About The Property

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.
Courtesy of Platinum Realty Group 602-920-9737
Listing Snapshot
Days Online
211
Last Updated
Property Type
Multiple Dwellings
Year Built
1945
MLS Number
6974495
M. Logan
Top 2% performing AZ broker
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Additional Details

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Appliances & Equipment
Disposal, Dishwasher, Refrigerator, Built-In Electric Oven, Microwave
Building
Built in 1945, Construction materials: Painted, Block, 7 total units
Cooling
Ceiling Fan(s), Electric
Floors
Tile
Heating
Forced Air
Parking
Paved, >1 Space Per Unit, 14 total parkings
Property
Zoning: R-3
Roof
Composition
Sewer
Public Sewer
Taxes
Annual amount: $2,210, Lot: 14
Utilities
APS
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30 Days Snapshot Of 85018
$2.00M
+46%
(avg) sold price
22
-52%
homes sold
74
-29%
(avg) days on market
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Monthly Payment
$0

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