Phoenix, AZ 85032,17851 N 40TH Street
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Phoenix, AZ 85032,17851 N 40TH Street
Phoenix, AZ 85032,17851 N 40TH Street
Phoenix, AZ 85032,17851 N 40TH Street
Phoenix, AZ 85032,17851 N 40TH Street
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$ 849,000
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17851 N 40TH Street Phoenix, AZ 85032


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Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 6875080

Year Built 1981

Annual Tax Amount $1,817

Tax Year 2024

Source Arizona Regional Multiple Listing Service (ARMLS)

Property Description

Turnkey cash-flowing opportunity in the highly desirable Paradise Valley/Phoenix corridor! This well-maintained 4-unit garden-style complex features all 2 bed / 1 bath units with solid tenant demand and upside potential. Grossing $6,500 a month.

Situated in the thriving 85032 ZIP code, close to major freeways, shopping, and the Paradise Valley Mall redevelopment. Whether you're a seasoned investor or new to multifamily, this 8.25% cap rate property delivers immediate returns in one of Phoenix's most active rental markets.

Looking for steady income and long-term appreciation? This is the one.

Location

State AZ

County Maricopa

Zoning M-M

Interior

Heating Electric

Cooling Central Air, Ceiling Fan(s)

Flooring Ceramic Tile, Vinyl

Appliance Built-In Range, Disposal, Dishwasher, Refrigerator, Built-In Electric Oven, Microwave

Exterior

Parking Features Paved, Carport

Community Features Other

Roof Type Composition

Total Parking Spaces 8

Building

Sewer Public Sewer

Water City Franchise

New Construction No

Schools

School District Paradise Valley Unified District

Others

Senior Community No

Tax ID 215-16-063-V

Acceptable Financing Conventional, 1031 Exchange, FHA, VA Loan

Listing Terms Conventional, 1031 Exchange, FHA, VA Loan


Arizona Regional MLS (ARMLS)
Listed by eXp Realty
agent

Rachel Tamposi

+1(561) 676-3354

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17851 N 40TH Street