● For sale

$900,000

2925 N 38TH Street, Phoenix, AZ 85018

CITRUS ACRES LOTS 1 THRU 20 · Maricopa County

Built 1964 No HOA
48 days on market

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.

Property details

Interior

Bathrooms

  • Total Bathrooms: 0

Appliances

  • Refrigerator
  • Dishwasher
  • Microwave

Heating and Cooling

  • Cooling Features: Central Air
  • Heating Features: Forced Air
Exterior

Land Info

  • Lot Size Dimensions: irr

Garage and Parking

  • Attached Garage: No
  • Parking Features: Open, Paved, >1 Space Per Unit
Community

Neighborhood

  • Subdivision: CITRUS ACRES LOTS 1 THRU 20
Listing

Other Property Info

  • Annual Tax Amount: $1,654
  • Source Listing Status: Active
  • County: Maricopa
  • Directions: Heating North on 38th St, property is on the East side of Street.
  • Parcel Number: 127-21-008-C
  • Zoning: multi
  • Postal City: Phoenix
  • Listing Date: 4/14/2026
  • MLS#: 7013792
Features

Building and Construction

  • Year Built: 1964
  • Property Age: 62
  • Construction Materials: Block, Painted, Stucco
  • Roof: Foam

Utilities

  • Water Source: City Franchise

Contact Us

Contact Us

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Listed by Heather Openshaw& Devan Statler Keller Williams Integrity First

Listing updated: April 28, 2026

MLS#: 7013792

Data relating to real estate for sale on this website comes in part from the Internet Data Exchange (IDX) program of Arizona Regional Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.

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