917 N 8TH Street, Phoenix, AZ 85006 – 6741219

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Michelle Quackenbush

Lucky Duck Realty

azbrokeronline@gmail.com +1(602) 999-2627

$ 1,100,000

Est. payment -/mo

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Active

917 N 8TH Street Phoenix, AZ 85006

2 Beds

1 Bath

1,465 SqFt

UPDATED:

10/29/2024 05:38 PM

Key Details

Property Type Single Family Home

Sub Type Single Family - Detached

Listing Status Active

Purchase Type For Sale

Square Footage 1,465 sqft

Price per Sqft $750

Subdivision Hamilton Sub.

MLS Listing ID 6741219

Bedrooms 2

HOA Y/N No

Originating Board Arizona Regional Multiple Listing Service (ARMLS)

Year Built 1906

Annual Tax Amount $1,751

Tax Year 2023

Lot Size 0.407 Acres

Acres 0.41

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.

Location

State AZ

County Maricopa

Community Hamilton Sub.

Direction East on Roosevelt, South on 8th Street to Property on East side of street.

Rooms

Den/Bedroom Plus 2

Separate Den/Office N

Interior

Heating See Remarks

Cooling See Remarks

Fireplaces Type Other (See Remarks)

SPA None

Exterior

Fence Other, Chain Link

Pool None

Utilities Available Other (See Remarks)

Amenities Available Other

Roof Type See Remarks

Private Pool No

Building

Story 1

Builder Name NA

Sewer Public Sewer

Water City Water

New Construction No

Schools

Elementary Schools Other

Middle Schools Other

High Schools Other

School District Phoenix Union High School District

Others

HOA Fee Include Other (See Remarks)

Senior Community No

Tax ID 116-32-064

Ownership Fee Simple

Acceptable Financing Conventional, 1031 Exchange

Horse Property N

Listing Terms Conventional, 1031 Exchange

Listed by ABI Multifamily

Michelle Quackenbush

Agent

+1(602) 999-2627

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