939 E Turney Avenue, Phoenix, AZ 85014
- $1,334,000
- 5
- BD
- 4
- BA
- List Price
- $1,334,000
- Status
- ACTIVE
- Price Change
- ▼ $15,000 1771982199
- Days on Market
- 625
- MLS#
- 6810283
- City
- Phoenix
- Bedrooms
- 5
- Bathrooms
- 4
- Year Built
- 1946
Property Description
Welcome to this beautifully remodeled 4-plex located in the heart of vibrant Midtown Phoenix, currently operating as a successful CASH FLOWING Airbnb! Each unit has been thoughtfully updated with modern finishes while maintaining the charm of the original architecture. The spacious and well-maintained grounds offer ample parking and a community courtyard for relaxation. The location is ideal for short-term rentals, with close proximity to downtown Phoenix, popular local eateries, art galleries, and public transit. Whether for long-term tenants or vacationers, this 4-plex provides high rental demand in one of the city's most desirable areas.Currently being utilized as a successful Airbnb, this property generates consistent income with a strong track record of bookings, making it a perfect investment opportunity. Gross Profits for 2024 were $121,606, additional opportunity to potentially add additional units, single level, No HOA, LOW TAXES of $1490 for 2024. Biltmore/Arcadia Adjacent! ALL FURNITURE IS INCLUDED! Shared laundry on site! Don't miss out on this exceptional property in one of Phoenix's most sought-after neighborhoods!
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Additional Information
- Taxes
- $1,491
- Net Operating Income
- $61,771
- Cap Rate
- 4.58
- Units
- 4
- Parking Features
- 1 Space/Unit, Paved, On Street
- Construction
- Block, Brick, Painted
- Roofing
- Composition
- Cooling
- Central Air, Ceiling Fan(s)
- Heating
- Electric, Central
- Zoning
- R-3
- Subdivision
- Carolyn Place
- Community Features
- No Pool, Play Area, Barbecue
- Electric
- APS, Individual Meter
- Water
- City Franchise, Individual Meter
- Sewer
- Public Sewer, Sewer-In & Connected
- Tenant Pays
- None
- New Financing
- Conventional, Cash
- Elementary School
- Longview Elementary School
- Middle School
- Longview Elementary School
- High School
- Central High School
Courtesy of AZREAPM. 602-712-9500
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