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939 E Turney Ave, Phoenix, AZ 85014

  • $1,334,000

  • 5

    bed

  • 4

    bath

Multi-family for sale 516 days
$15K price drop
80 homes bought nearby with Movoto recently

About 939 E Turney Ave

Property type Multi-family
Neighborhood
Year built 1946
HOA fee $0/month
Property description
Welcome to this beautifully remodeled 4-plex located in the heart of vibrant Midtown Phoenix, currently operating as a successful CASH FLOWING Airbnb! Each unit has been thoughtfully updated with modern finishes while maintaining the charm of the original architecture. The spacious and well-maintained grounds offer ample parking and a community courtyard for relaxation. The location is ideal for short-term rentals, with close proximity to downtown Phoenix, popular local eateries, art galleries, and public transit. Whether for long-term tenants or vacationers, this 4-plex provides high rental demand in one of the city's most desirable areas.Currently being utilized as a successful Airbnb, this property generates consistent income with a strong track record of bookings, making it a perfect investment opportunity. Gross Profits for 2024 were $121,606, additional opportunity to potentially add additional units, single level, No HOA, LOW TAXES of $1490 for 2024. Biltmore/Arcadia Adjacent! ALL FURNITURE IS INCLUDED! Shared laundry on site! Don't miss out on this exceptional property in one of Phoenix's most sought-after neighborhoods!
Listed by
Listing Agent - John Fagundes
Listing Office - AZREAPM
Source: ARMLS mls logo
MLS#6810283 • last updated 4 months ago
Movoto checked ARMLS for data 5 minutes ago
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Overview
Cooling/AC Central Air, Ceiling Fan(s)
Heating Central, Electric
MLS # 6810283
Type Multiple Dwellings
Status Active
Property Tax 1491
Year Built 1946
Interior
Flooring Concrete
Appliances Free-Standing Range, Disposal, Refrigerator, Microwave, Washer/Dryer
Exterior
Roof Composition
Construction Painted, Block, Brick
Parking Paved, Add'l Parking Avail, 1 Space/Unit, On Street
# of Open Parking Spaces 6
Amenities / Utilities
Water Source Individual Meter, City Franchise
Sewer/Septic Sewer-In & Connected, Public Sewer
Security Features Security Alarm(s)
Location
Subdivision CAROLYN PLACE
Community Features Barbecue, Play Area, No Pool
Elementary School Longview Elementary School
Elementary School District Osborn Elementary District
Middle School Longview Elementary School
High School District Phoenix Union High School District
High School Central High School
APN 155-14-015
Zoning R-3
Directions From E Indian School Rd Turn Right Onto N 12th St, Turn Left Onto E Turney Ave, Property Is On The Left.
Multifamily Details
Total # of Units 4
Expense: Operating 60837.37
Financial Data Source Owner
Expense: Maintenance 13013
Expense: Insurance 2300
Net Operating Income 61771
Gross Income 121606
Expense: Electric 5841.35
Expense: Fuel 1407.02
Expense: Other 32909
Expense: Water/Sewer 3121
Gross Scheduled Income 121606
Expense: Gardener 755
Lot/ Land Details
Road Surface Asphalt
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Source: GreatSchools.org © 2026. All rights reserved.

Around Encanto

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  • Real Estate
  • AZ
  • Maricopa County
  • Phoenix
  • 85014
  • 939 E Turney Ave

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