917 N 8th Street Phoenix, 85006
Bedrooms:
2
Bathrooms:
1
Square Feet:
1,465 sqft
For Sale
Virtual Tour of 917 N 8th Street , Phoenix 85006
Property 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.
General Information
Price:
$1,100,000
Status:
Active
Listing Updated:
10/29/2024
List Date:
8/8/2024
Close Date
Square Feet:
1,465
Bedrooms:
2
Bathrooms:
1
Garage Spaces:
0.00
Year Built:
1906
Builder Name:
Na
Subdivision:
Hamilton Sub.
City:
Phoenix
Zip:
85006
County:
Maricopa
HOA Y/N:
No
HOA Fee:
$0
HOA Paid Frequency:
HOA Transfer Fee:
Taxes:
$1,752
Tax Year:
2023
MLS ID:
6741219
Listing Attribution:
ABI Multifamily
Property Features
Interior Features
Exterior Features
Flooring
Laundry
Fireplace Features
Other (See Remarks)
Cooling
See Remarks
Heating
See Remarks
Utilities
Other (See Remarks)
Pool
None
Spa
None
Construction Finish
See Remarks, Brick
Roofing
See Remarks
Water
City Water
Sewage
Public Sewer
Fencing
Other, Chain Link
School Information
High School:
Other
High School District:
Phoenix Union High School District
Middle School:
Other
Elementary School:
Other
Elementary School District:
Phoenix Elementary District
Community Information
Subdivision:
Hamilton Sub.
Lot Information
Lot Size (sq feet):
17,730
Lot Features:
Fencing:
Other, Chain Link
Location Information
Directions:
East on Roosevelt, South on 8th Street to Property on East side of street.
Cross Street:
7th Street & Roosevelt
Map:
View on Map
What's Nearby? : 917 N 8th Street Phoenix, 85006
Current Market Comparison
Subject
Active
Closed
Best0.5 Miles
Better1 Miles
Good1.5 Miles
Fair2 Miles
Subject Property
917 N 8th Street Phoenix AZ 85006
Property Type:
Single Family - Detached
Bedrooms:
2
Bathrooms:
1
Interior SqFt:
1465
Interior Stories:
1
Year Built:
1906
27 Closed Properties
Lowest Price: $360,000
Median Price: $545,000
Highest Price: $1,225,000
Address
Distance/Miles
Closed Price
Details
24 Active Properties
Lowest Price: $350,000
Median Price: $607,950
Highest Price: $1,100,000
Address
Distance/Miles
Active Price
Details