Properties
Phoenix, AZ 85018 3016 N 37 Street
$1,995,624
6 more
Presented By: Platinum Realty Group; 602-920-9737
Home Details
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.
Presented By: Platinum Realty Group; 602-920-9737
Interior Features for 3016 N 37 Street
Bathrooms
Total Baths
Other Interior Features
Air Conditioning Y/NYes
FlooringTile
Heating Y/NYes
General for 3016 N 37 Street
Additional Parcels Y/NYes
Attached Garage No
Cap Rate4.52
Carport Y/NNo
CityPhoenix
Community FeaturesSee Remarks
Construction MaterialsPainted, Block
CoolingCeiling Fan(s), Electric
CountyMaricopa
DirectionsNorth from Thomas on 37th street to property
DisclosuresSeller Prop Disc Stm
ElectricAPS
Garage Y/NNo
Gross Income88042.5
HeatingForced Air
Lease Considered Y/NNo
Lease Renewal Y/NNo
MobileHomeRemainsYNNo
Net Operating Income90300.0
New ConstructionNo
New Financing: CashTrue
New Financing: ConventionalTrue
Number Of Units Total7
Occupancy TypeTenant
Open Parking Spaces7.0
Operating Expense2210.0
OwnerPaysLandscaping
OwnershipFee Simple
OwnershipFee Simple
Property TypeMultiple Dwellings
Rent Control Y/NNo
RoofComposition
Senior CommunityN
SewerPublic Sewer
Standard StatusActive
StatusActive
Tax Annual Amount2210.0
Tax Lot14
Tax Year2024
Virtual TourClick here
Year Built1945
ZoningR-3
Exterior for 3016 N 37 Street
Covered Spaces7.0
Crops Included Y/NNo
Irrigation Water Rights Y/NNo
Lot Dimensions195' x 67'
Number of Buildings1
Parking FeaturesPaved, >1 Space Per Unit
Road Surface TypeAsphalt
SpaNo
Total Parking14.0
Water SourceCity Franchise
Additional Details
Price History
