Viewing Listing MLS# 6974495
$1,995,624 | N/A beds | N/A full baths | N/A half baths | N/A sqft
Phoenix, AZ 85018
- N/ABeds
- 0.00Total Baths
- N/ASqFt
- 1945Year Built
- 0.00Acres
- 81 yearsEst Age
- MLS# 6974495
- Multifamily
- Multiple Dwellings
- Active
- Approx Time on Market4 months, 12 days
- AreaMaricopa
- CountyMaricopa
- Subdivision N/A
Overview
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.
Agriculture / Farm
Association Fees / Info
Community Features: See Remarks
Hoa: No
Bathroom Info
Building Info
Construction Materials: Painted, Block
Roof: Composition
Exterior Features
Financial
Owner Pays: Landscaping
Gross Income: 88042.5
Garage / Parking
Parking Features: Paved, >1 Space Per Unit
Interior Features
Flooring: Tile
Appliances: Disposal, Dishwasher, Refrigerator, Built-In Electric Oven, Microwave
Lot Info
Lot Size: 195' x 67'
Number of Buildings: 1
Other School Info
Property Info
Road Surface Type: Asphalt
Zoning: R-3
Tax Info
Tax Amount Annual: 2210
Unit Info
Total Units: 7
Utilities / Hvac
Water Source: City Franchise
Electric: APS
Cooling: Yes
Cool System: Ceiling Fan(s), Electric
Heating: Forced Air
Heating: Yes
Sewer: Public Sewer
Waterfront / Water
Directions
North from Thomas on 37th street to property
Listings courtesy of Platinum Realty Group
MLS# 6969185 