8939 N 8th St, Phoenix, AZ 85020

Three, 1-story buildings comprised of 7 apartment units & 1 large storage room/office. The property currently consists of (4) 1bd/1ba + (3) 2bd/1ba apartment units. The office is plumbed and has 1 bathroom and could be made into a 1 bd apartment unit creating a value-add opportunity. The property has laundry facilities which generate additional income. There is a two-year Triple Net Lease (NNN) that includes insurance, property taxes and other estimated fees. This master lease will go into effect on May 15, 2024. Select units have been completely renovated with new flooring, cabinets, countertops and fresh paint. Nearby employers include Ping Golf, Maximus, OpenTec Alliance, APS, among others.