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Sold on 09/09/2016

3109 N 38th St, Phoenix, AZ 85018

  • $550,000

    Last sold 09/09/2016 after 127 Days

  • 15

    bed

  • 8

    bath

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

About 3109 N 38th St

Property type Multi-family
Neighborhood
Year built 1973
HOA fee $0/month
Property description
THE MAGIC ZIP CODE (85018)....3 Buildings. (2) Duplexes and (1) fourplex. All 1 story.Beautiful 8 Unit apartment building with 7 two bedroom one bath units and 1 one bedroom 1 bath unit. This garden style complex and a grass area walled and fenced in for privacy. This property has been well maintained by the seller. Rents are low for the area with room for an increase. Property has a great location in Arcadia and there is an on-site laundry facility for the tenants that produces additional income for the owner. Financials are Proforma. buyer to confirm and verify all during inspection period. Interior inspection only after accepted contact. tenants rights
Listed by
Listing Agent - Bob Passariello
Listing Office - Realty Executives
Source: ARMLS mls logo
MLS#5438914 • last updated 8 years ago
Movoto checked ARMLS for data 12 minutes ago
Overview
Cooling/AC Electric
Heating Individual, Natural Gas
MLS # 5438914
Type Multiple Dwellings
Status Closed
Property Tax 3337
Year Built 1973
Interior
Flooring Carpet, Ceramic Tile
Appliances Free-Standing Range, Refrigerator
Exterior
Roof Composition
Construction Painted, Stucco, Block, Brick
Parking 1 Space/Unit, On Street
# of Open Parking Spaces 8
Amenities / Utilities
Water Source City Franchise
Sewer/Septic Public Sewer
Location
Subdivision CITRUS ACRES
Community Features No Pool
Elementary School District Creighton Elementary District
High School District Mesa Unified District
APN 127-20-003
Zoning R
Directions North To The Property On The East Side Of The Street.
Multifamily Details
Total # of Units 8
Expense: Operating 20393
Financial Data Source Projected Proforma
Expense: Maintenance 3600
Expense: Insurance 2100
Net Operating Income 44527
Gross Income 66540
Expense: Electric 900
Expense: Fuel 720
Expense: Trash 1836
Expense: Professional Management 4000
Expense: Water/Sewer 3300
Gross Scheduled Income 64920
Expense: Gardener 600
We are not permitted to show value estimates for this property.
  • Sep 2016
    mls logo MLS # 5438914
  • Sep 9, 2016 Sold
    $550,000
  • May 5, 2016 Listed
    $649,000
  • Sep 2016
    Public Records
  • Sep 9, 2016 Sold
    $550,000 (-15.3%)
  • 3109 N 38th St
    $550K
  • Citrus Acres
    $350K -52% y/y
  • 85018
    $1.14M -21% y/y
  • Phoenix
    $465K -2% 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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