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Sold on 12/25/2012

2940 N 40th St, Phoenix, AZ 85018

  • $1,365,000

    Last sold 12/25/2012 after 145 Days

  • 37

    bed

  • 16

    bath

Multi-family not for sale
80 homes bought nearby with Movoto recently

About 2940 N 40th St

Property type Multi-family
Neighborhood
Year built 1963
HOA fee $0/month
Property description
23 units available for sale as a package (bulk condos), inside Tahiti Palms, a 27 unit, garden-style condominium community located in east central Phoenix. Built in 1963, Tahiti Palms has a pitched, composition roof and concrete-block construction, single-level buildings. Tahiti Palms was renovated in 2011 and 2012. The unit mix is comprised of 10 one- bedroom / one-bath units of approximately 700 square feet, 16 two-bedroom / two-bath units of approximately 900 square feet, and 1 three-bedroom / two-bath unit at 1,100 square feet. All the units have spacious kitchens and large closets. Common area amenities include a swimming pool, covered parking and laundry facilities.
Listed by
Listing Agent - Natan Jacobs
Listing Office - Vestis Group
Source: ARMLS mls logo
MLS#4798088 • last updated 3 months ago
Movoto checked ARMLS for data 4 minutes ago
Overview
Cooling/AC Electric
Heating Electric
MLS # 4798088
Type Multiple Dwellings
Status Closed
Property Tax 10957.02
Year Built 1963
Interior
Flooring Carpet, Ceramic Tile, Vinyl
Appliances Free-Standing Range, Disposal, Refrigerator, Washer/Dryer, W/D Hookup
Exterior
Roof Composition
Construction Painted, Block
Parking Free, Assigned, Add'l Parking Avail, 1 Space/Unit
# of Open Parking Spaces 33
# of Covered Spaces 23
Amenities / Utilities
Water Source City Franchise
Sewer/Septic Public Sewer
Security Features Security Light(s)
Location
Subdivision Tahiti Palms Condominium
Community Features Barbecue, Pool
Elementary School District Creighton Elementary District
High School District Phoenix Union High School District
APN 127-21-155
Zoning R-3
Directions Indian School Road, Head South On 40th Street To Property On West (right Hand) Side. Tahiti Palms Is Located On The West Side Of 40th Street, Just North Of Thomas Road.
Multifamily Details
Total # of Units 23
Expense: Operating 93213.02
Financial Data Source Owner, Projected Proforma
Expense: Maintenance 11500
Vacancy Allowance 0.09
Net Operating Income 80370.1
Gross Income 162626.1
Expense: Other 13776
Expense: Professional Management 11164
Gross Scheduled Income 175260
Lot/ Land Details
Road Surface Asphalt
  • Dec 2012
    mls logo MLS # 4798088
  • Dec 25, 2012 Sold
    $1,365,000 (+18.7%)
  • Aug 2, 2012 Listed
    $1,150,000
  • 2940 N 40th St
    $1.36M
  • East Citrus Acres
    $1.23M +33% y/y
  • 85018
    $1.15M -23% y/y
  • Phoenix
    $474K -1% 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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