MLS# 7013792 – 2925 N 38th Street, Phoenix, AZ 85018

Price: $900,000
Units: 4
Property Type: Multiple Dwellings
Status: Active
Year Built: 1964
Neighborhood: Citrus Acres Lots 1 Thru 20
Days on Website: 18

Courtesy of Keller Williams Integrity First

Property Description

FULLY REMODELED UNITS! This multi-family property presents a strong, turnkey investment opportunity with immediate and reliable cash flow. The asset consists of four units, including two 2 bedroom 2 bath units and two 1 bedroom 1 bath units, offering a desirable unit mix that attracts a broad tenant base. Each unit has been thoughtfully upgraded with modern finishes, minimizing near term capital expenditures and reducing ongoing maintenance concerns. The 2 bedroom units average approximately 850 square feet, while the 1 bedroom units offer around 700 square feet, providing efficient and highly rentable layouts. The property delivers excellent income performance, with all units renting at 1,200 per month, creating consistent and predictable revenue. This makes it an ideal opportunity investors seeking stable cash flow, strong rental demand, and a low maintenance asset. With its combination of renovations, solid in place rents, and appealing unit mix, this property is well positioned for long term appreciation and continued income growth.

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Property Details and Features

  • Appliances & Equipment
  • “Dishwasher”
  • “Refrigerator”
  • “Microwave”
  • Building
  • Built in 1964
  • Construction materials: “Painted”, “Stucco”, “Block”
  • 4 total units
  • Cooling
  • “Central Air”
  • Floors
  • “Laminate”
  • Heating
  • “Forced Air”
  • Listing
  • Listing ID: 7013792
  • Standard status: Active
  • 15 days on market
  • Location
  • Subdivision name: CITRUS ACRES LOTS 1 THRU 20
  • Parking
  • “Paved”
  • “Free”
  • “Add’l Parking Avail”
  • “>1 Space Per Unit”
  • 10 total parkings
  • Property
  • Zoning: multi
  • Roof
  • “Foam”
  • Schools
  • Elementary school: Monte Vista Elementary School
  • High school: Camelback High School
  • High school district: Phoenix Union High School District
  • Sewer
  • “Public Sewer”
  • Taxes
  • Annual amount: $1,654
  • Lot: 83
  • Utilities
  • “SRP”

Property Map

$900,000 – 2925 N 38th Street, Phoenix, AZ 85018

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This content last updated on May 2, 2026 3:25PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.