For Sale Multi-Family MLS# 7013792

2925 N 38TH Street

Phoenix, AZ 85018

$900,000

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Listing Office

Officearizona-regional-mls-rsd logoKeller Williams Integrity First Realty
AgentHeather Openshaw
Phone480-854-2400

About 2925 N 38TH Street

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.

Property details

Property

Type
multi
MLS type
Multi Family Home
Status
Active
Year built
1964
Original price
$900,000
MLS #
7013792

Interior

Features
Central Air, Forced Air, Laminate
Flooring
Laminate
Heating
Forced Air
Cooling
Central Air

Exterior & lot

Features
Paved, Free, Add'l Parking Avail, >1 Space Per Unit, Parking spaces: 10
Construction
Painted, Stucco, Block, Foam
Roof
Foam
Lot
multi, 12721008C
Parking
Paved, Free, Add'l Parking Avail, >1 Space Per Unit

Schools

District
Creighton Elementary District
Elementary
Monte Vista Elementary School
Middle
Monte Vista Elementary School
High
Camelback High School

Utilities

Utilities
Public Sewer, City Franchise
Water
City Franchise
Sewer
Public Sewer

Financial

Financial
Arizona Regional Multiple Listing Service 2
Annual tax
$1,654
Tax year
2025
Parcel
12721008C

Location

Subdivision
CITRUS ACRES LOTS 1 THRU 20
County
Maricopa
Neighborhood
Citrus Acres
Community
Maricopa, Asphalt, Arizona Regional Multiple Listing Service 2, Creighton Elementary District
Directions
Heating North on 38th St, property is on the East side of Street.

Location

Neighborhood
Citrus Acres
Subdivision
CITRUS ACRES LOTS 1 THRU 20
School district
Creighton Elementary District

Interested in this home?

Questions on 2925 N 38TH Street, Phoenix, AZ 85018, or want to see it in person?

The Anderson Team · (480) 900-9140

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