Skip To Content

    2927 N 38TH Street

    Phoenix, AZ 85018
    • $650,000
    • STATUS: Active
    • ID#: 6303571
    $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 bedroom/1 bath units and two 1 bedroom/1 bath units per four-plex.

    Monthly Payment Calculator



    © 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/122143505
    Print Image

    2927 N 38TH Street Phoenix, AZ 85018

    • Price: $650,000
    • Status: Active
    • ID#: 6303571
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1964
    Built
    Neighborhood:
    Citrus Acres Lots 21 Thru 60
    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 bedroom/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 Paved 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 ElectricHeat Pump Efficiency Unit Avg Sq Ft 0 Efficiency Unit Baths 0 Floors ConcreteWood Heating ElectricIndividual

    Property Features

    1 Bedroom Unit Avg Rent 750.00 1 Bedroom Units 2 2 Bedroom Unit Avg Rent 1000.00 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 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 34633.00 New Financing Conventional Operating Exp 8907.00 Other Income 0.00 Owner Pays GasSewerTrash CollectionWater Project Type Four Plex Sale Includes Land & Building Sewer Sewer - Public Source Of Financial Data Projected Proforma Tax Municipality Phoenix Taxes 1433.00 Tenant Pays Electric Vacancy Allowance 0.05 Water City Franchise Zoning R4

    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.
     
    Logo
    Long Realty Company
    4051 E. Sunrise Dr, Suite 101
    Tucson AZ, 85718