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2923 N 38th St, Phoenix, AZ 85018 For Sale

CL
NM 53585, AZ SA712178000
ORION Investment Real Estate
Listed by ORION Investment Real Estate
$899,999
142 days on market
Updated 59 days ago

Citrus Acres

Details
APN 127-21-009C
Property Type Multifamily
Sub Type Apartment Building
Square Footage 3,000
Net Rentable (SqFt) 3,000
Units 4
Cap Rate 6.19%
NOI $55,670
Occupancy 75%
Price per SqFt $300
Year Built 1964
Year Renovated 2022
Buildings 1
Lot Size (SqFt) 6,757
Investment Type Stabilized

Multifamily | 4 Units | $237,500/unit

Marketing description

2923 North 38th Street is a fully renovated fourplex located in the coveted 85018 zip code, just minutes from Arcadia Lite and the Camelback Corridor. The property offers investors a rare opportunity to acquire a pride-of-ownership small multifamily asset in one of Phoenix’s most desirable infill locations.

This turn-key asset features modern upgrades throughout, offering premium finishes, in-unit laundry, and strong curb appeal. This drives top-tier rental demand and long-term tenant retention.

  • Completely renovated asset with interior and exterior updates

  • Stabilized fourplex with strong in-place rents and long-term tenants

  • Located in the highly desirable Citrus Acres neighborhood

  • Close to dining, entertainment, and a walkable neighborhood

  • In-unit Washer x Dryer

  • Flexible residential financing options available

Listing Contacts

CL
NM 53585, AZ SA712178000
ORION Investment Real Estate
Listed by ORION Investment Real Estate

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$55,670.00
$4,639.17/mo

Valuation Metrics

0
DSCR
6.19%
Cap Rate
6.19%
ROI

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