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

Price: $900,000
Units: 4
Status: Active
Year Built: 1964
Neighborhood: Citrus Acres Lots 1 Thru 20
Days on Website: 144

Courtesy of Keller Williams Integrity First Realty

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

  • Property Access
  • Road Surface: Asphalt
  • Appliances & Equipment
  • Dishwasher
  • Refrigerator
  • Microwave
  • Bathrooms
  • 10 total bathrooms
  • Bedrooms
  • 17 total bedrooms
  • Building
  • Built in 1964
  • 1 building
  • Construction Materials: Painted, Stucco, Block
  • Community
  • Pool
  • No Pool
  • Cooling
  • Central Air
  • Disclosures
  • Seller Prop Disc Stm
  • Expenses
  • Operating: $1,654
  • Floors
  • Laminate
  • Heating
  • Forced Air
  • Income
  • Gross Income: $34,800
  • Gross ScheduledIncome: $57,600
  • Net Operating Income: $41,000
  • Listing
  • Listing ID: 7013792
  • Standard Status: Active
  • MLS Status: Active
  • 144 days on market
  • Location
  • Subdivision: CITRUS ACRES LOTS 1 THRU 20
  • County/Parish: Maricopa
  • Lot
  • Dimensions: irr
  • Owner Pays
  • Trash Collection
  • Landscaping
  • Parking
  • 6 covered spaces
  • 4 open parking spaces
  • 10 total parking spaces
  • Paved
  • Free
  • Add’l Parking Avail
  • >1 Space Per Unit
  • Roof
  • Foam
  • Schools
  • Elementary School: Monte Vista Elementary School
  • Elementary School District: Creighton Elementary District
  • Middle School: Monte Vista Elementary School
  • High School: Camelback High School
  • High School District: Phoenix Union High School District
  • Sewer
  • Public Sewer
  • Taxes
  • Additional parcels description:
  • Parcel Number: 127-21-008-C
  • Public Survey Range: 3E
  • Public Survey Section: 25
  • Annual Amount: $1,654
  • Tax Book Number: 127.00
  • Legal Description: CITRUS ACRES LOT 83 E 50.5′ OF W 209.5′
  • Lot: 83
  • Parcel Letter: C
  • Year: 2025
  • Zoning: multi
  • Utilities
  • Water Source: City Franchise
  • SRP

Property Map

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

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This content last updated on September 5, 2026 2:40PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.