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Sold on 07/04/2023

2939 N 36th St, Phoenix, AZ 85018

$4,800,000

Last sold 07/04/2023 after 106 Days

  • 32

    bed

  • 30

    bath

Multi-family not for sale
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About 2939 N 36th St

Property type Multi-family
Neighborhood
Year built 1981
HOA fee $0/month
Property description
Originally built in 1981, Avanti Estates has recently undergone extensive improvements including a new roof, resurfaced pool. 90% of the units have been updated with new flooring, appliances, bathrooms and cabinets. The addition of covered parking has allowed for additional income. 85% of the units have received new air conditioning units. The current management is in the process of turning the water, sewer, and trash over to the tenant allowing for a potential gain of 24K a year in profit. All of Avanti Estate units are metered individually for electric. With a sales price of $5, 500,000, averaging $183,000 per unit, Avanti Estates is an outstanding opportunity for investors. *Seller may carry with the right offer.
Listed by
Listing Agent - Staci Smedstad
Listing Office - DeLex Realty
Source: ARMLS mls logo
MLS#6533594 • last updated 2 weeks ago
Movoto checked ARMLS for data 5 minutes ago
Overview
Cooling/AC Electric, Individual
Heating Electric
MLS # 6533594
Type Multiple Dwellings
Status Closed
Property Tax 13503
Year Built 1981
Interior
Flooring Carpet, Concrete
Appliances Built-In Range
Exterior
Roof Foam
Construction Painted, Block
Parking 1 Space/Unit
# of Open Parking Spaces 27
# of Covered Spaces 10
Amenities / Utilities
Water Source City Franchise
Sewer/Septic Public Sewer
Location
Subdivision CITRUS ACRES LOTS 21-60
Community Features No Pool
Elementary School Creighton Elementary School
Elementary School District Phoenix Elementary District
Middle School Creighton Elementary School
High School District Phoenix Union High School District
High School Camelback High School
APN 127-22-011-A
Zoning R4A
Directions Just North Of Thomas On 36th Street. Property On The East Side Of The Street
Multifamily Details
Total # of Units 30
Expense: Operating 13503
Financial Data Source Owner
Lot/ Land Details
Road Surface Asphalt
We are not permitted to show value estimates for this property.
  • Jul 2023
    Public Records
  • Jul 7, 2023 Sold
    $4,800,000
  • May 2023
    mls logo MLS # 6533594
  • May 27, 2023 Sold
    $4,800,000 (-12.7%)
  • Mar 28, 2023 Pending
    —
  • Mar 20, 2023 Listed
    $5,500,000 (+107.5%)
  • Nov 2017
    mls logo MLS # 5592467
  • Nov 17, 2017 Sold
    $2,650,000
  • Nov 2017
    Public Records
  • Nov 16, 2017 Sold
    $2,650,000 (+65.6%)
  • Jan 2007
    Public Records
  • Jan 26, 2007 Sold
    $1,600,000 (+29.6%)
  • Feb 2005
    Public Records
  • Feb 28, 2005 Sold
    $1,235,000
  • Year Property taxes Tax assessment
  • 2024
    $14,220 +1.2%
    $474,460 -7.69%
  • 2023
    $14,055 +4.1%
    $513,970 +30.41%
  • 2022
    $13,503 -2.4%
    $394,120 +18.99%
  • 2021
    $13,833 +2.5%
    $331,230 +20.84%
  • 2020
    $13,496
    $274,100
  • 2939 N 36th St
    $4.8M
  • Citrus Acres
    $350K -52% y/y
  • 85018
    $1.1M -21% y/y
  • Phoenix
    $469K 0% y/y
No chart available
Statistics calculated by Movoto

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3/10
Monte Vista Elementary School
public Grades PK, K-8
Creighton Elementary District
2/10
Camelback High School
public Grades 9-12
Phoenix Union High School District
8/10
Phoenix Coding Academy
public Grades 9-12
Phoenix Union High School District
Source: GreatSchools.org © 2026. All rights reserved.

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