2925 N 38th Street, Phoenix, AZ 85018
- $900,000
- List Price
- $900,000
- Status
- ACTIVE
- Days on Market
- 126
- MLS#
- 7013792
- Subtype
- Multiple Dwellings
- Year Built
- 1964
- Subdivision
- Citrus Acres Lots 1 Thru 20
Property Description
FULLY REMODELED UNITS! This multi-family property presents a strong, turnkey investment opportunity with immediate and reliable cash flow. The asset consists of four units, including two 2 bedroom 2 bath units and two 1 bedroom 1 bath units, offering a desirable unit mix that attracts a broad tenant base. Each unit has been thoughtfully upgraded with modern finishes, minimizing near term capital expenditures and reducing ongoing maintenance concerns. The 2 bedroom units average approximately 850 square feet, while the 1 bedroom units offer around 700 square feet, providing efficient and highly rentable layouts. The property delivers excellent income performance, with all units renting at 1,200 per month, creating consistent and predictable revenue. This makes it an ideal opportunity investors seeking stable cash flow, strong rental demand, and a low maintenance asset. With its combination of renovations, solid in place rents, and appealing unit mix, this property is well positioned for long term appreciation and continued income growth.
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Additional Information
- Taxes
- $1,654
- Zoning
- multi
- Heating
- Forced Air
- Air Conditioning
- Central Air
- Exterior Construction
- Block, Painted, Stucco
- Pool
- Yes
- Parking Features
- Open, Paved, >1 Space Per Unit
- Elementary School
- Monte Vista Elementary School
- Middle School
- Monte Vista Elementary School
- High School
- Camelback High School
Mortgage Calculator
Listing courtesy of Listing Agent: Heather Openshaw (480-462-5939) from Listing Office: Keller Williams Integrity First.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved.