8939 N 8th St presents an opportunity to acquire a fully leased multifamily asset in Phoenix's North Mountain area. The property consists of an eight-unit apartment community with a mix of six one-bedroom units and two two-bedroom units, complemented by additional office/storage space and on-site laundry facilities. Recent capital improvements completed in 2024 included extensive bathroom renovations featuring updated flooring, plumbing fixtures, showers, tiling, and cabinetry, helping position the property for continued tenant appeal and operational efficiency.
The property is configured as a low-rise apartment community on approximately 0.33 acres and benefits from security enhancements including a gated entrance and privacy wall. Additional tenant amenities include outdoor gathering space with a brick patio, storage areas, and in-unit appliances. The combination of recent renovations and existing amenities supports long-term occupancy and reduces the likelihood of near-term capital expenditures.
Located within the North Mountain submarket, the asset provides access to major employment, retail, and transportation corridors throughout central Phoenix. The surrounding area offers convenient connectivity to downtown Phoenix, the Camelback corridor, and the broader Phoenix-Mesa-Chandler metropolitan region. Phoenix Sky Harbor International Airport is approximately 13 miles away, enhancing regional accessibility. The property's location within an established residential area supports ongoing rental demand while providing investors exposure to one of the nation's largest metropolitan housing markets.