Properties
Phoenix, AZ 85018 3038 N 38TH Street # A
$1,950,630
4 more
Presented By: Platinum Realty Group; 602-920-9737
Home Details
Rare opportunity to acquire a fully upgraded 7-unit multifamily property ideally located adjacent to the highly desirable Arcadia and Midtown Phoenix corridors. This boutique asset offers strong rental demand, modernized interiors, and excellent income potential. All units have been renovated with updated kitchens, baths, flooring, and contemporary finishes, creating a true turnkey investment. The property benefits from proximity to Arcadia Lite dining and shopping, Midtown employment centers, transit, and major freeways. Efficient unit mix, professional maintenance, and a high-demand location make this an ideal asset for investors seeking solid ROI and long-term appreciation. Opportunities like this are limited—don't miss it.
Presented By: Platinum Realty Group; 602-920-9737
Interior Features for 3038 N 38TH Street # A
Bathrooms
Total Baths
Other Interior Features
Air Conditioning Y/NYes
FlooringTile
Heating Y/NYes
General for 3038 N 38TH Street # A
Additional Parcels Y/NNo
Attached Garage No
Cap Rate5.54
Carport Y/NNo
CityPhoenix
Community FeaturesNo Pool
Construction MaterialsPainted, Block
CoolingCeiling Fan(s), Electric
CountyMaricopa
DirectionsNorth on 38th from Thomas road property on left
DisclosuresSeller Prop Disc Stm
ElectricAPS
Elementary SchoolMonte Vista Elementary School
Elementary School DistrictCreighton Elementary District
Garage Y/NNo
Gross Income110409.0
HeatingForced Air
High SchoolNorth High School
High School DistrictPhoenix Union High School District
Lease Considered Y/NNo
Lease Renewal Y/NNo
Middle/Junior High SchoolMonte Vista Elementary School
MobileHomeRemainsYNNo
Net Operating Income108085.0
New ConstructionNo
New Financing: CashTrue
New Financing: ConventionalTrue
Number Of Units Total7
Occupancy TypeTenant
Open Parking Spaces7.0
Operating Expense2056.0
OwnerPaysNone
OwnershipFee Simple
OwnershipFee Simple
Property TypeMultiple Dwellings
Rent Control Y/NNo
RoofComposition
Senior CommunityN
SewerPublic Sewer
Standard StatusActive
StatusActive
Subdivision NameCITRUS ACRES LOTS 1 THRU 20
Tax Annual Amount2056.0
Tax Lot64
Tax Year2025
Township2N
Unit NumberA
Virtual TourClick here
Year Built1964
ZoningR-3
Exterior for 3038 N 38TH Street # A
Covered Spaces7.0
Crops Included Y/NNo
Irrigation Water Rights Y/NNo
Lot Dimensions150' x 68'
Number of Buildings1
Parking Features1 Space/Unit
Road Surface TypeAsphalt
SpaNo
Total Parking14.0
Water SourceCity Franchise
Additional Details
Price History
Schools
High School
North High School
Middle School
Monte Vista Elementary School
