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2921 N 38th Street

Phoenix, AZ 85004
  • $650,000
  • STATUS: Active
  • ID#: 6303553
UPDATED: 126 min ago
$650,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1964
County:
Area:

School Ratings & Info

Description

RARE INVESTMENT OPPORTUNITY IN ARCADIA AREA. Three total four-plexes are available for sale. Off 38th street, perfect value add opportunity. Multiple upsides to this investment, first.....bring rents to market value, second remodel units. Close to shopping, bus routes, light rail and freeways. Surrounded by redevelopment in the ever growing Arcadia area. There are two 2 bedrooms/1 bath units and two 1 bedroom/1 bath units per four-plex.

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© 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than Long Realty Company. Data last updated 2021-10-17T00:17:50.32.
www.arizonahomesearch.com/homes/122143503
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2921 N 38th Street Phoenix, AZ 85004

  • Price: $650,000
  • Status: Active
  • Updated: 126 min ago
  • ID#: 6303553
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1964
Built
County:
Maricopa
Area:
Phoenix
School District:
014 - Creighton Elementary District
Property Description
RARE INVESTMENT OPPORTUNITY IN ARCADIA AREA. Three total four-plexes are available for sale. Off 38th street, perfect value add opportunity. Multiple upsides to this investment, first.....bring rents to market value, second remodel units. Close to shopping, bus routes, light rail and freeways. Surrounded by redevelopment in the ever growing Arcadia area. There are two 2 bedrooms/1 bath units and two 1 bedroom/1 bath units per four-plex.
Exterior Features

Construction Block Construction Finish PaintedStucco Covered Parking Spaces 4.00 Lot Size Dimensions Unknown Parking 1 Space/UnitPaved Parking Roads Asphalt Roofing Foam

Interior Features

1 Bedroom Unit Avg Sq Ft 625 1 Bedroom Unit Baths 1 2 Bedroom Unit Avg Sq Ft 780 2 Bedroom Units Baths 1 3 Bedroom Unit Avg Sq Ft 0 3 Bedroom Unit Baths 0 4 Bedroom Unit Avg Sq Ft 0 4 Bedroom Unit Baths 0 Appliances Included DisposalF/S Oven/RangeRefrigeratorW/D Hookup Cooling Heat Pump Efficiency Unit Avg Sq Ft 0 Efficiency Unit Baths 0 Floors ConcreteWood Heating Heat PumpNatural Gas

Property Features

1 Bedroom Unit Avg Rent 950.00 1 Bedroom Units 2 2 Bedroom Unit Avg Rent 1100.00 2 Bedroom Units 2 3 Bedroom Unit Avg Rent 0.00 3 Bedroom Units 0 4 Bedroom Unit Avg Rent 0.00 4 Bedroom Units 0 Adjusted Gross Inc 46740.00 Annual Ins Exp 2090.00 Annual Maint Exp 3200.00 Annual Mgmt Exp 4424.00 Annual Ownr Asoc Fee 0.00 Annual Wtr Swr Exp 960.00 Community Amenities No Pool Cross Street 38th / Thomas Efficiency Unit Avg Rent 0.00 Efficiency Units 0 Electric Srp Gas Sw Gas Gross Annual Sch Inc 49200.00 Hoa YN No Net Operating Income 34518.00 New Financing 1031 ExchangeConventionalVa Operating Exp 12222.00 Other Income 0.00 Owner Pays GasLandscapingSewerTrash CollectionWater Project Type Four Plex Sale Includes Land & Building Sewer Sewer - Public Source Of Financial Data Projected Proforma Tax Municipality Phoenix Taxes 1548.00 Tenant Pays Electric Vacancy Allowance 0.05 Water City Franchise Zoning M-H

Listing courtesy of Atlas Az, Llc.


© 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than Long Realty Company. Data last updated 2021-10-17T00:17:50.32.
 
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Long Realty Company
4051 E. Sunrise Dr, Suite 101
Tucson AZ, 85718