921 N 8th St Unit 6 Phoenix, AZ 85006
Garfield NeighborhoodEstimated payment $5,672/month
Total Views
4,973
0.41
Acre
$2,414,634
Price per Acre
17,860
Sq Ft Lot
About This Lot
Sales 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.
Property Details
Property Type
- Land
Est. Annual Taxes
- $1,752
Year Built
- 1926
Lot Details
- 0.41 Acre Lot
- Additional Parcels
- Property is zoned R5
Community Details
- No Home Owners Association
- Hamilton Sub. Subdivision
Listing and Financial Details
- Tax Lot 6
- Assessor Parcel Number 116-32-065
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $841 | $6,286 | $6,286 | -- |
| 2024 | $832 | $5,986 | $5,986 | -- |
| 2023 | $832 | $35,880 | $35,880 | $0 |
| 2022 | $803 | $22,725 | $22,725 | $0 |
| 2021 | $797 | $19,905 | $19,905 | $0 |
| 2020 | $806 | $16,455 | $16,455 | $0 |
| 2019 | $805 | $8,685 | $8,685 | $0 |
| 2018 | $791 | $6,675 | $6,675 | $0 |
| 2017 | $773 | $5,130 | $5,130 | $0 |
| 2016 | $750 | $4,665 | $4,665 | $0 |
| 2015 | $741 | $4,976 | $4,976 | $0 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/19/2025 02/19/25 | Price Changed | $990,000 | -10.0% | -- |
| 08/08/2024 08/08/24 | For Sale | $1,100,000 | -- | -- |
Source: Arizona Regional Multiple Listing Service (ARMLS)
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | Magnus Title Agency | |
| Interfamily Deed Transfer | -- | Magnus Title Agency | |
| Cash Sale Deed | $50,000 | Magnus Title Agency | |
| Cash Sale Deed | $85,000 | Fidelity National Title | |
| Cash Sale Deed | $39,950 | Stewart Title & Trust | |
| Cash Sale Deed | $23,500 | Stewart Title & Trust |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $85,000 | Unknown |
Source: Public Records
Similar Properties in Phoenix, AZ
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6741245
APN: 116-32-065
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393
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