2927 N 38th Street Unit #A, Phoenix, AZ 85018

$1,180,000
List Price
$1,180,000
Status
ACTIVE
Price Change
▼ $55,000 1655701118
Days on Market
44
MLS#
6402723
City
Phoenix
Lot Size
5
Year Built
1964

Property Description

Can be purchased individually or with 2921 & 2923 N 38th Street ($4,005,000 total or $1,335,000 per fourplex). Madison at Arcadia Lite is 4 units built in 1964. (2) 1 bed / 1 bath units & (2) 2 bed / 2 bath units. 3 of the 4 units have been fully renovated with new flooring, cabinets, countertops, bathroom vanities, in-suite washer & dryers and more. The property is located within Camelback East, voted by Zillow as the Most Popular Neighborhood in Phoenix and in proximity to the prestigious Arcadia Lite district. Within a bike's ride distance, tenants are sure to enjoy the boutique eateries which include La Grande Orange Restaurant, The Porch, The Vig and much more. The property is fully occupied, please do not disturb the tenants.

Additional Information

Gross Annual Sch Inc
76560
Other Income
3280
Adjusted Gross Inc
76646
Taxes
$1,433
Operating Exp
1433
Net Operating Income
$59,922
Units
4
Project Type
5 - 12 Units, Four Plex
Construction
Block
Roofing
Other (See Remarks)
Parking
>1 Space Per Unit, Carport
Cooling
Central A/C
Heating
Central, Individual
Floors
Vinyl
Interior Amenities
Fire/Smoke Alarm(s), Unfurnished
Exterior Amenities
Desert Landscaping
Zoning
R-4
Subdivision
Citrus Acres Lots 21 Thru 60
Community Amenities
No Pool
Electric
Other (See Remarks)
Gas
Other (See Remarks)
Water
City Franchise
Sewer
Sewer - Public
Tenant Pays
Electric
New Financing
Conventional
School District
210 - Phoenix Union High School District

Mortgage Calculator

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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of ABI Multifamily.

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