3629 E Turney Ave, Phoenix, AZ 85018

This fourplex offers an amazing opportunity in one of the hottest submarkets in all of Phoenix. Located in the Arcadia area, this property sits in a quaint, quiet cul-de-sac of awesome mid-century buildings. It is within walking distance / a quick bike ride (slightly over a half mile) to the original locations of both La Grande Orange and Postino, two of Arcadia's most popular destinations. It is also a short bike ride to the original location of the Madison Improvement Club and other new trendy retail developments like Campbell Commons (Chop Shop, Provision Coffee Bar) and Arcadia Place (radi8 Hot Yoga, Arcadia Meat Market, Masterpiece Donuts and Coffee, etc.). Being a 5-10 minute car ride to the Biltmore Fashion Park in one direction and Old Town Scottsdale in the other, this property truly sits in the hottest location in the nucleus of Phoenix, allowing residents to enjoy, with ease, so much of what Phoenix has to offer. With many dining, shopping, and entertainment options, as well as multiple freeway access points within minutes, this is an extremely desirable area in which to live. This investment offering consists of a great unit mix of half one-bedroom / one-bath units and half two-bedroom / two-bath units. They are all individually metered for electricity and one unit has its own in-suite laundry. The buildings in this cul-de-sac exhibit amazing examples of the vintage, mid-century charm that is so popular today. All four of the units have been remodeled and many capital improvements have been done. All four units have operated both as Airbnb /short-term vacation rentals with a proven track record of solid income, as well as traditional market rate apartments. There are multiple other opportunities to add additional value to the investment through further renovations and rental increases. This is truly a unique offering in an incredible location where investment properties such as this rarely come available. *Furnishings not included in this offering but are available per separate agreement*