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2921 N 38TH Street

Phoenix, AZ 85018
  • $1,180,000
  • STATUS: Active
  • ON SITE: 39 Days
  • MLS #: 6402658
Price Reduced
UPDATED: 58 min ago
$1,180,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1964
County:
Area:

School Ratings & Info

Description

Can be purchased individually or with 2923 & 2927 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.

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Arizona Regional MLS logo© 2022 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than Yost Realty Group at RE/MAX Casa Grande. Data last updated 2022-06-28T10:16:55.7.
www.yosthomes.com/homes/128923729
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2921 N 38TH Street Phoenix, AZ 85018

  • Price: $1,180,000
  • Status: Active
  • On Site: 39 Days
  • Updated: 58 min ago
  • MLS #: 6402658
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1964
Built
Neighborhood:
Citrus Acres Lots 21 Thru 60
County:
Maricopa
Area:
Phoenix
School District:
014 - Creighton Elementary District
Property Description
Can be purchased individually or with 2923 & 2927 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.
Exterior Features

Construction Block Construction Finish Painted Covered Parking Spaces 5.00 Exterior Amenities Desert LandscapingPartially Fenced Lot Size Dimensions 50.45X133.21X50.45X133.62 Parking >1 Space Per UnitCarport Roads Asphalt Roofing Other (See Remarks)

Interior Features

1 Bedroom Unit Avg Sq Ft 625 1 Bedroom Unit Baths 1 2 Bedroom Unit Avg Sq Ft 780 2 Bedroom Units Baths 2 3 Bedroom Unit Avg Sq Ft 0 3 Bedroom Unit Baths 0 4 Bedroom Unit Avg Sq Ft 0 4 Bedroom Unit Baths 0 Appliances Included Bi Oven/RangeDishwasherDisposalMicrowaveRefrigeratorWasher/Dryer Cooling Central A/C Efficiency Unit Avg Sq Ft 0 Efficiency Unit Baths 0 Floors Vinyl Heating Central

Property Features

1 Bedroom Unit Avg Rent 1400.00 1 Bedroom Units 2 2 Bedroom Unit Avg Rent 1650.00 2 Bedroom Units 2 3 Bedroom Unit Avg Rent 0.00 3 Bedroom Units 0 4 Bedroom Unit Avg Rent 0.00 4 Bedroom Units 0 Adjusted Gross Inc 76646.40 Annual Ownr Asoc Fee 0.00 Community Amenities No Pool Efficiency Unit Avg Rent 0.00 Efficiency Units 0 Electric Individual Meter Gas Other (See Remarks) Gross Annual Sch Inc 76560.00 Hoa YN No Net Operating Income 59922.00 New Financing Conventional Operating Exp 1548.00 Other Income 3280.00 Owner Pays LandscapingSewerTrash CollectionWater Project Type 5 - 12 UnitsFour Plex Sale Includes Building(S) Only Sewer Sewer - Public Source Of Financial Data Projected Proforma Tax Municipality Phoenix Taxes 1548.00 Tenant Pays Electric Vacancy Allowance 0.04 Water City Franchise Zoning R-4

Arizona Regional MLS logo Listing provided by Abi Multifamily: (602) 714-1400.


Arizona Regional MLS logo© 2022 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than Yost Realty Group at RE/MAX Casa Grande. Data last updated 2022-06-28T10:16:55.7.
 
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Yost Realty Group at RE/MAX Casa Grande
317 E. Cottonwood Lane, Suite C
Casa Grande AZ, 85122