3016 N 37 Street, Phoenix, AZ 85018
- $1,995,624
- 8
- BD
- 7
- BA
- List Price
- $1,995,624
- Status
- ACTIVE
- Days on Market
- 229
- MLS#
- 6974495
- City
- Phoenix
- Bedrooms
- 8
- Bathrooms
- 7
- Year Built
- 1945
Property Description
Rare 7-Unit Investment Opportunity in Prime East Phoenix. Fully occupied and located near 40th St & Thomas Rd in the desirable Citrus Acres / Arcadia-adjacent area. This up-and-coming corridor is surrounded by new construction, redevelopment, popular restaurants, shopping, and easy access to Arcadia, Biltmore, and major freeways. The property features clean, well-maintained, low-maintenance units with strong in-place income and future upside. Excellent long-term hold with value-add potential, including possible expansion or redevelopment of the lot (buyer to verify zoning). A solid, income-producing asset in one of Phoenix's most dynamic growth areas. This listing is part of a 21-unit package.
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Additional Information
- Taxes
- $2,210
- Net Operating Income
- $90,300
- Cap Rate
- 4.52
- Units
- 7
- Parking Features
- Paved, >1 Space Per Unit
- Construction
- Block, Painted
- Roofing
- Composition
- Cooling
- Electric, Ceiling Fan(s)
- Heating
- Forced Air
- Zoning
- R-3
- Community Features
- See Remarks
- Electric
- APS
- Water
- City Franchise
- Tenant Pays
- Water, Sewer, Electricity, Trash Collection
- New Financing
- Conventional, Cash
Courtesy of Platinum Realty Group. 602-920-9737
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