Properties
Phoenix, AZ 85014 939 E TURNEY Avenue
$1,334,000
53 more
Presented By: AZREAPM; 602-712-9500
Home Details
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!
Presented By: AZREAPM; 602-712-9500
Interior Features for 939 E TURNEY Avenue
Bathrooms
Total Baths
Other Interior Features
Air Conditioning Y/NYes
FlooringConcrete
Heating Y/NYes
General for 939 E TURNEY Avenue
Additional Parcels Y/NNo
Attached Garage No
Cap Rate4.58
Carport Y/NNo
CityPhoenix
Community FeaturesBarbecue, Play Area, No Pool
Construction MaterialsPainted, Block, Brick
CoolingCentral Air, Ceiling Fan(s)
CountyMaricopa
DirectionsFrom E Indian School Rd Turn Right onto N 12th St, Turn Left onto E Turney Ave, Property is on the left.
DisclosuresSeller Prop Disc Stm
ElectricAPS, Individual Meter
Electric Expense5841.35
Elementary SchoolLongview Elementary School
Elementary School DistrictOsborn Elementary District
Fuel Expense1407.02
Garage Y/NNo
Gross Income121606.0
HeatingCentral, Electric
High SchoolCentral High School
High School DistrictPhoenix Union High School District
Insurance Expense2300.0
Lease Considered Y/NNo
Lease Renewal Y/NNo
MaintenanceExpense13013.0
Middle/Junior High SchoolLongview Elementary School
MobileHomeRemainsYNNo
Net Operating Income61771.0
New ConstructionNo
New Financing: CashTrue
New Financing: ConventionalTrue
Number Of Units Total4
Occupancy TypeInterim Occupant
Open Parking Spaces6.0
Operating Expense60837.37
OwnerPaysGas, Electricity, Trash Collection, Water, Sewer, Cable TV
OwnershipFee Simple
OwnershipFee Simple
Property TypeMultiple Dwellings
Rent Control Y/NNo
RoofComposition
Security FeaturesSecurity Alarm(s)
Senior CommunityN
SewerSewer-In & Connected, Public Sewer
Standard StatusActive
StatusActive
Subdivision NameCAROLYN PLACE
Tax Annual Amount1491.0
Tax Lot47
Tax Year2024
Township2N
Trash Expense0.0
Water Sewer Expense3121.0
Year Built1946
ZoningR-3
Exterior for 939 E TURNEY Avenue
Covered Spaces0.0
Crops Included Y/NNo
Irrigation Water Rights Y/NNo
Lot Dimensions12, 929
Number of Buildings2
Parking FeaturesPaved, Add'l Parking Avail, 1 Space/Unit, On Street
Road Surface TypeAsphalt
SpaNo
Total Parking6.0
Water SourceIndividual Meter, City Franchise
Additional Details
Price History
Schools
High School
Central High School
Middle School
Longview Elementary School
