Courtesy of Platinum Realty Group
Property Description
Rare 7-Unit Investment Opportunity in Prime East Phoenix. Fully occupied and located near 40th St & Thomas Rd in the desirable Citrus Acres / Arcadia-adjacent area. This up-and-coming corridor is surrounded by new construction, redevelopment, popular restaurants, shopping, and easy access to Arcadia, Biltmore, and major freeways. The property features clean, well-maintained, low-maintenance units with strong in-place income and future upside. Excellent long-term hold with value-add potential, including possible expansion or redevelopment of the lot (buyer to verify zoning). A solid, income-producing asset in one of Phoenix’s most dynamic growth areas. This listing is part of a 21-unit package.
Open House
Property Details and Features
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Property Access
- Road Surface: Asphalt
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Appliances & Equipment
- Disposal
- Dishwasher
- Refrigerator
- Built-In Electric Oven
- Microwave
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Bathrooms
- 7 total bathrooms
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Bedrooms
- 8 total bedrooms
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Building
- Built in 1945
- 1 building
- Construction Materials: Painted, Block
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Cooling
- Ceiling Fan(s)
- Electric
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Disclosures
- Seller Prop Disc Stm
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Expenses
- Operating: $2,210
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Floors
- Tile
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Heating
- Forced Air
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Income
- Gross Income: $88,042.5
- Gross ScheduledIncome: $90,300
- Net Operating Income: $90,300
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Listing
- Listing ID: 6974495
- Standard Status: Active
- MLS Status: Active
- 222 days on market
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Location
- County/Parish: Maricopa
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Lot
- Dimensions: 195′ x 67′
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Owner Pays
- Landscaping
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Parking
- 7 covered spaces
- 7 open parking spaces
- 14 total parking spaces
- Paved
- >1 Space Per Unit
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Roof
- Composition
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Sewer
- Public Sewer
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Taxes
- Additional parcels description:
- Parcel Number: 127-22-019-A
- Annual Amount: $2,210
- Tax Book Number: 127.00
- Lot: 14
- Parcel Letter: A
- Year: 2024
- Zoning: R-3
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Utilities
- Water Source: City Franchise
- APS
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This content last updated on September 5, 2026 4:09AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.