17851 N 40TH Street new Save Request In-Person Tour Request Virtual Tour
Phoenix,AZ 85032
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