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The Warburton Team Brokered By EXp

andreww@gowpnow.com +1(626) 630-2141

$900,000

Est. payment - /mo

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Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Subdivision Citrus Acres Lots 1 Thru 20

MLS Listing ID 7013792

Year Built 1964

Annual Tax Amount $1,654

Tax Year 2025

Lot Dimensions irr

Source Arizona Regional Multiple Listing Service (ARMLS)

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.

Location

State AZ

County Maricopa

Community Citrus Acres Lots 1 Thru 20

Area Maricopa

Zoning multi

Direction Heating North on 38th St, property is on the East side of Street.

Interior

Heating Forced Air

Cooling Central Air

Flooring Laminate

Appliance Dishwasher, Refrigerator, Microwave

Exterior

Parking Features Paved, Free, Add'l Parking Avail, >1 Space Per Unit

Community Features Pool, No Pool

Roof Type Foam

Private Pool Yes

Building

Sewer Public Sewer

Water City Franchise

New Construction No

Schools

Elementary Schools Monte Vista Elementary School

Middle Schools Monte Vista Elementary School

High Schools Camelback High School

School District Phoenix Union High School District

Others

Senior Community No

Tax ID 127-21-008-C

Acceptable Financing Conventional, FHA, VA Loan

Disclosures Seller Prop Disc Stm

Listing Terms Conventional, FHA, VA Loan

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Listed by Keller Williams Integrity First • Heather Openshaw

NEARBY SCHOOL & BUSINESS

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2925 N 38TH Street Phoenix, AZ 85018