Two-Bedroom Residential
For Sale
$181,000
8847 N 8TH Street 101, Phoenix, AZ 85020
The unit combines separate living and dining areas with a kitchen equipped with stainless steel appliances and a pantry.
Property Size1,104 SF
Price / SF$163.95
Days on Market70
Property Features for 8847 N 8TH Street 101
General Information
Standard status
Active
Size
1,104 SF
Property subtype
Apartment
Site & Location
Neighborhood
North Mountain
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$580
Amenities
stainless steel appliances
Building Details
Building Size
1,104 SF
Year Built
1981
Listing Agency:
Realty of America LLC
Listed By:
Michelle L Minik · License #SA523526000
(602) 488-5432
Source:
1912realty
Added: Aug 25
Changed: Nov 2
Last Checked: Nov 1 at 4:31PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Realty of America LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,104-square-foot residential unit, built in 1981, has two bedrooms and a distinct living and dining area. The kitchen includes stainless steel appliances, white cabinetry, fluorescent lighting, and a pantry. The primary bedroom has a private bathroom.
The property is in Continental Plaza Community in Phoenix, with restaurants, parks, and shopping destinations described as nearby.
The property is in Continental Plaza Community in Phoenix, with restaurants, parks, and shopping destinations described as nearby.
Key Highlights
- Two‑bedroom unit with 1,104 square feet
- Built in 1981
- Kitchen includes stainless steel appliances, white cabinetry, and a pantry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,877
Cap Rate
7.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$257,540
$257.5K
Cap Rate 7%
$183,957
$184.0K
Cap Rate 9%
$143,078
$143.1K
Market Conditions
NOI Build-Up for 1,104 SF
Gross rent
$24.9K $22.56/SF
− Vacancy
−$1.5K −$1.35/SF
EGI
$23.4K $21.21/SF
− OpEx
−$10.5K −$9.54/SF
NOI
$12.9K $11.66/SF
Area
Phoenix, AZ
Vacancy
6.00%
Lease Rate
$22.56 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$257,540
Cap Rate 7%
$183,957
Cap Rate 9%
$143,078
Alternative Uses
Best Use
Apartment 5plus
$184.0K
$161.0K – $214.6K
NOI $12,877 @ 7.0% cap · market cap 7.11%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$334.4K
$292.6K – $390.2K
NOI $23,409 @ 7.0% cap · market cap 12.93%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,944
Businesses Nearby
Explore this area
Business Placement
Demographics for 85020, AZ
34,534
Population
18,231
Households
1.9
Avg Household Size
43
Median Age
43%
College-Educated
90%
High-School Grad
8.8 sq mi
ZIP Area
3,924
Density / Sq Mi
$78,412
Median Household Income
$48,230
Median Earnings
$1,389
Median Rent
$400,800
Median Home Value
Frequently Asked Questions
What type of property is this?
Residential income property - The unit combines separate living and dining areas with a kitchen equipped with stainless steel appliances and a pantry.
Where is this residential income property located?
The property is located at 8847 N 8TH Street 101 Phoenix, AZ.
What is the asking price?
The asking price for this property is $181,000.
What are key features of this property?
This property features: Two‑bedroom unit with 1,104 square feet; Built in 1981; Kitchen includes stainless steel appliances, white cabinetry, and a pantry
