Movoto Real Estate

3702 E Polk St, Phoenix, AZ 85008

  • $575,000

  • 8

    bed

  • 4

    bath

Multi-family active under contract 11 days
80 homes bought nearby with Movoto recently

About 3702 E Polk St

Property type Multi-family
Neighborhood
Year built 1983
HOA fee $0/month
Property description
Exceptional investment opportunity to acquire a well-located four-unit apartment Ideally situated just minutes from Downtown Phoenix, Phoenix Sky Harbor International Airport, and major freeways, this property offers strong rental demand and outstanding value-add potential. The property features four 2-bedroom, 1-bathroom units, providing an attractive unit mix for tenants. Investors will appreciate the significant upside in rental income, with below-market rents offering the opportunity to increase cash flow over time. Recent capital improvements include a roof replaced approximately 6 years ago and two HVAC units replaced approximately 5 years ago, helping to minimize near-term maintenance costs. Each unit is individually metered for electricity, while low City of Phoenix water, sewer, Trash and taxes contribute to an efficient operating expense ratio. All facts and figures are approximate, buyer to verify to their own satisfaction.
Listed by
Listing Agent - Eric P Hegarty
Listing Office - Levrose Real Estate
Source: ARMLS mls logo
MLS#7055439 • last updated 4 days ago
Movoto checked ARMLS for data 6 minutes ago
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Overview
Cooling/AC Heat Pump, Individual
Heating Individual, Electric
MLS # 7055439
Type Multiple Dwellings
Status Active Under Contract
Property Tax 1080
Year Built 1983
Interior
Flooring Tile, Carpet, Vinyl
Appliances Refrigerator, Free-Standing Electric Oven
Exterior
Roof Composition
Construction Stucco, Block
Parking >1 Space Per Unit
# of Open Parking Spaces 8
Amenities / Utilities
Water Source City Franchise
Sewer/Septic Public Sewer
Location
Community Features Other
APN 121-14-048
Zoning R-3
Directions From Van Buren & 37th St. North To Polk, Property Is On The Northeast Corner.
Multifamily Details
Total # of Units 4
Expense: Operating 5700
Financial Data Source Owner
Expense: Insurance 1860
Net Operating Income 29400
Gross Income 35100
Expense: Water/Sewer 2760
Gross Scheduled Income 35100
Lot/ Land Details
Road Surface Asphalt
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Source: GreatSchools.org © 2026. All rights reserved.

Around Gateway Park

Explore everything this neighborhood has to offer. Learn more about Gateway Park.
48/100
Walk
82/100
Family
95/100
Dining
97/100
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  • Real Estate
  • AZ
  • Maricopa County
  • Phoenix
  • 85008
  • Gateway Park
  • 3702 E Polk St

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