917 N 8Th St, Phoenix, AZ 85006
$1,100,000
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Home Description
Sale includes 917 & 921 N 8th St. 8th & Roosevelt consists of a historic home and additional land for
development, located in the heart of the Garfield Historic District. The
property sits on approximately a half-acre (gross) of land that is zoned
R-5. The seller has a site plan to add (11) 1-bedroom units and (2)
2-bedroom units along with amenity space between the new units and
the existing historic home. This would be a perfect small apartment
community or short-term rental building in a ''Melrose Place'' type setting
in downtown Phoenix. This is a fantastic, bite-sized opportunity for the
seasoned investor or a local creative / artistic developer who wants to do
a unique, fun project in the heart of one of the busiest, most dynamic, and
eclectic areas in the entire Valley. 8th & Roosevelt is an awesome value-add / development opportunity in the heart of Downtown Phoenix. The property is located just east of 7th Street right off of Roosevelt in the heart of the gentrifying Garfield Historic District. Roosevelt and 7th Street is the east entrance to the happening Roosevelt Row district in the epicenter of Downtown Phoenix. It is minutes to the stadium district and a short bike ride / walk to the downtown ASU campus, Phoenix Burton Barr Library, and the Phoenix Art Museum. It is
also minutes to Margaret T. Hance Park, which is the location of hundreds of activities including the McDowell Mountain Music Festival and many weekend food / craft festivals throughout the year. It is approximately a half mile to the I-10 Freeway to allow quick and easy access to all parts of the valley. This location is as central is it gets and allows residents to enjoy, with ease, so much of what Downtown and Midtown have to offer. With many dining, shopping, and entertainment options, as well as multiple freeway access points within minutes, 8th & Roosevelt Redevelopment Opportunity will prove to be a great place for residents to live as well as will be a very attractive parcel for a future class-A
redevelopment in an A location. Phoenix is consistently on every national list for net influx of people and jobs, and the downtown area is expected to continue to explode with huge job growth in many different sectors; with Arizona State University's downtown campus rapidly expanding (already over 11,000 students and rapidly growing); with massive amounts of biotech investment and development in the area (the new Creighton University is approximately 2 miles away in midtown; the Phoenix Biomedical HUB is a couple blocks away; the stadium district is minutes away; the warehouse district is exploding around the corner to the south; and more). Opportunities like 8th & Roosevelt are rare and offer an investor a great value-add opportunity in one of the most active and desirable areas in the country.
- Pool: None
- Spa: None
- Garage Spaces: 0.00
- Full Baths: 1
- Partial Baths: 0
- Fireplace: Other (See Remarks)
Available now at $1,100,000
- Construction: Brick,See Remarks
- Lot Sq Ft: 17730
- Utilities: Other (See Remarks)
- Water: City Water
- Tax Municipality: Phoenix
- Association Amenities: Other
Neighborhood
The average asking price of a 2 bedroom Phoenix home in this zip code is
$482,091 (56.2% less than this home).
This home is priced at $751/sqft,
which is 38.3% less than similar homes
in the 85006 zip code.
Potential Great Value
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School Information
- District:Phoenix Union High School District (High School), Phoenix Elementary District (Elementary)
- Elementary:Other
- Junior High:Other
- High School:Other
Financial
- Approx Payment:$5,351*
- Taxes:$1,752
Area Stats
These statistics are updated daily from the Metropolitan Phoenix Board of REALTORS® Multiple Listing Service. For further analysis or
to obtain statistics not shown below please call Highgarden Real Estate at
(602) 410-3060 and speak with one of our real estate consultants.
Popular Homes
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0.0%
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$599,990
528
0.0%
53.8%
65
$7,349,144
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43
0.0%
23.3%
82
$2,321,000
$2,135,000
8
0.0%
37.5%
160
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658
0.0%
54.1%
73
$555,079
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627
0.5%
54.7%
76
$753,073
$499,900
199
0.0%
56.3%
147
$887,073
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11
0.0%
36.4%
69
$1,418,166
$1,337,000
6
0.0%
66.7%
164
$622,833
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1285
0.3%
52.4%
73
$744,550
$685,000
20
5.0%
50.0%
74
$7,580,254
$5,794,245
201
0.0%
35.3%
124
$676,565
$599,450
732
0.1%
52.6%
84
$636,538
$569,950
42
0.0%
38.1%
56
$2,365,779
$1,577,000
1446
0.3%
44.3%
105
$1,382,139
$1,297,000
14
0.0%
35.7%
78
$723,876
$580,000
203
0.5%
52.7%
75
$598,357
$549,500
7
0.0%
85.7%
103
$2,555,563
$2,425,000
89
0.0%
48.3%
133
$1,070,399
$1,029,995
7
0.0%
71.4%
88
$545,287
$470,000
19
0.0%
31.6%
71
Listing Courtesy of ABI Multifamily.
For information or to schedule a viewing of this property (MLS# 6741219), call: 602-410-3060
917 N 8Th St, Phoenix AZ is a single family home of 1465 sqft and
is currently priced at $1,100,000
.
This single family home has 2 bedrooms.
A comparable home for sale at 2034 N Dayton St in Phoenix is listed at $595,000.
In addition to single family homes, Highgarden also makes it easy to find Homes, Condos, New Homes and Foreclosures
in Phoenix, AZ.
South Country Club Ma, Coronado Park and Gibbons Place are nearby neighborhoods.
MLS 6741219 has been posted on this site since 8/9/2024 (today).