3025 N 38th Street Phoenix, AZ ^$ 4,050,000

3025 N 38th Street

^$ 4,050,000

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3025 N 38th Street

Phoenix, AZ, 85018

^$ 4,050,000

Studio Baths0.0

Monthly Estimate*

^$ 28,290

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Studio

Multi-Family Home for sale in Phoenix, AZ

for $4,050,000. This home was built in 1971.

Multi-Family Active

Price

^$ 4,050,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 14,343

Style

Multiple Dwellings

Year Built

1971

Town/City

Phoenix

County/Region

Maricopa

MLS | Web ID

6614751

Features

General

Sewer Public Sewer

Heating Electric

Cooling Electric Ceiling Fan(s)

Roof Composition

Zoning R-3

Construction Materials Stucco Block

Year Built 1971

Electric SRP Individual Meter

Tenant Pays Electricity

Tax Year 2023

Percent Ownership Fee Simple

Gross Income 291245.3

Community Features Barbecue Pool

County Maricopa

Net Operating Income 218528.0

Operating Expense 67853.0

Insurance Expense 5625.0

Property Type Multiple Dwellings

Attached Garage N

Garage Y/N N

Status Active

City Phoenix

Buyer Agent Compensation 2.00

Disclosures None

View Y/N N

High School District Phoenix Union High School District

Open Parking Spaces 12.0

Total Units 15

Lot Size Square Feet 0.0

Carport Y/N N

Street Name 38th

Tax Annual Amount 14343.0

Electric Expense 9967.0

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Days on Market 204

Standard Status Active

Elementary School District Creighton Elementary District

Tax Lot 88

Cap Rate 5.08

Buyer Agent Compensation Type %

New_sp_Financing_co_Conventional5 True

Ownership Fee Simple

Senior Community N

Interior

Flooring Concrete

Air Conditioning Y/N Y

Heating Y/N Y

Street Suffix Street

Electric On Property Y/N N

Total Baths 0

Exterior

Parking Features >1 Space Per Unit

Water Source Master Meter

Total Parking 26.0

Lot Size Area 0.0

Number of Buildings 7

Spa N

Lot Dimensions 40 408 sq ft.

Lot Size Acres 0.0

Road Surface Type Asphalt

Covered Spaces 14.0

Crops Included Y/N N

Open Parking Y/N N

Irrigation Water Rights Y/N N

Internal Only

Street Number 1 3025

* Excluded Features

List By

Marcus & Millichap

Broker

paul.bay@marcusmillichap.com

Affordability Calculator

$29,486

Per Month

Monthly Principal & Interest: $28,290
Monthly Property Taxes: $1,195
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Phoenix, AZ

Average List Price ^$1,420,971

Percent of Sale Price 65%

About Phoenix, AZ

1,596,463 Population

20% Since 2002

^$51,132 Median Income

34.66 Median Age

32% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

4327165 Elementary School

4327058 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
1/30/2024	$4,050,000	-5.81%	Price Down
10/6/2023	$4,300,000		Listed Price

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3025 N 38th Street, Phoenix, AZ, 85018 is a Multi-Family Home for sale at $4,050,000. 3025 N 38th Street is a studio with 0.0 baths and was built in 1971. The property's zip code is 85018 which is in Phoenix, AZ

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Arizona Regional Multiple Listing Service, Inc. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors are marked with the ARMLS logo and detailed information about them includes the name of the listing brokers.

All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.

The information being provided is 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.

Data is updated as of 4/29/2024.

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3025 N 38th Street

Multi-Family Home for sale in Phoenix, AZ

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