Building Addition:** Added for approximately $100,000, this versatile space can be used for office purposes or additional storage.

– **Exterior Enhancements:**
– **Brick Patio:** Installed in 2019 at a cost of $15,000, featuring TV and power outlets for enhanced tenant enjoyment.
– **Security Gate:** Added in 2015 for $5,000, providing additional security.
– **New Brick Wall:** A $5,000 investment for added privacy and security between the property and 801 E Dunlap.
– **New Mailboxes and Stand:** Installed in August 2024 for $500, providing a fresh and organized mail solution.

**Property Features:**

– **Laundry Room:** Convenient on-site laundry facility.
– **Storage Units:** Two storage units are included with the property.
– **Tenant Amenities:** All units come equipped with microwaves, refrigerators, and stoves.
– **Gated Property:** Added security and privacy for residents.
– **Vacant Property:** Currently vacant to allow for diverse use options, such as a sobriety house or rental for cash flow.

**Investment Potential:**
With recent extensive renovations and a range of enhancements, this property is ideal for a variety of uses. Its current vacancy allows for flexible applications, whether for immediate rental income or specialized uses.

**Buyer Information:**
– **Note:** Buyers must confirm all facts and figures to ensure accuracy.