$900,000
2925 N 38TH Street, Phoenix, AZ 85018
CITRUS ACRES LOTS 1 THRU 20 · Maricopa County
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
Ask a question or schedule a showing
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.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.
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