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 to 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. Three of the units are currently occupied and have a laundry room on site.
Off market
$882,200
2927 N 38th St, Phoenix, AZ 85018
--beds
0baths
2,860sqft
MultiFamily
Built in 1964
-- sqft lot
$882,200 Zestimate®
$308/sqft
$1,967 Estimated rent
Owner options
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Heating
- Gas
Cooling
- Central
Appliances
- Included: Dishwasher, Microwave, Range / Oven, Refrigerator
Features
- Flooring: Tile, Carpet
Interior area
- Total interior livable area: 2,860 sqft
Property
Parking
- Total spaces: 1
- Parking features: Carport
Features
- Exterior features: Stucco
Lot
- Size: 7,636 sqft
Details
- Parcel number: 12721008B
Construction
Type & style
- Home type: MultiFamily
Materials
- concrete
- Roof: Other
Condition
- Year built: 1964
Utilities & green energy
- Electric: SRP
- Gas: SW Gas
- Sewer: Sewer-In & Connected, Sewer - Public
Community & neighborhood
Location
- Region: Phoenix
Other
Other facts
- Ownership: Fee Simple
- Community Amenities: No Pool
- Cooling: Central A/C, Individual
- Electric: SRP
- Gas: SW Gas
- Heating: Gas, Individual
- Interior Amenities: Mini Blinds, Fire/Smoke Alarm(s), Unfurnished
- Parking: 1 Space/Unit, Paved Parking
- Project Type: Four Plex
- Sewer: Sewer-In & Connected, Sewer - Public
- Water: City Franchise
- Sale Includes: Land & Building, Laundry Equipment
- Construction: Frame - Wood, Block
- Const - Finish: Painted, Stucco
- Floors: Carpet, Ceramic Tile
- Appliances Included: Refrigerator, Microwave, Dishwasher, BI Oven/Range, Disposal
- Owner Pays: Water, Landscaping, Sewer, Trash Collection
- Tenant Pays: Electric, Cable TV, Gas
- Source of Fincl Data: Provided by Owner
- New Financing: Conventional, 1031 Exchange
- Roofing: Foam
- Tax Municipality: Maricopa - COUNTY
- Status - Contingent: UCB (Under Contract-Backups)
- Elementary School: Creighton Elementary School
- Jr. High School: Arcadia High School
- Tax Year: 2019
- Ownership: Fee Simple
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Estimated market value
$882,200