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2947 N 39th St, Phoenix, AZ 85018

$1,998,000
  • 20

    bed

  • 11

    bath

Multi-family for sale 52 days
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About 2947 N 39th St

Property type Multi-family
Neighborhood
Year built 1960
HOA fee $0/month
Property description
Desert Jewel is an 11-unit, garden-style apartment community built in 1960 and renovated in 2017, located in the highly desirable Arcadia-Lite submarket of Phoenix. The property is individually metered for electricity and offers ample resident parking, including a covered carport. The unit mix consists of (2) 1-bed/1-bath, (2) 2-bed/1-bath, and (7) 2-bed/2-bath units averaging 823 SF. Current interior renovations feature stainless steel appliances, kitchen islands, updated light fixtures, and in-suite washer & dryer. A light value-add opportunity remains through exterior renovations. Ideally positioned just minutes from Biltmore Fashion Park, Camelback Mountain hiking trails, Biltmore Golf Club, and Downtown Phoenix. Seller recently replaced underground sewer line.
Listed by
Listing Agent - Dallin J Hammond
Listing Office - ABI Multifamily
Source: ARMLS mls logo
MLS#7060274 • last updated 1 month ago
Movoto checked ARMLS for data 10 minutes ago
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Overview
Cooling/AC Central Air, Ceiling Fan(s), Individual
Heating Individual, Central
MLS # 7060274
Type Multiple Dwellings
Status Active
Property Tax 6363
Year Built 1960
Interior
Flooring Vinyl
Appliances Built-In Range, Disposal, Dishwasher, Refrigerator, Built-In Electric Oven, Microwave, Washer/Dryer, W/D Hookup
Exterior
Roof Composition
Construction Painted, Stone, Block
Parking >1 Space Per Unit, On Street, Carport
# of Open Parking Spaces 4
# of Covered Spaces 11
Amenities / Utilities
Water Source City Franchise
Sewer/Septic Public Sewer
Location
Subdivision EAST CITRUS ACRES PLAT C
Community Features No Pool
Elementary School District Creighton Elementary District
High School District Phoenix Union High School District
APN 127-21-042-A
Zoning R-3
Multifamily Details
Total # of Units 11
Expense: Operating 6363
Financial Data Source Projected Proforma
Vacancy Allowance 0.07
Net Operating Income 127442
Gross Income 187709.34
Gross Scheduled Income 189545
Lot/ Land Details
Road Surface Concrete, Gravel
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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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Walk
76/100
Family
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Dining
97/100
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  • Real Estate
  • AZ
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  • 85018
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  • 2947 N 39th St

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